How to Save Money Using Chime Round-Up Savings !
0Chime’s Round Up Savings feature is an excellent way to automate and grow your savings effortlessly. Here’s how it works and how you can take full advantage of it:
When you enroll in Chime's Round Up Savings, every purchase you make with your Chime debit card is automatically rounded up to the nearest dollar. The difference between the purchase price and the rounded amount is transferred directly into your Chime Savings Account. Over time, these small contributions add up significantly, helping you save without even thinking about it.
Additionally, if you set up direct deposit with Chime and receive deposits of $100 or more, Chime automatically transfers 10% of your paycheck into your savings account. This is a fantastic way to build your savings steadily while also maintaining control over your primary spending account.
Steps to enable and use Chime’s Round Up Savings:
1. Open a Chime Savings Account.
2. Log in to the Chime mobile app and navigate to the Savings section.
3. Enroll in the Round Up Savings feature.
4. Start using your Chime debit card for purchases and bills, letting the system do the rest.
For the 10% automatic transfer:
1. Ensure you’ve set up direct deposit with Chime.
2. Check that your paycheck or deposit amount meets the $100 threshold.
Timestamps:
0:00 Introduction to Chime’s Round Up Savings
0:10 Overview of Round Up Savings benefits
0:20 How to activate the feature in the Chime app
0:30 Automatic savings through direct deposit
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