Absolutely second that, sounds great!
Apologies for dragging up an old post, but this topic has recently been on my mind. I wonder if there would be any way, once Monzo look at virtual pots of money, to choose one particular āspendingā pot which is assigned to the card? Then the other pots could be kept separate from the card, allowing better budgeting.
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What if Monzo did a card that contained lots of cards in one? http://blog.onlycoin.com
Iād also like virtual accounts.
Coin (the company in your link) have now shut down and so have a similar company Plastc
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Thatās a nice idea, that could also (perhaps more simply?) be solved if Monzo allowed marking a payment as āfor the yearā et al. - such that in some settings it would be ignored, or divided by 12, whatever was appropriate for the desired view.
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We had similar issue with Natwest. We both bank with them and when it came to opening up the joint-account, the process and prodecures were long and drawn out. WE ended up not opening up the account because of the red tape
This is exactly what I need and the reasons I have so many accounts in 3 different banks - Would love to be able to just keep one with even more ways to divide my money!
Like many of the posters on here, Iāve been setting up dozens of virtual e-savings accounts with my current bank and every month laboriously siphoning my budgeted amounts into the āholidayā āfoodā āmortgageā ātv licenceā ācarsā accounts etc. Then most days I need to keep going in to the accounts and balancing them all when money comes out from the main account).
I am very excited about the possibility of only having to set it up one time and letting Monzo do all the siphoning automatically at the end of every month when Iām paid.
Particularly exciting are the ideas for joint accounts and multiple people can contribute to (like housemates for bills), and the option to spend directly from those virtual accounts (like the eating out pot) with the same main Monzo card (perhaps with the push of a button on the app or something to select which fund to pay out of?).
To be honest, making my budgeting life simple is the single most important factor in determining what bank account I go with - all the other Monzo stuff is awesome (including the customer service on twitter, and travel card benefits, awesome looking card, simple app and instant notifications etc), but this manual budgeting nonsense eats 2 hours at the end of each month, plus another hour ish a week trying to keep on top of it all. I hope it will encourage others to get into better budgeting as well - thinking about the long term things like annual car insurance or rainy day funds, rather than just monthly spending targets.
Keep up the good work guys - Iām just adding my voice to the crowd in the hopes that the feature is prioritised a little more over others ideas 
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Can you not at least set up standing orders or automatic transfers between accounts with who you bank with? Thatās lame.
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I think weāll get standing orders when the current accounts launch.
Monzoās a fan of this idea too 
so I expect itās being worked on -
Thatās not what he was asking I believe.
You took the words right out of my mouth!
Has it been decided if youāll be able to have more then one account yet?
So you could have a bill / spending account?
I donāt believe weāll be offering multiple accounts per se, but youāll be able to have sub-accounts, ie a savings pot, a bill pot, etc 
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Is there more info on how this will work?
How many sub accounts could you have?
If you spend all the money in the main account will it then be taken from a sub account? (And if you have more then one which?)
How will a direct debit know to go from your sub account or main account?
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@simonb any more details?
Judging by the fact that this feature is more in the Medium Term (6 - 9 months) list on the roadmap, I doubt that Monzo have decided exactly how this functionality will work at this point unfortunately so watch this space
Iāve moved your post here as thereās lots more discussion about this feature & a few comments from the Monzo team, in this thread.
@tom
Any more info?
Potentially a blocker for some people. I wouldnāt move solely to Monzo without something to separate what needs to be accounted (ie Bills & regular payments) vs money you can spend. Seems quite a fundamental thing to have a solution for from the outsetā¦ either the option of a second account OR a solution to setting money aside from the start of offering a current account.