Your round ups will be transferred into your Blossom account once a week, on Wednesdays. You’ll receive an email from us each week to let you know your round ups are on their way to your Blossom account.
Our minimum transfer amount is $5. If your round ups balance is below $5, we’ll wait until it reaches $5 and then transfer it the following Wednesday.
To de-activate auto-grow, go to Settings > auto-grow and click ‘Delete’ to unlink your bank account. You can re-activate auto-grow at any time in Settings > auto-grow and following the steps to re-link your bank account.
If auto-grow is not for you, you can fund your account using our other payments methods – PayID (instant) or Direct Debit (where you can set up automated recurring payments daily, weekly, fortnightly or monthly).
*Note: Your banking information is used for the purposes of account verification only. Your data is encrypted and stored offsite. We will never share, sell or rent your personal information. Ever.
To activate auto-grow, go to Settings > auto-grow and follow the steps to link your bank account to your Blossom account.
Auto-grow is Blossom Save’s round up functionality, which helps you reach your savings goals with every purchase. Every time you make a purchase with your linked bank account, we round it up to the nearest $1, $2, $5 or $10 – you decide! Let's say you choose to round up your purchases to the next $1. If you spend $4.50 on your morning coffee, we'll set aside your spare $0.50.
Next, you need to decide on your multiplier. You can multiply every round up by 1x, 2x, 3x, 4x, 5x or even 10x if you wish. Then, you keep spending and we keep rounding. Once a week on Wednesday, subject to a $5 minimum, we'll sweep your loose change to your Blossom Save account to help you target 5.95% p.a. returns. How good.
If rounding up to the nearest dollar isn’t enough for you, let your round up sprout by 2, 3, 4, 5 or 10x! This means that the rounded-up amount, say $0.50 left over from your morning coffee, will be multiplied by your chosen multiplier, and transferred into your Blossom account.
e.g. When you buy a coffee for $4.50, your transaction will be rounded up by $0.50. If your multiplier is 2, we’ll round up $1 for you ($0.50 x 2).
No, auto-grow can only be used to top-up your Blossom Save account.
Your round ups will be transferred into your Blossom Save account once a week, on Wednesdays. You’ll receive an email from us each week to let you know your round ups are on their way to your account for Blossom Save.
Our minimum transfer amount is $5. If your auto-grow balance is below $5, we’ll wait until it reaches $5 and then transfer it the following Wednesday.
