Bank of America says “Keep the Change” 26 Oct 2005
139 comments Latest by Jason
Keep the Change is a new idea from Bank of America that encourages you to build some savings by keeping the change.
So, if you buy a sandwich for $4.50 with your BofA debit card, you are actually charged $5.00, but the change is deposited in your savings account. So, $4.50 for the sandwich and $0.50 for savings. Basically they’re rounding up and refunding the change to your savings account instead of back to your checking account.
Neat idea and new thinking. I recently took about a year’s worth of change to the Coinstar and came out $165 ahead. Change definitely ads up. It would have been easier not to have to go the Coinstar which is why I especially like this idea from Bank of America.