Let's say you have to pay $1.79 for a cup of coffee and you choose to pay with your card. What if there will be an app between you and the card, that will round up the value of that transaction to $2, and put the remaining $0.21 in a special savings account? It's like saving without even bothering about it.

That's exactly what Revolut launched today. In an email to their card holders it announced "Vault" a service which rounds up the value of any transaction and puts the remaining in a special savings account. Here's what they said about it:

Vaults are the easiest, fastest way to save for your financial goals. Whether you choose to round up every transaction, set up a recurring payment or simply make one-off contributions, you’ll be able to set up a Vault in seconds and immediately start saving.

As you can see, there are three ways in which you can use Vault: rounding transactions, setting up a recurring payment (like a normal savings strategy) or making a one-ff payment.

Revolut become relatively popular a few months ago, when it introduced the ability to buy Crypto from within the app, but the commissions and prices are still a bit too high (at least in my opinion).

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

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