Monzo/Starling Banking/Revolut

I take it that I have to wait for the direct debits to be taking before setting up a DD pot, as once they're taken the amounts will be populated?
 
ChrisD. said:
I take it that I have to wait for the direct debits to be taking before setting up a DD pot, as once they're taken the amounts will be populated?
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As soon as they appear in the scheduled tab you can select them and point at a pot. They will appear before they come out.
 
LiE said:
As soon as they appear in the scheduled tab you can select them and point at a pot. They will appear before they come out.
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And do I have to manually enter the amount I want in the pot? I guess I'll have to wait for payday to put the amounts in the pot itself.
 
ChrisD. said:
And do I have to manually enter the amount I want in the pot? I guess I'll have to wait for payday to put the amounts in the pot itself.
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Nope, the full amount will be taken from the pot, you just have to make sure there is enough in there otherwise it comes from your main balance.
 
I get the impression that the first couple of months will be a bit of a learning curve while I work out what to put in the bill pot when I get paid. I'm hoping that once the app 'learns' how much each DD is expected to be that it will help me out in that respect.
 
Feek said:
I get the impression that the first couple of months will be a bit of a learning curve while I work out what to put in the bill pot when I get paid. I'm hoping that once the app 'learns' how much each DD is expected to be that it will help me out in that respect.
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It does, the pot will report "left to pay" between the dates you specify as your month. For me it's 24th - 25th as I get paid on the 25th usually.
 
I'll just manually put in what I know will be going out plus a bit more each month. It'll be easy enough to work out looking at the First Direct app for the start of this month.
 
Feek said:
Oh, this is very impressive. I did an online purchase and I got an approval thing come up on the app where I had to approve and then enter my PIN. Love it.
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Feek this is banking of the future for sure. I know people who are now moving away from mainstream banking to be with these new companies. I can see a big downfall of customers for high street banking for sure.

I have opened a monzo and starling and revolut to test the features out on all new apps. I am a fan of monzo for their app progression as it stands.

I love the starling bank card though! :)
 
Switch almost complete, I can see a payment from work for expenses showing as pending and I've not changed my work details yet. Also a pending direct debit is showing as well as the remaining balance from First Direct has been sent over. All very slick and I'm really enjoying the app.
 
ChrisD. said:
Switch almost complete
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Didn't we kick the switch off on the same day? I'm surprised yours didn't complete yesterday as well. I have sent my new bank details through to work so they should have updated their records but even if they haven't, there's a three year period where anything paid to the old account will come through anyway.

mrbell1984 said:
Feek this is banking of the future for sure.
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It really is. I didn't expect that and was very impressed.
 
mrbell1984 said:
EDIT: With Revolut you can now get a metal card like Apple;
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That doesn't interest me in the slightest, I so rarely use the card that it'd just sit in my wallet, bending itself in the shape of my bum.
ChrisD. said:
Pretty sure I did it a day later, it's always been today as the switch date.
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I've looked back in the thread and you posted on the same day as me but at 16:04 so probably too late to start the transfer process that day.
 
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