Scheduled payments from goals


#1

Many people have requested direct debits from goals which I’m sure is being considered but as an interim solution, could scheduled payments be enabled from goals to our main account? I know that every month a bill comes out on the 5th so I set the money aside on payday and schedule it to be returned to my main balance on the 5th to cover the bill. It can already be done into a goal, why not back the other way? Could also be used to help people budget on a daily/weekly basis by drip feeding funds.

@Kris what are your thoughts?


#2

bunq.com gives you 25 unique IBANs for this purpose, but to be really the best current account I believe Starling should allow us to bind:

  • direct debits
  • standing orders (a.k.a. scheduled payments)
  • merchants

to a chosen ring fenced goal/pot without the need of having subaccounts, and configure or modify this with very simple interactions.


#3

This is something I suggested ages ago and was told it would be put on the internal ideas list.


#4

This is a great idea, and sounds easy to implement, you can already schedule a payment in, so would not be too much of a problem adding a single or multiple scheduled payment out.


#5

Yep - a payment “in” with a negative value :slight_smile:


#6

@Daesimpso could another way to do it be as a temporary goal payment? I want to move £25 from my main account into my bills goal until the 5th of June at which point it moves back into my main account to cover my bill. That way it’s 1 action rather than 2 (1.move from account to goal, 2. Schedule back into main account.) Boomerang payments.

@Kris is this a short term possibility? Seems simple enough in my head but I’m sure there’s probably challenges with it from a technical point of view?


#7

I get paid on the last day of the month and all my Direct Debits are set to go out on 1st. Nice and simple :slight_smile:


#8

some people would say you are losing on interests


#9

I remember some recent talks about IFTTT integration coming very soon but I only found this ancient thread

alternatively you can write your own script using Starling’s public API


#10

Yes, I’ve considered that. The fact that all the funds in my account are available to spend as I please from 2nd outweighs the few pence I would earn in interest. For me anyway :slight_smile:


#11

This seems like the obvious and most simple answer to me!


#12

Not if you have Direct Debits with companies that won’t change the date.

The majority of mine go out on the 1st, but there’s a few that won’t let me change the date.


#13

I’ve played around with the API a bit, and have come up with a roundup script, but I’m waiting for Web hooks to be made available for personal access tokens before getting really stuck in.


#14

Can you send it to the starling Devs? :joy: