What time/order do scheduled payments happen?

Is there a known time and/or order to scheduled payments? If I want to setup a scheduled transfer from my joint account to a personal savings pot (I don’t think that is allowed atm) and so instead I setup two separate scheduled transfers for the same amount (#1 = Joint Current → Personal Current, #2 = Personal Current → Personal Savings Pot) do I need to schedule #2 the day after #1? The amount is large (£950) so I don’t want to risk #2 happening before #1

Monzo’s processing times operate in an ish basis. So whilst setting them both on the same day could work sometimes, I wouldn’t rely on it, unless your personal account has an overdraft large enough to facilitate the second transfer Incase it triggers before the first.

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In which order would you consider to be most logical? :vulcan_salute:

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It doesn’t matter what’s logical. Monzo processes standing orders and scheduled pot transfers at the same time. 2am GMT. Due to the ish nature, sometimes transfer #1 would be processed first and the chain will go off without a hitch. But sometimes transfer #2 would be initiated first and might fail as a result if there’s not enough funds or an overdraft.

Unless you can facilitate transfer #2 without relying on the funds being there from transfer #1 first, you’ll need to do transfer #2 the day after (or manually move it)

It was an attempt at humour based on his username… I’ll get my coat.

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Ah! Star treck?

I think that’s one thing where I buck the stereotype of my clique. Never watched it, never will. :laughing:

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Gotcha, that makes sense, thanks!

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