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 number of economic choice and services designed to help clients bank confidently and improve their financial lives.
“Harmony Help is the most recent when you look at the an effective band of transparent, easy-to-fool around with ways to let our subscribers budget, conserve, spend and you may acquire carefully and you can confidently,” personal payday loans Brighton TN told you D. “Anyone require the power to get to economic independence and balances, and are also trying to simple, clear options and you may guidance to assist them along the way.”
Financial off America members can increase the monetary exercise by the starting a discount discipline, working to build its borrowing, and boosting its cost management experience to some extent by this number of of good use selection. Delivered from organization’s prize-effective digital streams and you can educated financial specialists, which selection of safe financial choices support satisfy clients’ casual banking, savings and you will financing needs, and you can boasts:
These types of choices and functions are available through the prize-profitable Lender of The usa Mobile Financial application 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 extra product info 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, more than dos billion subscribers use this membership, that is built to enable them to spend just the money it have available. Having SafeBalance, there aren’t any overdraft costs as well as the month-to-month restoration commission is waived having qualified people in ages of 24 or readers subscribed to the Prominent Advantages program. Members tends to make money that have an excellent debit credit otherwise digitally whenever signed up for Zelle ® , cellular or on the internet financial.
- Keep the Alter ® – Delivered during the 2005, Hold the Change is actually the initial program of their kind so you can let readers generate coupons by the immediately depositing free move from round up debit card transactions towards the a checking account. Today, more six mil customers have fun with Secure the Alter. In the last 15 years, this program has actually aided customers direct more $fifteen billion in excess change to coupons levels.
- Secured Card – This easy and you can convenient credit card might help members introduce, reinforce or rebuild their credit. Website subscribers can use to have a free account that have a safety deposit regarding $three hundred. That have in charge borrowing behavior, customers is enhance their credit score and, throughout the years, get qualify having its security deposit came back.
- Affordable Home Loans – In early 2019, Bank of America launched its $5 billion Area Homeownership Relationship, 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 write multiple innovative answers to let our customers get to strong financial ground,” said April Schneider, direct regarding Consumer and you may Small business Points on Financial away from The usa. “Solutions eg Equilibrium Help, SafeBalance and you may Covered Card assist promote members having economic balance, and will use them an approach to expanded-name financial wellness.”
These solutions are built to encourage good financial habits, as are additional resources available through Better Money 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
Bank regarding The united states is amongst the planet’s best loan providers, serving personal consumers, smaller than average center-sector people and enormous agencies with a full set of banking, investing, asset management or any other financial and you can chance government services. The organization will bring unmatched comfort in the us, serving around 66 million user and you may home business readers that have approximately cuatro,3 hundred shopping monetary stores, including around step three,one hundred thousand credit facilities, 2,600 financial facilities having a customer Money Financial Alternatives Coach and you may up to 2,200 providers stores; around 16,900 ATMs; and you can prize-profitable electronic banking which have up to 39 mil productive users, including as much as 29 million cellular profiles. Financial out-of The usa was a global leader within the wide range administration, business and you can financial support banking and you can trading all over an over-all a number of resource groups, helping agencies, governing bodies, organizations and people global. Financial out of The united states also provides industry-best help to help you approximately 3 billion business houses as a result of an excellent collection away from imaginative, easy-to-have fun with on the web products. The business provides readers compliment of functions along side United states, the territories and you will just as much as thirty-five nations. Lender from The united states Enterprise inventory (NYSE: BAC) are on the Ny Stock market.
For more Bank of America news, including dividend announcements and other important information, visit the Financial of America newsroom and create news email address notification.
