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 band of financial possibilities and services designed to help clients bank confidently and improve their financial lives.
Harmony Assist ‘s the current into the a robust group of transparent, easy-to-use remedies for let all of our subscribers budget, save, spend and you can obtain carefully and you will with certainty, said D. Individuals need the power to achieve economic versatility and balances, consequently they are trying to easy, obvious solutions and you will information to enable them to along the way.
Bank of America website subscribers increases their financial fitness of the creating a benefit abuse, trying to create the credit, and you may boosting its budgeting enjoy simply by this band of useful choices. Delivered from business’s award-effective digital streams and you will knowledgeable fiscal experts, this band of safer financial alternatives assists fulfill clients’ casual financial, discounts and you will financing requires, and you can comes with:
These alternatives and you may features are available through the award-winning Financial from The united states Mobile Financial app and generally are 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 extra product 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 than dos billion website subscribers utilize this account, which is built to enable them to spend precisely the currency they offer. That have SafeBalance, there aren’t any overdraft costs additionally the month-to-month repairs fee is actually waived getting qualified students according to the age of twenty four otherwise members subscribed to our Popular Advantages system. Subscribers can make money with a beneficial debit credit or digitally whenever enrolled in Zelle , cellular or on the internet financial.
- Support the Alter online payday loans Washington direct lender Put within the 2005, Contain the Change is actually the original program of the type in order to assist customers make deals by immediately transferring free go from round right up debit card deals to the a family savings. Now, more six million clients fool around with Contain the Change. During the last fifteen years, this option keeps assisted readers direct over $fifteen mil in excess switch to coupons profile.
- Covered Card This easy and you may easier bank card may help customers establish, reinforce or rebuild its borrowing. Subscribers can use for an account that have a security put of $3 hundred. That have in control borrowing from the bank choices, website subscribers is enhance their credit rating and you may, throughout the years, may qualify to own its cover deposit came back.
- Affordable Home Loans In early 2019, Bank of America launched its $5 billion Society Homeownership Connection, 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 consistently generate a number of innovative ways to help the clients reach solid monetary footing, told you April Schneider, head regarding Consumer and you will Small business Points in the Bank off The united states. Choices such Harmony Assist, SafeBalance and you can Secure Credit assist render members with monetary stability, and can wear them an approach to longer-title monetary wellness.
These solutions are built to encourage good financial habits, as are additional resources available through Top 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
Financial out of The united states is among the world’s best financial institutions, serving individual users, smaller than average middle-field companies and enormous firms which have a complete variety of banking, expenses, house management or other monetary and you can risk management products and services. The organization will bring unrivaled comfort in the usa, helping just as much as 66 mil individual and you may home business clients that have whenever 4,3 hundred merchandising economic stores, as well as everything step three,one hundred thousand lending stores, dos,600 monetary stores which have a customer Financial support Financial Options Advisor and you can as much as 2,two hundred business stores; up to 16,900 ATMs; and you will honor-effective electronic financial having everything 39 billion energetic users, together with just as much as 29 million cellular pages. Bank from America was a global chief into the money management, corporate and capital financial and you will change all over a standard directory of asset groups, offering providers, governments, associations and folks in the world. Financial away from America now offers globe-leading support to whenever 3 million business domiciles by way of a beneficial room away from imaginative, easy-to-play with online products. The company caters to customers compliment of operations along the United states, its areas and everything thirty five places. Lender away from America Corporation stock (NYSE: BAC) was on the Ny Stock market.
For more Bank of America news, including dividend announcements and other important information, visit the Lender out-of The united states newsroom and sign up for news current email address alerts.