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Can I Control Autosave Amounts?
Can I Control Autosave Amounts?

Controlling how much money you save

Antony avatar
Written by Antony
Updated over 2 years ago

As autosaves are tailored to your own spending habits by an AI, you cannot directly control the exact amount that the save generates as. However, you do have several options:

1) You can adjust your automatic save level by heading to Profile > Savings Plans > Auto-save Settings where you'll see the "AI Save Level" option. With 1 being the lowest and 5 being the highest, here you can select how conservative you want the AI to be when predicting how much you can afford. In short, level 5 will be more ambitious and take higher amounts, whereas 1 will be very cautious and take small saves.

2) When you receive the notification that Chip will move money for you, you have the ability to adjust it by heading to your Savings tab and selecting the save you wish to adjust. You'll see the save in your listed transactions for your selected account in the exact same way you would any other transaction, however prior to 3 pm, you'll also see an "adjust save" button to the right. When you click on this, you can change the save to a custom amount, or cancel it altogether. You will find that if you are frequently adjusting your saves, the AI learns from this for future calculations!

Please note that the save will be charged at 3 pm, meaning any adjustment or cancellation must be done before this.

4) If you do want to control exactly when and how much you save, you might find that our Recurring Save feature is more suited to you. To set up a recurring save just go to Profile > Savings Plans > Recurring Saves. With this type of save, the frequency and amount are predetermined by you! You can find more information about Recurring Saves here.

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