Schedule payments into Pots!

[aslater (Andy Slater)]

You can

[samwhu30 (Sam)]

Paying other bank accounts you can. Paying into pots you can’t

[aslater (Andy Slater)]

are you on iphone?

I can do 4 weekly into pots on android

[awjdean]

@aslater

I can do 4 weekly into pots on android

The ability to schedule 4 weekly pot transfers is currently an Android only feature:

Android-iOS Parity Wiki

I thought it would be good to have a place to keep a note of the differences between the iOS and Android versions of the Monzo app. This topic is a wiki so others should be able to edit this post to say if a feature has been added to or is already on either platform. Any other differences not included in this post can also be added. Bugs on either OS should be added to the Bug Reports category instead of this post. Features still in Monzo Labs are not included. Not on Android (but …

[samwhu30 (Sam)]

Yep on iPhone seems like it’s different. Really bugs me seems like such a simple fix?

Also annoys me that you cant schedule payments to another Monzo user without entering in there monzo account and sort code but let’s save that for another thread eh?

[aslater (Andy Slater)]

it does seem simple

my best suggestion (without testing) would be to set up a google calendar entry to use as an ifttt trigger (unfortunately iCal ‘event from search’ doesn’t exist as a trigger)

[Stivenskyrah]

It’s a great addition. I would the ability to edit a scheduled pots payment (like we can with Standing orders.) deleting and recreating them is a little painful.

[awjdean]

@Stivenskyrah

I would the ability to edit a scheduled pots payment (like we can with Standing orders.) deleting and recreating them is a little painful.

You can vote for the ability to edit scheduled pot transfers here:

Edit scheduled pot transfers

At the moment it seems you have to delete and recreate… I’d love to be able to just edit the amounts / date / schedule.

[PorageWog (Chris)]

@ejs

The only time I use pots is when I have an annual one off payment such as car insurance which I will save a certain amount a month for into a pot. These payments aren’t included in my monthly budget. When I make the annual payment, I move the amount back into my main account and then exclude the payment from summary.

My budget is set up to deal with groceries, petrol, eating out, entertainment and general with bills being covered by committed spending each month as they are pretty static.

I’ve started doing exactly the same thing, but I have the same problem as @Kumnaa: my summary tells me that I’ve got £n left to spend, without subtracting from n the amount I’ve scheduled to go into my pots. This makes it look like I’ve got more money available for general spending than I actually have.

[aslater (Andy Slater)]

Don’t you set your own overall budget?

My monzo is just my own spending money outside our joint stuff

I have £200

£75 goes into a pot that’s either for an upcoming occasion or general savings
£4 goes into my PS+ pot

Then I have category budgets for entertainment, eating out and shopping which add up to £110 and I set my overall budget to match. That way my left to spend is £110 minus what I’ve already spent

[ejs (Ed Stubbs)]

Yep, that’s what I’ve got. My budget represents the money left to spend after i’ve transferred into a savings pot and transferred amounts to various pots, some for home insurance/car insurance that are paid annually but saved for each month.

[simon_w (Simon Woodward)]

I also do this, I have all sorts of pots that cover annual or more ad-hoc expenses (everything from insurances to kids clubs, school meals, amazon prime etc etc) … I pay 1/12 of those annual totals into the pots each month and then my budget just essentially covers what I have left (essentially just for groceries) after all other deductions.

[oioisav]

I’ve been asking for the 4 weeks (28 days) to be applied to iOS for as long as I can remember - it’s always been given a response of “ this is something we are actively looking into”

[twgibson (Thomas Gibson)]

This may have already been suggested, but are there any plans for the ability to edit scheduled pot deposits like you can for scheduled payments completely out of accounts? It would be very useful rather than having to delete a scheduled pot deposit to change the amount. Thanks

[swok1080]

Suggested here, be sure to vote:

Edit scheduled pot transfers

At the moment it seems you have to delete and recreate… I’d love to be able to just edit the amounts / date / schedule.

[DannyP0390]

I get paid into my Halifax on the 26th or the Friday before if this falls on a weekend, from Halifax I have a standing order to send a portion of salary to personal and joint Monzo accounts, this goes out on the Monday if the 26th falls on a weekend so ive set my summary to reset on 26th or next working day.

The question is, I have a scheduled pot payment on the 26th, if this falls on a weekend, is it transferred on the next working day?

If the 26th falls on a Saturday, I am in a situation where I get paid on Friday, scheduled pot payment fails because money is not yet there, then money hits Monzo accounts on the Monday and summary resets too.

Anyone else have this issue and managed to find a way around it without IFTTT? Or should I just change scheduled pot payment to a few days after 26th so money is always in account first?

[StuartL (Stuart)]

@DannyP0390

The question is, I have a scheduled pot payment on the 26th, if this falls on a weekend, is it transferred on the next working day?

Nope, it will just fail.

@DannyP0390

should I just change scheduled pot payment to a few days after 26th so money is always in account first?

This would be the way to go, change it to the 28th.

If it was me I’d change things so that I’m paid into my monzo account and then schedule a payment to Halifax if need but then you may have your own reasons for not doing this

[DannyP0390]

Thanks for replying,

Not sure how having my salary paid into Monzo might affect my chances of future credit card/Loans/Mortgages etc with Halifax hence keeping it with Halifax.

[samwhu30 (Sam)]

Schedule payments into Pots!

Why can’t I schedule payments every 4 weeks. Some things are so so annoying because I get paid every 4 weeks!

Anyone from Monzo able to clarify if this will ever be possible? Is a real pain for me!

[awjdean]

I think this is now possible:

[iOS] Four weekly scheduled pot transfers

I’ve been paid monthly al my life until now, and boy is it annoying that very few banking facilities offer options or service around the schedule. Please as a start add 4 week schedules to pots to allow people to better budget and manage money and keep it automatically safe out the way until they’re ready to move it again for bills Bills from pots would be amazing but let’s get pots schedule sorted first and more open to all. What do people think?