You add money to Bó accounts via bank transfer from another bank account. A swift transfer can be guaranteed by the UK Faster Payments scheme, which most high street banks are part of.
At present, there is only a personal account available with Bó. This personal account acts as a second account to your main bank account, with additional features that allow you to keep better tabs on your spending. You cannot pay your salary directly into a Bó account, as money can only be transferred from another bank account with the Faster Payments Scheme.
So what are the perks? Well, once you have a Bó account, you can look forward to tools which can help you budget more effectively, keeping the right controls on your outgoings. Through the app, you can get instant alerts that allow you to track spending and categorize your outgoings by location or retailer. You can customize your own budget to help with your spending and use a ‘piggy bank’ that lets you set money aside, with a digital take on the traditional penny jar approach. And, how could we forget… you will be given a debit card with a vibrant yellow color scheme!