I’ve done a search and I can’t find that it’s been asked before.
Every time I use a Self serve petrol pump you get that initial £1 pre-charge but then the total fuel bill isn’t charged straight away (The app notification says it may take days) For me this is a bit of a pain as I like to know exactly what I have in my bank and pending payments that don’t show for a while are annoying.
My Suggestion/ Idea is, can we have a feature where you can manual add the payment so it takes off your balance and then when the payment finally appears on your statement it then corrects itself, I know it sounds like a lot of effort for something that is only an issue for 1 or 2 days but for me it’s the only sticking point I have and I know the way the payment works isn’t Monzo’s fault.
For a petrol station it should reserve £99 and give the final amount within a few seconds/minutes… those are visa/mastercard rules for petrol stations. Should be true of most of them now, so it’s a problem that’s going away.
Yeah I’ve been known in the past to get petrol the day before pay day and the value of the fuel was more than what I had in my account but knew it would cost a £1 today and then the next day it would be charged when I had more money, this was before the get paid early feature.
Yes that’s essentially what I was looking for, surely is no different to putting a personal note on a transaction for personal record and then when the payment fully completes it overrides that user manipulation.
I experienced the newer system for the first time a few days ago in Austria. I was driving so I obviously couldn’t see how quickly it updated, but it was showing the correct amount by the time I arrived at my destination. Thought it was pretty neat actually.