Share your Daily/ Weekly/ Monthly review of expenses with family

Welcome to the community Yannis :wave:

Yes it’s hot coral :heart_eyes:

When you use your card to make a purchase, Monzo picks up the merchant’s MCC code, MasterCard’s are listed here.

So when you buy a drink at your local pub, the MCC code is probably 5813, Monzo knows that you were at somewhere categorised as ā€œBars, Cocktail Lounges, Discotheques, Nightclubs, and Taverns—
Drinking Places (Alcoholic Beverages)ā€ & I expect this is what they use when they allocate the transaction to the ā€˜Entertainment’ Category (& add the :beer: emoji to your notification :wink:). Every merchant has an MCC code which is pretty handy for Monzo!

This sounds like a cool idea :thumbsup: There’s a couple of ways that you can do this now…

If you’re an iOS user (coming to Android :soon:) , you can search for last month’s transactions & then export them to a spreadsheet to send home.

If you’re using Targets in the iOS app (& here in the roadmap for Android), you’ll also get a summary of your spending at the end of the month, which shows you your breakdown of spend by category. But users can change the categories that are assigned to their transactions so if you want to be really transparent, I’d go for the former option :wink:

Neither option seems like the perfect way to share your transaction history, in terms of including all the data & presenting it nicely though so perhaps Monzo will come up with a better way for you to do this in the future…:pray:

1 Like