Keep the Change® Savings Service

When you enroll in our Keep the Change savings service, we round up the amount of any debit card purchase made by you or a joint owner of your checking account to the next whole dollar amount, and transfer the amount in excess of the purchase price from your checking account to your savings account.

We aggregate the round-up from purchases that post to your checking account each business day and make a single transfer (the “Keep the Change” transfer) at the end of the business day. If on a business day you do not have sufficient available funds in your checking account, or if any transaction has overdrawn your checking account, we do not round up purchases posted on that business day and we cancel the Keep the Change transfer for that day.

If your debit card purchase is subsequently canceled or reversed, the corresponding Keep the Change transfer will remain in the savings account. We may cancel the Keep the Change service at any time. Keep the Change is available only on a debit card linked to your Bank of America checking account.


Keep the Change Matching Promotion

We match 100% of the amount of your Keep the Change transfers during the first 3 months after you enroll. The maximum total match is $250.

We will only match Keep the Change transfers on up to 5 checking accounts per depositor (including joint depositors) or up to 5 checking accounts per household, whichever is less.

The matching funds will be credited to your savings account, within 8 weeks after the anniversary month of your Keep the Change enrollment. To receive the matching funds, your checking and savings accounts must be open and in good standing and you must still be enrolled in Keep the Change at the time the matching funds are credited. Purchases with co-branded or rewards debit cards are not eligible for matching. Additional matching funds may be available through special arrangements with certain merchants and organizations. Please ask an associate for details.

You will not receive the matching funds for: a.) purchases of cash-like items, such as traveler’s checks, foreign currency, cashier’s checks, gaming chips, and other similar instruments and things of value; and b.) account funding transactions including transfers to open or fund deposit, escrow, or brokerage accounts and purchases of stored value cards. We may terminate the matching promotion at any time without notice.

The promotional matching funds will be reported to the IRS on Form 1099.