- Sign up for Yunit and connect your bank account. You won’t need your checking or routing number.
- Create a shared savings goal.
- Invite your friends to save with you & that’s it! You save money without realizing it.
Yes. Yunit uses state-of-the-art security measures. Your personal information is anonymized, encrypted, and securely stored. All savings held within Yunit are FDIC insured up to a balance of $250,000.
Yes. In the case of an emergency, you can access your money without the need of a group vote. We ask that you don’t abuse the security feature.
No. The app is completely free for users.
Yes, we have an iPhone app that is in open beta.
Nope. When you sign up for Yunit you get your own Yunit account which will hold any Yunit savings until withdrawn. Any savings held in your Yunit account are FDIC insured up to a balance of $250,000.
Anything, really. There’s no limit to the number of goals you can set. Use Yunit to save for a rainy day, group vacation, or even to buy property. You can pay down debt or save up money to invest.
You should feel confident in Yunit saving only what you can safely set aside. In the very unlikely event your account is overdrawn by Yunit auto-saving, we’ll reimburse the fees for up to 2 instances of overdraft.
Yunit supports over 2,500 banks and credit unions within the United States.
Unfortunately, Yunit is U.S. only right now. We plan to expand internationally in the future.
Not at the moment. You can only invite the people that you are currently saving with.