Hi @Nadyusha
You basically want what Connor described in his thesis, link below. It’s not concept from Monzo to be clear, but we might get something similar eventually… I thought it would be interesting read for you, vault concept. 
Thanks! Will read now
I love the idea of ‘pots’ and I am very excited to see this implemented as soon as possible.
As @anon25115823 has mentioned a pot around direct debits would be handy.
Matter of fact, a dedicated Direct Debits pot would be amazing - a pot that you assign direct debits too and you move money into and no matter how much you spend on your card, you will be declined before dipping into this protected pot.
I would argue, I would prefer to go into overdraft and pay the 50p than the inconvience of bouncing a direct debit because i am missing a couple of quid, but I understand that most wouldn’t want that and there will be difficulties with technically ‘borrowing’ money from the bank, whilst your account technically is in a positive balance. But that’s just me having a thought bubble out loud.
As mentioned by, @jzw95, the rules could have this type of set up but just in case it isn’t - I will personally kiss the engineer on the forehead if they get this pushed. 
It seems like I’m not the personwith the idea of dedicated account for bills.
Love the idea of pots and would be useful to include a progress bar identical to the targets feature. Where total balance is at the top and a break-down of each pot underneath with a progress bar if a target has been set.
Would also be nice to automatically set rules to add set amounts into each pot each month or the app setting aside money into each pot automatically based on my spending habit identical to chip. It has allowed me to save money quickly and I can increase or reduce amounts as I like. 7% interest rate is also a bonus 
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This is my issue with starling and monzo currently. Innovation is fine but neither have a solution currently for regular payments like STO & direct debits. Starling state they wont offer second accounts and their version of pots should answer this (it doesn’t). I dont think monzo are planning to have second accounts either.
Say you do an offline payment and forget about it and it doesn’t show or you dont realise that you get a refund put it which will then debit again in a week - like the previous southwest trains issue. You therefore overspend…
Your direct debits are due and then the payments comes out and it will it either force you overdrawn, or will a bounce a payment (if so which one?) or will it bounce them all? Also does the amount it pushes you over affect this - example trying to go over by £1 or £1k i would imagine has a different outcome?
Imagine bouncing your mortgage payment or all your direct debits and having the hassle of sorting it out, plus all the charges (not from monzo but the providers) and potentially screwing up your credit file just because you mixed the two when there’s zero need to.
Innovation is great and pots its great for savings, but i wont be convinced to merge my two current accounts with any provider.
Savings pots are great for saving, not for separating money you absolutely cannot spend because it already has been but it’s just waiting to be debited.
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Hugo’s said that Monzo’s keeping the option to offer multiple account open.
I’d be surprised if Monzo ever lets you go into your overdraft unless your overall balance is 0. Monzo will then bounce payments if you’ve said no to an overdraft or you’ve maxed your overdraft out. It’s worth remembering that there’s a £20 buffer / unplanned overdraft (with no fees) for all users too.
I can definitely see why you need this functionality for your method of managing money. But personally, I’ve set all of my Direct Debits / subscriptions so that they leave my account just after I get paid so I don’t have to worry about not having the funds in my account. Is there something stopping you from doing the same?
Why do you assume mine don’t do this? 
My salary is paid every four weeks - although even monthly I still wouldn’t mix them.
All mine do leave on the same date. I know when i get paid to send £X to the bill account and i just leave it. If they weren’t set to go on the same date i still wouldn’t need to worry because they are all covered. I cant accidentally spend them, they cant not get paid because the balance isn’t correct/i overspend.
I keep seeing “pots will answer second accounts” or “pots will answer joint accounts”. I dont believe it will. It also assumes people aren’t happy with how a joint account or second account works now. They might not be happy how the bank deals with it - like lack of real time balance etc but not that they can have one.
Pots sounds great as i’ve said for savings - but essentially i could set up a ton of esavings accounts with any bank instantly and set up a regular payment if i needed to feed them - no pots needed!
In that case, I can’t see why you have any issue managing your Direct Debits & recurring payments from a single account?
Just like everything else Monzo does, the solution could be better than what the legacy bank’s currently offer..if that wasn’t the ambition then Monzo would just offer joint accounts.
The payments are only part of the functionality, as you can see from the UI in Hugo’s preview 
Direct debits leave on the same date each month, but your pay date constantly moves forward so its always misaligned.
I have no issue managing my money. You don’t need to see or understand - if you dont get why/use/ want thats fine. Many people have a use for them - hence the multiple requests in the forum.
If your scenario you’d rather potentially bounce your mortgage because a transaction didnt show and you bought a coffee and went slightly over whereas in mine it could never happen anyway.
Doesnt make much sense? Just like everything it does it could be better? We could still end up with no solution like currently.
All for them innovating - massively back them looking at useful stuff. There’s a reason joint/second are offered by almost all banks - thats not because they aren’t very innovative but because there’s a requirement for them. You can save the change, round up money in saving (pot) accounts already if you wanted. It just wouldn’t look as nice.
