Bank smarter and keep your Finances on track

Managing money is much easier when your bank gives you the right tools.
Some UK banks now offer built-in budgeting features such as spending breakdowns, instant notifications, savings pots, and automated tracking. These tools can help you stay in control of your finances without needing extra apps.

Budget-friendly banks usually offer:

Instant spending alerts every time you use your card
Category tracking so you can see where your money goes
Savings pots/spaces that let you separate money for bills or goals
Bill prediction tools to avoid overspending
Spending limits to help manage certain categories
These features don’t make budgeting effortless, but they can make it much simpler to stay on track.

Monzo

Monzo Bank
Budgeting & Sinking Funds Features
Key strengths:

Pots: Monzo allows you to create separate “Pots” for different savings goals.
These act like virtual envelopes. You can put money aside for holidays, emergency funds, bills, etc.
This helps avoid mixing up what’s for bills vs spending.  

Round-ups & Spare Change Saving: You can round up your card purchases to the nearest pound and move the extra into a Pot.
A useful way of saving small amounts without remembering it.  

Budgeting / Spending Categories: Transactions are automatically categorised (Groceries, Bills, Shopping, etc.).
You can set spending limits per category, get alerts when you’re near your limits, and view monthly spending summaries/trends.  

Salary Sorter (for “Extra” / paid version features): When your pay arrives, Monzo can help you automatically split that income into Pots
(bills, savings, spending) so your budget is organised from payday.  

Custom Categories & Analytics (Paid Tiers): With Monzo Plus / Extra / Premium, you get more control: custom categories, extra insights, more flexibility in how detailed you can get.  

Sign Up Here and get up to £50 welcome bonus.
Simply click the link and enter your mobile number in the web address and this will prompt the download.
Monzo will then put £10, £20 or £50 in both our accounts so we also receive a bonus that helps keep the site running.

Chase UK

Chase UK
Budgeting & Sinking Funds Features
Key strengths:

Round-ups with interest: Chase has a “round-up account” where your spare change (round-up from each purchase) is moved and you even get 5% AER interest on those round-ups. Nice way of passive saving.  

Saver account with interest: Their savings account offers an interest rate (AER) letting you save with returns.  

Multiple current account “sub-accounts” or “pots” / separate accounts in the app: You can open additional current accounts fairly easily to separate money for specific goals, bills, or savings.
This helps replicate “sinking fund” style saving by keeping money allocated in different places.  

Good budgeting overview & spending tracking: The Chase app offers features to help you track your spending, manage a budget, keep an eye on finances and spending in categories via the app.  

disclaimer

This page is for general information only and is not financial advice. We do not recommend or rank banks as “the best.” Features, fees, and eligibility rules may change, so always check the provider’s official website before opening an account. Some links on this page may provide us with a small commission at no cost to you