How many times?
#42
Re: How many times?
Originally Posted by Dr.Boost
So if the $1 isn't there, they don't transfer it? If I don't have at least $25 in my account on the 15th of the month they will transfer it and charge my checking account an overage fee.
#43
Re: How many times?
Originally Posted by cbirchmore
All of that is correct. The transfer to the savings for the $1 is something that WE do.. The $25 is something that (at some point in time) you have established, whether it be to get an account for free or to save $$$. So, the $25 is YOUR FAULT if the $$$ isn't there, but the bank isn't stupid enough to make itself mess up
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#44
Re: How many times?
Originally Posted by cbirchmore
That's probably to avoid any monthly fees on the savings account. That's the thing, w/ Wachovia, we still give you the ability to Xfer it back to checking, BUT we're paying you a 5.00% APY on the funds you leave in there. This isn't an ordinary savings account, as you can only Xfer $100 per month into the account, aside from debit card and auto debit transactions. BUT, if you make 50 transactions per month, and Xfer $100 in, in a 12 month time frame, you've saved $1800, plus you've been earning a fairly high interest on those funds for that time. The way I look at it, I just opened my account w/ that service (as it's brand new) and I'm calculating what I will have to spend for Christmas..
#45
Re: How many times?
I have Bank of America and use the "Keep the change" program. I usually end up with $30-$50 a month that goes right into my savings. I don't ever carry cash and use my card for pretty much everything. I average about 100-120 swipes a month. It is a pretty easy way to save some cash when you are not even trying to. Cool thing with BoA is they match your total 100% the first year. I am coming up on 1 year in about a month, interested to see how much it works out to be.
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