Is keeping the change service with bank of america good ?

Question

i orderd this service but i dont know anything about it so please tell me your opinion .

thanks

Answer 1

If your talking about the "keep the change service" It may work if you have excess funds but if your close to your limit you can get screwed! An overdrawn checking account fee can ruin any money saved by this program. It all depends on your circumstances.

As far as BofA is concerned it works. They have money in your savings they can lend and if you overdraw they get a fee. A win/win situation for them!