Smart Swipe
Spend. Save. Repeat.
Unlock Effortless Savings with F&M, a Lawrence Bank's Smart Swipe
At F&M, we know saving doesn't have to feel like a chore - especially when life is full of everyday expenses. That's where Smart Swipe comes in: our innovative debit card roundup program designed to turn your routine purchases into painless progress toward your financial goals. By automatically rounding up every point-of-sale debit card transaction to the nearest dollar and transferring the spare change to your savings account, Smart Swipe helps you build wealth without even thinking about it. Since launching, thousands of our customers in Tennessee and beyond have watched their savings grow steadily, proving that small changes can lead to big rewards.
Whether you're funding a family vacation, building an emergency fund, or just getting ahead on bills, Smart Swipe makes saving seamless and automatic. It's more than a tool - it's a partner in your journey to financial freedom, aligned with our commitment to empowering communities one transaction at a time.
How Smart Swipe Works: Simple, Automatic, and Rewarding
The beauty of Smart Swipe lies in its simplicity. Every time you swipe your F&M debit card for a qualifying purchase, we round up the amount to the next whole dollar and deposit the difference straight into your linked savings account. No manual transfers, no budgeting spreadsheets - just effortless accumulation.
Let's break it down with a real-world example, like your daily coffee run:
Spend: You grab a morning latte for $5.28 using your F&M debit card.
Round Up: Smart Swipe bumps it to $6.00.
Save: That 72 cents heads directly to your F&M Personal Smart Savings or Youth Savings Account.
Repeat: Do this daily, and over a year, just your latte habit could add up to $262 - enough for a weekend getaway or holiday gifts.
But lattes are just the start. Imagine the impact from other habits:
Grocery run: $47.89 rounds to $48.00 → 11 cents saved.
Gas fill-up: $32.15 rounds to $33.00 → 85 cents saved.
Lunch out: $12.50 rounds to $13.00 → 50 cents saved.
If you average 10 transactions a day with a typical spare change of 50 cents each, that's $150 a month - $1,800 a year - tucked away without missing a beat. And for families, linking a Youth Savings Account means teaching kids the value of saving early, turning everyday spending into lessons in financial literacy.
The Proven Power of Roundup Savings: Stats and Success Stories
Roundup programs like Smart Swipe aren't just convenient - they're effective. Research shows that participants in similar debit card initiatives can double their savings rate over time. For instance, a study on automated savings tools found that users boosted their savings from an average of 4.4% of income to 8.8% after four years of consistent use. Apps like Acorns, which pioneered this model, now serve over 9 million users, many reporting hundreds of dollars saved annually through spare change investments.
At F&M, we've seen similar wins. Take Sarah from Springfield: A busy mom with three kids, she enrolled in Smart Swipe last year. "I didn't notice the roundups at first, but checking my savings app became exciting! In 12 months, I saved $1,200 - enough for our family's first camping trip." Stories like Sarah's highlight how Smart Swipe fits into real lives, turning passive spending into active growth. Plus, with no fees for enrollment or transfers, every cent works for you.
Maximize Your Smart Swipe: Pro Tips for Bigger Savings
To supercharge your results, pair Smart Swipe with smart habits. Here are five actionable tips:
Track Your Trends: Use our free mobile app to monitor roundup totals and set mini-goals, like saving $500 for holiday shopping.
Bundle Purchases: Combine errands into fewer, larger transactions to potentially increase average roundups (e.g., one big grocery trip vs. multiple small ones).
Link Multiple Accounts: If eligible, connect family debit cards to a shared savings goal - great for household budgets or teen allowances.
Pair with Challenges: Challenge yourself to "no-spend" days or cash-back rewards on top of roundups for compounded growth.
Review Quarterly: Log in every three months to celebrate progress and adjust - maybe transfer to a higher-yield option like our Smart Savings CD.
These strategies can help you save 20-30% more than basic roundups alone, based on user patterns from similar programs.
Eligibility and Easy Enrollment: Get Started in Minutes
Ready to swipe smarter? Enrolling is straightforward if you have:
An F&M Personal Checking Account
An F&M Debit Card
An F&M Personal Smart Savings or Youth Savings Account
Simply click Enroll in Smart Swipe to sign up online - it's secure, paperless, and takes under five minutes. Once activated, roundups begin on your next purchase. Note: Smart Swipe applies only to point-of-sale debit transactions (not recurring bills or business cards), and we reserve the right to modify the program.
Don't have these accounts yet? No problem - open them today:
For more details, download our Smart Swipe FAQs (PDF).
Join the Smart Swipe Community: Save Smarter Today
At F&M, we're more than a bank - we're your partner in prosperity. Smart Swipe is one way we make saving accessible and automatic, helping you spend on what matters while securing your future. Thousands of customers are already on board; why not you?
Enroll now and watch your savings stack up. For personalized advice, visit a branch or chat with us online. Together, let's turn change into change - financial change, that is.
Enroll In Smart Swipe* Smart Swipe FAQs
Ready to start saving, but don't have an F&M account?
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*Upon enrollment, we will round up your point-of-sale debit card purchases to the nearest dollar and transfer the difference from your linked personal checking account to your personal savings account. We may cancel or modify Smart Swipe at any time without prior notice. Smart Swipe does not apply to recurring debit card transactions. Smart Swipe is not available for business debit cards.