I see that Monzo pre-lists when my salary will arrive in the feed and the amount. Is that a predictive algorithm based on last month or is it via a heads up from my company that a payment will be coming?
THANKS! 
J
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It’s what you’re actually going to be getting 
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It’s based on the bacs file which is the actual amount you’ll get from your employer
The bacs file lists all bacs debits and credits for the following working day
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One of my favourite parts of Monzo; if they know about it then they’ll tell you about it. This allows for so much more forward planning than traditional banks who tell you everything after the fact.
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I find this useful, good to know dd’s coming out or salary coming in next day.
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Thanks all! That’s a really useful feature then, to find out before my company even issues me the payslip!
J
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I get paid on the 15th which this month is on Monday so it’s showing on my feed today. When I used NatWest it let you use Monday’s salary from 00:01 on Saturday. When I switched to Santander they didn’t, and I’m assuming Monzo don’t either. I would be interested to know why some banks do let you use it and some don’t.
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I think it depends on how quickly it is processed by the bank.
However, I have two different jobs which pay monthly via direct debit and it is always paid in bang on 01:00 on pay day.
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Some banks will let the amount be available since they’ve already been told that the money is going to be transferred and some will hold it until the transaction day
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Operational decision then I guess - bank by bank.
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Is this still working?
Expected to see my salary for tomorrow (15th) but nothing showing. Has worked the last 2 months…
Bit on the early side for the processing to have been done. Usually shows between 9-10am
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Will check again later! Cheers!
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