Second account / Pot with its own account number and sort code

[alexs (Alex Sherwood)]

You’ve done a great job of explaining your use cases here

@Jarcionek

safety - since second account doesn’t have a card, it’s much more difficult to lose that money

You don’t need to worry about that, you’ll be able to claim money back that’s taken through fraud (assuming you stick to the T’s & C’s) & you really want, you can keep money in Pots to stop it being spent on your card.

@Jarcionek

convenience - after all direct debits and standing orders for rent and bills, which are all done at the beginning of a month, I can easily see how much I have available this month

The Summary is designed to make this easy to do & it’s steadily improving.

@Jarcionek

references - when moving house and having to prove that I pay my rent on time, all I need (and nothing more) is in once place

I expect you’ll be able to filter your exports for this sort of thing & you could simply highlight the transactions on your statement in the meantime.

@Jarcionek

legal / proof of address - when having to prove my address it is convenient to have an account used regularly, but which has only a few transactions each month (I am not sure how this one would work with Monzo since I rely on paper statements for this)

Monzo can provide paper statements.