So it’s 2023, and what’s a better way to start than with a Big Poll?!
Over here, I offered some of my predictions for the year ahead, but more importantly it’s time to find out what the community wants from Monzo in 2023… and what we think might actually happen in Monzo World!
As per last year, two sets of polls for our collective delight:
firstly to find out what the Community wants from Monzo in 2023.
then to see what we actually think will happen.
I’ve based the options on previous Big Polls, ideas posted on the forum and the wiki we had to crowdsource ideas for the Christmas Big Poll (now a New Year poll, obvs). The first poll is much more about the product, the second one includes corporate and business updates, too!
And this year, I’ve had a go at dividing into Monzo global features (shared by UK/US), then specific features for each market.
Ready, set, happy new poll!
First up: What Do You Want from Monzo in 2023?
Monzo Global!
A modern, responsive HTML web interface.
Act as a mortgage intermediary
Add notes to Monzo.Me transactions (available on Android but not iOS)
Add notes to recurring transactions and direct debits automatically
Alerts when promotional periods are ending (e.g. fixed rates in mortgages, 0% credit cards)
An undo button! (In case you accidentally change all your categories or delete transaction notes)
Automatic Get Paid Early (UK)
Automatic salary sorter (i.e you don’t have to tap to sort your salary into pots).
Automatically categorise spend when abroad as holidays, expenses or as normal (available on iOS but not Android).
Automatically send money to external savings accounts on triggers (e.g. end of month sweep, when salary is paid in etc).
Budget by category in Trends
Bulk change faster payment (UK) / ACH (US) transaction categories
Connect to APIs to show the current value of your property and (with connected mortgages) how much equity you have in it
Connected accounts for joint accounts
Connected crowdfunding platforms (and let you see your Monzo shares in Monzo!)
Connected loans (using the same approach as for mortgages)
Create and save filters so you can see a subset of your feed easily.
Credit Card Pots (when you spend on a linked credit card, stash that money in a pot)
Debt tracker: log your debt in Monzo and develop a plan to pay it down
Direct pot to pot transfers
Enter receipt details manually
Enter/see your interest rate for connected credit cards, savings and mortgages
Exclude transactions from Targets
Four weekly/28 day/13 times yearly pay/budgeting periods
Garmin Pay!
Google Sheets export for joint accounts
Google Sheets export for connected accounts
Google Sheets export for Flex
Google Sheets export for Pots (e.g. virtual card payments directly from pots)
Harmonise how expense category transactions are shown on Android and iOS
Have personal merchant names/logos (for your account only, so you can group, change and update immediately)
Hide connected accounts (available on Android but not on iOS)
Higher (or no!) limit on the number of custom categories you can have.
Instant withdrawals from savings pots
Introduce price-comparison tools and sign up for credit cards, loans, utilities and other products
Keep data for closed connected accounts.
Left to spend / account balance in notifications
Let us filter whether or not we want to see upcoming payments in the feed.
Long-term financial goal tracker
Manual connected accounts
Manually import old account data to see in Trends
Merchant or category block
More sophisticated pay period calculations (e.g. pay date is the last but one working day; every second Tuesday etc) that take account of Get Paid Early
Multi device support (use Monzo on more than one iOS or Android device)
Native international transfers (in and out, inc IBAN)
Native Monzo savings account
Native rules engine (IF this happens, THEN do that - e.g. move money between pots, add a note etc).
Net worth tracker
New joint account card design (UK/US)
No maximum limit for the number of pots you can have (or a higher limit)
Notes and tags for connected accounts
Notes field on Pots (so you can remind yourself what it’s for)
Offer mortgages
Option to toggle the feed between merchant and category logos
Other connected credit cards (let us know who’s missing below)
Other connected current/checking accounts (let us know who’s missing below)
Pay from pots based on merchant name, category or code rather than what card is used.
Plan future expenditure in Trends (enter known future transactions)
Purchase protection (like Revolut Plus)
Recurring incoming payments (so that Trends knows when to expect your income)
Reset Trends/Summary periods automatically when wages received.
Restore chat button to contact support
Scan / OCR paper receipts into Monzo
Search connected accounts
Search on Android by category, merchant, location, dates (parity with iOS search)
Searching the feed should search the original merchant data as well as the enriched data (iOS)
See asset values (e.g. the value of your house) in Monzo
See investments held elsewhere in Monzo
Set a default category for pot for pot transfers
Show confirmation screen before cancelling direct debits (iOS)
Show confirmation screen before sending money to settle up shared tabs
Show first and last initials of payees on Android (Android shows only first initial, iOS shows both)
Show merchants’ direct debit reference at the bottom of transactions on Android (it’s in iOS)
Show original reference / transaction info on Android on transaction screen (this is in the notes field and can be overwritten)
Show total spending (and by category) over years in Trends.
Single use virtual cards
Sort Trends transactions by date, value, merchant/category, account etc
Split the bill / shared tabs for connected accounts
Sub-categories for income type
Option for Targets to work off your left to spend instead of a budget
Transfer money directly into Pots (using #PotName as the transfer reference maybe)
Version of the Monzo app where you don’t need the current account (paid for?)
Virtual cards for joint accounts
Weekly pay/budgeting periods
0voters
Monzo UK
A refreshed, more competitive, Plus/Premium offer (UK)
Automatically select a plan in Flex (UK)
Chase Bank in connected accounts (UK)
Cheaper, software only, tier below Plus (UK)
Cheque imaging (UK)
Custom categories for joint accounts (UK)
Fix Google Sheet export issues (no merchant for interest or for Plus/Premium payments)
Connect to APIs to show the current value of your property and (with connected mortgages) how much equity you have in it
Connected accounts for joint accounts
Connected crowdfunding platforms (and let you see your Monzo shares in Monzo!)
