Financial regarding 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 selection of economic possibilities and services designed to help clients bank confidently and improve their financial lives.
“Harmony Let ‘s the current into the a robust gang of clear, easy-to-have fun with remedies for let the website subscribers funds, save your self, purchase and you may use carefully and you can with confidence,” told you D. “People need the benefit to achieve monetary freedom and you can stability, and are generally seeking to effortless, clear alternatives and guidance to help them in the act.”
Lender away from The usa customers increases its financial fitness of the setting-up an economy punishment, attempting to make their credit, and improving its cost management enjoy in part from this gang of of use possibilities. Produced through the business’s honor-successful digital channels and you will knowledgeable fiscal experts, this selection of safer financial choices helps see clients’ everyday financial, offers and you may credit demands, and you can has:
- 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 see monthly installments over a 90-day period. To learn more, review these a lot more device 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™ – Now, over 2 million readers make use of this account, that is made to help them purchase precisely the money it offer. Which have SafeBalance, there aren’t any overdraft fees additionally the monthly fix fee is waived for eligible college students within the period of twenty four or members subscribed to the Prominent Advantages program. Subscribers produces payments which have a good debit cards or digitally when signed up for Zelle ® , cellular or on the internet financial.
- Support the Alter ® – Lead in the 2005, Hold the Change is the initial system of their type so you can assist members build discounts from the immediately deposit spare change from game right up debit cards transactions toward a family savings. Now, more six billion customers play with Hold the Changes. During the last fifteen years, this method possess aided website subscribers direct more than $fifteen billion excessively switch to discounts account.
- Secure Cards – This easy and easier bank card can help clients present, bolster or rebuild the credit. Members can put on to possess an account that have a security put away from $three hundred. That have in charge credit conclusion, customers is boost their credit history and you may, over time, may meet the requirements for their defense deposit came back.
- Affordable Home Loans – In early 2019, Bank of America launched its $5 billion Community 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.
For much more Lender from America development, along with dividend notices or other important info, visit the
“We still write various innovative ways to assist our members achieve solid economic ground,” told you April Schneider, direct out-of User and you will Small business Issues at Bank regarding America. “Choice such as for example Equilibrium Let, SafeBalance and you will Safeguarded Cards let provide customers with monetary balances, and certainly will put them on a route to longer-label monetary fitness.”
These solutions and services are available through the award-winning Bank of America Mobile Banking app and are supported by Erica, our digital assistant. These solutions are built to encourage good financial habits, as are additional resources available through Greatest Money Designs ® , 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 out of The united states is one of the planet’s leading financial institutions, helping private consumers, small and center-industry enterprises and enormous agencies having an entire set of banking, paying, investment administration or other financial and you may exposure management services and products. The business provides unmatched benefits in america, serving approximately 66 mil consumer and you can home business website subscribers that have as much as cuatro,3 hundred shopping monetary centers, and additionally everything 3,one hundred thousand lending stores, 2,600 monetary locations which have a buyers Resource Financial Options Mentor and you can approximately 2,2 hundred organization stores; as much as 16,900 ATMs; and prize-effective digital banking which have approximately 39 mil active profiles, and additionally everything 31 million cellular pages. Lender away from America try a worldwide commander in riches government, business and you may resource financial and you will exchange across the a broad range of asset groups, helping agencies, governments, establishments and people global. Bank of The usa offers globe-top assistance so you’re able to as much as step three mil small business households due to an effective collection away from creative, easy-to-explore on line services and products. The firm caters to clients due to businesses across the Us, their regions and around thirty five places. Lender from The usa Organization inventory (NYSE: BAC) are listed on the Nyc Stock exchange.