Saving is something that costs, especially for Spaniards. Many times the reasons given are low income and difficulties to make ends meet and, other times, carelessness or laziness.
Last year, with the country confined between March and June, plus the subsequent restrictions by communities, the Spanish savings rate stood at 4.8% in the third quarter compared to -1.7% in the same period of the year. last year. Staying at home meant cutting many day-to-day expenses (the bus, the subway, the lunch menu) and also extras (a coffee at break, eating out on the weekend…).
These types of consequences derived directly from the pandemic can help to reflect on saving and calibrate that many times it is not as difficult as it seems, and that doing so has significant rewards.
The service is free, simple, comfortable and allows the transfer to other accounts of the entity at any time
The money saved can respond to an unforeseen event. It can also be used for a whim or to fulfill a goal, and even to prepare for retirement.
Virtual piggy bank
In the market there are different options that help saving. The simplest and most accessible to any financial condition is what is known as a virtual piggy bank.
ABANCA has been one of the pioneer entities in Spain in facilitating savings through card rounding. Since 2005 it offers this possibility to its customers, to save when buying. Yes, you read it right; it is easy to understand.
The Change Account keeps the simile of saving through those coins that are carried in the pocket or purse and that accumulate in a container or a piggy bank. The difference is that it is done with a card and automatically.
It works as follows: a person pays for a purchase with the ABANCA card and the entity transfers what is missing for the rounding multiple of 5 of the amount to the Calderilla Account. For example, if the purchase invoice is for 21 euros, 4 euros are automatically allocated to the said Calderilla Account, which is what remains to reach 25 euros.
This savings formula is very simple and does not require great effort. In addition, it has another series of advantages: it is a free service, you can associate the credit or debit cards you want, it can be modified and canceled at any time and you can register through electronic banking at the card section. To be applicable, purchases must be greater than 15 euros.
The accumulated money can be taken to another ABANCA account at any time.
This savings of the Calderilla Account is added to that offered by other cards of the entity, with discounts on refueling and in more than 6,000 establishments throughout Spain such as hotels, travel agencies, car rental, cinema, fashion, or food, among others.
ABANCA has more than 1.5 million cards in circulation.