Nigel87
New member
For those of you that bank at :sarcasm the wonderful Bank of America, how many of you have Keep the Change?
For those of you that don't know what it is, say you buy something for $1.50 on your check card, the $1.50 is rounded up to $2.00 and the difference (the $0.50 is put into your savings account). For the first 3 months BofA is matching 100% of the difference that is put into your savings account...
As a result of this I've been using my BofA check card for all kinds of purchases. And because I live in the :sarcasm wonderful socialist paradise known as Canada, I'll pay for something in Canadian $, then it's converted and taken out of my account in US $. So I get my monthly statement in the mail, and it makes the report I wrote for a class look like a short story. For 1 transaction it looks like:
10/31/2006 KEEP THE CHANGE TRANSFER TO ACCT XXXX FOR 10/30 -$0.66
10/31/2006 INTERNATIONAL TRANSACTION FEE -$0.13
10/31/2006 PURCHASE ON 10/30 AT SAIT-JOHN WARE CAF.- CALGARY AB -$4.34
I'm not using Keep the Change for BofA's :sarcasm great interest rates on their savings accounts (I think my change jar is earning more interest right now!), just for the first 3 months when BofA is matching 100%, then I found out they pay that on your 1 year anniversary :angry: .
I remember when I first moved up to the frozen white north, I had to use my BofA check card to buy stuff (I didn't have a Canadian bank account yet), I don't remember seeing international transaction fees (just the conversion from Canadian to US). And these fees range from $0.04 to $0.20 (it's based on a % of how much is spent).
For those of you that don't know what it is, say you buy something for $1.50 on your check card, the $1.50 is rounded up to $2.00 and the difference (the $0.50 is put into your savings account). For the first 3 months BofA is matching 100% of the difference that is put into your savings account...
As a result of this I've been using my BofA check card for all kinds of purchases. And because I live in the :sarcasm wonderful socialist paradise known as Canada, I'll pay for something in Canadian $, then it's converted and taken out of my account in US $. So I get my monthly statement in the mail, and it makes the report I wrote for a class look like a short story. For 1 transaction it looks like:
10/31/2006 KEEP THE CHANGE TRANSFER TO ACCT XXXX FOR 10/30 -$0.66
10/31/2006 INTERNATIONAL TRANSACTION FEE -$0.13
10/31/2006 PURCHASE ON 10/30 AT SAIT-JOHN WARE CAF.- CALGARY AB -$4.34
I'm not using Keep the Change for BofA's :sarcasm great interest rates on their savings accounts (I think my change jar is earning more interest right now!), just for the first 3 months when BofA is matching 100%, then I found out they pay that on your 1 year anniversary :angry: .
I remember when I first moved up to the frozen white north, I had to use my BofA check card to buy stuff (I didn't have a Canadian bank account yet), I don't remember seeing international transaction fees (just the conversion from Canadian to US). And these fees range from $0.04 to $0.20 (it's based on a % of how much is spent).
