Payee lookup for bill payments

In HSBC online banking, I can lookup common Payees, ie if I want to pay my Amex bill via bank transfer from Monzo account (rather than by Monzo card - which has to be done via Amex’s crappy website).

It’d be great if this feature was available in Monzo.

Here’s a screenshot from HSBC -

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Once I made my payment with Monzo, it had the generic Payee icon of initials of the payee. Monzo could more richly integrate this with correct icons and spending/budget categories etc. ie If paying an electricity supplier, not only show that electricity supplier’s icon, but automatically categorise it as Bills/Utilities.

This request goes hand in hand with saving payees permanently -
https://community.monzo.com/t/is-it-possible-to-permanently-save-payee-bank-details/35375

Edit: Oh, and it needs to save the reference - in the case of Amex, by credit card number, in electricity company it would be my customer number. Otherwise, when I use it again from recent payees, I need to re-enter the reference number - if I forget, or set my own personal reference, it will not pay off my account with the vendor.

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It’s a cool idea but there has to be a better way at doing it than whatever that HSBC screenshot is.

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I’ve never liked those tbh: I don’t know how accurate/up to date they are (especially when the bank doesn’t show the sortcode/account number) and by the time you’ve scrolled down (say) the ‘MBNA For accounts starting 3771… For accounts starting 3772… 3773… etc etc’) list, it’s probably been quicker to either cut’n’paste or type the 14 digits of the sort code and account number.

It’ll be quite nice if there could be ‘reverse lookup’ type thing (‘Sort code 30-00-00 that’s XYZ Bank, Townsville’/account xxxxx at that sort code is known to be ‘American Express Centurion’) just as additional validation [might even help reduce fraudulent transfers of the sort 'Oh - you need to transfer money to your new XYZ account…But that’s coming up with a Natwest account marked ‘Individual (Personal)’… etc).

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That suggestion is already miles better than the HSBC example. :+1:

I also don’t get why there are multiple entries with exactly the same sort code and account numbers?

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I agree, Richards suggestion would be brilliant, any additional validation when it comes to moving money about is welcome to my eyes.

Yes - of course looking for something better than the way HSBC handles this. Obviously, technically, right now, HSBC are handling this better than Monzo as Monzo is not handling it at all (especially as you can’t permanently save payees).

Reverse lookup - good idea. :+1:

Amex is probably a bad example, as they have different accounts for different card schemes. Although, I agree, in my screenshot, there are lot with the same account numbers, that’s pretty silly. Utility providers are more straight forward, there’s generally only one account.

Nice to have - validation on the reference number, ie if paying Amex, check it’s an Amex credit card number, if paying EDF, make sure it looks like an EDF customer number etc. Won’t guarantee mistake free, but could save you from making silly mistakes.

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You can look up a previous transaction that you had with a particular bank account then you can send money to that account (it shows sort code and account number too). Once you go into the payment screen and click in “Reference or message” some recent messages are shown (I can’t tell you how many as I haven’t used enough for anyone to reach a limit yet).

I know that this isn’t exactly saved payees but I use it quite a lot for people that I pay very infrequently.

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Yeh, I did notice you can click on the previous reference/message, but I almost accidentally sent money to Amex with no reference.

The problem with recent payees is they get bumped when they’re not so recent. Anyhoo, that’s crossing over into Is it possible to permanently save payee bank details?

This is more about looking up or validating common payees and the reference; and better integration - paying electricity provider could have the electricity provider’s icon/badge, and classify as bills/utilities in spending summary etc.