Scheduled payments 'Stop repeating'

I have set up several scheduled payments recently, some using the ‘stop repeating’ feature…

However, I’m not 100% sure whether this will allow a final payment on the ‘stop repeating date’, or whether I need to set the stop repeating date for the day after.

example:

Monthly payments on 1st of each month, to stop repeating on 1st January… will a payment be made on 1st of January with these settings?

Ta

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I would also like to know this. It would be useful in the app if I could view the entire schedule of payments up to the ‘Stop repeating’ date.

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Agreed - it should just say ‘last payment on’ and you get to select from a list of available dates based on the ‘Repeat’ frequency.

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I agree - it’s not clear when it says “Stop payment on” if a payment will go out that date or not. “Last payment on” would be much clearer. But Monzo wouldn’t have to limit the date range based on frequency - it just follows the schedule until that date and stops, even if that date is between payments. That’s how Metro works and it’s great.

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The first repeating scheduled payment (with an end date) I have ends on 27-Jan-2020, so it’s over 2 months before I’ll know how it works properly :zzz:

Still not 100% sure on this. Hopefully somebody from Monzo can comment or clarify?

Agreed, I was unsure of this on a recent recurring payment I set up. WOuld be great to be able to set it to number of payments instead of a date

What about a number of payments option instead - that is way clearer!

I am keen to know this too! I have several sinking funds set up in joint pots and the rate of saving switches from ‘aggressively’ saving (because we forgot to), there is a large purchase of season tickets and then save up a smaller amount for actual spending at the games. I am wondering if the last payment will include the ‘stop repeating’ date or not…

Maybe @anon41842569 or another developer could comment, as over a year later I’m still none the wiser.

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I got an answer to this. The date is inclusive. So if you pay on the 1st of each month and want it to end on 1st November then if you select 1st November as the end date the it includes it too.

Answer from Monzo support

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I found this out too a while ago, by adventurous trial-and-error. In this case, no error - so a win :+1: