What does Safe-to-Spend mean? Where can I find it?
On the web, you'll see a breakdown at the top of the page, showing how your Safe-to-Spend is calculated.
On the Android app, tapping your Safe-to-Spend will bring up a breakdown showing how your Safe-to-Spend is calculated.
On the iOS app, tapping your Safe-to-Spend will bring up a breakdown showing how your Safe-to-Spend is calculated.
How does it work?
Safe-to-Spend exists to show you how much money you have that hasn't been earmarked for a specific purpose. If you keep it in the positive, it will protect your Goals and ensure that you have the funds to cover any scheduled payments or transfers.
Transactions are approved based off your available balance rather than your Safe-to-Spend. Therefore, it is possible to overspend your Goals. If you do, a banner will pop up (you'll see it on the Goals tab of the mobile app or right after logging in on the web). The banner will show you how much you're overspent until you square things up by making a deposit or moving money from a Goal into your Safe-to-Spend.
For now, Safe-to-Spend goes off the money that's in your account, and it can only account for scheduled transactions that are initiated by our systems. We're looking into ways for it to accurately account for recurring charges that are initiated by a merchant or another bank.