Aside from putting money aside virtually how is this managed?
Say I want to move £100 aside for direct debits to not spend it.
Come direct debit due date how does it know it’s for that purpose? Would the direct debit take the money from the ‘pot’ or the regular section of the account. Do I need to move it back or is it automated?
I keep seeing “no plans to allow second accounts”(which seems silly) and also that as a new bank you wanted to come up with new solutions and pots has been cited as a potential alternative to second accounts. Pots to a large extent answers the savings account issue but still doesn’t for me answer what a second account covers off. As in run an account for bills (send a chunk of money each month and forget it so that Dd’s and So’s come out without any risk of you spending money you’ve already accounted for, especially with the whole on or around mentality).
Savings wise and for specific goals gets a thumbs up. Still would be cautious about who gets access to what data though.