Save The Change 2


(Sven) #1

Hi,

Received my card and very pleased so far. When you become a licensed bank and offer savings etc I wanted to raise the following.

1 Sweep

Option of an end of month sweep to savings account. ie when you want (normally when your new pay cheque comes in) it would be good if there was a simple sweep button that allows ppl to save any remaining cash in their account so that you start each month with the exact same opening balance.

ie on 30th you have £54 in your account and the following day your salary pays in 1000 - your account would automotically sweep £54 to a savings assount / isa.

2 Round up

round up any items to nearest 50 pence or 1 pound and again save - ie if you buy an item for £1.73 your account will be charged £2.00 - with 27 pence going to your savings…


Save The Change 1
#2

The round up feature has been discussed and is definitely something i would also like.

I really like the sweep idea too.


(Tristan Thomas) #3

Thanks @Sven, both of those would be awesome :slight_smile: @hugo and @zancler are looking at budgeting designs v. soon and I imagine this’ll be really helpful!


(Zain Jetha) #4

Sweeping excess into Savings/ISA would be absolutely amazing.


#5

Love this - would definitely use it!


(Liam Murray) #6

I love my Mondo card & will keep using but worth pointing out that many existing banks have those Sweep & Roundup functions (First Direct certainly do).

I think Mondo will need to have these sorts of options as a minimum when they get the licence and then look to offer other features that traditional banks just don’t…


(Tom ) #7

Continued here: Save The Change 1