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Bank of America Advantage Plus Banking: You're covered by our $0 Liability Guarantee* – unauthorized charges are credited back to your account as soon as the. Chase online; credit cards, mortgages, commercial banking, auto loans, investing & retirement planning, checking and business banking. Bank conveniently and securely with the Bank of America® Mobile Banking app for U.S.-based accounts. Manage Accounts • Review activity in checking. bankof am

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Bank of America – $200 cash rewards

Bank of America Advantage Plus Banking® - Put some Golden Key in your Wallet

Member only details:

Bank of America Advantage Plus Banking:

  • You’re covered by our $0 Liability Guarantee* – unauthorized charges are credited back to your account as soon as the next business day.
    *Notify us within a reasonable time of the unauthorized use or the loss or theft of your card, card number, or PIN. Certain restrictions apply. Consult your account documents for details.

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Museums on Us

  • Visit more than 200 of the most popular cultural institutions in the United States free of charge on the first full weekend of every month.
  • Offering our cardholders free weekend access to a variety of museums and cultural institutions across the United States.
  • To qualify, simply present your active Bank of America® or Merrill® or U.S. Trust® credit or debit card along with a photo ID to gain one free general admission to any participating institution. Cardholder only; guests are not eligible for free admission. Excludes special exhibitions, ticketed shows and fundraising events.

Bank of America, N.A. Member FDIC

Golden Key International Honour Society Customized Cash Rewards credit card from Bank of America

  • $200 online cash rewards bonus offer and now choose how you earn rewards – while benefiting Golden Key International Honour Society*
  • 3% cash back in the category of your choice
  • 2% automatic cash back at grocery stores and wholesale clubs
  • 1% unlimited cash back on all other purchases
  • Earn 3% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter.

Better Money Habits®: Personal finances and budgeting are more important than ever. That’s why Bank of America has created unique resources to help you learn to put yourself in control of your money instead of letting money control you. *https://bettermoneyhabits.bankofamerica.com

Apply Now

* For information about rates, fees, other costs and benefits associated with the use of this credit card, or to apply, click on Apply Now and refer to the disclosures accompanying the online credit application. This credit card program is issued and administered by Bank of America, N.A.


About Bank of America:

The Bank of America Corporation is an American multinational investment bank and financial services company based in Charlotte, North Carolina with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. Bank of America was formed through NationsBank’s acquisition of BankAmerica in 1998. – Wikipedia


Источник: https://goldenkey.org/partner/bank-of-america/

Bank of America Corp.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

Источник: https://www.marketwatch.com/investing/stock/bac

Bank of America near me

Do you want to find the closest Bank of America near you? You are in the right place! Here there is a map with all the locations of branches and ATMs of the Bank of America.

Bank of America branch near me

There are branches of the bank all over America, one way to find the nearest branch is to check out the official locator at locators.bankofamerica.com, using the official locator you can view the hours of operation and the phone number of the branch nearby.

Bank of America locations near me

All of the locations of the bank of America can be found using the map below or using the bankofamerica.com website and by entering your address, zip code or landmark in the search field.

Bank of America ATM near me

Need to locate ATM nearby right now? You can see all of the ATMs and the financial centers of this bank at bankofamerica.com/online-banking/bank-atm-locations.go, they have 24-hour ATMs as well as Drive-up ATMs.

You can also download the bank ATM locator app to your mobile device or PC, the app is available for IPhone, IPad, Android and Windows 10.

About Bank of America

The Bank of America corporation is the largest bank in the United States of America, provides all of the necessary banking services and even to open a checking account online. Below you can view more important details about the business, including the contact info for customer support and their business hours.

  • Customer service: The phone number for the customer support department is +1 315-724-4022
  • Hours of operation: The opening hours are changing in different locations, check out the branch near you for up-to-date information.

Additional information

The main topic of this page is BofA near me, however, you can visit the home page of this site to find other banks near you at Banks-NearMe.com

Источник: https://banks-nearme.com/bank-of-america-near-me

Bank of America Review

It’s hard to underestimate the exact size of Bank of America: It holds about $1 out of every $10 on deposit in the U.S.  Bank of America has had plenty of time to grow since its origins in 1904 and now boasts over 4,300 branches around the country. That makes it convenient, but that convenience comes at a price because its accounts come with high fees and low interest rates.

