Midnight.
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Midnight at the start of the day you pick, not the beginning of the next
If you’ve chosen you want it unlocked on the 15th it’ll unlock at midnight on the 15th (so the 14th has just finished).
I picked 16th
Then it’ll be midnight in the 16th, after the 15th has finished. 00:00 is the start of the day
Thank you so much mate i was getting confussed
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Just asked customer support to unlock a pot before my withdrawal date which they did no problem however its not ideal that CS have to delete the pot for money to be unlocked
They said its something Monzo are working on…
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This could be a nice way for people with irregular incomes make their budgeting / cash flow more consistent (if you could do this).
- all income moves immediately into a Locked Pot.
- at the same day of each month - you transfer your “salary” out.
Could help manage the income and cashflow irregularities of being self employed or working freelance etc - if you don’t get a consistent wage each month.
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I saw first sight of the committed spending pots in the wild (on the beta Android channel)
Hopefully that will address some of the points in your last paragraph
I really need locked pots to be hidden from my overall balance!
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From previous discussion elsewhere on here, I believe there may be a legal requirement to show you a total of all money held on your behalf.
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Is this why most banks display “balance” and “available balance”? Could be done in this way with hidden pots, possibly.
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What Alex said ^
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That’s fair enough then. It doesn’t do what you originally wanted though, since the money would still be included in the overall balance.
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But wouldn’t be shown in available Ballance. Depends how it was all layed out I guess.
Anyhow, it’s displayed (sort of) on the summary screen “X left to spend”.
The stuff in pots isn’t included on the Summary screen. Am I missing your point here?
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Yeah 
To expand on this, summary calculates itself based on your available balance - it doesn’t include funds stored in pots 
The only time pots make an impact is when you’ve got pot payments going in/out of your available balance (the funds available on your card) 
you’ll then see a section at the bottom of your summary screen with those transactions 
So I created a Pot for my cars service and kicked it to 31st May thinking the service was in June. I have since discovered that it’s due in March.
I went on live chat to get the pot unlocked or the date changed, either would have worked for me… and I was told in chat that the only option was to have it deleted, the money returned, and create a new pot… for me I like an uncluttered transaction feed, so this really bothers me that I now have a credit from my pot and a debit into a pot all because I needed the date changing.
I think there should be better admin options to COps to be able to edit and remove dates at request instead of having to delete and recreate the whole pot.
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From what Monzo have said there are future improvements that mean cops can unlock pots without deleting them
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I use this method to give myself ‘pocket money’ but obviously the pot isnt locked. The thought of having to change scheduled transactions as there wouldn’t then be enough in the pot to cover the Withdrawals til pay day is enough of a blocker to stop me from dipping in early.
That said, if i could lock my ‘pocket money’ pot other than for pre arranged regular Withdrawals i probably would use the feature
1 Like