(Alex Sherwood) #409

The money in your Pots can’t be spent, here’s the confirmation pop up that they ask you to acknowledge because obviously that has quite a few implications -

(Wolfgang) #410

I would love the option of keeping my spending money and my monthly expenses money separate within Monzo.

At the moment I have my salary paid in to my bank and I calculate all the bills due out that month and whatever I have left I transfer to Monzo so I know whatever is on my Monzo is all I’m able to spend that month.

I would love to be able create sub accounts, essentially so I can just create one that I can transfer my bill money to and allow direct debits to come out of it instead of my main account so that I can transfer however much is due out to that one and leave my spending money in my main account so I know whatever is on my card I can spend without worrying that I’ve not left enough for something that hasn’t come out yet

Would be great if you could set it up so when your salary is paid in, it will check last months transactions in your expenses account and automatically move the same amount again in to this sub account and you can see a list of expected transactions and dates based on last months activity and you can edit them if you know something is going to be more or less that month.

For me something like this would be incredibly helpful, just so when I use my Monzo card I know I’m spending money that can be spent and I’m not forgetting about something I’ve not yet paid for!

Sorry if something like this has already been shared, I couldn’t see anything and it’s my first post!


Some users have suggested similar things in this thread please check this and you’ll be glad to know it’s coming soon

@tomsr sorry for keep tagging you hope you don’t mind mate

(Wolfgang) #412

Thank you, I do like the idea of money pots however this isn’t the same as what I was looking for, I was looking for something more substantial so I can solely manage my bills and Zoe ding money separately, with a cash pot I would have to put the money aside and then transfer it back in to my main account when it comes out

I’m essentially wanting to remove all bills from the main account and keep them under a sub account so they don’t even touch my spending money, I would like it to act as if it had its own account number so direct debits and payments can come out of that sub account and not the main one

Maybe you can add specific payment references or merchants to come out of this other account, maybe an add feature where you can select from a list based on previous merchants that have taken money and frequent payment references and such.

The idea is to try and have the capability of two accounts all under one hot coral roof

(MikeF) #413

Yes, that has also been covered in the exhaustive discussion of pots. A Direct Debit pot if you like - put the commuted expenses in there and have your unallocated money left in the main account.

Of course, it’s a discussion point only at the moment. I have no idea if that’s what Monzo are thinking of for the future.

(Adam Kendrew) #414

This thread could be interesting to you then. When @hugo showed us a sneak peek of the new breakdown interface in May, it had a ‘committed’ section which I assume would work out your bills based on past direct debits and then remove it from your ‘available balance’. Although we’ll have to wait and see :eyes:

(Rumee Ahmed) #415

Love the feature, for me personally it works. I don’t need rules or anything. Just a few pots to hold my savings. The one thing that properly annoys me is the massive spike in the pulse, I don’t think this should be taken into account. Time to whittle my current account down to 2 from 3!


And that’s fine. You don’t have to use any rules if they’re there. I think that rules-based pots functionality will be quite powerful for those that want it.


No android love? :slightly_smiling_face:

More characters


That’s slightly different than Starling Goals (Pots), they allow any balances in your Pots to act as a total balance, so you don’t go into overdraft until the total balance including Pots is used.

I don’t mind either way, I’m not sure which is best? I can see the merits to Botha I guess it just depends on how disciplined you are with your money.

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(Alex Sherwood) #419

Are you sure? I didn’t think they let you spend money from your Goals either.

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So it won’t take direct debits from the Pots, but you don’t get charged debit interest until your overall balance is zero.

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(Alex Sherwood) #421

I’m sorry I’m just not seeing how this is different than the way Pots work?

Technically Pots are separate accounts but for all intents & purposes, they behave the same way as they would if they were in one bank account. The only difference is you can’t spend money from Pots.

I don’t think we know whether Monzo will start charging you interest on your negative balance if you’ve gone into your overdraft but still have money in your Pots?


You are both right. They do allow any balances in your Pots to act as a total balance so you don’t go into overdraft until the total balance including Pots is used; but they don’t let you spend money from your Goals until you delete the goal, whereby the money reverts to the main account and instantly becomes dependable again.

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(afonso) #423

What I like about starling is that it allows you to set up regular deposits to each pot. So useful.


I’m sure in time Monzo will implement this.

As stated previously they like to roll out a minimum viable product and glitter it up as time goes on.

(James Murray-Ferris) #425

Can I point out a small bug on the accounts screen

It doesn’t move from 3rd counter on the bottom not sure why?


I don’t know what type of bug it was but he made some nasty black smudges :bug_poop:

EDIT: I ought to explain this is a joke

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(Tom ) #427

Shame you had to spoil the joke by clarifying… :joy:

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(James Murray-Ferris) #428

I’m disappointed the :bug_poop: isn’t an emoji tbh :joy: but it’s the fact there are 4 dots on the bottom that don’t seem to keep up with what “account” you are on

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