It Makes Cents!

Frequently Asked Questions

How, exactly, does the transfer/math work?

Here's an example:

Joe makes the purchases shown (in the table below) on a single day.

Each transaction is rounded up to the nearest $1.00.

These rounded up amounts are added together, resulting in a total of $2.25. $2.25 is automatically transferred from Joe's checking account to his savings account.

Item	Cost	Round-up Amount
Coffee	$1.49	$0.51
Gas	$32.18	$0.82
Candy	$2.97	$0.03
Game Ticket	$63.11	$0.89
	Total	$2.25

Will this round-up all of my debit card transactions, no matter if they are PIN or signature-based?

Yes.

May I round-up to an amount greater than the nearest dollar?

Yes. You may choose to round-up your transactions to any even dollar increment up to $10.

Can a person round their change into any individual's savings account? ex) Can a grandparent round their change to their grandchild's account?

Yes. Signed authorization is required from the owner of the account where the transfers are directed to be deposited.

Can I deposit my rounded-up transactions to a savings account at another bank?

No. All accounts must be with CNB.

Some small businesses don't "settle" their card transactions daily. How will this affect the round-up?

The round up transactions occur each day after your card transactions have posted to your account. A card transaction posts to your account when the business settles their transactions. All businesses have 30 days to settle their transactions, so your card transactions do not always post to your account the same day you swipe your card.

What if I don't have enough money in my account during the transaction?

The debit card transaction will post the same as always. The rounded-up portion will not take place. If there are pre-authorizations that have thrown the account into the negative, then those transactions will not round up.

Can I round-up my change into another checking account?

Yes, as long as the checking account is at Central National Bank.

Are business accounts eligible?

Yes. Both personal and business accounts are eligible.

Does Central National Bank offer a savings match program?

Yes! The bank will match 5% of your rounded up savings total, up to $50 per statement cycle.

I'd like to try this for a few weeks, but what if I decide it's not for me?

You can be removed from the program easily by contacting your local branch.