Question: What is AutoSave?
Answer: With AutoSave, when use your OneUnited Bank Visa Debit Card for purchases, we will round up each transaction (your change) and automatically move the total (your total change) to a savings account. Soon, your change will add up! Please see AutoSave Disclosures for details HERE.
Question: How does AutoSave work?
Answer: The amount of each purchase on your OneUnited Bank Visa Debit Card and posted to your checking account will be round up to the nearest dollar (your change). So, for a $5.51 purchase, the amount that will be round up to the nearest dollar (your change) is $0.49. For a $9.99 purchase, your change will be $0.01.
At the end of each banking day (at or after 11:00 PM ET), your change from purchases that are posted to your checking account prior to 11:00 PM ET are totaled, and the total amount (“your total change”) is transferred from your checking account to your savings account. Purchases occurring after 11:00 PM ET each banking day are included in your total change for the next banking day. Purchases occurring on non-banking days (weekends and holidays) are included in your total change for the next banking day. Please see AutoSave Disclosures for details HERE.
Question: How can I participate in AutoSave?
Answer: To enroll in AutoSave, simply follow these 3 simple steps:
If you do not have a OneUnited Bank Visa Debit Card or savings account, simply click HERE to get the card and/or open a savings account under MORE in our mobile app.
Question: My change did not transfer. Why?
Answer: If your total change is not being transferred from your checking to your savings account, it may be due to one of the following:
Please see AutoSave Disclosures HERE.
Question: Is AutoSave free?
Answer: There is no cost to AutoSave. If you have a BankBlack Savings account, you can avoid the Monthly Maintenance Service Charge for each month you receive a total change deposit into your BankBlack Savings account from AutoSave. All other fees apply. (As an example, if you do not receive your total change deposit into your BankBlack Saving account during the month or have a different savings product with OneUnited Bank, you will be charged a Monthly Maintenance Service Charge for your savings account if you do not meet the criteria to avoid a fee in our Truth in Savings, Online Truth in Savings or Business Account Disclosures.) Please check with our branch staff or check our disclosures HERE.
Question: Will AutoSave create an overdraft?
Answer: We only transfer your total change at the end of a banking day (at or after 11:00 PM ET) from your checking account to your savings account if you have sufficient funds in your checking account at that time. If you do not have sufficient funds, your total change for that banking day will not be transferred at that time or in the future. We will skip that total change transfer. Please see AutoSave Disclosures for details HERE.
Question: How can I cancel AutoSave?
Answer: To cancel AutoSave, simply: