It would be great if I could set standing orders based on incoming payments rather that specific dates.
I like to transfer money out into other accounts to cover various things (mortgage, bills etc). Since I get paid on the last working day of the month, I have to do the transfers on the 1st of the following month. I’d love to be able to set up a standing order to go out as soon as my salary lands.
Even better if Monzo could remember who pays your salary and use that as a standing order trigger.
This could give people another reason to make Monzo their main account.
I get paid on the last working day of each month, at a variable time (faster payments). I used to have scheduled pot deposits on the 1st, but sometimes that’s a few days after pay day, so now I’ve taken a slightly more manual approach where, when I get paid, I tap on a few IFTTT buttons in my iOS today view to move money into my pots, one button per direct debit. I then have scheduled pot withdrawals on the day of each direct debit. The IFTTT bit is a bit manual, but means it’s done whenever pay day is.
Agreed. But it would need to be a combination of the company and rough date / amount. Otherwise it would see my expenses repayment as a salary payment.
I have done the same but can also trigger it by saying “ok google, do the transfers”. Looking forward for IFTTT compatibility with joint accounts so they can be managed in the same way.