Got a dream? Well, give that dream a name and plant that seed by dragging some money into it.

On the home screen drag the balance bubble down to any of the Saving bubbles. To create a saving, you will be asked to name your saving, such as “New bicycle” or “Trip to the Bahamas” and enter the target amount that you are planning to save. Then enter an initial amount you would like to add to your saving.

Once the saving has been created, tapping on the bubble will expand it and additional information will become visible. Saving bubbles can also be edited. To add additional funds to a saving that has been already created drag from the balance bubble towards the saving bubble. To release money from the created saving, move the small bubble towards the balance bubble. You can choose whether you would like to release the whole amount or use only a part of the saving.

Money put aside is reserved for a special purpose, apart from everyday spendings. You cannot make payments form your savings, first you have to release some money to your balance bubble to use it. As there is no separate account for the saving, you can make payments instantly after you release money from the saving.

Savings made within Pocopay are not the same as in a regular bank. They can be easily cancelled and are just reservations for future payments. We don’t pay any additional interest for reserved money.

You will receive 0.01% interest a year on your current account, which includes all the money you are holding in Pocopay (shown in savings and in the balance bubble).