Banks Can Help You Save

I am currently banking with Wachovia, soon to be Wells Fargo. Every time I use my debit card, $1.00 of my money in my checking account gets transferred to a Way-to-Save account. Every time I transfer from one account to another on-line, they also put $1.00+ in my Way-to-Save account.

Now, I know this is my money, but I wouldn't have "saved" it otherwise. Just being in a separate account keeps me from spending it. And I don't seem to miss it from my checking account. Sometimes I really do need to get into that money, but it starts rebuilding right away. I love seeing it mount up and in a strange, but lucrative way, I spend money to save money. See if you can find a bank that offers this service. For whatever reason, this seems to help me a lot and I'm very glad I have this.

By Sharon from Silver Spring, MD

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By 10/08/2012

We used to bank at Wells Fargo but quit because they ended their rewards program, and that was why we started there in the first place. We did find a smaller, more personal bank that has the greatest rewards program. I earn free gift cards, or other free gifts, just for paying bills and using my debit card!! There's even free travel offered as well. This month, I should have $100 worth of points accumulated. Am not sure if I'm just going to keep building them or cash out. This is a great way to get free Christmas gifts for others or surprises for my own self!

By 10/07/2012

Look for a bank that has a rewards or Kasasa checking account. I found one that offers 3% interest. Then there is money added to my account that was not mine.
There are some requirements like accepting electronic statements, an automatic deposit or withdrawal, and ten - fifteen debit card transactions. Look at the balance that they pay the interest on. I've seen them set at $10,000 to $25,000 balances.

By 10/07/2012

I have been doing this with Bank of America for 12 years! This savings really adds up after a while and I often use it to buy gifts with.

By 10/07/2012

What happens if someone looses count on how many dollars have transfered to savings and overdraws the checking account?
Will that money get transfed back without an overdraft fee?

that is not the account for me, thank you