Are you looking for the Nearest Bank Of America to manage your finances effectively? Beyond convenient branch locations, Bank of America offers innovative tools to help you reach your financial goals. One such tool is the Keep the Change® savings program, an effortless way to build your savings automatically with your everyday purchases.
Effortless Savings, Every Day
The Keep the Change® program is designed to make saving simple and almost invisible. It works by rounding up your Bank of America debit card purchases to the nearest dollar and automatically transferring the “change” to your enrolled Bank of America savings account. It’s a fantastic method to turn spare change from your daily spending into meaningful savings over time, without requiring extra effort or budgeting stress.
How Does Keep the Change® Work? It’s as Easy as 1-2-3
Getting started with Keep the Change® is straightforward. Here’s a breakdown of the simple process:
1. Enroll Your Debit Card
First, you need to enroll your preferred Bank of America debit card in the Keep the Change® program. Make sure it’s the debit card you use most often for your daily transactions. For maximum savings potential, consider using this enrolled card for both online purchases and recurring payments like subscriptions or bills. Enrolling is typically a quick process that can often be done online or at your nearest Bank of America branch.
2. Shop as You Normally Do
After enrolling, simply use your Bank of America debit card for your everyday purchases. Whether it’s grabbing coffee, buying groceries, filling up your gas tank, or making online purchases, each transaction is an opportunity to save. There’s no need to alter your spending habits; just use your card as usual.
3. Watch Your Savings Grow Automatically
Bank of America will automatically round up each debit card purchase to the nearest dollar. The difference, or “change,” is then transferred from your linked Bank of America checking account to your designated savings account. These round-ups accumulate throughout the day, and the total spare change is typically transferred at the end of each business day. Over time, these small amounts add up, leading to surprisingly significant savings.
Calculate Your Potential Spare Change Savings
To illustrate how quickly your savings can grow with Keep the Change®, consider these typical weekly purchases:
- Coffee: $2.30 – Round-up: +$0.70
- Lunch: $12.26 – Round-up: +$0.74
- Dry Cleaning: $9.43 – Round-up: +$0.57
- Groceries: $217.09 – Round-up: +$0.91
- Gas: $30.22 – Round-up: +$0.78
- Taxi: $9.50 – Round-up: +$0.50
- Merchandise: $36.35 – Round-up: +$0.65
- Movie Tickets: $18.34 – Round-up: +$0.66
Total Weekly Spare Change: [Calculate sum of round-ups]
This weekly spare change can accumulate to a substantial amount annually. The more you use your debit card for everyday purchases, the faster your savings can grow with the Keep the Change® program.
Getting Started with Keep the Change®
To enroll in Keep the Change® and start saving, you’ll need:
- A Bank of America Checking Account with a Debit Card: This account will be used for your everyday spending and from which the spare change will be drawn.
- A Bank of America Savings Account: This is where your rounded-up savings will accumulate.
If you don’t already have these accounts, you can easily open them. Visit the nearest Bank of America branch or explore account opening options online to find the checking and savings accounts that best fit your financial needs.
Maximize Your Bank of America Rewards
Keep the Change® is just one of the many ways Bank of America helps you manage and grow your money. Consider exploring these additional rewards programs to further enhance your financial benefits:
- BankAmeriDeals®: Earn cash back on purchases you make every day with personalized deals when you activate offers through online and mobile banking.
- Preferred Rewards: For clients with higher balances, Preferred Rewards offers even greater benefits and rewards on your everyday banking, including credit card bonuses and interest rate boosts.
- Credit Card Cash Rewards: Many Bank of America credit cards offer cash back rewards, which can be directly deposited into your Bank of America checking or savings account, further boosting your savings.
Connect with Bank of America
Have questions about Keep the Change® or need assistance finding the nearest Bank of America? You can connect with Bank of America through multiple channels:
- Phone: Call 844.375.7027 to speak with a representative.
- Online: Visit the Bank of America website for more information and online enrollment options.
- In Person: Schedule an appointment or visit the nearest Bank of America branch for personalized assistance.
Start making your spare change work for you. Enroll in Bank of America’s Keep the Change® program today and watch your savings grow effortlessly. Find the nearest Bank of America to get started and explore the full range of banking services designed to help you achieve your financial goals.
