A few of us (including @avb) have been talking about how paying directly from pots when you use a virtual card might work.
It seems there are two options:
- It works like the Bills Pot. Money comes out of the main account, and then a transfer is made immediately from the specified pot to cover the transaction. If you don’t have enough money in the pot, it’d be covered from the main account.
- It comes directly out of the Pot. This would need a new feed for pots, and lots of behind the scenes action. If you don’t have money in the pot, the transaction would be declined.
Neither option would be quick, but option 1 might be quite a bit faster to deliver than option 2.
Now, there are no guarantees that Monzo will build this - or that another option might fly in from nowhere.
But, knowing the trade-off in time, and the general options outlined above, which option would you prefer?
- Option 1: Works like a Bills Pot (money out of main, then transfer from pot)
- Option 2: Works like an account (money directly from pot)
To be clear, this isn’t a Monzo poll, this isn’t a democracy (so the winning option might not be what happens) and it might not happen anyway! And do bear in mind that we’re a specific subset of user. Folk who don’t come on the community might have a whole different set of views.
With that said, vote! (I’ve become a parody of myself, haven’t I?)