I’m new to Monzo. I have a couple of questions if anyone could help?
Can other people pay into your Monzo account. (ie) - do you get a sort code and account number?
What I would really like is for my Monzo account to automatically divide any incoming money into separate accounts. For example, 30% of all incoming funds get put directly into a ‘tax account’, 30% of all incoming funds get sent to a ‘savings account’, and 20% gets sent to a pension or investment account etc, and you’re free to spend the remaining 20% without any worries! This would make money management such a breeze (obviously the user is free to choose what percentages get sent where!).
If this isn’t possible, I hope someone from Monzo would see this idea and implement it. It would help so many people stay on top of their finances.