Closing a savings pot

Before you close a Savings Pot

Closing a Savings Pot is permanent and cannot be undone. Before proceeding, consider:

• Do you still need the pot? If your goal has changed, you can rename your target or simply keep the pot for a different purpose.

• Is there money in the pot? Any remaining balance will be transferred to your Cash account automatically.

• Are there automation rules? Rules linked to this pot will be deleted permanently.

If you're certain you want to close the pot, follow the steps below.

How to close a Savings Pot

You can close a Savings Pot from its account screen.

1. Open the Savings Pot you want to close from your home screen

2. Tap the delete icon in the top-right corner of the screen

3. Review the confirmation message explaining what will happen to your balance

4. Tap Delete to confirm

Your Savings Pot is removed from your home screen immediately.

What happens to your balance

When you close a Savings Pot, any remaining balance is automatically transferred to your Cash account.

• The transfer happens instantly

• You don't lose any money

• The balance appears in your Cash account, ready for withdrawal or transfer to another account

Important: Closing a Savings Pot is permanent. Any remaining balance will be transferred to your Cash account before the pot is deleted. You cannot undo this action.

Automation rules are removed

If you have automation rules that distribute money to this Savings Pot, those rules are deleted when you close the pot.

• Percentage rules directing a portion of deposits to this pot are removed

• Amount rules sending a fixed amount to this pot are removed

• Target rules that fill this pot to a target amount are removed

You'll see a warning on the confirmation screen if any automation rules are linked to the pot.

After closing the pot, review your automation rules to ensure your deposits are still distributed as you expect.