ČSOB Drobné
And what will you buy with your change?
Main benefits
Money invested under the ČSOB Drobné service is not covered by the deposit insurance scheme, its value may fluctuate, and its return is not guaranteed. In terms of the target market, the service is intended for non-professional investors who have at least basic knowledge of investments, who have a profile of “very defensive” and above, with a recommended minimum investment horizon of 3 years, and who expect the value of the investment to grow over time in order to appreciate the money invested. Information about fees and risks can be found on the page of the fund you are investing in.
How does the Drobné service work? Automatically!
You invest small amounts every time you make a regular purchase. The small change will not just disappear; it can appreciate in value.
- We will round up each card payment to the nearest CZK 20
- We will set aside your rounded up money
- Once you have accumulated CZK 300, we will invest it
There is nothing like personal experience – read a bit about it.
You can improve your Drobné service
Switch to Turbo and go all the way
- The essence of Drobné remains the same, only you set aside twice, three times or even five times as much money
- You can slow down, speed up or turn off the acceleration at any time
- The service is activated free of charge
You can choose the fund where your money will be doing its work
- You can change your fund at any time
- You invest according to your expectations
- Changing the fund is free of charge
FAQs
How does CSOB Drobne work?
ČSOB Drobne is linked to your current account, to which you have a payment card. Every time you pay with it, we round up the amount to the nearest value divisible by 20 and gradually accumulate it until they reach CZK 300. Then we automatically invest the money in investment funds, so we buy whole units with it. These have a current market value that accurately determines the amount you invest. For example, if 24 units cost CZK 299.50, we will only invest CZK 299.50, not the whole CZK 300. The remaining 50 cents will in turn become part of your available balance in your current account.
The money in the fund will work for you and if you need it back, you can sell the investment and have the money in your account within 5 days.
| Examples from everyday life: | Lunch at a restaurant | Shopping in a supermarket | New TV |
|---|---|---|---|
| You pay | CZK 159 | CZK 663 | CZK 14 990 |
| You invest | CZK 1 | CZK 17 | CZK 10 |
| We will round up to | CZK 160 | CZK 680 | CZK 15 000 |
How will the Drobne service appear on my current account statement?
Once you have accumulated CZK 300 and we have bought the chosen fund unit certificates with that money, you will see the exact amount of your investment in your bank statement.
Is the money held even if the payment value is already even and a multiple of 20?
No, it is not. Amounts that are themselves a multiple of 20 (e.g.,: CZK 100, CZK 500, CZK 1,000, but also CZK 120, CZK 340, CZK 560, CZK 780, etc.) are not rounded up.
To which cards does the rounding up apply?
After activation of the ČSOB Drobne service, amounts paid are rounded up for all cards issued to the client’s accounts – debit, credit and any other cards issued to the Authorised Account User. So, for example, if a client’s wife pays with a card issued to her husband’s account, her transactions will also be rounded up, and the bank will hold the corresponding funds in her husband’s current account.
How can I arrange?
You can activate the ČSOB Drobné via phone or with the help at a branch.
The shortest way is via Smart mobile banking (Select E-shop → Investments → ČSOB Drobne).
Other FAQs
Where is the money held when paying by credit card?
Funds are always blocked in the current account specified in the Investment Services Agreement, including from credit card payments. The amount held does not increase the credit card limit.
What about payments in a foreign currency?
Suppose you are making a payment in a foreign currency. In that case, the amount will always be rounded up using the exchange rate applicable on the day the payment is made (not on the day the payment is actually charged, which may be later and at a different rate). For example, if you pay EUR 10 at the exchange rate of 25 CZK/EUR, the amount of CZK 250 will be rounded up to CZK 260 and CZK 10 will be transferred to your Drobne service. However, before the card transaction is charged, the exchange rate may change to 24.50 CZK/EUR – meaning 245 CZK. The adjustment will not increase back to 15 CZK, as the exchange rate change has no effect on it.
I’d like to invest more. Is it possible to increase the amount to be rounded up?
It is impossible to change the amount rounded; the amount to be invested is always rounded to the nearest CZK 20. However, you can set up Turbo, multiplying the saved amount and sending you more money to work with.
How much can I invest on average per month when paying by card?
Our clients invest on average CZK 241 per month via the ČSOB Drobne service.
What do I need to set up ČSOB Drobne?
It is sufficient to have a current account in CZK and the Investment Services Agreement. If you don't have it, you simply sign it electronically during activation of the ČSOB Drobne. You can open a ČSOB account easily on this page.
Where will the Small Change be invested?
Your small change will be invested in a fund that matches your investment profile.
Who can apply for ČSOB Drobne?
Any client who meets the following criteria may apply for the Drobne service:
- Legal adult
- Legally competent
- No current distraint proceedings
- The client also needs to be the owner of a ČSOB:
- current account
- debit or credit card
How does Turbo work?
The principle of the ČSOB Drobne service remains the same; Turbo only multiplies the amount you set aside from each payment – double, triple times or five times. You have a total of three speeds to choose from, and you can increase, decrease or turn it off at any time.
How to activate Turbo?
You can activate Turbo for your ČSOB Drobne in Smart – among the products on the home page, select Settings in the upper right corner of the ČSOB Drobne tile.
How can I manage ČSOB Drobne and where can I find out how they are doing?
Simply in the Investment Portal, which you can access via internet or mobile banking. In the upper right corner, click on your name and select the Investment Portal. Here you will find a perfect overview and complete management of your investments.
Is possible to pause Drobne?
Yes, you can pause rounding for up to 30 days and start again at any time. After 30 days, the Drobne will always start again automatically if you do not start it earlier. You set everything in the ČSOB Smart application.