I’ve said before that I’m not down for Monzo paywalling features with its main app. I stand by that.
I’ve also said that I think it’s a missed opportunity for Monzo to not develop an ecosystem/marketplace of third party tools to extend Monzo functionality.
It’s in the vein of the latter that I suggest this: I’d like Monzo to offer a rules-based financial automation app. Something a bit like Flow. I’d like to do things like:
- Automate transfers to external accounts on receipt of my salary (or other defined value/payee combinations
- Set alerts based on rules (e.g. create a Monzo notification when pot X reaches value y, or if my current account is above/below certain figures.
There will be many more. Think about it as an inbuilt IFTTT, albeit in a separate app. Properly authorised so it can do proper payment stuff that IFTTT can’t.
If Monzo isn’t willing to build something like this (and charge for it) then I’d be happier using something like Flow as part of a Monzo subscription package, knowing that it’s been examined and approved by Monzo.