Cards and Bank Accounts in Littlebit

The Littlebit app works with two essential components: a payment card and a bank account.

Each serves a different role within the app, but together they ensure that your Bitcoin savings function accurately, securely, and automatically. 

Payment card

The payment card serves as a source of funds for purchasing Bitcoin. The app uses it only when your accumulated savings exceed the savings milestone (CZK 350) and an automatic Bitcoin purchase is triggered. 

• Funds are never charged on an ongoing basis or outside of this specific moment. 

• Payments are processed through a certified and highly secure payment service provider.

• Card details are not stored in the Littlebit app; they are securely handled within the payment provider’s system. 

Bank account

Is used exclusively to read information about your card transactions so that the app can automatically calculate the percentage to be set aside for savings.

• Access is provided via an interface approved under the European PSD2 regulation, ensuring a secure connection between your bank and the app.

• You grant consent for 90 days at a time, after which the app will prompt you to renew the connection.

• Littlebit does not have access to your balances, transfers, or other sensitive financial data – only to information about card transactions.

• Littlebit does not have the ability to send or initiate payments from your account; it only receives information about card payments once they are posted by your bank.

The card and the bank account are essential components that work together to enable automatic savings.
The bank account allows the app to calculate your savings, and the card enables the actual Bitcoin purchase.

If you would like to learn more about how to connect, update, or remove a card or a bank account, you can find detailed guides in this FAQ category.

If anything remains unclear, contact us here. We'll be happy to help.