Apologies if this has already been covered. One thing I love about Monzo is that as soon as I spend on my card, it’s on my statement. No pending amounts for days like other banks.
I’m in the process of going full Monzo. My question is - with Direct Debits, will they be taken from my account as soon as the company requests them or will they come out on the due date. For example, most of my Direct Debits come out on the first of the month but I can usually see them all pending to come out the day before on First Direct. Would these come out early, as soon as they are requested, possibly causing some to be unpaid? I get paid on the first of the month, so rely on Direct Debits not coming out earlier than that so that everything is covered.
Just want to check before switching everything over. Thanks.