👉Did you know? On average, a money pot is spent one month after its creation!
An online money pot is not intended to host funds for an indefinite period. Mangopay, the payment provider we work with, allows users to hold funds for up to 10 months free of charge.
Beyond that, from the 11th month, account maintenance fees apply to pots that have not been fully spent.
ℹ️ Implementation from November 1, 2023 for all future and ongoing pots. |
❔ How does it work?
If you spend your money pot before the end of the 10th month following its creation: the usual commission covering the service costs is deducted during the expenditure (see Our fees), without any account maintenance fees.
During the 11th month: if there are funds left in the money pot, the payment provider will take 10% of the available balance.
📧 A notification will be sent to you by e-mail, one month before the direct debit. |
From the 12th month: the payment provider will charge an account maintenance fee of 5 euros per month - at the beginning of the month - and until the money pot is fully spent.
Example: Your money pot was created on April 10, 2023 and has not been spent:
- February 10, 2024: receipt of the direct debit notification inviting you to proceed with the expenditure.
- March 10, 2024: 10% of the total amount of the money pot will be deducted if you have still not made the expenditure.
- April 10, 2024 then May 10, June 10, etc: deduction of €5 each month if the amount of the money pot allows it and until it runs out.
| 🎯 Once the transfer has been made, remember to close your moneypot to prevent new entries from being added. See Close my money pot. |
| 📧 A remark or questions? Do not hesitate to contact us here. |