Sometimes, saving money can be pretty difficult. Luckily the folks at Qapital have a way to help us out. It's quite simple, and works pretty well. What Qapital does is it rounds up change on debit and credit purchases then saves it toward your goal. So say you spent $19.74 somewhere, it would round that up to $20 and take the remaining $0.26 and put it in your Qapital account. That does add up pretty quickly as well, seeing as it can use all of your cards, even your credit cards. Security is always a big question when apps like this appear, but don't worry, Qapital is FDIC-insured and also uses some of the most secure standards to keep your money safe in Qapital. So you won't need to worry about losing it at all.
Qapital works with IFTTT so you can connect it with other apps and create a pretty nifty recipe if you choose to do so. You can also focus on your progress in Qapital, instead of your bank balance, and best of all, track your spending and saving over time. There's no fee for Qapital, and there's also no minimum deposit needed. It will do automated transfers for you, so you don't have to worry about transferring that money on over to Qapital. There are no hidden fees whatsoever, the app and service is completely free. Qapital also notes that it will never sell your personal information to other partners. So you won't have to worry about getting weird emails, texts and even mail from companies that got your information from Qapital.
Since Qapital doesn't have bank branches around the country, you can cash out to your funding source so you are able to spend the money from there. Additionally, you are able to cash out without hitting your goal amount. To be able to start your Qapital account, however, you will need to be a US resident and be at least 18 years of age as well as having an existing checking account. Unfortunately this is an US-only app, at least for now. That may change in the future. You can download the Qapital app from the Google Play Store today.