Frequently asked questions
Potzo automatically moves money from your current account into a Monzo pot, based on what you've spent on your credit card - so the money is always set aside before your bill arrives.
The beta is live, but it's invite-only. Leave your email on the homepage and we'll send you an invite. We're letting people in a few at a time so we can fix things properly before the next batch.
We invite a new batch every week. We can't promise a date, but you'll get an email the moment there's a spot - and confirming your email and answering the short question after signup helps us work out who to invite next.
Potzo moves real money on your behalf. Small batches mean we can watch every connection closely, catch problems early, and talk to people properly instead of scaling past our ability to support them.
We connect to your credit card via Open Banking and read your cleared transactions. You connect once and Potzo handles the rest.
Yes. Monzo is the only bank on the pot side for now - Potzo moves money directly into a Monzo pot of your choice. If you don't bank with Monzo, Potzo won't work for you yet.
Most major UK credit cards - Amex, Barclaycard, Capital One and others. If your card is available via Open Banking, Potzo will work with it.
Through Monzo's own developer API, using an access key that you generate yourself and give to Potzo - so you stay in control and can revoke it at any time. Your credit card connects separately via Open Banking. There's a full walkthrough on the Monzo connection page.
No. Potzo is independent and not officially affiliated with Monzo. As we grow, we'll work towards making that official.
At minimum four times a day. We plan to increase this as the service grows.
Yes. We never see your login credentials. Your credit card connects via regulated Open Banking, and your data is encrypted in transit and at rest.
Potzo is free for everyone in the beta. We'll need to charge for it eventually, and we'll announce pricing well before general release - never as a surprise, and never by quietly switching a free account to a paid one.
Please do - that's most of the point of a beta. The best place is our community, where we're active and read everything.