What We Like
  • Lots of branch locations

  • Lots of financial products

  • Mildly useful perks: round-up savings feature and cash-back program

What We Don't Like
  • Poor interest rates

  • Poor customer service ratings

  • Most accounts come with high monthly fees

Who Is Bank of America Best For?

If you’re looking for a bank that’s conveniently located wherever you want to be within the U.S., it’s hard to beat Bank of America. Only Chase Bank and Wells Fargo offer more branches nationwide. It may also suit you well if:

  • You want to bank with a large, well-known institution
  • You don’t mind navigating a complex system of rules
  • You’re aware of the many fees and how to dodge them
  • You’re not as concerned with earning a good rate on your savings
  • You want a bank that offers a wide range of financial products

What Does Bank of America Offer?

It’s no surprise that a bank as large as Bank of America also offers many different types of financial products. You can find just about anything you need to manage your money. 

Accounts

  • Checking accounts
  • Savings accounts
  • Certificates of deposit
  • Money market and CD IRAs 
  • Credit cards

Services

  • Online, mobile, and in-person banking
  • Customer service

Advantage SafeBalance Checking Account

At first glance, this sounds like a good checking account. There are no overdraft fees or non-sufficient funds (NSF) fees, and if you meet certain requirements, there’s no monthly fee for this account, either. However, the problem comes when you start digging around beneath the hood. 

In order to qualify for that sweet monthly fee waiver, you’ll need to enroll in the Preferred Rewards program and that requires a three-month combined average balance of at least $20,000 across your Bank of America and/or Merrill investment accounts. If you can’t meet that requirement to enroll in Preferred Rewards, you’ll have to pay a $4.95 monthly maintenance fee for this account.

In addition, this account pays zero interest and doesn’t come with checks. You can still move money in and out of this account via an ATM, direct deposit, in-person deposits and withdrawals, bank-to-bank transfers, and with your debit card. But for a checking account, we’d expect, well, checks.

If you’re a student under 24 years of age and you’re attending high school, college, or a vocational school, you can qualify for a temporary fee waiver for the SafeBalance and Advantage Plus checking accounts, and the Advantage Savings account. You might need to show proof of enrollment to qualify.

Advantage Plus Checking Account

Bank of America’s Advantage Plus checking account is probably what more folks will be interested in, assuming you have the $100 deposit required to open one. It does come with the option to purchase paper checks and it is a bit easier to meet the monthly requirements to waive the $12 monthly fee. Just do one of the following three things during each statement cycle:

  1. Enroll in the Preferred Rewards program (with its $20,000 barrier to entry)
  2. Keep an average daily balance of at least $1,500 in this account
  3. Have an eligible direct deposit of at least $250

Sadly, this account also doesn’t pay any interest, and it adds a new potential snag: You can be charged overdraft and NSF fees with this account if you overdraw it. This fee could be a substantial cost, depending on your situation—it’s $35 for each overdraft that’s over $1. You can opt into overdraft protection from your Bank of America savings account, but you’ll also pay a fee (albeit smaller) of $12 for each transfer to cover the overdraft.

Advantage Relationship Checking Account

If you tend to keep large balances in your accounts, this might be the best choice for you at this bank. If you keep at least $10,000 tucked away into your linked Bank of America accounts each statement cycle, the massive monthly fee of $25 will be waived. If you sign up for the Preferred Rewards program, you can also have the fee waived.

In return, you’ll actually earn a bit of interest with this account. Don’t get too excited, though—it’s about 0.01%, which is as low of an APY as a bank can pay while saying it pays anything at all. You can also earn a few valuable perks, like free checks, free wire transfers, free overdraft protection transfers, and you can have the monthly fee waived on certain other bank accounts as well if you link them to this one.

Advantage Savings Account

Bank of America only offers one savings account for adults, and there’s not a ton to like about it. While it does offer about 0.03% APY, the rate varies by location and it’s so low that it’s basically negligible.

