This is how the rounding method works in which the bank converts your cents into money

The mid-morning coffee, the loaf of bread or that last minute purchase that you pay with a card, because you no longer have coins on you… small purchases that often add expenses to our monthly mountain and that now, could become your ally for savings.

Imagine that every penny that seems to disappear could be accumulated silently, without effort or sacrifice, turning your daily habits into a resource that works in your favor. The surprising thing is that There is a method that allows exactly that, and it is available to your bank.

This is the rounding option, a system that automatically converts small amounts of your daily purchases into savings, without you having to do anything extra. Each one-time expense leaves behind a small amount that accumulates little by little, creating a financial cushion that grows without you barely noticing it.

How does rounding work?

The idea of ​​rounding is very simple; every time you make a purchase with your card associated with your account, The bank adjusts the amount to the next whole number and the difference is automatically deposited into a savings account. Thus, without you having to do anything extra, those pennies that seemed insignificant begin to add up. It is a way of saving that works on autopilot, turning your daily expenses into a kind of invisible piggy bank.

For example, if you buy a coffee for €1.85, the bank rounds the amount to €2 and The remaining €0.15 is transferred directly to your savings account. A purchase of €13.45 would be rounded up to €14, saving €0.55. After weeks, those small amounts that seem irrelevant can add up to non-negligible amounts, and all without changing consumer habits.

Several banks in Spain already offer this functionality; BBVA, for example, allows you to activate the rounding option in its app within the ‘Program your Account’, sending the cents to a second savings account or even to investment products. Banco Santander has its ‘Santander Piggy Bank’, where you can personalize the destination of those small savings.

Abanca, with its ‘Cuenta Calderilla’, also rounds purchases to the nearest multiple of 5 and transfers the leftover euros to an automatic savings account. Even neobanks like N26 and fintechs like Revolut offer similar services, sending the difference from your purchases to savings spaces within their apps.