Passive Income mode lets you turn your Main Account earnings into regular monthly payouts. Your balance keeps earning every day as usual and the only change is where that earning goes. You can turn Passive Income mode on or off at any time.
How to activate Passive Income Mode
Log in to your SmartSaver Account→ Go to the 'Main' section → Select Passive Income.
From here you will choose where it goes, either to your bank account or card and on the 1st of each month your returns will be paid out. its that simple.
How Passive Income payouts work
Returns will still accumulate daily within your Main Account, just like before.
On the 1st of each month we will calculate the accumulated returns you earned in the previous month and pay it out as one automatic payment.
Where your payout goes:
You choose where your monthly payout is sent:
Bank transfer - Sent to your linked bank account.
Card payout - Sent to your stored card. (Card payouts will include a 1% fee)
You can change your payout method in the Passive Income settings at any time & any change applies to all future payouts.
Monthly payout limit
The monthly payout limit is €0–€50,000.
If your earned return is above this limit, we will only pay out up to €50,000 for that month, any remaining returns stays in your Main Account and continues to accumulate.
What if I activate Passive Income Mode mid-month?
If you activate Passive Income partway through a month, your first payout will still include the total accumulated returns earned earlier in that month.
Example: You activate Passive Income on 15th March.
On 1st April, you receive a payout that includes all returns earned in March.
What happens when you deactivate Passive Income Mode?
If you deactivate Passive Income, that month’s returns stays in your Main Account instead of being paid out, and from there it continues to accumulate daily.
Additional Information:
Withdrawals and returns
Pending withdrawals do not change how your return is calculated.
Returns on your Main Account are still calculated on your balance according to the normal rules, whether or not you have a withdrawal in progress.
Bonuses and promotions
Bonuses and promotional rewards are not included in Passive Income payouts, they stay in your Main Account and follow the rules of the specific promotion.
Does Passive Income Mode change my Rate of Return?
No, Passive Income Mode doesn’t change how much return you earn, it only changes how you receive the the returns (as a monthly payout instead of leaving it in your Main Account).
What if I still have questions?
If anything is unclear or you see something unexpected in your payout, please contact our support team via the app or the Contact Us link. We’re happy to help.