Splitting Cash Withdrawals into Several Categories

[alexs (Alex Sherwood)]

@Justin

However, I think its usefulness isn’t limited to cash withdrawals, and it would be helpful to be able to categorise all transactions in this way

In theory it would but this is where Hugo’s comment from my ‘round up’ post applies -

After 6 weeks of use

Awesome, thank you very much for that summary and spot-on questions. It’s really really useful. A few answers for some of your questions… Can we use the notifications to refresh the app in the background? If I remember correctly we actually had that working internally at some point (very early days) but there were some security implications on how apps stay on the background, keychains and such. Not sure about this, probably @james can give you the right answer if you want to dive deeper. Lo…

@Justin

Payment in John Lewis, part of which is food and the other part clothing/household items/etc

Perhaps if Flux takes off, the categorisation of these sorts of transactions can be automated.

@Justin

Payment to a person to cover my share of rent, bills and food

This seems like it could be solved by bill splitting, assuming that the other person is a Monzo user too..

@Justin

Payment of a credit card bill, which covers everything including food, transport, holidays, etc (though I hope that in time Monzo will leverage open banking

And I agree with your comments about needing Open Banking for this!