How do Savings Goals work?

As soon as kids join a family they will have the ability to create Savings Goals that their family members on Till can contribute to. Goals can be anything and at any price point, from a school field trip budget to a new paint set, or even skiing lessons! Parents (account owners & admins) can also set goals for their kids, think college fund, phone payment, driving lessons, etc.

To create a savings goal, login to Till and tap the “Saved” bar, then tap Create a Goal. From there you can name the goal and assign a $ amount. (If you are an owner or admin you must first select which kid to create a goal for.) 

After kids set up their goal(s), parents and community members can begin to make contributions toward them to help incentivize the kids to save! For more information on contributions, check out How do Contributions work?

How do I or my kid transfer money out of a savings goal, back to their Spend or Save Balance?

When a goal has been met or is no longer needed, an account owner can end the goal and select between their kid’s Spend or Save Balance as the destination to transfer the funds to. This can be done by following the steps below:

1. Login to Till and navigate to your kid's Goals page 
2. Tap the goal you want to close, then at the bottom of the page, tap End Goal 
3. From the drop-down menu, select between your kid’s Spend or Save Balance as the destination to transfer the funds to 
4. Tap Close Goal

*Keep in mind, funds cannot be transferred from a savings goal without first ending the goal and only the account owner can end a goal.

If the goal is intended to be paid for directly using the Till debit card, we recommend choosing the Spend Balance as the destination.