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Round It Up FAQ

Q. What do I need to enroll in Round It Up?

A.  To enroll in Round It Up, you will need a Gorham Savings Bank checking account and savings account, as well as a Gorham Savings Bank debit card. If you have all three, you can enroll now   and start saving today.

Q. How often are my round-ups transferred to my savings account?

A.  The round-ups from your debit card purchases are accumulated daily and transferred the next business day from your checking account to your savings account. The total transfer will be displayed as a single transaction on your savings statement. However, if you do not have sufficient available funds in your checking account or if any transaction has overdrawn your checking account, we do not round up purchases posted on that business day and cancel the Round It Up transfer for that day.

Q. How can I keep track of my Round It Up transfers?

A.  You can view your Round It Up transfers in Online Banking or your periodic statements.

Round It Up Example:

Item
Purchased
Price Round It Up Amount Transferred to Savings
Coffee $3.50 $4.00 $0.50
Lunch $10.25 $11.00 $0.75
Groceries $55.49 $56.00 $0.51

Total Transferred to Savings: $1.76