Our Smart Savings feature allows you to contribute towards your debt without Qoins needing to access your transactions. This means you do not need to link your bank account for roundups. Keep in mind, you will still need a linked funding source to use this feature.
Our algorithm will determine how much to contribute each day based on your selected preference level and you can adjust how aggressively to pay off your debt at any time.
Withdrawals for this feature are still pulled out in $5+ increments. Once your Smart Savings contributions have reached a total of $5 or more, a withdrawal will initiate. You will get a notification of the withdrawal being initiated, which will allow you to cancel or reschedule before the cutoff time (5:45 PM EST).
Here's an infographic that explains the preference levels and benefits of Smart Savings!