Scheduled Withdrawal

Just hoping that there’s a scheduled withdrawal function for saving pots, instead of just scheduled deposit.

You can from Pots, just not Savings Pots as it defeats the idea of saving if you’re moving it back out.

This is where I disagree with Monzo. The only thing this limitation achieves is to make it harder to manage payments and earn interest at the same time. The limitation is for their benefit, not the users’.

Not particularly in monzo favour; they’d stop all movements if that was the case.

If people are paying bills from Pots they can do so; losing a few pence isn’t a monzo problem it’s a customer problem.

Some other banks allow scheduled withdrawals so maybe consider those instead.

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We have. We’ve moved essential DDs to Nationwide, partly for interest, partly because Monzo don’t have a proper joint account which can stay open after the death of one of the account holders.

(I have a theory that Monzo’s banking infrastructure was built by twenty-somethings, who tend to think they’re immortal.)

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:100:!

Does seem more focused on the younger gen, I’m 36 and feel it’s too much for me :grimacing:

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