✨ Spring cleaning: making it easier to manage your account & see Pots payments

I wonder if this, combined with virtual cards linked to specific pots, might give super power mode to folks who need it?

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Tell us more!

This feels a bit like a conflation of two things: the prediction of regular payments in Summary and paying recurring credit card transactions from a pot.

I’m not sure that knowing the frequency of payment would be a prerequisite for the latter - indeed it’d seem to overcomplicate it somewhat :thinking:

Personally, I wouldn’t rely on Summary for this. I’d schedule 26.58 (186/7) to be transferred to a pet food pot weekly - then pray for the ability to connect a virtual card to a pot, and use that card to pay for the food.

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Just a feeling… it’s in the eyes :eyes:

eyes

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I agree!

But that said, two thoughts!

I’m interested in why @davidwalton thought that CPAs from Pots are coming as it opens up some interesting avenues to explore:

  • if Monzo is able to determine if a transaction is part of a CPA then that should result in the ability to see and cancel these in the app without having to flag them as recurring :pray:

  • Conversely (or I suppose even if Monzo can identify a CPA) then it means that they’re able to make card payments from Pots. I wonder if it might just be easier to assign a merchant to a Pot (after all, Curve seems to be able to choose and select a card based on the merchant in real time, so it should be possible for Monzo to do it with Pots).

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That’s definite confirmation in my book

which is written in crayon. Occasionally with letters written back to front. But it’s still my book

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Unfortunately I’d be surprised if non paying customers get anything out of this. I’d love to be proved wrong, though, but I think this would be a compelling reason to upgrade. Indeed, I could imagine card payment from pots being restricted to virtual cards for just that reason…

Amen!

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This was in the survey I did recently…

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:eyes:

Can you share the rest of the survey? Did it have a particular theme / title?

(I hope you could select birth options - it’s definitely not a either/or for me!!)

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Never got that survey.
Feeling left out now…

:cry:

BUT - the answers you gave surely will have influenced :monzo: to consider implementing this. Unless your droids answers were not the droids answers they were looking for.

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This is the rest of it

(Monzo peeps, happy to remove if you don’t want this public)

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That decline bit is interesting

The fall back of taking it from main is very useful

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I agree and I said I disagreed with that. Sometimes a pot can have the wrong amount but I wouldn’t want to be “punished” by something failing when I had enough funds overall.

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But it’s no different to it failing in main when there’s enough in a savings pot

I’m thinking out loud to try and come up with my position on this….

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I’ve said it before, but I think eventually Monzo is going to need to revisit their policy of not offsetting funds in pots against overdrafts etc. If you look at the Simple feedback, that seems to be one of the main drivers.

And if I think about more practical, short-term things, what about overdrafts? I have my overdraft largely to cover unexpected changes in direct debits - will that only apply to the ‘main’ account? Would I need separate overdrafts for different pots? How would that work? If I can’t use my overdraft for my bills pots then that basically takes away their point…

I worry a bit that we’re basically into a whole bunch of separate accounts without account numbers at this stage. Which is fine, but I expect a bit more Monzo magic on top of them…

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I hope not. I like it separate

For me, the ideal solution would be to specify one or more overdraft pots… But I’ll shut up about that because I’ll take us off-topic! :grin:

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Heaven forbid we ever go off topic on this forum :grin:

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Never happens.

So tell me, what are your views on cheese?

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I likes the cheese :cheese:

I notice they only mentioned online card payments in that survey. Wonder if at any stage they’ll consider in person card payments

dragging the thread kicking and screaming back on topic

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Can we just brie serious and stick to pots?

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