“It’s the first in a series of updates we’ll be announcing over the coming months. All of them are to do with Pots and helping you to get more value out of them.”
And:
“Pots are powerful, and over the next few months we’ll be launching features that make them even more powerful.”
Wonder if there’s more than ‘just’ pay from pot coming.
I suppose transfers between pots would be nice, could be a good clean up addition.
I’m getting hints of being able to pay card-based subscriptions (CPA’s) from pots. If I can group my CPA’s with my regular bills to be paid from the Bills pot, this would be super
I think I’d like it to work like “I just paid a subscription to the RSPCA, I want that to always come out of my RSPCA pot” so whether that is my monthly direct debit or a extra fee, for buying something else, that’s sorted.
I guess the difficulty comes when I want the subscription to come from the pot, but not normal payments. Especially if there’s a bigger value and it could cause the transaction to be declined.
As the 79p for iCloud each month is a bit different to buying a new iPhone.
The fear I have here, is that the survey Monzo gave me said that in this scenario, the iPhone transaction would be declined, regardless of overall balance. Which I feel is a huge step back.
edit
Just checked the survey. This was actually in regard to bill pots, rather than payment pots. But I think the point still stands and I would imagine they’d both work the same in the end.