Accounting Programs

Brendan asked:


As many of you may know, Bank of America offers a “keep the change.” program. The catch is it only lasts for 3 months after you enroll in it, and i BELIEVE the only second catch is a $250 cap

As you may know it works like this: You buy something for $2.50, they credit your checking account by (-$3.00) and they debit your savings account with (+$.50) and then later in the year they will AGAIN debit you w9th (+$.50) as they match the change for 3 months after you enroll

My question is if i can just go to like a grocery store and keep ringing up individual items, say in the self checkout line and make money this way up to the $250 cap. Suppose i want to buy 5 items at the store, and i just ring up one item at a time so i keep getting seperate purchases. Would this work or does Bank of America also have like a limit on the number of purchases per day with the program? I can’t find anything in their terms for something of such, and it almost sounds too good to be true; is it?
Edit to response #1: Yes, that is true, but *not* prior to three (3) months under their program. Before the 3 month limit, they match 100% of your change- this is the key point. After the 3 months, you are generally correct- they only match 5% of your change. So if you buy something for $1.50 it costs you $2 and they match 5% of $.50 which is only $.025 (2 and a half cents) which is basically negligible.
Apple- Actually, it wouldn’t be a waste of time really if you did it in a method or a similar method to the one that I described. Consider my example again: Many grocery stores like stop and shop have self-checkout lines without a sales clerk. All youde do is ring up one item at a time. Many times i will buy 30 or more items at a grocery store, if the 30 items have an average of 50 cents above or below the nearest dollar, i’d make $15 doing this for the first three months of the program, if there are no daily limits (after 3 months, it’d be only a $.75 cent savings, not worth the effort).

You can really only do this at a store with self-checkouts if this is correct because a cashier who is a person most likely wouldn’t do this for you…

James