I know some existing banks do this and I found it really useful to save.
So at a scheduled time, either last working day of the month, on a set date, or set day weekly etc, you could sweep the existing balance of main account into a saving pot.
It’s a really cool way of putting the money you havent spent in a given month to savings before you get paid again.
At the moment I haven’t switched fully to monzo, instead I send a scheduled payment weekly and only use my Monzo card to help control my spending. So in my example I’d use it every Sunday to sweep any unspent money to a pot.
I didn’t realise that was a thing, but yeah similar to that, but scheduled. Would be a cool little feature especially as the logic seems to already be there
Yeah - it’s the main thing I want to have: Sweep my remaining amount to a sekrit pot every Friday when I send in my spending money each week. It would possibly encourage me to go Plus if it was behind the paywall. I guess I should just set a reminder on my phone and save myself a fiver…
Will caveat ^^ post with: Those formula are set up as if you are editing the Monzo Transactions sheet directly, which I would now reccomend against. (Use a new sheet with IMPORTRANGE()).
The formula is the same, you likely just need to modify a few cell references depending on the data.
As an aside, it’s been ages since I’ve tried to get IFTTT to do something weird and wonderful with the Export Data.
Is there anyway to automatically set up a sweep something like on x date before 4pm move anything over zero into a pot. Before I get paid I was thinking of saving my remaining balance (optimistic) and equally end of a month empty my coin jar / roundups and bills pot. I could foresee a problem if it did it after I was paid lol so that would need considering
I think a great feature would be the ability to add a toggle to a savings pot that would enable you to create a schedule (like a standing order) to move all leftover funds from the main current account on a selected day, leaving only incoming payments as the new balance.
All leftover funds = opening balance for that day (before any new payments are received).
For example, if I get paid £1,246 on the first of the month and my opening balance that day is £123. If the toggle is enabled and scheduled for the 1st, that £123 would be moved into a dedicated savings pot, leaving the £1,246 as the new balance.
