Feedback / ideas / issues about Pots and payment to/from

Pot image generator (credit to @rknightuk)

I did unachieve a few pots and noticed a limitation

Looks like only 20 active pots are allowed for now

Yeah, 20 pots is the max.

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Hopefully it will be increased soon

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Thereβs a βhackβ to get 40 pots by opening a Joint Account (where possible)

While it is 2 different accounts, you can total up to 40 pots between your Joint and Personal accounts (up to 20 pots with each)

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Itβs never too early, is it?

1 of my pots is Pension vision/target amount, still nearly empty

At Starling pot/space limit is Β£100k

I wonder why?

I donβt really understand this thread?

Requests/issues/improvements get their own threads so they can be voted on, but this is just more of the same but without the organisation?

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This is a simple ββFeedback & Ideasββ topic

If people need you to vote on something, I am sure theyβll invite you

Jesus a pot for pension now Iβve actually seen it all π€¦

If you havenβt already you seriously need to look at actual pension providers to save your cash in, not a Monzo pot.

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For Β£1 I donβt think it really matters. By retirement that wonβt even buy a freddo

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You did indeed

Yes, I know

Different people, different pots . I may safe for a if I want, who cares

I prefer Monzo pot instead tbh

At least I know how much I saved and can withdraw it NOW , not in 50 or 60 years when Iβll be

It also wonβt grow like a pension.

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Yes, I understand. But Pension is a different topic

Need a mortgage for one of them

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As I saved more than a set target, was expecting to see equivalent percentage, eg 145%

Was it always like this?

I donβt recall seeing anything above 100%

At a guess, Monzo will be calculating the percentage with a range of 0%-100%, as mathematically, 100% is the maximum possible percentage. In your example, once you hit Β£68 in your pot then youβve hit the target (100% of the goal) - anything more is a bonus but not a percentage greater than 100% of the goal.

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Is it? Iβm no mathematician so correct me if Iβm wrong, but Iβm sure percentages greater than 100 exist.

Iβd say if youβve saved Β£200 of a Β£100 target, youβve saved 200% of your target.

Likewise, if something costs Β£1 on Monday but Β£3 on Friday, the price has increased 200%.

It depends on the context. Hereβs a good explanation of when & when not to go over 100%:

"100% is your original whole. If weβre just taking a piece out of our original whole, more than 100% doesnβt make sense. For instance, if I said that 130% of my students passed the test, it makes no sense. 100% would be every single student. Similarly, youβre never going to get a 130% discount (unless theyβre paying you to take the item.) When someone says theyβre going to give it 130%, itβs hyperbole.

However, in Zimbabwe in 2008, the monthly inflation rate was 79,600,000,000%. There is no upper bound to percentages. So, when does it make sense to use over 100%?

**Weβll use over 100% when comparing a new, larger quantity to a smaller old quantity.**

A simple example would be this. Suppose my salary was $100,000. My whole salary is 100%. Then my salary becomes $130,000. It increases by 30% ($30,000) so I can say that my current salary is 130% of my old one. Of course the percent is going to be over 100, because 100% represented my old salary, and my salary is bigger now.

**Also, sometimes there are increases larger than the original quantity, and your change is over 100%.**

Suppose my salary was $100,000. Then it becomes $200,000. My new salary increased by the amount of my old one. Thatβs a 100% increase. But if my new salary was $300,000 then I got a 200% raise. In other words, I got a raise equal to double my current salary.

So when our friends at Apple talk about the graphics being 130% faster, theyβre simply saying βa little over twice as fast.β The speed increased by the speed of the original (100%) plus another 30%."

So Monzo is treating the Goal amount as the original whole. Once you reach it, the whole is complete.

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