Saving with the Littlebit is incredibly simple. It runs on autopilot.
Whenever you pay with your card, the app applies your chosen savings percentage and calculates the amount to be set aside. Once these small amounts add up beyond a certain threshold (CZK 350), known as a milestone, the app automatically completes a savings transaction. No action required from you. Fully automatic.
For example, if you buy dinner for CZK 500 and have set your savings rate to 10%, Littlebit will add CZK 50 to your accumulated savings amount. These small amounts build up over time, and once they exceed CZK 350, the app automatically completes a savings transaction. For instance, if you have already accumulated CZK 340 and another CZK 50 is added from your next card payment, the app will complete a savings transaction for CZK 390.
The amount counted from a single card payment is capped at CZK 500.
For example, if you buy a new car for CZK 500,000, the calculated amount at a 10% savings rate would normally be CZK 50,000. However, Littlebit is designed for gradual saving through small everyday purchases, so in this case only CZK 500 would be counted.
Your card payment will appear in the app once your bank has officially settled it. This usually takes one day, but in some cases (or over weekends) it can take up to five days, and exceptionally even longer. The timing depends on how quickly the payment is processed by your bank and the merchant.
Everything happens securely, transparently, and fully automatically. In the app, you can see how much you have already saved, when the next savings transaction will take place, and how the value of your savings is developing. The entire process is automatic, so there is nothing you need to confirm or enter manually.
What does the app save into? At the moment, your accumulated savings are automatically converted into gold. We have already successfully tested Bitcoin within Littlebit, and once we obtain the necessary regulatory approvals, we will make Bitcoin savings available again alongside gold savings.
You can adjust your savings settings at any time:
change the percentage set aside from your purchases,
pause or reactivate your savings,
add, change, or remove connected bank accounts from which the app receives payment information.