AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
How Bank of America holds on to the change.(up-front: News / Trends / Advice)
It was hard to miss the upbeat commercial during the nightly 2006 Winter Olympics broadcasts: a happy-go-lucky couple spending their way through a night on the town, paying for everything with a Bank of America debit card.
The spot was part of the bank's campaign to promote its new "Keep the Change" debit card, which promises to help you save by spending. But it will take a long time for the iconic change jar to fill up, judging from the promotion's terms.
THE REAL DEAL
Here's how Keep the Change works: Let's say that you use your debit card to pay for a $4.50 sandwich. Bank of America deducts the rounded-up amount ($5) and electronically transfers the 50-cent difference to your Bank of America savings account at the end of the day. The bank will match 100 percent of rounded-up contributions for the first three months, 5 percent thereafter.
Don't rush to use the debit card to earn a new car or college tuition. Those matching contributions (which, by the way, are taxable and therefore reported to the Internal Revenue Service) are capped at $250 a year and are credited annually-after you've been ...
- PSCU's Debit Card Incentive Program Is Racking Up Transactions.(Debit News)
- Newspaper article from: ATM & Debit News April 23, 2009 700+ words
...increasingly popular among banks and credit unions...Boston. "Incenting debit card use is like any other...marketing program. A bank or credit union has...benefits issuing banks and credit unions...cash purchases to debit card transactions. Financial...
- Capital One's New Debit Card Will Test Visa's Hold on Market.
- Newspaper article from: ATM & Debit News June 7, 2007 700+ words
...card and the bank's checking...account with same bank that issues your debit card. The traditional...card allows banks to directly...that." Large banks that are credit...relationship with the bank, Schatt says...Capital One debit card is a "breakthrough...
- Debit Card Solution Produces 500% Increase in Transaction Sales
- Press release article from: PR Newswire August 15, 1996 700+ words
...bank also uses the debit card program as a gateway...enables F&M Bank to have substantial...Treece said. "Many banks that select a third party to run its debit card program do not enjoy...Treece said her bank decided to create...
- CAPITAL ONE ISSUES DEBIT CARD NOT TIED TO A PARTICULAR BANK.
- Newspaper article from: Cardline June 8, 2007 700+ words
...MasterCard-branded debit card that is not tied to any particular bank's checking account...With a traditional debit card, the card and the bank's checking account...consultancy. Capital One's debit card, however, breaks up...
- Debit card fees pit merchants vs. consumers.(RETAIL)
- Magazine article from: New Hampshire Business Review Stone, Tracie April 13, 2007 700+ words
...appear to favor either the bank issuing the debit card or the merchant processing...transactions with PINs, banks issuing debit cards prefer...fees associated. Many banks now offer rewards programs to debit card users when they make debit...
- Some Orange County, Calif., Companies Pay Workers on Debit Card.
- Newspaper article from: The Orange County Register (Santa Ana, California) (via Knight-Ridder/Tribune Business News) April 6, 2002 700+ words
...employees the payroll debit-card option. Most people...to use the card as a bank debit card afterward instead of...it? Comdata Inc.'s debit card loaded with your paycheck...Truckers. People without bank accounts. People who...
- New York Senator Wants Banks to More Openly Display Their Debit Card Fees.
- Newspaper article from: Knight Ridder/Tribune Business News September 16, 2003 700+ words
...purchase amount." Several banks do not charge for a debit card transaction when the customer enters a PIN number. Those banks include HSBC Bank USA, First Niagara Bank...to encourage usage of the debit card with our customers," said...
- Citibank Introduces New Debit Card Earning American Airlines AAdvantage Miles;...
- Press release article from: Business Wire January 23, 2002 700+ words
...introduction of the Citibank AAdvantage(R) Debit Card, which will allow users to receive American Airlines AAdvantage miles for all debit card signature-required purchases, as well...phone, mail order and point-of-sale debit card purchases when "credit" is selected...