I’ve given you a perfectly valid example of why I use a second account and why some people may want them. There is nothing monzo have said that resolves second/joint accounts.
I can see it doesn’t answer joint/current accounts. It’s a nicely laid out way to see multiple sub areas of money and as above raises more questions about its usability. Again if this is so useful then it could also be applied to joint/second accounts.
Why can’t pots solve your problem? A pot with a new account number is basically a second account. Then a shared pot is basically a joint account.
Maybe I’m missing something that is rightunder my nose?
You’re missing the point I’m afraid, the number of requests is irrelevant if there isn’t a use case that can’t be solved using Monzo’s existing / planned functionality.
Now that you’ve explained the impact of the getting paid every 4 weeks (I’m paid monthly), I understand your use case so thanks for that. I can see why that needs solving so hopefully Monzo can too & now the number of requests matters.
In my opinion, there’s no point in worrying about the joint accounts until we see what Monzo’s solution is. You can but if they do address your use case, which you seem to be assuming they won’t, you’ll have been wasting your time
You’ve taken my quote out of context there, you should have included my quote of your comment, which shows that we were discussing the savings functionality i.e.
Please be careful to avoid doing that.
Direct debits leave on the same date each month, but your pay date constantly moves forward so its always misaligned.
I have no issue managing my money and know whats in/out always. You don’t need to see or understand - if you dont get why/use/ want thats fine. Many people have a use for them.
If your scenario you’d rather potentially bounce your mortgage because a transaction didnt show and you bought a coffee and went slightly over?
Doesnt make much sense? Just like everything it does it could be better? Could still end up with no solution like currently.
All for them innovating - massively back them looking at useful stuff. But in banking monzo are nobody at the minute. There’s a reason joint/second are offered by almost all banks - thats not because they aren’t very innovative . Its because there’s a requirement for them.
I’ve given you a perfectly valid example of why I use a second account and why some people may want them. There is nothing monzo have said that resolves second/joint accounts.
I can see it doesn’t answer joint/current accounts.
I quoted the full thing to reply - i haven’t hidden anything
It looks like you’ve reposted your entire reply, just to add that last sentence. I’ve already replied to the rest of this post here -
I’ve sent you a DM asking you to delete the duplicated content in this post, as including it makes the discussion very hard to follow & I’ll delete this post if / when you do. Thanks.
We don’t know whether the Pots will have a dedicated account number yet. If they do, it sounds like that will deliver Lee’s request for multiple accounts, to keep the money for his recurring payments separate from his other funds.
I’m 99% sure they will*
*Can’t link to a source, just my hunch and how I’ve interpreted it.
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We don’t because it doesn’t answer if it will be totally separate, if it will offset, if it would force you overdrawn / bounce things and rules around it.
Alex re above i took the entire sentence - its wasn’t to misquote you - If you didnt constantly edit posts after posting them it would be easier to follow your reply. Rather than posting “placeholder for my reply” etc too.
Im raising because i’d like monzo to consider fully, because i feel it is important - regardless of people paid 4 weekly, fortnightly, weekly etc. Even for paid monthly it raises a ton of questions about how it would manage separating money, offsetting, forcing you overdrawn etc. None of which we have any answer to. At the minute we dont have pots or current/joints so they are lacking in any solution.
But when you say things like below, its just highlight that you’re dismissing something you haven’t fully considered yourself and making assumptions based off that. Not great, especially if you don’t currently use that functionality with your previous/current banks.
As i’ve said if someone doesn’t use a second or a joint - fine and if its offered you wouldn’t be forced to use one.
If pots does answer the points i’ve raised then great - but i’ve not seen anything that says it does currently. Which is why i’ve raised and why there are multiple threads asking about them.
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No worries, it happens
I haven’t dismissed anything, instead I’m asking those questions. What I’m trying to avoid is making assumptions based upon my incomplete knowledge & as I’ve said, you’ve helped me understand your use case so thank you for that.
We’re not supposed to have answers at this point because the functionality hasn’t been explained yet. As I’ve said, I don’t think there’s any point in worrying about what the functionality will / won’t be able to do until it’s been explained.
I’ve lost interest in the rest of the discussion to be honest, as we don’t seem to be making much progress here 
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For those that get paid at different times thast not a good solution
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Some DD you can’t choose when you want it to come out, and some DD also incur an extra charge if you change your date (some BS about pro-rota or something)
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Lastly - in helping build a smart bank, it’ll be awesome if this feature was considered!!
PS - @Alexs I’m curious, what would you do if you changed job and your pay date was different? Would you call all of your direct debits and bills etc to change the date accordingly?
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Yes, I’ve already agreed with that.
Those situations are annoying but that’s why I’ve taken care to only set Direct Debits up at the beginning of the month.
That’s a good point. I guess I’d hope that this 
would only be an interim solution before Monzo develops something that addresses the last two of your comments that I’ve quoted in this post. I have (& will probably have - respectively) those problems too. They’re probably manageable but I’d prefer not to have to deal with them.
Can’t wait for pots to come. Any indication of when this will be added. Cheers