This may not be something others are interested in but I thought I’d throw it out there as I find the concept interesting.
This app/platform/whatever-it-is ‘Acorns’ rounds all your purchases up to the nearest $ and invests the change in a diversified portfolio.
What if Mondo allowed users to do this, but put the change into a separate savings account? Unsure how significant the savings would add up to be, but could maybe get you flights somewhere fun after a few months?
This would be a brilliant feature.
I tend to round up transactions manually myself at the moment with my regular account and do lots of little manual transfers.
An automated process would be a great addition
I’d definitely use this. I’d heard of Acorns but didn’t know UK banks did it. I’d also like the ability to add an extra amount, like change+50p for every transaction, to get the savings moving faster. At the moment I throw all my coins in a jar at the end of the day to save for flights, which obviously can be more than rounding up when you’ve split a note for something small, so being able to compensate with a larger amount per transaction would be great.