Even worse, it comes with an $8 monthly fee. That’s not as bad as some of Bank of America’s checking accounts, but you’d need to keep several hundred thousand dollars in this savings account in order to earn enough interest to offset the monthly fee. You can get it waived through a few methods, however, most notably if you keep an average daily balance of at least $500 in the account.

Keep in mind this means that you won’t be able to drain the account, such as if you’re saving for something in particular and you reach your goal. You’ll need to save however much you need, while consistently maintaining $500 in the account every month to avoid the fee.  

Like many other banks, Bank of America limits you to just six electronic withdrawals per month from your savings account. You'll be charged a $10 “Withdrawal Limit Fee” for each time you go over this limit. 

Minor Savings Account

You can jointly open a Minor Savings Account for an under-18 child with a minimum deposit of $25, and there are no monthly fees. Another perk is that your child will pay a small fee of just $1 if they do go over six withdrawals in a statement cycle, but it can be waived if you maintain a minimum balance of $300 in the account at all times. 

The interest rate offered on this account is generally the same as the adult Advantage Savings version, which is to say that it doesn’t earn much. Once your child turns 18, this account will switch over to the full Advantage Savings account, complete with all of the fees that it charges. 

Custodial UTMA Savings Account

A UTMA account is basically the same thing as a savings account for children, but instead of opening it jointly with your child, you remain in complete control of the account until your child turns 18. Then it becomes their account, and they can do whatever they want with the money you’ve saved for them.

Bank of America’s UTMA account requires a higher deposit to open than its minor savings account—$100 vs. $25—and also comes with a monthly fee of $8 if you don’t keep at least $500 in the account at all times.

Money Market IRA

Many banks and credit unions offer a money market account, which is a bit of a hybrid between a checking account and a savings account. At Bank of America, the only money market account offered is a Money Market IRA, which lets you save for retirement within an FDIC-insured account starting with as little as $100. You can open this account within either a traditional IRA or a Roth IRA.

Saving in a Money Market IRA (as opposed to an IRA CD) allows you to withdraw your money whenever you want. But for savers under age 59 1/2, that may not be a good idea because the IRS will heavily penalize you for early IRA withdrawals. If you are retirement age, however, this account may make more sense for you.

Certificates of Deposit

Regular, non-IRA CDs come in two flavors at Bank of America: Featured CDs and Standard Term CDs. If you have a limited amount of money, a Standard Term CD allows you to get started with as little as $1,000. There’s a broad range of term lengths, too, from 28 days to 10 years in length. Unfortunately, these CDs also don’t pay very much interest as of May 27, 2020.

Standard CDs
TermAPY
1-11 Months0.03%
18-23 Months0.07%
24-120 Months0.10%

If you’ve got a bit more cash—$10,000, to be specific—you can take advantage of Bank of America’s Featured CDs. They offer better rates as of May 27, 2020, but they’re still a far cry from the best CD rates available from other banks and credit unions. They also don’t come in as many term lengths (just seven, 10, 13, 25, and 37 months). Rates are current as of May 27, 2020, and may vary by location.

Featured CDs
TermAPY
7-Month0.17%
10-Month0.17%
13-Month0.17%
25-Month0.17%
37-Month0.17%

It’s best to leave your money in a CD and not withdraw it early unless you absolutely need it. Otherwise, you’ll pay an early withdrawal penalty. At Bank of America, the early withdrawal penalty ranges from seven days’ worth of interest all the way up to 365 days’ worth of interest, depending on the CD term. 

IRA Certificate of Deposits

Bank of America offers three types of IRA CDs. Its Standard Term IRA CDs and Featured IRA CDs are essentially the same thing as its normal CDs, just within the package of an IRA. One notable difference is that the Featured IRA CD requires a slightly higher minimum deposit than the Standard Term IRA CD—$2,000 vs. $1,000. 

However, you also have one more choice if you opt for an IRA CD. You can choose a Variable Rate IRA CD with an interest rate that changes over the CD’s term, which ranges from 18 to 23 months. It requires a smaller deposit ($100) to get started and is also available as a traditional or Roth IRA.

