|
-
-
VivYip
- Senior Member - 2K
posted: Oct. 26, 2005 @ 8:21p 
I have this strange question --
what happens after you have this program for 3 months.
For example, your purchase is 2.05.....According to BoA, during the first 3 months they will charge the full $3 and then move the remaining 0.95 to your savings because it's at 100%.
What happens if you make the same purchase 3 months later? It's 5%...so does that mean BoA keeps the majority of the 9x cents of the difference? oh well. thanks for reading this post. |
-
-
manuel
- Greedy Member
posted: Oct. 26, 2005 @ 8:26p
No.
During the first 3 months u buy 2.05 - they move .95 to ur savings account. Then next year that .95 is matched with another .95 - up to the $250 limit.
After 3 months - they move .95 to ur savings account. Then next year they match 5% of that .95 - again subject to the overall $250 limit.
You never lose the .95 cents - and they never really charge you the full $3 - it's just a shell game amongst your accounts. That's why there's no cost to this as long as you would have spent the 2.05 anyways.
Note - the hassle of keeping bofa checking and savings accounts is the biggest cost of this for me - got both for promos but would have closed them if not for this offer. |
-
-
manuel
- Greedy Member
posted: Nov. 3, 2005 @ 5:18p
Has anyone else noticed it's very easy to pay a cable bill with a debit card - done a score or so 1.01 payments to a major cable company?
Easy enough GUI and can do 4-5 in a minute.
Oops noticed johto beat me to it on this - back in the first few pages. Sorry.
Nice of you to say so ETFnerd - thank you. |
-
-
ETFnerd
- Happy Member
posted: Nov. 3, 2005 @ 5:22p
manuel said:Has anyone else noticed it's very easy to pay a cable bill with a debit card - done a score or so 1.01 payments to a major cable company?
Easy enough GUI and can do 4-5 in a minute.
Oops noticed johto beat me to it on this - back in the first few pages. Sorry.
This is the best post I have seen in months. Thanks johto and manuel. |
-
-
samko
- Addicted Member
posted: Nov. 4, 2005 @ 8:12p
SBC has a $5 minimum payment.
Verizonwireless seems to allow a minimum of $1.
dishnetwork seems to allow $2 minimum. |
-
-
koRebate
- Senior Member
posted: Nov. 4, 2005 @ 8:44p
if you got you card restricted you might wish to call 8778335617 option 1, option 3 to restore the access. |
-
-
mnsweeps
- Senior Member - 10K
posted: Nov. 4, 2005 @ 11:13p
I registered this morning on phone and these are the xactions so far I have done. Only the first one at Costco gas in Burbank was real debit in the sense i entered the pin no. The others are CC like transactions. I will let you know tomorrow whats posted by BOfA as part of their promotion.
CHECKCARD COSTCO GAS #00677 BURBANK CA DEBIT ON 11/05/2005 $3.02
CHECKCARD LINENS 'N THINGS BURBANK NY DEBIT ON 11/05/2005 $6.48
CHECKCARD SBC CONSUMER PH PM 800-750-2355 TX DEBIT ON 11/04/2005 $10.01
CHECKCARD SBC CONSUMER PH PM 800-750-2355 TX DEBIT ON 11/04/2005 $5.01
CHECKCARD T-Mobile 800-937-8997 WA DEBIT ON 11/04/2005 $5.01
CHECKCARD T-Mobile 800-937-8997 WA DEBIT ON 11/04/2005 $6.01
CHECKCARD T-Mobile 800-937-8997 WA DEBIT ON 11/04/2005 $12.01
CHECKCARD T-Mobile 800-937-8997 WA DEBIT ON 11/04/2005 $11.01
CHECKCARD T-Mobile 800-937-8997 WA DEBIT ON 11/04/2005 $10.01
CHECKCARD T-Mobile 800-937-8997 WA DEBIT ON 11/04/2005 $13.01
CHECKCARD T-Mobile 800-937-8997 WA DEBIT ON 11/04/2005 $3.02
CHECKCARD T-Mobile 800-937-8997 WA DEBIT ON 11/04/2005 $1.01
CHECKCARD T-Mobile 800-937-8997 WA DEBIT ON 11/04/2005 $4.01
CHECKCARD T-Mobile 800-937-8997 WA DEBIT ON 11/04/2005 $9.01 |
-
-
workingonit
- Senior Member
posted: Nov. 5, 2005 @ 1:44a
This offer does require both a checking and a savings account. BofA's "MyAccess Checking" account is fee-free with DD. Their "Regular Savings" account is fee-free if you set up at least one regular monthly automatic transfer from checking (of at least $25.00). Easy enough to transfer it back again each month. No minimum balances, except you need to keep enough in checking to cover that automatic transfer as well as the purchases and the "change."
The first three months are great; you can buy something for 10 cents, they move the 90 cents change from your checking account to your savings account and at the end of the year they match that 100% with another 90 cents. That's a 900% rebate -- sounds good to me! You don't have to try to max it out and score $250 for the year; just get in the habit of buying some small item on the debit card everywhere you go. A 50-cent purchase would yield a 100% rebate; even a $20.19 purchase would give a 4% rebate.
Even after the first three months, if you make a 10-cent purchase, at year's end they'll still ante up 5% of the 90 cents change. They'll probably round it down to 4 cents -- but still, 40% rebates are nice. The $1.01 gas purchases would no longer be worthwhile, though, as you can get a full 5% rebate on these (with no 1099) from many CCs.
