Understanding roundups
If you like the idea of saving or investing but find it hard to put money aside every month, here's a good tip: use roundups to do it automatically, with a small amount you won't miss.
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 Accounts. You can only turn on roundups for one Pot at a time.
Setting up roundups
Regular Pots
Go to your Home screen and select the Regular Pot you want to use.
Scroll down and toggle on Roundup payments.
Savings Pots
Head to your Grow tab and tap Savings.
Select your Savings Pot.
Tap the cog ⚙️ icon in the top right.
Toggle on Roundup payments. Your spare change starts earning interest as soon as it lands in your Savings Pot.
Investment Accounts
Head to your Grow tab.
Tap Auto-Grow.
Select Roundups and follow the instructions to turn them on.
Once turned on, we'll set aside your spare change each time you spend and automatically invest it on your set day each week.
Editing or cancelling roundups
You can change or turn off roundups at any time:
For Regular and Savings Pots: Simply return to the Pot settings and toggle off Roundup payments.
For Investment accounts: Head back to Auto-Grow in your Investments tab to adjust your settings or pause roundups.