Credit Cards

Bank of America is one of the larger credit card issuers, offering 23 different options for credit cards. It also partners with many third-party companies to offer branded credit cards with specific perks. 

Travel Rewards Credit Cards

  • Bank of America Travel Rewards
  • Bank of America Premium Rewards
  • Alaska Airlines Visa Credit Card
  • Norwegian Cruise Line World Mastercard
  • Free Spirit Travel More World Elite Mastercard
  • Allegiant World Mastercard
  • Amtrak Guest Rewards World Mastercard
  • Air France KLM World Elite Mastercard
  • Sonesta World Mastercard
  • Royal Caribbean Visa Signature Credit Card
  • Virgin Atlantic World Elite Mastercard
  • Asiana Visa Signature Credit Card
  • Celebrity Cruises® Visa Signature® Credit Card

Cash-Back Credit Cards

  • Bank of America Customized Cash Rewards
  • Susan G. Komen Cash Rewards Visa Credit Card from Bank of America
  • MLB Credit Cards
  • World Wildlife Fund Credit Card
  • U.S. Pride Credit Card

Balance Transfer Credit Cards

Secured Credit Cards

Student Credit Cards

Other Financial Products From Bank of America

As a full-service bank, Bank of America also offers a lot of other options aside from credit cards and deposit accounts. These include:

  • Mortgages
  • Refinance mortgages
  • Home equity lines of credit (HELOCs)
  • Auto loans
  • Auto loan refinance
  • Investments through Merrill Edge and Merrill Lynch
  • Self-directed portfolios
  • Managed portfolios
  • Financial advisors
  • Business banking services
  • Private banking

Bank of America Customer Service

When it comes to banking satisfaction, Bank of America ranks below many of the other big banks. According to the 2019 U.S. Retail Banking Satisfaction Study from J.D. Power, there were few banks that ranked lower than Bank of America across the various regions and states in terms of customer service. It offers most of the things that you’d expect, such as online banking, a mobile app, and FDIC insurance. However, getting ahold of someone can sometimes be tricky since the bank doesn’t offer 24/7 call-in support, and chat support is spotty at best. 

While it hasn’t been involved in some of the big scandals that other banks have faced, Bank of America doesn’t exactly have a spotless record. It’s been involved in numerous controversies and lawsuits over the years, including being slapped with a $727 million fine by the Consumer Financial Protection Bureau in 2014 for illegal credit card practices. 

How to Bank With Bank of America

You can easily apply for a bank account with Bank of America online or by visiting a local branch. If you have had problems qualifying for checking accounts in the past, have a “limited credit history,” or if you’re depositing more than $100,000 into an account, you’ll probably want to head to a branch rather than try to sign up online. You’ll also need to provide personal information, just like you would when opening an account at any other bank. 

The Bottom Line

Benefits

The biggest thing you’ll get out of banking with Bank of America is convenience. There are branches in 37 states, so there might even be one located just down the street from you right now. You can rest assured that there will probably be one close by if you travel somewhere else within the U.S., too. 

Drawbacks

Bank of America is a quintessential mega bank. There are a lot of fees (and high ones) to watch out for, and the interest rates you can earn are next to nothing. While Bank of America makes it seem like it’s doing you a favor by offering you ways to dodge those fees, don’t be fooled. You can easily find a much better bank that charges no fees and offers high interest rates as a matter of principle, especially if you’re willing to do your banking online. 

Источник: https://www.thebalance.com/bank-of-america-review-4581273

Chase.com home

“Chase,” “JPMorgan,” “JPMorgan Chase,” the JPMorgan Chase logo and the Octagon Symbol are trademarks of JPMorgan Chase Bank, N.A.  JPMorgan Chase Bank, N.A. is a wholly-owned subsidiary of JPMorgan Chase & Co.

Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.

J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

"Chase Private Client" is the brand name for a banking and investment product and service offering, requiring a Chase Private Client Checking account.

Bank deposit accounts, such as checking and savings, may be subject to approval. Deposit products and related services are offered by JPMorgan Chase Bank, N.A. Member FDIC.

