Round Up Savings

No, there are no service charges or fees to be enrolled in the “RUS” program.

Only Pillar Bank debit cards linked to a Pillar Bank checking account are eligible for the “RUS” program.

You can link your Regular Savings account. (IRAs, HSAs, Money Markets, Kids, Christmas and Vacation Club accounts are excluded.)

Yes, you may sign up all of your consumer Pillar Bank checking accounts for this program that have a debit card linked to each checking account.

No, your checks will not be rounded up. “RUS” only applies to debit card purchases on the account you enroll.

The daily transfer will not occur if the amount of the debit exceeds the available balance in your checking account. “RUS” transfers will not incur overdraft fees, nor prompt overdraft protection transfers. Any transfers that do not post due to an insufficient available balance in your checking account should be considered cancelled and will not be debited from your account.

Yes, if there are multiple debit cards associated with your checking account with “RUS”, debit transactions will be rounded up for all cards transacting on the account. “RUS” will not cease if your debit card is replaced, including if you get a different debit card number.

Yes, each time you make a purchase with the debit card the Bank will total the rounded- up amounts for that day. That combined total will be debited from your checking account and credited to your savings account. Only one “RUS” debit will appear on your checking account per business day (Monday–Friday, excluding federal holidays), and it will display as “RUS” on your statement.

Debit card transactions are rounded up and counted toward the transfer once they post and clear the account (transactions in pending status are not). Signature (credit, point of sale) transactions usually take one or two days to post and settle. Not all vendors process same day transactions, so round up transactions may vary based on timing of vendor processing. Once the debit card transactions post, the “RUS” round up amount will be processed the following business day if funds are available.

No, the rounded up amount can only go into one Pillar Bank savings account.

Yes, the round up amount can be deposited into any Pillar Bank savings account as designated by one of the checking account owners.

Yes, canceling today will stop only tomorrow's “RUS” transaction from posting.

Yes, the new checking account will need to be enrolled in “RUS”.

ATM transactions will not be rounded up.

If the checking account enrolled in “RUS” is closed or all accounts receiving “RUS” transfers are closed, your enrollment will be cancelled.

You may cancel “RUS” at any time. You can cancel enrollment by stopping by a branch or contacting us during normal business hours. Once “RUS” is canceled, the round-up feature will be removed, and debit card transactions will post for the exact amount as the transaction