round2save can be activated in our Mobile Banking App, but not via Internet Banking.
round2save works by rounding up each ViSA Debit card transaction¹ you make on your nominated transaction account² to the nearest whole dollar, and transferring the rounded up amount to your nominated savings account.
For example, if you were to use your card to purchase an item for $23.54, then 46 cents would be automatically transferred to your nominated savings account once the transaction has cleared³
Set and forget.
Simply enable round2save, sit back and watch your savings grow!
Make achieving short term savings goals easier, such as an end of month takeout night!
Improve your savings habits with minimal effort.
Getting started is easy.
Select a transaction account² that you would like to enable round2save on.
Select a savings account that you would like to deposit your round2save earnings in.
Start transacting using your VISA Debit card¹ and watch your savings grow!
How does it work?
Spending money to save money sound too good to be true? With round2save it's as easy as transacting on your Visa Debit card¹. Each purchase you make is rounded to the nearest whole dollar, and the round2save amount is transferred to your nominated savings account.
Check out the table example below to see what a regular day worth of spending and saving could look like:
|Visa Debit card purchase||Rounded up purchase amount||Amount transferred to your nominated savings account.|
round2save will not work on accounts with more than one signatory.
The following transaction types will not round2save:
- BPAY® Payments
- Fee transactions
- Transfers between accounts
- Osko Payments.
Any cash withdrawals via ATM (including international ATM cash withdrawals) are subject to round2save rounding up, should the final transaction value not be a round figure. For example, if you were to withdraw money from an ATM overseas, due to the exchange rate it is likely that the transaction amount would not be a round figure, in which case the round2save amount would be transferred to your nominated savings account.
Accounts available for the origin (transaction) account include:
- Purple Transactor
- Access Savings Account
- BU Account.
Accounts preferred for the landing (savings) account include:
- Bonus Saver Account
- monEsaver Internet Savings Account
- Community Reward Account.
Still have questions?
For full terms, conditions, fees, charges and eligibility criteria apply, please review our Financial Services Guide, Product Guide and Fees and Charges Guide. These guides are available here and will be provided at the time of acquiring the product or upon request.
This information has been provided without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider its appropriateness, having regard to your objectives, financial situation and needs.
*Canstar’s Customer Owned Institution of the Year for Mobile & Online Banking 2016-2018.
¹Only available on eligible Visa Debit card transactions, including point-of-sale and online purchases. round2save does not apply to Osko payments, BPAY or Direct Debit transactions.
²Only available on eligible transaction accounts.
³The transferred round2save amount may take up to 5 business days to appear in your savings account due to VISA pending transactions.