© 2021 JPMorgan Chase & Co.

Источник: https://www.chase.com/

: Bankof am

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MEMBERS 1ST OF NJ FEDERAL CREDIT UNION

The publication of the U.S. Treasury report, “Report on Stablecoin” (RoS), earlier this month is an “indication of urgency” for the regulation of stablecoins, given their potential to become a viable payments method, Bank of America said in a research note published on Tuesday.

  • Institutions are waiting for rules to be defined before increasing exposure to digital assets, and a “regulatory framework should incentivize payments companies to integrate blockchain technology and stablecoins into their platforms,” the bank said.

  • Mastercard, Signature, Visa and Western Union could see an increase in market value from stablecoin regulation, Bank of America said. It has a buy rating on the stocks of those companies.

  • Oversight is needed for stablecoins, because they are now a “systemically important asset” with a market value of around $141 billion with a quarterly transaction volume of over $1 trillion in 2021, the bank said.

  • Despite the size and growth of the market, stablecoin issuers aren’t regulated under a sweeping framework and “provide varying levels of transparency into the composition of reserves that back their stablecoins,” BofA said in its report.

  • The Treasury Department’s report notes that the “potential for rapid stablecoin growth creates systemic risk” as “digital assets and traditional financial markets are more connected than many realize.” The stablecoin report recommended that the U.S. Congress pass legislation swiftly to integrate stablecoins into the banking system, allowing for federal oversight.

  • If regulators decide that all stablecoin issuers are required to be insured depositories, it could lead to banks issuing their own stablecoins, Bank of America added.


Subscribe to State of Crypto, our weekly newsletter on policy impact.

By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.

Источник: https://www.coindesk.com/policy/2021/11/23/bank-of-america-sees-stablecoin-regulation-as-catalyst-to-mass-adoption/

Bank of America Review

It’s hard to underestimate the exact size of Bank of America: It holds about $1 out of every $10 on deposit in the U.S.  Bank of America has had plenty of time to grow since its origins in 1904 and now boasts over 4,300 branches around the country. That makes it convenient, but that convenience comes at a price because its accounts come with high fees and low interest rates.

What We Like
  • Lots of branch locations

  • Lots of financial products

  • Mildly useful perks: round-up savings feature and cash-back program

What We Don't Like
  • Poor interest rates

  • Poor customer service ratings

  • Most accounts come with high monthly fees

Who Is Bank of America Best For?

If you’re looking for a bank that’s conveniently located wherever you want to be within the U.S., it’s hard to beat Bank of America. Only Chase Bank and Wells Fargo offer more branches nationwide. It may also suit you well if:

  • You want to bank with a large, well-known institution
  • You don’t mind navigating a complex system of rules
  • You’re aware of the many fees and how to dodge them
  • You’re not as concerned with earning a good rate on your savings
  • You want a bank that offers a wide range of financial products

What Does Bank of America Offer?

It’s no surprise that a bank as large as Bank of America also offers many different types of financial products. You can find just about anything you need to manage your money. 

Accounts

  • Checking accounts
  • Savings accounts
  • Certificates of deposit
  • Money bankof am and CD IRAs 
  • Credit cards

Services

  • Online, mobile, and in-person banking
  • Customer service

Advantage SafeBalance Checking Account

At first glance, this sounds like a good checking account. There are no overdraft fees or non-sufficient funds (NSF) fees, and if you meet certain requirements, there’s no monthly fee for this account, either. However, the problem comes when you start digging around beneath the hood. 

In order to qualify for that sweet monthly fee waiver, you’ll need to enroll in the Preferred Rewards program and that requires a three-month combined average balance of at least $20,000 across your Bank of America and/or Merrill investment accounts. If you can’t meet that requirement bankof am enroll in Preferred Rewards, you’ll have to pay a $4.95 monthly maintenance fee for this account.

In addition, this account pays zero interest and doesn’t come with checks. You can still move money in and out of this account via an ATM, direct deposit, in-person deposits and withdrawals, bank-to-bank transfers, and with your debit card. But for a checking account, we’d expect, well, checks.

