Hi, is there a document explaining the "Round up" account?
05-08-21, 20:22ErHa*Query* Round up account
@ErHa Hey there, thanks for your your message. I've attached a link below which outlines more about Clubcard Pay+ and the Round Up feature. I hope this helps.
Clubcard Pay - Round-up Savings & Earn Points - Tesco Bank
Thank you. But I still wonder, why it is called "round up"? I mean, we already have a "clubcard pay+", why we need this "round up"?
@ErHa It essentially rounds up your purchases to the nearest pound, with the change then saved in a dedicated savings account for you. This can be turned off on the app should you not wish to use this feature. However, I've passed your comments on as feedback to the Customer Insight Team. We appreciate you getting in touch :)
@ChristopherP thank you, could you please make an example?
@ErHa Of course. For example, if you made a transaction to the value of £1.75 then 0.25p would be moved to the dedicated round up account as it's to the nearest pound.
@Tesco-Bank thanks, does it mean, the Round up account is to help me develop the habit to save money, i.e. save small amount of money for every transaction?
@ErHa I wouldn't say that we are deliberately trying to change habits and this is just a feature if the account. However, if you think it will help with this, then that is great news.
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