Bank of America offers a truly one of a kind savings, checking and debit card promotion. In order to avail of this, the depositor must have a savings account, checking account, and a check debit card. So here’s how it works, the program is called “Keep the Change”, and rightly so. Because for every purchase made with the debit card, Bank of America rounds the purchase off to the nearest dollar and transfers the rest automatically from your checking account to your savings account. In a way, it’s as if you’ve got automatic savings.

For example, let’s say you bough a pair of shoes at $25.01. The charge that goes to your debit card will automatically be $26, and the 99 cents that wasn’t part of the original price will be directed to your savings account. Another big plus aside from automatic savings is that during the first three months, Bank of America will match whatever amount you “saved”. So by the end of the year, Bank of America will give you another 99 cents, up to a maximum of $250.

Some people have found some creative ways to build up their “savings”, such as filling up their gas tanks to only $2.01 at a time, buying stamps at an automated machine, or buying small purchases in a grocery one at a time instead of by bulk. Whatever your strategy may be, it’s time to get creative just to get to that $250.

Some limitations are that ATM purchases are not considered to be a part of the promotion. Only five checking accounts per depositor is allowed, or five checking accounts per household, whichever is lower. Eligible savings account includes the Regular Savings Account with a minimum opening balance of $25. And also, the Keep the Change promotion may be modified or canceled at any time, without prior notice. Some fees may reduce earnings.

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