If you’re a student under 24 years bankof am 1st birthday ideas for girls and you’re attending high school, college, or a vocational school, you can qualify for a temporary fee waiver for the SafeBalance and Advantage Plus checking accounts, and the Advantage Savings account. You might need to show proof of enrollment to qualify.

Advantage Plus Checking Account

Bank of America’s Advantage Plus checking account is probably what more folks will be interested in, assuming you have the $100 deposit required to open one. It does come with the option to purchase paper checks and it is a bit easier to meet the monthly requirements to waive the $12 monthly fee. Just do one of the following three things during each statement cycle:

  1. Enroll in the Preferred Rewards program (with its $20,000 barrier to entry)
  2. Keep an average daily balance of at least $1,500 in this account
  3. Have an eligible direct deposit of at least $250

Sadly, this account also doesn’t pay any interest, and it adds a new potential snag: You can be charged overdraft and NSF fees with this account if you overdraw it. This fee could be a substantial cost, depending on your situation—it’s $35 for each overdraft that’s over $1. You can opt into overdraft protection from your Bank of America savings account, but you’ll also pay a fee (albeit smaller) of $12 for each transfer to cover the overdraft.

Advantage Relationship Checking Account

If you tend to keep large balances in your accounts, this might be the best choice for you at this bank. If you keep at least $10,000 tucked away into your linked Bank of America accounts each statement cycle, the massive monthly fee of $25 will be waived. If you sign up for the Preferred Rewards program, you can also have the fee waived.

In return, you’ll actually earn a bit of interest with this account. Don’t get too excited, though—it’s about 0.01%, which is as low of an APY as a bank can pay while saying it pays anything at all. You can also earn a few valuable perks, like free checks, free wire transfers, free overdraft protection transfers, and you can have the monthly fee waived on certain other bank accounts as well if you link them to this one.

Advantage Savings Account

Bank of America only offers one savings account for adults, and there’s not a ton to like about it. While it does offer about 0.03% APY, the rate varies by location and it’s so low that it’s basically negligible.

Even worse, it comes with an $8 monthly fee. That’s not as bad as some of Bank of America’s checking accounts, but you’d need to keep several hundred thousand dollars in this savings account in order to earn enough interest to offset the monthly fee. You can get it waived through a few methods, however, most notably if you keep an average daily balance of at least $500 in the account.

Keep in mind this means that you won’t be able to drain the account, such as if you’re saving for something in particular and you reach your goal. You’ll need to save however much you need, while consistently maintaining $500 in the account every month to avoid the fee.  

Like many other banks, Bank of America limits you to just six electronic withdrawals per month from your savings account. You'll be charged a $10 “Withdrawal Limit Fee” for each time you go over this limit. 

Minor Savings Account

You can jointly open a Minor Savings Account for an under-18 child with a minimum deposit of $25, and there are no monthly fees. Another perk is that your child will pay a small fee of just $1 if they do go over six withdrawals in a statement cycle, but it can be waived if bankof am maintain a minimum balance of $300 in the account at all times. 

The interest rate offered on this account is generally the same as the adult Advantage Savings version, which is to say that it doesn’t earn much. Once your child turns 18, this account will switch over to the full Advantage Savings account, complete with all of the fees that it charges. 

Custodial UTMA Savings Account

A UTMA account is basically the same thing as a savings account for children, but instead of opening it jointly with your child, you remain in complete control of the account until your child turns 18. Then it becomes their account, and they can do whatever they want with the money you’ve saved for them.

Bank of America’s UTMA account requires a higher deposit to open than its minor savings account—$100 vs. $25—and also comes with a monthly fee of $8 if you don’t keep at least $500 in the account at all times.

Money Market IRA

Many banks and credit unions offer a money market account, which is a bit of a hybrid between a checking account and a savings account. At Bank of America, the only money market account offered is a Money Market IRA, which lets you save for retirement within an FDIC-insured account starting with as little as $100. You can open this account within either a traditional IRA or a Roth IRA.

