You asked and we listened – we’re pleased to announce the arrival of our latest feature, Recurring Payments!
Recurring Payments are what our UK customers would call ‘Standing Orders’. It’s a handy way of setting up regular payments, of fixed amounts, to friends, family or service providers. They differ from Direct Debits (which are already available for our UK customers) – those allow you authorise an organisation to collect money directly from your account whenever a payment is due, and they can vary in frequency and amount.
Recurring payments are now available to all Monese customers with either UK or European accounts, regardless of pricing tier, and they’re completely free of charge!
If you want to set up a recurring payment, simply head over to the ‘Pay’ section as you normally would. Once you’ve selected your payee and the amount, you’ll see a new option to set up a recurring payment (or ‘standing order’, depending on where you are). If you flip the switch, you can select the date you want to make the first payment on, and the frequency you want it to go out at.
You’ll also naturally be able to manage or cancel these at any time, and you’ll get an email confirmation about any such changes.
We think you should have as much oversight on your outgoings as possible, which is why we’ve integrated notifications too! So to help you make sure you keep your regular payments… well, regular, we’ll give you a heads-up in due course.
And if a payment does fail for whatever reason, we’ll also alert you to this and give you the chance to try again, straight from your transactions feed.
We think that recurring payments will enable you to better control your finances, and we’re really excited to see how you will use it. It’s now available for all personal and business accounts, across the UK and Europe – just make sure you’ve downloaded the latest version of our app!
The best way to keep control of your finances is to know where and when you’re spending
Introducing an easy, quick and secure way to pay with your iPhone, available for all Monese personal cards in selected countries.
Gone are the days when it felt like you were nagging people to pay you back, thanks to our new simple and friendly system.