Social media makes it more difficult than ever to resist the temptation to spend your hard-earned money. Your feed is constantly bombarded with ads, influencers, and your friends’ lifestyles. Finding the motivation to save or knowing where to start can be a challenge, especially when you use your debit card to pay for purchases and aren’t seeing the money leave your wallet as you do with cash.
Honor has a solution called Debit Card Round Up to help you save as you pay with your debit card. Every transaction you make with your Honor debit card gets rounded up to the nearest dollar, and that spare change gets added to an account of your choosing. Many people add that money to a savings account. We highly recommend setting up the transfer to a Money Market Account to earn more interest.
How Debit Card Round Up Works
- Debit Card Round Up is free and available to any member with a checking account and an active debit card.
- With Debit Card Round Up, each debit card transaction is automatically rounded up to the nearest dollar and the change is deposited into an account of your choosing.
- Funds can be deposited into your main savings account, a money market, or create a separate savings account and watch those dimes and nickels add up!
How To Enroll In Debit Card Round Up
Members can enroll in online banking or the mobile app 24/7. You can also call us at 800.442.2800 or stop by any member center.
- Log in to online banking
- In the Member Services menu tab select Debit Card Round Up
- Select the eligible checking account you would like to enroll
- Choose the option “I would like to round up purchases on my debit card for this account”
- Select which savings account you would like the amount to be deposited into and click Update
- Log in to the Honor mobile app
- Tap More on the bottom right
- Scroll down and tap Debit Card Round Up
- Select the eligible checking account you would like to enroll
- Choose the option “I would like to round up purchases on my debit card for this account”
- Select which savings account you would like the amount to be deposited into and click Update
Learn More About Debit Card Round Up
Set a Goal & Watch It Grow
When you put money in a separate account, you will see how quickly that change can add up, and with the right account, it will earn you more in interest. Utilizing a separate account for Debit Card Round Up keeps your funds tucked away, making it less likely for you to spend the money you are trying to save.
The great thing about Money Market accounts is that they are free and have no minimum balance requirements. Honor offers different types of Money Market accounts; choosing the right account depends on your situation.
If you are new at saving and will keep a lower balance, a Surge Money Market account is the best option for you. An Amplify Money Market account would be the best option if you already have a more substantial amount and a more significant savings goal, such as a down payment for a car or home.
We Can Help You Save Money
We’re here to help. If you need help enrolling in Debit Card Round Up, or choosing the best account to put that extra money in, our Contact Center team can be reached by calling or texting 800.442.2800 or you can chat with us at HonorCU.com. You can also stop by a local member center.
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What Is a Money Market Account?
Money markets typically offer better rates than savings accounts, are great for short and long-term savers, and give you the flexibility of unlimited deposits and withdrawals.
