Originally Posted by Bucko
According to the T&C and the rep I spoke with, BofA will match 100% of the rounded up amounts for the first 3 months. After that they will match 5% of the saved amount. It requires $100 to open. If you want to avoid the $3/month maintenance fee (I think that's right) then you'll need to deposit $300. One thing I might try to do more often is pay for those 99 cent items ($1.07 or so after tax) with my debit card. Thus, I'll save 93 cents and BofA will match it. .
OK, just so I'm clear on this: I buy an item for $1.07. BofA will give me the 93 cents to round it up to the nearest dollar AND match the 93 cents? So, in effect, I'm spending $1.07 and getting $1.86 in return? That sounds impossible, even for three months. If so, I could go to the 99 cents only store and keep buying solitary items: for every transaction, I get the purchased item (unless I decide to return it) essentially for free and an additional 79 cents? OK, granted they'd think I was a freak, but if I did that 100 times a day for three months I'd end up with...drumroll please... $7,110 for free (plus 9,000 99 cent items). If my math is wrong, tell me; otherwise, I'm sending Mrs. Don in LA off to BofA and then the 99 cent only store tomorrow.