The budget account works by dividing your money into agreed pots that you cannot accidentally spend before the bill is due. We work with you to agree the amount you will transfer into the budget account each week or month and how much needs to go into each pot, as well as helping you manager what is left over. You can decide to have the left over money transferred to your Clockwise share account or prepaid card, or to an external account. Over time this helps you become a better saver!
Unlike other budget account services, Clockwise will only charge you the cost of running the account and does not aim to make a profit, potentially saving you as much as £11/month.
You will be charged 66p per transaction.