This feature would be amazing!
I have a savings account setup with my current bank and being able to separate money out is something I could not live with out.
I’ve been moving most of my money over to my Monzo account but having this feature would make it so much easier having my wages paid direct into Monzo.
Can’t wait for more updates
3 Likes
A brilliant idea! I currently put money away each month for bills/stuff to do but it all goes into one account so i keep a track of what balance is in the account for each purpose, this would make that process 100% obsolete & would make my life so much easier.
ABILITY TO SET A POT, AS ACTIVE SPENDING POT IN THA APP, THAT THE MONZO CARD USES FONDS FROM
Would it be possible for pots to be set as active spending pot, i.e. when the debit card is used money goes out of that put, as it was marked in the app as “active spending pot”
Use case
There are two uses cases:
-I would like to have pots for multiple spending purposes that frequently occur during the month, e.g. “groceries pot”, “social life pot”. For example, I walk into the super market, mark my “groceries pot” as active spending pot in the app, pay with my Monzo card and money gets deducted from my “groceries” put, not from my main current account balance
-Savings pots for larger purchases, e.g. a “holiday pot”
Criteria to be met
-It is not a third party savings pot (e.g. ISA)
-It is not a mortgage / loan pot
-It is not an investment pot
-User indicated that this is a “active spending” by tapping the “active spending” icon
Additional considerations
As users will toggle back and forth between active spending pots, the app could:
-Have an option to default back to the main current account as active spending source after purchase is done
-or maybe even prompt the user to do so by creating a notification
1 Like
So true! I remove the money that is needed for stuff asap so all i see is what is left… Pots will make this so much easier.
1 Like
I would like the idea of having a pot that I can pay into and associate regular payments with it. Sort of ring fence a pot for a single purpose and stop me from spending it? Does that make sense? i.e. a car pot where my MOT, insurance and road tax can be paid but I can’t take money out easily.
2 Likes
I was just think about the possibility of allowing payments to come straight it if pots. My imagining of how it would work is that once a payment has been taken you can then assign it to a lot and tell it in the future to take money from this pot with the option to then either decline the payment or take the money out of main account should the pot run out of funds. Same with direct debits 
2 Likes
This seems like an interesting option, but wouldn’t the groceries use case be met by the categories that already exist?
I think setting an ‘active pot’ would work for longer term spending, e.g. when I’m on holiday I want all spending to be taken from my Holiday Pot.
Having to use the app to change the active pot for one-off transactions and then change back seems like a lot of hassle. A better option would be if you could assign spending to particular pots after it happens, so you don’t need to worry about forgetting to change the active pot.
2 Likes
I would like the idea of having a pot that I can pay into and associate regular payments with it. Sort of ring fence a pot for a single purpose and stop me from spending it? Does that make sense? i.e. a car pot where my MOT, insurance and road tax can be paid but I can’t take money out easily.
That’s exactly what I need, too. I used to use the prepaid card for budgeting, which was great as I just transferred over what I knew I could afford to spend that week. Since moving everything over to the current account I feel like I’ve gone a step back, as I’ve had to start tracking everything in a spreadsheet again. I am really hoping that the Pots features solves this!
3 Likes
I guess you can argue both ways:
allocation after spending vs. activating the pot before spending
Either way, it would be cool to have have “active pots”, I guess each user can decide if how often they would like to useit.
Thinking a bit ahead - and this might be bending the concept of pots just a bit - credit cards as pots
In other words your Amex can be an active pot, so your transactions through your Monzo card get routed through Amex (provided Amex is your active pot at the moment) or any card you may have. Pretty much like Curve:
1 Like
I seem to burn my way through regular trips to the coffee shop. I need to curb that and save! Pots would be ideal. Same for me, thats one of the reasons I opted for pre-pay, I knew that my bills would be taken care of in my current account and the coral pick card was for fun!
This looks amazing, and I would find this extremely useful. Would a user be able to define which pot a particular direct debit can be taken from?
2 Likes
We have talked and talked about pots till to be honest it’s time for Monzo to deliver the goods. We can only talk about something for so long and I think the time has now come to see what’s on offer.
1 Like
Pots are expected in next 1-2 weeks;
Edited –
2 Likes
Didn’t the email say a couple of days for pots?
Also that part you quoted was for debit card top-up, I believe.
1 Like
That’s the way I remember it.
This comment was in relation to topping up the CA by debit card.
Correct 
Pots = day/s away
Debit card top-ups = 1-2 weeks
12 Likes
Sorry yes you are correct my bad 
Edited.
1 Like
can you remove /s pls
I’ve never been this excited about finances until Monzo
5 Likes
Wait until it’s hours away, then minutes, then seconds!
I am so excited for Pots!