Activate Debit Card Round Up
These steps explain how to activate Debit Card Round Up, a service that rounds up a member's debit card purchases to the nearest dollar and deposits the change into a designated account.
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Launch Tool #777 Savings/Checking Products Configuration.
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In the Dividend Application Definition pop-up, choose an account type to which you'd like the service to apply.
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Click Select.
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Check the box labeled 'Offer debit card round up program' on the Share Account Setup screen.
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Click the Debit Card Round Up button at the bottom of the screen.
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Select transactions to be included in the round-up calculation on the Configure Debit Card Round Up screen.
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Click the Select button to choose account types to which you'd like members to be able to transfer their round-up funds.
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Select the desired account type(s) on the Dividend Application Selection pop-up.
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Click Select.
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In the Configure Debit Card Round Up screen, input a transaction description for the round-up transfers.
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In the Configure Debit Card Round Up screen, optionally allow members to enroll in debit card round up online.
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Click Continue.
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In the Comments box on the Member Sales Information screen, input applicable marketing language for the Debit Card Round Up program. (This is what the member s see if you allow them to enroll online.)
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Click the orange Save Changes button below the Comments area.
Note
This service costs the credit union nothing. The round-up amount is withdrawn from the same member account as the purchase itself in a batch transaction posted at the end of the day.
Only checking accounts are eligible for this service.