Connected loans (using the same approach as for mortgages)
Create and save filters so you can see a subset of your feed easily.
Credit Card Pots (when you spend on a linked credit card, stash that money in a pot)
Debt tracker: log your debt in Monzo and develop a plan to pay it down
Direct pot to pot transfers
Enter receipt details manually
Enter/see your interest rate for connected credit cards, savings and mortgages
Exclude transactions from Targets
Four weekly/28 day/13 times yearly pay/budgeting periods
Garmin Pay!
Google Sheets export for joint accounts
Google Sheets export for connected accounts
Google Sheets export for Flex
Google Sheets export for Pots (e.g. virtual card payments directly from pots)
Harmonise how expense category transactions are shown on Android and iOS
Have personal merchant names/logos (for your account only, so you can group, change and update immediately)
Hide connected accounts (available on Android but not on iOS)
Higher (or no!) limit on the number of custom categories you can have.
Instant withdrawals from savings pots
Introduce price-comparison tools and sign up for credit cards, loans, utilities and other products
Keep data for closed connected accounts.
Left to spend / account balance in notifications
Let us filter whether or not we want to see upcoming payments in the feed.
Long-term financial goal tracker
Manual connected accounts
Manually import old account data to see in Trends
Merchant or category block
More sophisticated pay period calculations (e.g. pay date is the last but one working day; every second Tuesday etc) that take account of Get Paid Early
Multi device support (use Monzo on more than one iOS or Android device)
Native international transfers (in and out, inc IBAN)
Native Monzo savings account
Native rules engine (IF this happens, THEN do that - e.g. move money between pots, add a note etc).
Net worth tracker
New joint account card design (UK/US)
No maximum limit for the number of pots you can have (or a higher limit)
Notes and tags for connected accounts
Notes field on Pots (so you can remind yourself what it’s for)
Offer mortgages
Option to toggle the feed between merchant and category logos
Other connected credit cards (let us know who’s missing below)
Other connected current/checking accounts (let us know who’s missing below)
Pay from pots based on merchant name, category or code rather than what card is used.
Plan future expenditure in Trends (enter known future transactions)
Purchase protection (like Revolut Plus)
Recurring incoming payments (so that Trends knows when to expect your income)
Reset Trends/Summary periods automatically when wages received.
Restore chat button to contact support
Scan / OCR paper receipts into Monzo
Search connected accounts
Search on Android by category, merchant, location, dates (parity with iOS search)
Searching the feed should search the original merchant data as well as the enriched data (iOS)
See asset values (e.g. the value of your house) in Monzo
See investments held elsewhere in Monzo
Set a default category for pot for pot transfers
Show confirmation screen before cancelling direct debits (iOS)
Show confirmation screen before sending money to settle up shared tabs
Show first and last initials of payees on Android (Android shows only first initial, iOS shows both)
Show merchants’ direct debit reference at the bottom of transactions on Android (it’s in iOS)
Show original reference / transaction info on Android on transaction screen (this is in the notes field and can be overwritten)
Show total spending (and by category) over years in Trends.
Single use virtual cards
Sort Trends transactions by date, value, merchant/category, account etc
Split the bill / shared tabs for connected accounts
Sub-categories for income type
Option for Targets to work off your left to spend instead of a budget
Transfer money directly into Pots (using #PotName as the transfer reference maybe)
Version of the Monzo app where you don’t need the current account (paid for?)
Virtual cards for joint accounts
Weekly pay/budgeting periods
0voters
Monzo UK
A refreshed, more competitive, Plus/Premium offer (UK)
Automatically select a plan in Flex (UK)
Chase Bank in connected accounts (UK)
Cheaper, software only, tier below Plus (UK)
Cheque imaging (UK)
Custom categories for joint accounts (UK)
Fix Google Sheet export issues (no merchant for interest or for Plus/Premium payments)
I feel like we need a wants version of these polls. I keep going through them and checking stuff only to be like * No N26Throwaway! That’s something you want but have no hope it’ll happen!*
Monzo multi-device. I think this is the thing that would bring me back. Being able to use trends across both an iPad & iOS device at the same time, a deeper level of insights and analytics and data would be next level
Plus** - While you could argue plus is worth it for the aggregation alone I really think it’s gone stale - none of what it has is anywhere near market leading or innovative now.
Pot feeds - I might have missed it, but I would’ve voted if it was there. Being able to click into a Pot and see all transactions (e.g. bills pot etc)
Commercial Who knows what Monzo will do but I suspect 2023 will be a bonfire of startups and new(ish!) entrants and a merge/acquisition of a few. I suspect that a number of aggregators will become one or two.
I don’t know the in’s and out’s, according to that government page - yes. But i think it’s extraordinarily unlikely - especially for a private company where the requirements are a lot lower.
I haven’t been using iOS for a few weeks, but my recollection is this is also a significant issue on iOS. From memory iOS does put text at the bottom of the transaction page which contains the original reference. But this gets modified when you use the notes field (its not uncoupled - which is what it really should be).
From what I can tell the “Description” field contains the original transfer reference and this doesn’t get modified when you edit the Notes field. You can access the Description field by downloading statement in CSV format, and I believe also via the API.
But for some reason (which I’ve never seen explained by someone from Monzo) we don’t see don’t see the Description field in the app (applies to both iOS and Android). This is bonkers to me.
My guess at what’s happening is
When a transaction happens, the reference text is written to a) Description field and b) Notes field. The Notes field is obviously user-editable but I suspect the Description field is read only.
On iOS, the text at the bottom of the transaction page points to the Notes field rather than the Description field (seems silly to me).
My request here would be to show us the description field (original reference) in the app and also don’t bother copying the reference text into the notes field. I feel the notes field should be supplementary information, not duplication of the description field.
