START SAVING UP!
Steps are saving rules that are applied to your spending. The more people start using Oval, and the more you interact with the app, the smarter our suggested Steps will become!
How do you set-up Steps?
Easy, there are 3 types of Steps that allow you to set money aside in your personal secure digital savings account:
1.SAVE BASED ON YOUR SPENDING HABITS
If you’d like to save 50p every time you purchase a posh coffee, or 3% of your gym membership, just set a Step, Oval will take care of the rest!
Here are the three Steps you can set on your transactions:
a. Round-Up: Rounds-up the price of your purchases and sets aside the difference, making it possible to look after pennies so the pounds can look after themselves, as your grandmother used to say.
b. Percentage: Calculates a percentage of what you spend in a chosen category and sets it aside.
c. Fixed Amount: Takes a fixed amount every time you spend in a chosen category and sets it aside.
2.SAVE BASED ON YOUR SOCIAL MEDIA HABITS
Oval is unveiling a new set of Steps based on APIs from leading social networks.
Beginning with Facebook, Oval will be launching new integrations that allow you to link your savings activity to your social media activity. By activating the new Steps, you will be able to save a chosen amount based on your activity on Facebook.
3.SAVE ON A RECURRING BASIS
Oval is designed to create the best saving experience for EVERYONE. If you'd rather have a simple fixed recurring saving plan, then there's a Step for you too. Activate the Recurring Top-Up Step, set how much you'd like to save every week, then sit back and see your savings grow.
For any further information about Oval Money please visit our Faq section