Digital Coin Jar Account Opening Estonia : SEB Bank

Organization : SEB Bank
Facility : Digital Coin Jar Account Opening
Country : Estonia

Website : http://www.seb.ee/eng/savings-and-investments/deposits/digital-coin-jar#overview

Open Digital Coin Jar :

First step to start saving :
** Money accumulates when paying with a debit card
** Signing the contract and using the service is easy
** Digital Coin Jar is free for everyone

Related : SEB Bank Apply for Youth Plan Estonia : www.statusin.org/27625.html

Digital Coin Jar enables those, who so far have not found a way to save, to start doing it now.

At the end of each day, the Digital Coin Jar rounds up your debit card payments to the next full euro and transfers the difference between the rounded and paid sum by next morning from your current account to the savings deposit. This way saving will become easier than ever before.

Digital Coin Jar is a new solution for saving money, which rounds up the card payments to the full euro and transfers the difference between the rounded and paid sum from your current account to the savings deposit.

This way your financial reserves in the savings deposit will start growing in small but consistent amounts. All debit card payments related to your current account, including payments made with the debit card on the Internet will be taken into account.

The basic principle of the Digital Coin Jar is simple :
** If you make a card payment worth e.g. EUR 6.40, then by next morning 60 cents will be transferred to the savings deposit (the difference between the rounded amount of payment and the actual payment amount: 7.00 – 6.40).

** If you make several card payments a day, then the cents on all card payments rounded to the next full euro shall be summed up.
** If the card payment is already in full euros (e.g. EUR 2.00) then the amount shall not be rounded and no transfer shall be made on this transaction.

You can make additional payments to the deposit at any time, both by money transfer as well as in cash. You will get a good overview of all Digital Coin Jar transfers in your Internet Bank.

To start saving with the Digital Coin Jar, take out the contract with just a few clicks in Internet bank or visit your nearest SEB branch.

Transfer is not made in the following cases :
** Reserved payments : When saving money in the savings deposit under the Digital Coin Jar solution, the reserved payments shall not be taken into account. A payment is included on the day when the funds are actually debited from your current account.

** Cancelled transactions : The cents that have already been transferred to the savings deposit shall not be returned to the current account if the card transaction is cancelled.

** There are no funds available in the current account : In this case the transfer to the savings deposit is not postponed and no partial transfer is made.

** Transfers : Internet bank transfers are not taken into account; only debit card payments made in web-stores are included. The list of debit cards can be found from our homepage under debit cards.

** Payment in full euros : Only uneven payments are taken into account. If the card payment is already in full euros then no transfer shall be made on this transaction.