The rules below come straight from the club’s settings, so they are always the ones the app applies.
New members are recommended by someone already in the club. Once the committee agrees, you pay a one-off joining fee and an initial share, and you get your place (or places) in the rotation.
The joining fee covers running the club. The initial share stays yours and is counted in your savings.
Every member pays $350 every two weeks for each place they hold. Each contribution is split automatically:
Holding two places means paying twice each cycle, and receiving two payouts in each round.
The club has 25 places in a fixed order. Each cycle, the whole pot of $5,000 goes to the next place: from place 1 to place 25, then the order starts again from place 1. Cycle 1 was on 17 July 2026.
Members see the full order and their own turn in the app.
Nobody has to chase anybody. The app sends reminders by email, SMS and in the app before each payment is due, and adds fines automatically when a payment is late.
Late loan interest attracts a $50 fine in the same way.
Members can borrow from the club between payout turns. Interest is charged every month on what you still owe, so repaying early costs less.
Every loan needs a guarantor (another member who backs it) or collateral (ingwate) that the committee checks. An admin approves each request, and you get a reminder before every interest payment. Example: borrowing $2,000 costs $40 interest in the first month.
Pay using one of the club’s methods, then tell the app. The treasurer confirms it and your card updates straight away.
Your statement lists every payment, payout and fine with its date and method. Nothing is ever deleted, and every admin action is logged.
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