How do you pay and save at the same time?
It's simple - use your & Transaction Account to pay in store or online and round up your everyday purchases to the nearest dollar, and the difference will be automatically saved into your P&N Bank savings account.
Sound easy?
Pay & Save is the digital equivalent of tossing your loose coins in a jar. It soon adds up because every time you pay, you save!
You'll be on your way to buying that new pair of shoes, a weekend away, a new pair of sunglasses or sporting equipment in no time at all.
Let’s look at one typical day’s spending:
| You buy | It costs | Round up | You save |
| Coffee | $4.50 | $5.00 | $0.50 |
| Lunch | $12.10 | $13.00 | $0.90 |
| Fuel | $45.60 | $46.00 | $0.40 |
| Movie tickets | $23.30 | $24.00 | $0.70 |
| Total transferred to a P&N savings account | $2.50 | ||
Just think about what you might save in a week, a month, a year!
Is Pay&Save for me?
Pay&Save is for you if you're someone who struggles to get into the habit of saving money - it's automatic, convenient, and you'll likely even forget about it until you see the difference it has made to your P&N savings account.
It's also great if you are already good at budgeting and saving, as it gives you another opportunity to save even more money - creating a bonus that you can spend on something to reward yourself.
How does it work?
Once you've set up Pay&Save, simply use your & Transaction Visa debit card for your everyday purchases to start saving.
A few things to note:
- Eligible savings accounts include SwiftSaver, Hi Saver, Cash Saver, Donation Saver and Way Cool Saver account.
- You can direct your savings into another P&N member's account – for example, a parent can have the rounded amount transferred to a son or daughter’s savings account.
- The round up will only occur if there is an available balance at the end of the day.
- Pay&Save is not available on two-to-sign accounts.