Rounding up card purchases

madlyn

Not sure if this is on the right forum, I was torn between this and the banking one.

I follow the sealed pot challenge on here, and as declaration day gets closer, I've noticed a few people who round up their card purchases through their bank account as part of their way of saving.
I'm with the Nationwide and I'm not sure if they offer this, if not is there an app that can do this?

flaneurs_lobster

madlyn said:

Not sure if this is on the right forum, I was torn between this and the banking one.

I follow the sealed pot challenge on here, and as declaration day gets closer, I've noticed a few people who round up their card purchases through their bank account as part of their way of saving.
I'm with the Nationwide and I'm not sure if they offer this, if not is there an app that can do this?

Seems that Nationwide do have this

https://nationwidedemo.co.uk/en/course/start/impulse-saver-and-round-ups/emulator-impulse-saver-and-round-ups/emulator

GalacticaActual

Yes, as mentioned above, you can activate Impulse Saver via the Nationwide app.

Bear in mind that, at the moment, it is a manual process to round up your debit card purchases once the transaction has cleared your Nationwide account.

This is different from the way other banks process round ups automatically, e.g.:

• Halifax (Save the Change)
• Chase Bank (Round-up Account) and
• NatWest (Round Ups - can also activate a Double Round Up feature, if required).

wmb194

GalacticaActual said:

Yes, as mentioned above, you can activate Impulse Saver via the Nationwide app.

Bear in mind that, at the moment, it is a manual process to round up your debit card purchases once the transaction has cleared your Nationwide account.

This is different from the way other banks process round ups automatically, e.g.:

• Halifax (Save the Change)
• Chase Bank (Round-up Account) and
• NatWest (Round Ups - can also activate a Double Round Up feature, if required).

The nice thing about NatWest and RBS roundups is that you can direct them into their 6% regular savers and they are in addition to the usual £150pm deposit limit.

1spiral

wmb194 said:

GalacticaActual said:

Yes, as mentioned above, you can activate Impulse Saver via the Nationwide app.

Bear in mind that, at the moment, it is a manual process to round up your debit card purchases once the transaction has cleared your Nationwide account.

This is different from the way other banks process round ups automatically, e.g.:

• Halifax (Save the Change)
• Chase Bank (Round-up Account) and
• NatWest (Round Ups - can also activate a Double Round Up feature, if required).

The nice thing about NatWest and RBS roundups is that you can direct them into their 6% regular savers and they are in addition to the usual £150pm deposit limit.

Hello Mr Shopkeeper, can I have a penny chew? Thanks, here's my debit card.

Hello Mr Shopkeeper, can I have a penny chew? Thanks, here's my debit card.

Hello Mr Shopkeeper, can ..................................................................................

madlyn

After going through other forums and posts on here, I have seen Plum mentioned a few times and they seem to offer the rounding up service.
Anyone have any experience with them?
I'm more than happy to use the nationwide App for their roundup service, but it not being an automatically done by them, does put me off a little.

VXman

Chase card do it and put the round up into a separate account that gives 5%