The Monzo Extraordinary Ideas Board!

(Tony) #23

From what I remember from my studies minors are unable to make a valid contract for other than necessities. That’s why there are a limited number of banking services for under 18s and certainly no credit cards or loans.

That’s unless the law has changed recently?

(James Billingham) #24

That’s correct. So it just means that if you give them any line of credit, you won’t be able to pursue them for the money.

As Monzo is almost 100% online transactions, there is relatively little risk involved.

(Mike Fuller) #25

@Birddog They can still have bank accounts with debit cards, exactly the service Monzo offers. The realtime functionality means that Monzo would be ideal in preventing overdrafts. You can also grant minors credit. The contract just wouldn’t be enforceable though!

(Alex Sherwood) #26

Just a quick heads up - it’s probably better to post any new ideas in a dedicated topic, rather than replying to this post.

That’ll make it much easier for other users to find the idea, lend their support, discuss it etc. & help avoid the same idea being posted several times.

There’s a good chance that your idea will be lost in a very long thread, if ideas keep being posted here :grimacing:

It’s worth searching for an existing topic that covers your idea too. There’s quite a few suggestions that’ve been posted here which have their own topics already…

(Alex) #27

@tristan How about integration with Quidco for online purchases, so that you automatically get cashback from purchases without having to go through Quidco? Other banks are offering cashback scheme, mostly for household bills, so this would be a nice competitive move… :wink:

(Alex Sherwood) #28

I expect this is the sort of integration that Monzo will enable companies like Quidco to establish themselves, through Monzo’s open API.

The API’s not ready yet but once it is, Monzo hopefully wouldn’t need to work with Quidco or a 3rd party developer, to get them set up.

You can keep an eye on the progress that Monzo’s making with the development of the API here -

Tom shares some examples of integrations that could be / have been built using Monzo’s API in this talk -

And there’s lots, which you can adopt, listed here.

(Clara) #29

Not sure if this has already been mentioned, but I find the categories quite restricting. It would be great if they could 1) be expanded on to include this like grooming, drinking etc and 2)you could add your own categories and assign retailers to these categories so the cost is automatically recognised under the right heading.

Thanks !

(Oliver) #30

Please make it (or have the option) that any transaction in the expenses category does not contribute towards your spending for that month. I had to buy something on behalf of someone which was quite expensive, then they paid me back. Now it looks like I massively overspent for the month which is not true. Thanks a lot! :slight_smile:

(Sara Telahoun) #31

I have an extraordinary idea! (I think)

Wouldn’t it be great if I could easily see how much each Monzonaut within a specified group of friends had spent on various transactions after a night out together / weekend away, and then easily calculate how much each person is owed and by who?

Don’t know if this has already been mentioned, but its a common annoyance trying to work out who owes who how much, and more complex than just the Uber-style fare share because of multiple different transactions. Thanks! :smile:


We could reward Monzo ‘ambassadors’ when more than 5 golden tickets have been used :grin:

(Alex Sherwood) #33

Right now there’s 16 dedicated topics with this request so Monzo’s definitely aware of this :slight_smile: :mega:

This was the first post -

if you add any other suggestions there (for the reasons I mentioned in the post you recently liked ;))

The categories are going to be reviewed (& I expect more will be added) :soon:

(Alex Sherwood) #34

This is in the works :thumbsup:

(Alex Sherwood) #35

That’s a great idea, it sounds like a combination of this idea -

& the bill splitting feature that’s on the way -

here’s a preview of version 0 of bill splitting -

(Alex Sherwood) #36

That sounds good to me :wink:

How would you like to be rewarded?

(Simeran Bachra) #37

I have an idea!

It would be great if Monzo was also linked to an airmiles system like Avios for example. So everytime you used your Monzo card you were also collecting airmiles!

This would probably be a huge bonus to your target audience, who I am assuming are people their 20s who are also more likely spending money on travelling as well!


(Rika Raybould) #38

Putting forward the concept of being able to easily be a good person and report a found card with an optional message to the owner for inclusion on the extraordinary ideas board!

(Stuart Ward) #39

You have the data on my past transactions. Now tell me how much I will have left at the end of the month. Or at this rate you will have spent this much by the end of the week.

Especially useful when on holiday when your spending pattern is very different.

Tell me if I am spending too much or am I OK.

(Alex Sherwood) #40

This is sort of covered by the Pulse Graph which displays a forecast for your balance & when it will hit 0 -

that feature’s on it’s way for Android users, according to the roadmap.

But I it would be nice to see figures too, perhaps that will be built into the next update of this feature too :crystal_ball:

This bit’s covered by Target’s alerts (also on the roadmap for Android) -

(Mark) #41


Okay, I have some ideas which I thunk wold be really helpful!

  1. Online portal, so I can see what I see on my phone on my computer.

  2. Transfer money out of monzo. So say I top it up £50 every week, at the end of the week, the remainder of the initial top up is transferred to either a separate account or back to my bank account.

  3. Split items. So, if I’m buying something on Monzo, and want to split it, have a button on the transaction, where I can send a link, and when the person pays the specified amount, it comes off my spending total - so only my share of the payment is counted on in my monthly spending report.

(Alex Sherwood) #42

Naji’s just added some new ideas to the board :champagne:

And also added