In order for us to round up your purchases and invest your spare change in your Moka investment account, we require a connection to your bank and a selected funding source. Without connecting a bank to the app, the app simply will not work.
Your Moka account is funded by the bank account that you designate as your funding source, which is typically a chequing account. We don’t allow credit cards as funding sources to prevent any unnecessary credit card cash advance fees. If you want to use a savings account as a funding source, simply update your information in the app under Account ➡️ Linked Accounts.
Roundups can be collected from purchases on any credit and debit cards you link to your account. Every time you make a purchase with your cards, we will round up the price to the nearest dollar and invest the spare change.