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Bank of America - Keep the Change

T

thirdlegstump

Banned
"For the first three months, we'll match your Keep the Change? savings at 100%. That means for every Keep the Change transfer, we'll contribute the same amount to your Bank of America savings account. And when the three months are over, to make it even easier to save, we'll continue matching 5% a year, every year."

"We match 100% of the amount of your Keep the Change transfers during the first three months after you enroll, and we will match 5% thereafter.

The matching funds will be credited to your savings account annually, within 8 weeks after the month in which the anniversary of your enrollment in the Keep the Change savings service occurs. To receive the matching funds, your checking and savings accounts must be open and in good standing and you must still be enrolled in the Keep the Change savings service at the time the matching funds are credited. Purchases with co-branded or rewards Visa debit cards are not eligible for matching."

Can anyone explain this in English for Dummies?
 
If you spend $4.95, they transfer your nickel to the savings account. For the first three months they will also put in a nickel (up to $200 IIRC).

After three months, they transfer your nickel and add another 0.25 cents of their own.
 
Each time you buy something with your Bank of America Visa® debit card, we?ll round your purchase to the nearest dollar amount and transfer the difference from your checking account to your savings account. You get to keep the change and grow your savings. What could be easier?

Text
 
Originally posted by: MikeyIs4Dcats
If you spend $4.95, they transfer your nickel to the savings account. For the first three months they will also put in a nickel (up to $200 IIRC).

After three months, they transfer your nickel and add another 0.25 cents of their own.
Click to expand...

That's how they should've worded it in the first place. Thanks.
 
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