What are round-ups? How banking apps save your spare change
By SendPay Business · · 2 min read
- 1Your card appears in your app
- 2Tap it to pay in a shop
- 3See every payment as it happens
Round-ups are a savings feature in many banking apps. Each time you pay by card, the app rounds the payment up to the nearest pound and moves the difference, your spare change, into savings.
A simple example
You buy a coffee for £2.60. The app rounds it up to £3.00 and moves 40p into your savings. Spread over many small card payments a month, the spare change can add up to a noticeable sum without you having to decide to save each time.
How it usually works
- You switch round-ups on in the app and choose where the spare change goes.
- Each card payment is rounded up to the next whole pound.
- The spare change is moved, either straight away or in one batch each day or week.
- Some apps let you multiply the round-up, for example two or three times, to save faster.
Try it
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Things to think about
Round-ups come out of your everyday balance, so keep an eye on it if money is tight. Check where the savings go, whether they earn interest, and how easily you can take them back out.
Where SendPay fits
SendPay platforms let you launch branded Visa cards, accounts and transfers under your own name, powered by licensed partners. Ask us what savings features are available for your platform type before you launch.
How it works
Your own money app- 1Name it and pick your colours
- 2Choose what it does
- 3Launch when you are ready
Why sign up
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- 🪪A free business accountOpen it in about a minute with your business name, email, password and mobile. No card and no documents to start.
- 💳Get paid from day oneTake card payments, and share your own payment link and invoices so customers pay in a click.
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SendPay Business is a technology company, not a bank. Accounts, cards and payments are powered by licensed partners.
Questions people ask
How much would round-ups save me?
Paste a week of card payments into our free round-up savings calculator.
Round-up savings calculator →Read next
Spotted a mistake or something out of date? and we'll fix it. How our guides are made
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.