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.

How 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 “Roundup 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 “Roundup payments”. Roundups start earning interest as soon as they land in your Savings Pot.

Investment Accounts

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

Open the investment account and select the fund you’d like to invest your roundups in and tap “Turn on roundups”. Once you turn roundups on for your investment account, each time you spend, we’ll round up the spare change to the nearest pound, setting it aside in your account. Then we'll invest it on a set day each week.