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The Space piggy bank is essentially a deposit, which allows you absolute freedom to manage your funds. You are free to deposit or withdraw funds from your piggy bank anytime, free of charge or any changes with the interest accrued.
With Space, you may activate up to 5 piggy banks with one or more goals at once. Set your goal amount and simply watch it accumulate. Cash withdrawals from Space piggy banks are completely free of charge. You may transfer funds to your Space account anytime, without affecting annual interest rate and incurring extra fees.
As you make a payment with your Space card, a fixed amount (0.5 GEL, 1 GEL, 2 Gel etc.) will be tossed directly into your piggy bank.
For example, if lunch ends up costing you 11.60 GEL and you have activated this saving rule, Space will round up your payment to the nearest GEL amount, which in this case is 12, and transfer the balance of 0.4 GEL to your piggy bank. You are welcome to double, triple, quadruple, or quintuple the balance, so you can save faster as a result.
In this case, all you do is set the date and the amount you wish to deposit once a week or once a month. The amount will be deducted from your balance on your Space card or any other card on file in the Space app and deposited into your piggy bank.
For the time being, Space only allows saving in local currency (GEL). From January 1, 2018, Space participates in the deposit insurance system that is based on the Georgian law - "Deposit Insurance System". On the occasion of an insurance event, the Deposit Insurance Agency will ensure the reimbursement of deposits to depositors, up to the set limit - 15 000 GEL. The rest of the amount will be reimbursed in accordance with the current legislation. For more information you can visit the website of the LEPL - The Deposit Insurance Agency: www.diagency.ge Order directly from Space App, collect rewards and cashback bonusesSpace Piggy Banks | Space.ge
Simple way to save money
Manage your funds effortlessly, 24/7
Reach your goals with Space
No extra fees
Turn on automatic savings rules
Upon each payment, a fixed amount will be deposited into your piggy bank.
The amount for each payment will be rounded up and the balance will be transferred to your piggy bank
The amount set by you will be deposited into your piggy bank on a set date
What should you keep in mind?
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