How to Use Savings Goal

From fast payments to cashback rewards, we love providing you with tools that make your financial life a little easier. One of our favorites? Savings Goal.

With Savings Goal, you can easily create a customized goal, put aside funds, and track your progress toward achieving it—all within your Branch App. 

Here’s how it works:

How to Create & Add to a Savings Goal

1. Navigate to the Wallet menu of the app.
2. Tap Move Funds.
3. Tap Savings Goal.
4. Follow the prompts to set a Savings Goal target for yourself, or tap Contribute and enter the dollar amount you want to add to an existing Savings Goal.
   (Tap the pencil icon in the upper right-hand corner to edit or remove an existing Savings Goal.)

How to Remove Funds from a Savings Goal Balance

1. Navigate to the Wallet menu of the app.
2. Tap Save funds.
3. Tap Move.
4. Follow the prompts to enter the dollar amount you want to move from your Savings Goal back to your account's primary balance.

Funds moved into your Savings Goal are securely stashed away from your primary balance so that you don’t inadvertently spend them. But if you need to tap into the money you’ve set aside, you can easily transfer those funds back to your primary balance at any time, free of charge.

Quick tips:

• Set up auto-contributions if you want an easy way to make saving automatic. This optional feature is a set-it-and-forget-it way to make saving for your goals a no-brainer. Choose from daily, weekly, bi-weekly, or monthly auto-contribution options and watch your savings grow.
• Your Savings Goal balance will be listed on your Account Statement so you can track what you've saved month to month.
• The Savings Goal feature is not a separate bank account and doesn't have its own account number, thus it's not possible to transfer money directly to Savings Goal from your paycheck or another account.

We know that saving money isn’t always easy, but setting aside even a small amount of money each month can really add up over time. The peace of mind gained from a little financial preparation helps you better navigate life’s opportunities and challenges, whether that’s your monthly cell phone bill, a family trip to Disney World, or an unexpected roadside emergency.  

We’re here to help you save towards all your goals—big or small—and cheer you on as you achieve them. 

For more resources on how to build savings, check out the articles below:

• ‍4 sneaky ways to save more money‍
• How to build an emergency savings fund on a budget‍
• What’s the best method for paying off debt?
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*Savings Goal is a feature in your Branch Wallet that allows you to set aside money for a savings goal. With this feature, you can determine the amounts, dates and funds movement to and from the savings goal balance. Amounts moved to your savings goal will no longer appear on your available balance, but you will have control to move the funds at any time. Additional terms may apply to the savings goal feature, which will be disclosed in the Branch App.