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PowerPennies Checking and Debit Statement

Sample - Rounding to the Next Dollar on all debit transactions, not just transactions containing pennies.

1. Make checkbook entry as usual.
2. Add $1.00 Rounder to whole dollar amount of check, debit, ATM - always ignore the pennies.
3. Deduct Rounded Amount from balance.

 

 

(1)

 

(2)

 

(3)

 

 

Ck.

Date

Transaction

Payment/

Code/Fee

Deposit/

Balance

 

 

#

 

Balance Forward

 Debit

 (Rounded Amt)

 Credit

$863.00

 

Issuer’s routine will calculate a running total of the pennies donated.

 

 

 

 

 

 

 

 

 

102

4/1

Pharmacy

$92.58

-$93.00

 

$770.00

 

 $.42 added to Rounder to $93.00

 

 

 

 

 

 

 

 

 

103

4/2

Water Company

$51.20

-$52.00

 

$718.00

 

 $.80 added to Rounder to $52.00

 

 

 

 

 

 

 

 

 

 

4/2

Deposit

 

$1,782.00

*$1,782.04

 $2,500.00

 

Rounded down to $1,782 - $.04 donated

 

 

 

 

 

 

 

 

 

 

4/3

ATM - Withdrawal

$60.00

-$61.00

 

$2,439.00

 

 $1.00 added to Rounder to $61.00

 

 

 

 

 

 

 

 

 

104

4/5

Mortgage

$1,320.00

-$1,321.00

 

$1,118.00

 

 $1.00 added to Rounder to $1,321.00

 

 

 

 

 

 

 

 

 

105

4/5

Car Insurance

$366.25

-$367.00

 

$751.00

 

 $.75 added to Rounder to $367.00

 

 

 

 

 

 

 

 

 

106

4/8

Electric Company

$128.92

-$129.00

 

$622.00

 

 $.08 added to Rounder to $129.00

 

 

 

 

 

 

 

 

 

 

4/8

Food store - Debit

$63.45

-$64.00

 

$558.00

 

 $.55 added to Rounder to $64.00

 

 

 

 

 

 

 

 

 

107

4/10

RiteAid

$21.89

-$22.00

 

$536.00

 

$.11 added to Rounder to $22.00

 

 

 

 

 

 

 

 

 

108

4/11

Macy’s

$212.00

-$213.00

 

$323.00

 

$1.00 added to Rounder to $213.00

 

 

 

 

 

 

 

 

 

109

4/13

Bed & Bath

$124.18

-$125.00

 

$198.00

 

$.82 added to Rounder to $125.00

 

 

 

 

 

 

 

 

 

110

4/14

Deposit

 

$2,789.00

*$2,789.23

$2,987.00

 

Rounded down to $2,789 -$.23 donated

 

 

 

 

 

 

 

 

 

111

4/14

Direct TV

$98.92

-$99.00

 

$2,888.00

 

$.08 added to Rounder to $99.00

 

 

 

 

 

 

 

 

 

 

4/15

Food Store - Debit

$212.26

-$213.00

 

$2,675.00

 

$.74 added to Rounder to $213.00

 

 

 

 

 

 

 

 

 

112

4/16

Tickets

$250.00

-$251.00

 

$2,424.00

 

$1.00 added to Rounder to $251.00

 

 

 

 

 

 

 

 

 

113

4/18

Brooks Brothers

$359.02

-$360.00

 

$2,064.00

 

$.98 added to Rounder to $360.00

 

 

 

 

 

 

 

 

 

 

4/18

ATM Withdrawal

$200.00

-$201.00

 

$1,863.00

 

$1.00 added to Rounder to $201.00

 

 

 

 

 

 

 

 

 

114

4/20

Plant Store

$68.72

-$69.00

 

$1,794.00

 

$.28 added to Rounder to $69.00

 

 

 

 

 

 

 

 

 

115

4/21

Barnes & Noble

$57.23

-$58.00

 

1,736.00

 

$.77 added to round to $58.00

 

 

 

 

 

 

 

 

 

116

4/22

Credit Card Pay

$1,000.00

-$1,001.00

 

$735.00

 

$1.00 added to round to $1,001

 

 

 

 

 

 

 

 

 

117

4/28

Shoe Store

$37.42

-$38.00

 

$697.00

 

$.58 added to Rounder to $38.00

 

 

 

 

 

 

 

 

 

118

4/29

Hair Salon

$73.29

-$74.00

 

$623.00

 

$.71 added to Rounder to $74.00

 

 

 

 

 

 

 

 

 

 

4/30

ACH - EPC
(PowerPennies)

$13.94

-$14.00

 

$809.00

 

$.06 added to Rounder to $14.00

*Notes
At the time of depositing, the coin amount is swept into the PowerPennies account.
For these twenty withdrawals, the amount going into Power Pennies would total $13.94, which is rounded up to $14.00 in the ACH. The ACH is rounded up so that the balance in the checkbook will always be an even amount. Based on the above example, this checking account customer would conveniently donate $168.00 per year to their charity.

The routine (as displayed above right) need not be printed in the statement.

Return to: PowerPennies Checking and Debit Card