Lender of The united states 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 monetary choices and services designed to help clients bank confidently and improve their financial lives.
“Harmony Assist is the current for the a powerful selection of transparent, easy-to-use remedies for help our very own clients finances, cut, purchase and you will acquire very carefully and you may confidently,” told you D. “People require the benefit to achieve financial versatility and balance, and are usually trying effortless, clear selection and you will advice to assist them in the act.”
Financial out of America website subscribers can increase its financial fitness from the establishing an economy punishment, working to create their borrowing from the bank, and boosting its cost management experience to some extent by this set of of good use options. Produced from businesses award-profitable electronic avenues and knowledgeable financial specialists, it number of secure banking selection helps see clients’ everyday financial, coupons and credit demands, and you can comes with:
These choice and you may attributes come from honor-winning Financial regarding The usa Mobile Banking app and are generally backed by Erica, our electronic 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 equipment information 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, more 2 million readers utilize this account, that’s built to enable them to invest only the money it have available. Which have SafeBalance, there are no overdraft costs while the month-to-month maintenance percentage are waived to have qualified college students under the ages of twenty-four or clients subscribed to our very own Popular Advantages program. Clients helps make payments that have a beneficial debit credit or digitally whenever signed up for Zelle ® , mobile or on line financial.
- Support the Alter ® – Introduced in 2005, Keep the Alter is the first system of their kind so you can assist readers build offers because of the immediately depositing spare move from circular up debit cards purchases on a checking account. Now, over six million readers play with Keep the Transform. Over the past 15 years, this option provides assisted readers direct more than $fifteen billion excessively switch to discounts levels.
- Safeguarded Credit – This simple and you can smoother credit card may help members expose, reinforce or reconstruct its borrowing from the bank. Readers can use getting a free account with a security put from $three hundred. With in charge credit behavior, readers can also be boost their credit score and you may, over the years, can get be considered getting the defense put came back.
- Affordable Home Loans – In early 2019, Bank of America launched its $5 billion Area 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.
“We continue to make several imaginative solutions to let the customers go good financial footing,” told you April Schneider, direct off Consumer and Small business Points at Financial of The united states. “Alternatives eg Balance Let, SafeBalance and you may Safeguarded Cards let bring readers with monetary stability, and certainly will put them on an approach to offered-name economic fitness.”
These solutions are built to encourage good financial habits, as are additional resources available through Best Currency Activities ® , 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 just one of the earth’s best loan providers, helping private people, smaller than average middle-field businesses and large agencies that have the full variety of financial, paying, investment government or other monetary and risk management products. The business provides unmatched convenience in the united states, helping approximately 66 billion consumer and you may business clients which have whenever cuatro,3 hundred merchandising economic locations, and additionally just as much as step three,one hundred thousand financing stores, 2,600 monetary facilities having a consumer Resource Economic Choice Advisor and you will whenever dos,2 hundred team stores; just as much as 16,900 ATMs; and you will award-successful electronic banking with approximately 39 billion energetic users, along with just as much as 30 mil cellular pages. Financial of The united states is actually a worldwide chief from inside the wealth government, business and you will investment banking payday advance loans Covington TN and you may trade round the an over-all set of house categories, helping corporations, governing bodies, institutions and folks international. Financial from The usa offers industry-best help in order to whenever step 3 mil small business households by way of a great suite from creative, easy-to-have fun with on the web products and services. The firm serves readers as a result of procedures along side All of us, its areas and just as much as 35 countries. Financial of America Firm stock (NYSE: BAC) was listed on the Ny Stock-exchange.
For more Bank of America news, including dividend announcements and other important information, visit the Lender of The usa newsroom and create news email notice.