Sumeria offers several solutions to develop good saving habits, plan for future projects, and set money aside easily through the Sumeria+ program.
Description of the assisted savings tools
Monthly Transfer to the Reserve
From the Sumeria+ centre, the customer can activate a monthly transfer to the reserve account. They set an amount and a date on which they will be prompted to confirm the transfer.
Rounding up to the nearest euro
Rounding up to the nearest euro allows customers to automatically save the remaining cents between the price they paid and the nearest euro. For example, for an expense of €2.35, €0.65 will be set aside in the reserve account.
The round-up applies automatically to all card payments, whether physical or virtual. It is not possible to exclude certain cards from this feature. The round-up amount is always deducted from the account used for the transaction and cannot be redirected to another account. No round-up is applied if there are insufficient funds.
The collected funds are deposited into the reserve account, which cannot be archived. Amounts set aside through the Sumeria+ tools earn interest at a rate of 2%. Learn more.
Activating the Round-Up to the Next Euro
To activate this feature, the customer must go to their Sumeria+ Centre.
At the end of the month, when the monthly savings are allocated, the client will be able to see the total amount saved thanks to the cents set aside from each transaction.
Project accounts
Project accounts are a category of Sumeria accounts that allow customers to save daily in order to achieve projects that matter to them (travel, purchases, leisure, etc.).
This type of account helps the customer plan their savings and easily track progress toward a defined goal.
To open a project account, the customer must go to the “Accounts” tab. They can then assign a name to the account and set a target amount. A progress bar is displayed automatically to help them visualize the advancement of their savings.
The customer can assign an IBAN to their project account to fund it. They can transfer money from one of their Sumeria accounts or make a transfer from an external account.
Assisted savings game
Assisted savings games are a great way to save up in a simple and fun way. Customers who enable the games from their in-app Sumeria+ Centre will receive a weekly notification prompting them to play the game.
Saving up earned interest
With Sumeria+, customers can choose to have their current account interest sent right to their cash reserve.
Description of budgeting tools
Budgeting accounts
Budget accounts are a category of Sumeria accounts that allow the customer to organize their money by specific spending categories (Leisure, Shopping, Groceries, etc.).
Customers can create as many budgeting accounts as they have expense types, and set a budget for each of their accounts. A graph allows customers to view the history of their past expenses, monitor the evolution of their expenses during the month and in real time, and then to access forecasts for their upcoming budgets. This helps them better anticipate and manage their finances.
Monitoring charts and expenses categorization
Monitoring charts allow customers to visualize their spending pace over time as well as the category linked to each transaction. Customers can configure them depending on the view they want to have:
- by period (month, week)
- by account (focus on one or several accounts)
- by expense type (supermarket, restaurants, transportation...)
The client can easily analyze their spending habits and adjust their budget accordingly. Learn more.
Fixed expenses tracking
Customers can fill in fixed expenses (expense type, amount, billing date) and access the full list in their Sumeria+ Centre. Notifications a few days before the billing date as well as dedicated budgeting account will help them anticipate these expenses. Learn more.
Price and commitment
Sumeria+ offer is available with two payment plans:
- Monthly payments: customers are subscribed for a minimum of 6 months as of the subscription date, for €4.90 a month
- Annual payments: customers annually pay the preferential price of €49 (that's two months for free)
The offer is automatically renewed until the customer terminates the subscription. It can be done directly from the "Sumeria offer" screen in-app.