What are Round Ups?
One of the optional features of a Defence Bank Everyday Access, Offset accounts or Pension Saver (eligible accounts) is automatic Round Ups.
Each time you spend with your Defence Bank Visa Debit card, your purchases are rounded to your choice of the nearest dollar, nearest $5 or nearest $10 with the funds transferred to your nominated Defence Bank savings account.
| Purchase amount. | Round up amount. | Amount saved. | |
|---|---|---|---|
| $1.23 | $1 | $0.77 (= $2.00 - $1.23) | Rounds up to nearest $1. |
| $1.23 | $5 | $3.77 (= $5.00 - $1.23) | Rounds up to nearest whole dollar amount that is exactly divisible by 5 (without remainder). |
| $1.23 | $10 | $8.77 (= $10.00 - $1.23) | Rounds up to nearest whole dollar amount that is exactly divisible by 10 (without remainder). |