Get the free DEBIT CARD ROUND UP APPLICATION 20120406
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It's My Credit Union It's Where You Belong! 609 West 21st St Yank ton, SD 57078 pH. (605) 6654309 PO Box 610 Parks ton, SD 57366 pH. (605) 9287520 www.scfcu.net 1501 Walnut St Springfield, SD 57062
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What is debit card round up?
Debit card round up is a feature where purchases made with a debit card are rounded up to the nearest dollar and the spare change is transferred to a savings account or used for charitable donations.
Who is required to file debit card round up?
Banks, financial institutions or organizations offering debit card round up services are required to file debit card round up transactions for reporting purposes.
How to fill out debit card round up?
Debit card round up transactions can be filled out by recording the rounded-up amount, the original purchase amount, and the destination of the spare change (savings account or charity).
What is the purpose of debit card round up?
The purpose of debit card round up is to encourage saving and charitable giving by simplifying the process of setting aside spare change from everyday transactions.
What information must be reported on debit card round up?
The information reported on debit card round up includes transaction details, rounded-up amounts, original purchase amounts, and destination of spare change.
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