So it all depends on your "hassle tolerance," whether this is worthwhile for you or not. |
-
-
BassKozz
- Senior Member
posted: Nov. 7, 2005 @ 4:37p
mnsweeps said:I registered this morning on phone ...
I should have registered via phone...
I registered online and this is the message I got:
Your enrollment application has been successfully transmitted and will be processed within 10 business days. We will notify you by email when your Keep the Change™ savings transactions begin.
I have to wait 10days 
I am interested in hearing your findings mnsweeps. |
-
-
mnsweeps
- Senior Member - 10K
posted: Nov. 7, 2005 @ 11:17p
BassKozz said:mnsweeps said:I registered this morning on phone ...
I should have registered via phone...
I registered online and this is the message I got:
Your enrollment application has been successfully transmitted and will be processed within 10 business days. We will notify you by email when your Keep the Change™ savings transactions begin.
I have to wait 10days
I am interested in hearing your findings mnsweeps.
I called yesterday and they said online reg might take 10 days so she registered me on phone..i guess at least 4 transactions I made is wasted but I made a lot of 0.01 transactions after registering on phone...why dont u call and register? Its realtime .. |
-
-
ng
- Happy Member
posted: Nov. 8, 2005 @ 5:24a
BassKozz said:mnsweeps said:I registered this morning on phone ...
I should have registered via phone...
I registered online and this is the message I got:
Your enrollment application has been successfully transmitted and will be processed within 10 business days. We will notify you by email when your Keep the Change™ savings transactions begin.
I have to wait 10days
I am interested in hearing your findings mnsweeps.
Ditto for me
Received an email next day stating I was enrolled:
Dear XXXXX,
Thank you for contacting Bank of America.
Congratulations! You are now enrolled in Keep the Change.
Now everything you buy can easily build your savings, one purchase at a
time.
How you Keep the Change.
At the end of each business day, the total of your debit card round ups
will be transferred to your selected savings account. Round up amounts
for a day will be added together and will appear on your statement or
Online Banking as a single transfer per day.
How we will match your savings.
For the first three months, we will match your Keep the Change savings
at 100 percent. When three months are over, we will continue
contributing 5 percent a year, every year.
Matching funds are paid annually, up to a maximum of $250 within 8 weeks
after the anniversary date of enrollment for accounts that remain open
and enrolled. Savings accounts eligible to receive matching funds
include Regular Savings, which requires a minimum opening deposit of
$100 and pays a variable annual percentage yield. Fees could reduce
earnings. |
-
-
BassKozz
- Senior Member
posted: Nov. 8, 2005 @ 6:44a
I can wait... besides bills aren't due for a few days anyways ...
I am dieing to hear your results mnsweeps, keep us posted.
The onlything that conserns me is how will you find out what you got for Change Back, if what ng said is true:
ng said:Matching funds are paid annually...
So you won't beable to find out untill Dec 31st, 2005 ?
or have I missed something ?
-BassKozz |
-
-
ng
- Happy Member
posted: Nov. 8, 2005 @ 6:53a
BassKozz said:I can wait... besides bills aren't due for a few days anyways...
I am dieing to hear your results mnsweeps, keep us posted.
The onlything that conserns me is how will you find out what you got for Change Back, if what ng said is true:
ng said:Matching funds are paid annually...
So you won't beable to find out untill Dec 31st, 2005 ?
or have I missed something ?
-BassKozz
Dunno.............
Matching funds are paid annually...
So you won't beable to find out untill Dec 31st, 2005 ?
or have I missed something ?
I pasted word for word the email I received from BOA
If that's so it totally sucks!  |
-
-
mnsweeps
- Senior Member - 10K
posted: Nov. 8, 2005 @ 8:46a
-
-
BassKozz
- Senior Member
posted: Nov. 8, 2005 @ 9:15a
-
-
mnsweeps
- Senior Member - 10K
posted: Nov. 8, 2005 @ 9:23a
BassKozz said:
This doesn't make sense... from my calulations you should have: $13.37 not $25.90, is there something you forgot to list ? or am I missing something ?
Yes, there are at least 12 more 0.01 debits which I have not added to this list.. |
-
-
BassKozz
- Senior Member
posted: Nov. 8, 2005 @ 9:25a
Awesome... I can't wait untill I get my confirmation e-mail  |
-
-
jeffe
- Member
posted: Nov. 8, 2005 @ 2:15p
Notice how it says within 10 business days. Just so your not caught by surprise, it could very well take effect much sooner.
BassKozz said:mnsweeps said:I registered this morning on phone ...
I should have registered via phone...
I registered online and this is the message I got:
Your enrollment application has been successfully transmitted and will be processed within 10 business days. We will notify you by email when your Keep the Change™ savings transactions begin.
I have to wait 10days
I am interested in hearing your findings mnsweeps. |
-
-
sandy05
- Senior Member - 1K
posted: Nov. 8, 2005 @ 3:37p
-
-
mnsweeps
- Senior Member - 10K
posted: Nov. 8, 2005 @ 5:13p
jeffe said:Notice how it says within 10 business days. Just so your not caught by surprise, it could very well take effect much sooner.
Day 1 : Signed online
Day 2 : Called on phone to confirm but she said it will take 10 days ..But she can do it asap realtime. I said go ahead.
Day 3 : Got an email from online folks that I am already registered for KTC on day 2.
So online reg takes within 2 days or so though they say 10 days. |
Close
|
|
 |
|
Not Already A Member?
Sign Up Now!
|
|
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
|
|
