round2save can be activated in our Mobile Banking App, but not via Internet Banking.
Other helpful FAQs.
round2save will not work on accounts with more than one signatory.
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.
round2save works by rounding up each 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.
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.