Roundups are a savings tool that's available to all Douugh members.
There was a time when we’d put our small change into a piggy bank and watch the savings grow. These days, round-up bank accounts put the savings on autopilot, including Douugh.
It works like this: each time you make a card purchase using your Douugh checking account card, the amount (over $1) is rounded up to the nearest dollar, with the difference being transferred to your Stash Jar.
So, your round-up is set to the nearest $1. When you use your card to buy a $3.50 cappuccino, a total of $4 will come out of your checking account, with $3.50 going towards the coffee, and the remaining 50c being transferred to your chosen Stash Jar.
The beauty of round-ups is that the sums transferred are small, so you’re less likely to miss the extra cash coming out of your account. As we move towards a cashless society, round-ups provide an effortless way to put our digital small change to work.