Lender of The usa today introduced Balance Assist™, a revolutionary new solution that provides a low-cost way for clients to manage their short-term liquidity needs, borrowing only the amount they need, up to $500. Balance Assist is the latest offering in a comprehensive set of economic options and services designed to help clients bank confidently and improve their financial lives.
“Harmony Assist is the newest into the a powerful number of clear, easy-to-have fun with solutions to let our very own subscribers funds, rescue, invest and you will use meticulously and you can with certainty,” told you D. “Somebody require the benefit to reach economic liberty and you will balance, and so are trying to simple, obvious choices and you can guidance to enable them to along the way.”
Financial away from The united states customers increases its economic physical fitness from the starting a cost savings punishment, attempting to create their borrowing, and you may improving its cost management experiences partly through this number of useful choice. Delivered from the company’s prize-profitable electronic channels and knowledgeable financial specialists, it group of safer banking solutions facilitate see clients’ everyday financial, deals and you will financing requires, and has:
These types of options and you can properties arrive through the award-profitable Financial off The usa Mobile Banking app and are generally supported by Erica, our very own digital assistant
- Balance Assist – With this new short-term, low-cost loan, Bank of America clients can now borrow up to $500 (in increments of $100) for a $5 flat fee regardless of the amount advanced to their account. Repayments would be made in three equal monthly installments over a 90-day period. To learn more, review these even more unit facts and eligibility criteria. Borrowers must have been a Bank of America checking account client for at least one year. Balance Assist is scheduled to launch in select states by and in remaining states early next year.
- SafeBalance™ – Today, over 2 billion customers make use of this account, that’s designed to help them invest precisely the money they offer. That have SafeBalance, there are not any overdraft fees plus the month-to-month repairs payment try waived to possess qualified college students beneath the period of twenty-four or members signed up for all of our Popular Rewards system. Subscribers renders payments with a debit cards otherwise digitally when signed up for Zelle ® , mobile otherwise online financial.
- Contain the Transform ® – Delivered within the 2005, Secure the Changes are the initial program of its form to assist readers create deals because of the instantly depositing spare go from round up debit credit transactions with the a savings account. Today, more than six mil clients have fun with Hold the Changes. Within the last fifteen years, this choice features aided customers head more $fifteen billion in excess change to coupons levels.
- Protected Credit – This easy and you may convenient bank card may help clients establish, bolster or reconstruct its borrowing. Members can apply to possess a free account with a protection deposit from $3 hundred. That have in charge borrowing from the bank choices, members is also improve their credit history and, through the years, get meet the requirements to own the protection deposit returned.
- Affordable Home Loans – In early 2019, Bank of America launched its $5 billion Neighborhood Homeownership Commitment, which has already helped nearly 13,000 low- and moderate-income homebuyers achieve homeownership through low down payment loans and down payment and closing cost grants.
“I always make a variety of creative methods to assist all of our subscribers reach solid financial footing,” said April Schneider, lead regarding Individual and you can Small business Things at Lender out-of The united states. “Possibilities particularly Balance Let, SafeBalance and you will Secure Cards help give clients that have financial balance, and can use them an approach to longer-term financial fitness.”
These solutions are built to encourage good financial habits, as are additional resources available through Ideal Currency Patterns ® , our free financial education platform that provides a simple, accessible way to connect people to the tools and education they need to help take control of their finances. Since 2013, Better Money Habits content has been viewed more than 120 million times.
Bank of America
Lender from The usa is one of the planet’s top financial institutions, helping private people, smaller than average center-sector people and enormous companies with the full list of financial, purchasing, investment administration and other economic and you will risk management services and products. The company provides unrivaled comfort in the usa, serving just as much as 66 billion user and you can home business customers that have around cuatro,three hundred shopping monetary centers, including up to step three,100 financing facilities, dos,600 financial centers which have a customers Financial support Financial Choices Coach and you may approximately 2,200 organization stores; just as much as sixteen,900 ATMs; and you will prize-successful electronic financial that have approximately 39 billion productive users, as well as everything 30 billion cellular profiles. Financial out of The usa is actually an international commander within the wide range administration, corporate and you may resource banking and you will change across the an over-all set of house kinds, helping providers, governments, associations and individuals internationally. Bank away from America also provides business-leading service in order payday loans in Pennsylvania to approximately step 3 mil small business home courtesy a suite from imaginative, easy-to-fool around with on line products and services. The business caters to readers as a consequence of businesses over the You, the territories and you may around thirty-five countries. Lender regarding America Enterprise stock (NYSE: BAC) are on the Ny Stock market.
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