What are round-ups?
Round-ups help give your Sharesies Wallet a boost by automatically setting money aside when you spend from your linked bank accounts.
Round-ups are designed to:
fund your investing goals with your everyday spending
give your Wallet a regular boost from your bank
By linking your bank, Sharesies can quickly and securely send round-ups to your Wallet automatically.
How do round-ups work?
Each time you spend from the bank accounts you’d like to track, the difference up to the nearest dollar is noted in cents—like the 88¢ from your groceries, or the 50¢ from your coffee.
We’ll keep track of all those rounded-up amounts, and once they add up to an amount you nominate, they’ll automatically be sent to your Wallet as a single top-up.
You choose which accounts to track for round-ups—like your day-to-day spending accounts or credit cards—and which account you want to transfer the round-up from.
How to turn on round-ups
Open the Sharesies app, go to Explore > Round-ups, and follow the prompts.
Link your bank, and choose which accounts to track—these can be transaction and credit accounts.
Choose which account the round-up total will be sent from.
Select your round-ups tally amount (from $5 to $50)—this will be the sum your round-ups need to reach before they’re direct-debited from your source bank account into your Sharesies Wallet.
Once round-ups are on, each time you spend from the accounts you choose, your tally will grow.
When your round-up total is reached, your round-ups will be deposited into your Wallet automatically from your source bank account.
You can edit or turn off round-ups at any time.