Saving in a Money Market IRA (as opposed to an IRA CD) allows you to withdraw your money whenever you want. But for savers under age 59 1/2, that may not be a good idea because the IRS will heavily penalize you for early IRA withdrawals. If you are retirement age, however, this account may make bankof am sense for you.

Certificates of Deposit

Regular, non-IRA CDs come in two flavors at Bank of America: Featured CDs and Standard Term CDs. If you have a limited amount of money, a Standard Term CD allows you to get started with as little as $1,000. There’s a broad range of term lengths, too, from 28 days to 10 years in length. Unfortunately, these CDs also don’t pay very much interest as of May 27, 2020.

Standard CDs
TermAPY
1-11 Months0.03%
18-23 Months0.07%
24-120 Months0.10%

If you’ve got a bit more cash—$10,000, to be specific—you can take advantage of Bank of America’s Featured CDs. They offer better rates as of May 27, 2020, but they’re still a far cry from the best CD rates available from other banks and credit unions. They also don’t come in as many term lengths (just seven, 10, 13, 25, and 37 months). Rates are current as of May 27, 2020, and may vary by location.

Featured CDs
TermAPY
7-Month0.17%
10-Month0.17%
13-Month0.17%
25-Month0.17%
37-Month0.17%

It’s best to leave your money in a CD and not withdraw it early unless you absolutely need it. Otherwise, you’ll pay an early withdrawal penalty. At Bank of America, the early withdrawal penalty ranges from seven days’ worth of interest all the way up to 365 days’ worth of interest, depending on the CD term. 

IRA Certificate of Deposits

Bank of America offers three types of IRA CDs. Its Standard Term IRA CDs and Featured IRA CDs are essentially the same thing as its normal CDs, just within the package of an IRA. One notable difference is that the Featured IRA CD requires a slightly higher minimum deposit than the Standard Term IRA CD—$2,000 vs. $1,000. 

However, you also have one more choice if you opt for an Call netspend toll free number CD. You can choose a Variable Rate IRA CD with an interest rate that changes over the CD’s term, which ranges from 18 to 23 months. It requires a smaller deposit ($100) to get started and is also available as a traditional or Roth IRA.

Credit Cards

Bank of America is one of the larger credit card issuers, offering 23 different options for credit cards. It also partners with many third-party companies to offer branded credit cards with specific perks. 

Travel Rewards Credit Cards

  • Bank of America Travel Rewards
  • Bank of America Premium Rewards
  • Alaska Airlines Visa Credit Card
  • Norwegian Cruise Line World Mastercard
  • Free Spirit Travel More World Elite Mastercard
  • Allegiant World Mastercard
  • Amtrak Guest Rewards World Mastercard
  • Air France KLM World Elite Mastercard
  • Sonesta World Mastercard
  • Royal Caribbean Visa Signature Credit Card
  • Virgin Atlantic World Elite Mastercard
  • Asiana Visa Signature Credit Card
  • Celebrity Cruises® Visa Signature® Credit Card

Cash-Back Credit Cards

  • Bank of America Customized Cash Rewards
  • Susan G. Komen Cash Rewards Visa Credit Card from Bank of America
  • MLB Bankof am Cards
  • World Wildlife Fund Credit Card
  • U.S. Pride Credit Card

Balance Transfer Credit Cards

Secured Credit Cards

Student Credit Cards

Other Financial Products From Bank of America

As a full-service bank, Bank of America also offers a lot of other options aside from credit cards and deposit accounts. These include:

  • Mortgages
  • Refinance mortgages
  • Home equity lines of credit (HELOCs)
  • Auto loans
  • Auto loan refinance
  • Investments through Merrill Edge and Merrill Lynch
  • Self-directed portfolios
  • Managed portfolios
  • Financial advisors
  • Business banking services
  • Private banking

Bank of America Customer Service

When it comes to banking satisfaction, Bank of America ranks below many of the other big banks. According to the 2019 U.S. Retail Banking Satisfaction Study from J.D. Power, there were few banks that ranked lower than Bank of America across the various regions and states in terms of customer service. It offers most of the things that you’d expect, such as online banking, a mobile app, and FDIC insurance. However, getting ahold of someone can sometimes be tricky since the bank doesn’t offer 24/7 call-in support, and chat bankof am is spotty at best. 

