This is one of the features that would make me instantly switch to monzo as my full time bank
so with my current bank this is how this solution works
I set a date when my incomes come into my account
I set the dates for standing orders & DDs that will go OUT of my account.
The bank then essentially ‘splits’ my income into 2 pots - one called card and another called bills - the ‘bills’ account or pot has enough money in it to cover all of the expected Standing Orders or DD’s until my next income date, the card amount is the disposable income i have and can use knowing my bills are all covered…
it would be great if the way the bills where organised ensured that the money was ‘reserved’ to cover that expense and we can report on it
I think the idea of rules or even a generic rule of ’ cover all expenses in the next months of £x’ could work out as a real amazing solution to the mess of having multiple bank accounts to seperate bills, DD’s, SO’s and more
Somehow having rules which would seperate money out would be ideal for other idea’s too like budgeting for allowance on a night out, what you can spend online, saving for a rainy day and more