Understanding roundups

If you like the idea of saving or investing money but find it tricky, here's a good trick: make it happen automatically, with a small amount that won’t be missed, so you don't have to think about it.

One way to do this is with roundups. Let’s say you buy something using Monzo, like a £2.75 coffee. We’ll take an extra 25p from your account (rounding up your spend to the nearest pound) and add it to the Pot where you’ve turned on roundups.

It's like magic! You can turn on roundups when you make a new Pot or turn it on for one you already have. They work with regular Pots, Savings Pots, and Investment Pots. You can only turn on roundups for one Pot at a time.

Where to turn on roundups for your Pots

Regular Pots

Choose the Pot you want to turn roundups on for. If you don't have a Pot yet, you can create one by tapping “Create a Pot” on your home screen. Open the Pot and use the toggle to switch on “Round up payments”.

Savings Pots

Scroll down to the Savings & Investments section on your home page, and open the Savings Pot you’d like to use for roundups. If you don’t have one yet, you can create one by tapping “Start Saving” on your home page. Once you’ve opened your Savings Pot, use the cog icon in the top right corner to go to settings and use the toggle to switch on “Round up payments”.

Investment Pots

Scroll down to the Savings & Investments section on your home page, and open the Investment Pot you’d like to use for roundups. If you don’t have one yet, you can create one by tapping “Start Investing”. Open the Investments Pot and tap “Turn on round ups”.