What is Bank of America Keep the Change?

Bank of America’s Keep the Change program is a unique way for customers to save money effortlessly while using their debit card for purchases. This innovative program rounds up each purchase made with a Bank of America debit card to the nearest dollar and transfers the difference from your checking to your savings account. So, if you were to make a purchase for $4.75, Bank of America would round up to $5.00 and move $0.25 from your checking account to your savings account. This service aims to help customers save more money without having to think about it, making it a convenient and easy way to build up your savings over time.

FAQs

1. How does Bank of America’s Keep the Change program work?

Bank of America’s Keep the Change program rounds up each purchase made with a Bank of America debit card to the nearest dollar and transfers the difference from your checking to your savings account.

2. Can I enroll in Bank of America’s Keep the Change program?

Yes, as long as you have a Bank of America checking and savings account, you can enroll in the Keep the Change program.

3. Is there a fee for using Bank of America’s Keep the Change program?

No, there is no fee for using Bank of America’s Keep the Change program. It is a free service offered to Bank of America customers.

4. Can I choose which purchases are rounded up in Bank of America’s Keep the Change program?

No, all purchases made with your Bank of America debit card will be rounded up to the nearest dollar in the Keep the Change program.

5. What happens if I don’t have enough funds in my checking account for a round-up transfer in Bank of America’s Keep the Change program?

If you do not have enough funds in your checking account for a round-up transfer, the transfer will not be made.

6. Can I opt out of Bank of America’s Keep the Change program at any time?

Yes, you can opt out of the Keep the Change program at any time by contacting Bank of America customer service.

7. How much money can I save with Bank of America’s Keep the Change program?

The amount you can save with the Keep the Change program will depend on how frequently you use your Bank of America debit card for purchases.

8. Are there any restrictions on what I can use my savings from Bank of America’s Keep the Change program for?

No, you can use the savings from the Keep the Change program for any purpose you choose.

9. Can I withdraw the savings from Bank of America’s Keep the Change program at any time?

Yes, you can withdraw the savings from the Keep the Change program at any time without any penalties.

10. Are there any limits to how much I can save with Bank of America’s Keep the Change program?

There are no explicit limits to how much you can save with the Keep the Change program, but the program is designed to help customers save small amounts over time rather than large lump sums.

11. Will Bank of America notify me of the round-up transfers in the Keep the Change program?

Yes, Bank of America will send you notifications of the round-up transfers made from your checking account to your savings account through the Keep the Change program.

12. How can I track the savings from Bank of America’s Keep the Change program?

You can track the savings from the Keep the Change program by checking your Bank of America savings account balance regularly or by reviewing your account statements.

Dive into the world of luxury with this video!