We can make the thought of meeting your savings goals easier, with Bank Australia Round UP.
Saving for a holiday? A house? A major life event? Or just for a rainy day? Let Round UP do the hard work of saving for you.
This handy little feature allows you to set-and-forget, to save or pay down your credit card. When you turn on the Bank Australia Round UP feature, you will be able to grow your savings through smaller, more frequent transactions.
How does it work?
As you make a transaction with your Visa debit card, the amount will be rounded to the nearest whole dollar amount, with the round up being credited into your nominated Savings account or Credit Card*.
For example, if you purchased a $3.30 coffee, your purchase will be rounded up to $4.00 with the extra $0.70 going into your savings account. Or link it to your Credit Card* and use Round UP to chip away on your balance owing. Round UP will do all the work for you through smaller, automated transfers.
How do I set it up?
1. Make sure you have an Everyday Access transaction account and a Savings or eligible Credit Card*
2. Log into your Bank Australia app
3. Select Round Ups from the side menu
4. Follow the onscreen instructions and select which accounts you would like to connect your Round Ups to.
You’re in total control, switch it on or off instantly within the Bank Australia App.
Bank Australia is working hard to help our customers manage their money as we continually improve our digital offering. As a customer-owned bank, we believe it’s important to use our customers’ money in responsible ways, creating positive impact for people, their communities and the planet.
Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Please read and consider the Product Disclosure Statement available at bankaust.com.au. Account and access facility conditions of use can be found here.
*Round UP is an optional feature that rounds up eligible Visa debit card transactions to the nearest dollar, and debits the difference to a nominated eligible account. Round UP will only occur when there are sufficient funds in the account to make the Round UP transaction. Eligible accounts include Everyday Access, Pension Access and Basic Access. Your Round UP can be transferred into either Bonus Saver, Online Saver, mySaver or an eligible Bank Australia Credit Card (Low Rate Visa Credit Card, Visa Credit Card and Platinum Rewards Visa Credit Card).