Round Ups

How do round ups work?

Once you connect a bank account for round ups your recent transactions will show in the Moneybox app in This Week > Round ups. You can then swipe on each transaction to add the spare change to your ‘Saved this week’ total (or, if automatic round ups are enabled, your transactions will be rounded up and the difference added after 48 hours). You can change your round up settings any time in Settings > Round ups.

Your Saved this week total, which is made up of all of your round ups for that week, plus any other deposits you have set up, is ‘collected’ from your Moneybox on Wednesday at around midday, and this amount is then debited from your bank account early the following week. As such, round ups aren’t ‘live’ deductions, but are pooled over the course of the week and debited from your bank account in one go.

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It's important you know

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest.

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