New feature: Payday Put Away

What's new?
April 16, 2020

Liam

Product Designer

Before you get caught up in the excitement of your pay hitting your account and impulsively order a Joe Exotic costume online, let us introduce you to the concept of ‘paying yourself first’. 


Welcoming: Payday Put Away. 

Put simply, the Payday Put Away feature that allows Chip to automatically move a custom amount of money aside on your specific payday each month. 

Enabling Paydayay Put Away (a) removes the pain of seeing your money leave your spending account; (b) means the spare money won’t be accessible for you to spend it come payday and; (c) is a way to save more when you can afford it most. 

How it works

Set the day you get paid.

Choose from the last Friday of the month; last day of the month; or select a custom date. It's pretty self-explanatory, really.

Choose the amount.

You can change this any time, so if you felt last month was too much or too little, just tap ‘change Payday Put Away’ in your app.

We even show you your 12 month save projection if you stick with this amount each payday for an entire year. 

Give yourself a handshake because you’re officially a responsible grown up now. 

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