Digital banking startup Revolut has launched a tool, called Vaults, that lets users round up and save the spare change from their everyday purchases.
Revolut, which is used for over 15 million transactions every month, says that users can save in any of the 25 currencies it supports, as well as Bitcoin, Litecoin and Ether.
One-off or regular payments can also be added to a Vault at any time and if users feel like saving more or less at any point, the settings can be easily adjusted in the Revolut app. Money in the Vault can be withdrawn instantly at any point.
Nikolay Storonsky, CEO, Revolut, says: "We’ve had thousands of people in our community asking for this feature, so we wanted to give something back and ask for their help in naming it. We believe that Vaults will enable us to help many more people start saving and investing towards their future."