As we're all different, everyone of us might use nudges and alerts differently.
However, as an illustration let's use the example of a customer that wants to ensure they are moving as much money as they can from their current account to Marygold, to benefit from higher interest rates (when compared to their current account).
This customer wants to move 50% of their money straight after payday, and they want to 'sweep' any unspent balance left over from last month as well. However, the customer knows that sometimes they spend more than 50% of their pay in any given month, and they would need to transfer money back into their current account if this was the case.
In this example the customer would:
- Set up a pay day nudge, which would nudge then to move 50% of their net pay to Marygold.
- Set up an excess balance nudge, which would nudge them to move 100% of any prior-month excess balance (if it exists).
- Set up a low balance alert, which would warn the customer if their current account balance dipped below (e.g.) £250, allowing them time to correct this if required.