Pots: saving and managing money
Types of Pots
Regular Pots don’t earn interest and are useful for things like bills, holidays, or budgeting
Instant Access Savings Pots can earn variable interest at the rate shown in the app, paid monthly. They have a deposit limit of €100,000 per account. Money is protected by the Irish Deposit Guarantee Scheme up to €100,000 per person. Monzo Bank Europe DAC operates in Spain through its registered Spanish branch.
How to use a Pot
To create a Regular Pot
Go to Home
Tap Create Pot
Follow the steps in the app
To create an Instant Access Savings Pot
You’ll need to have provided your NIF before you can open an Instant Access Savings Pot.
Instant Access Savings Pots may not be available to everyone straight away. We’re rolling them out in stages, starting with Personal accounts before Joint accounts.
Go to Save
Tap Savings
Tap Activate Savings Pot or Create Savings Pot
Follow the steps in the app
To add or withdraw money
Tap the Pot you want to use
Tap Add money or Withdraw
To move money
Go to Home
Tap Move money
Choose where you want the money to go
To close or archive a Pot
Tap the Pot you want to close or archive
Open Settings
Choose the option to close or archive it
