I have lived in two countries (Netherlands and Canada) who converted to
a penniless cash system and in both cases it worked as you describe: any
cash transaction was rounded to the nearest five cents but all digital
transactions remained as they always were.
It's much less of an actual event than most people fear beforehand, and
in a couple of months everyone's forgotten it.
There was a university professor who did a whole project on tracking his
gain/loss on rounded transactions to determine if the scaremongers were
right. He tracked several hundred cash transactions over a year or so
and ultimately wound up being like about $0.07 up over the whole year.
But that doesn't seem to what's happening in the OP's case, as in both
Canada and Netherlands a $9.98 item remains as $9.98 on one's credit
card statement (and/or any other digital statement, for that matter).
Paul
On 2025-06-23 4:35 p.m., Boniforti Flavio wrote:
Well - I might understand when it comes to paying for something with cash.
But let's be honest: nowadays in the digital world, a bank can have a
transaction for 9,98 and it won't be rounded up. So to my eyes this is
simply another way of f**ing with your customers... I mean: I'm not going
to pay my credit card bills with cash! So there's no issue if they send me
a non-rounded-up bill for it!
Again: I'll leave this bank in 3 years time (still bound with mortgage).
F.
https://www.instagram.com/boniforti_music
https://soundcloud.com/boniforti_music
https://bonny-j.bandcamp.com
Am Mo., 23. Juni 2025 um 22:24 Uhr schrieb R Losey <[email protected]>:
Wow. I've never run across this... when my credit card account doesn't
reconcile, it has nearly always because I mis-entered a charge. I've never
had charges rounded up.
Having said that, I had heard news stories that in the USA, they are going
to stop making pennies, so I assume that prices for cash amounts will begin
to round (or round up) to the nearest 5 cents.
On Mon, Jun 23, 2025 at 12:21 PM Boniforti Flavio <[email protected]>
wrote:
Yes, now I'm sure as the bank replied to me that it is the "roundup rule"
being applied: between 0.10 and 0.12 it gets rounded back to 0.10 - the
rest is rounded up to 0.15.
This is crap, as the bank has no issues in paying something like 12.98 for
something I bought with my credit card - without rounding it up! But when
the invoice is emitted, the total is rounded up?! I still have to live 3
years with this bank, then I'll change...
F.
https://www.instagram.com/boniforti_music
https://soundcloud.com/boniforti_music
https://bonny-j.bandcamp.com
Am Mo., 23. Juni 2025 um 14:43 Uhr schrieb Fred Bone <[email protected]>:
On 23 June 2025 at 11:58, Boniforti Flavio said:
Hi all.
I'm back at this topic because I found something weird (maybe it's
just
my
bank, or it's every bank but I never paid attention to it). I received
the
credit card invoice for the period 14.05.2025-15.06.2025 and the final
invoice amount is being rounded up by 2 cents: [image: image.png] I've
sent a request for clarification to the bank, but in the meantime: how
should I handle this in GnuCash? The reconciliation will not match the
credit card invoice, so how should I proceed?
Are you quite sure there isn't a brought-forward 0.02 being included?
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Micah 6:8
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