What Saving Limits Exist?

The Littlebit app has two operational and security limits that determine:

1. how many Bitcoin purchases can be processed within a 24-hour period,

2. the maximum amount that can be included in savings from a single card payment.

1. Maximum of 5 savings (Bitcoin purchases) within 24 hours

How it works in practice:

• If 5 savings (Bitcoin purchases) are processed within 24 hours, the app continues accumulating percentages from settled card payments as usual.
• If a 6th saving is triggered within the same 24-hour period, the system automatically pauses savings for 24 hours for security reasons.

What happens after 24 hours?

• Savings automatically resume.
• The app processes savings that could not be completed in the previous cycle.
• If 5 or fewer savings occur after resuming, everything continues normally.
• If a 6th saving is triggered again, savings will once more be paused for 24 hours.
• This cycle repeats until all accumulated amounts that exceeded the CZK 350 milestone are processed.

Important note: 

All amounts accumulated from settled card payments will eventually be converted into Bitcoin, with one exception: If a payment is settled by your bank during the 24-hour pause period, it will not be included in savings. At the moment the app retrieves the transaction, savings are temporarily inactive, and transactions cannot be included retrospectively.

2. Maximum amount from one card transaction: CZK 500

The maximum amount that can be included in savings from a single card payment is capped at CZK 500.

How it works in practice:

• If you make a large transaction, for example purchasing a car for CZK 500,000, and your savings percentage is set to 10%, the calculated savings amount would normally be CZK 50,000. 
• However, Littlebit is designed for saving in smaller increments. Therefore, only CZK 500 will be added to savings from that transaction.
• Subsequent transactions are processed normally. For example, if you make five card payments of CZK 5,000 each and your savings percentage is 10%, CZK 500 will be included from each transaction.

If you believe a payment should have been included in your savings but was not, please contact us here and include:

• the email address used in the Littlebit app

• the date and amount of the payment

• the merchant where the payment took place

• the issuing bank of the card

• the type of card used (debit/credit)

• proof of payment (usually labelled as Payment confirmation, Transaction detail, or Card payment confirmation in your online banking. You can download this document from your online banking or your bank’s mobile app.)

This information helps us locate the transaction, verify how it was received from your bank, and determine why it may not have been included.