Transactional pot

Hi, I like to separate my ‘spending money’ from my money to pay for overheads (mortgage, council tax, utilities etc.) so I don’t overspend.

To do this I use Monzo for spending money and a current account with another bank for overheads, which is a bit clunky.

I know it goes against the grain of Monzo’s pots, but could you consider a transactional pot which allows direct debits and standing orders to be taken straight from this pot?

1 Like

I think this is being worked on as I type. I’m not Monzo so can’t guarantee it, or give any time estimates, but I know it’s on their radar. Monzo calls it Committed Pots, I think.

:soon:

2 Likes

I agree. As far as I know this is in active development.

2 Likes

Mentioned here as being in progress

https://community.monzo.com/t/product-development-comms-are-a-bit-quiet-recently/47421/6?u=james_hatts

1 Like