While it hasn’t been involved in some of the big scandals that other banks have faced, Bank of America doesn’t exactly have a spotless record. It’s been involved in numerous controversies and lawsuits over the years, including being slapped with a $727 million fine by the Consumer Financial Protection Bureau in 2014 for illegal credit card practices. 

How to Bank With Bank of America

You can easily apply for a bank account with Bank of America online or by visiting a local branch. If you have had problems qualifying for checking accounts in the past, have a “limited credit history,” or if you’re depositing more than $100,000 into an account, you’ll probably want to head to a branch rather than try to sign up online. You’ll also need to provide personal information, just like you would when opening an account at any other bank. 

The Bottom Line

Benefits

The biggest thing you’ll get out of banking with Bank of America is convenience. There are branches in 37 states, walmart uber gift card there might even be one located just down the street from you right now. You can rest assured that there will probably be one close by if you travel somewhere else within the U.S., too. 

Drawbacks

Bank of America is a quintessential mega bank. There are a lot of fees (and high ones) to watch out for, and the interest rates you can earn are next to nothing. While Bank of America makes it seem like it’s doing you a favor by offering you ways to dodge those fees, don’t be fooled. You can easily find a much better bank that charges no fees and offers high interest rates as a matter of principle, especially if you’re willing to do your banking online. 

Источник: https://www.thebalance.com/bank-of-america-review-4581273

Bank of America Checking Account Review

Bank of America Checking Account WebsiteBank of America Checking Account

Bank of America is the second-largest bank in the United States by assets.

That means in any discussion about where you should open a bank account, Bank of America comes up.

Bank of America offers deposit accounts, loans, credit cards, and investing services.

One of the accounts that is available is the Bank of America Advantage Plus Banking Account, which offers a solid checking account experience with a few bells and whistles.

In this review, we'll cover everything you need to know about the account fees, rates, and services.

Build Savings Automatically with "Keep the Change"

Americans have trouble saving money, and it’s not hard to see why.

Spending money is fun and it can be hard to keep track of your money without a strict budget.

Bank of America Checking Account Pros & Cons

ProsCons
  • Automatic savings program available
  • Debit card shopping rewards
  • Access to physical branches
  • Mobile apps available
  • Monthly fee
  • Doesn't earn interest

Though it’s common not to have extra savings, it’s not a good position to be in.

Bank of America offers its customers a way to save a bit of extra money without even noticing. It does this through the Bank of America Keep the Change Program.

To be eligible for Keep the Change, you need to have both a Bank of America checking account and savings account.

Once you sign up for Keep the Change, every debit card transaction you make will be rounded up to the next dollar.

So, if you spend $2.25 on a subway fare, the purchase will be rounded up to $3. The extra 75 cents will be transferred from your checking account to your savings account.

The idea is that by automatically saving a few cents here and there, you won’t notice the money missing from your checking account.

However, in the long run, the pennies saved add up to a lot in your savings account.

Since your savings account earns interest, your balance can start to grow even if you don’t add to the balance.

If you struggle to build up your savings, this feature can be a handy way to force yourself to save.

BankAmeriDeals

Bank of America offers saving opportunities to its account holders.

BankAmeriDeals lets account holders save on some of their purchases.

When you log in to your online account, you’ll see a list of deals that are available. These deals will come in the format of "spend $X, get $Y back."

So, an example of such a deal would be: spend $100 at Amazon.com and get $10 back.

All you have to do is click the button to add the deal to your debit card. The next time you shop at that retailer, you’ll automatically qualify for the deal if you meet the minimum spending requirement.

If you do, you’ll see a statement credit for the amount next month.

Like any cashback deal service, some deals are very useful while some are for less popular stores, but free money is free money.

If you were going to shop at that store anyway, there’s no reason to turn down the chance to earn some cash back.

How Does It Compare?

You have a lot of options when opening a checking account since it is the most common type of account in the US.

When you’re looking for the right checking account, don’t just go with the first one you find.

Online banks often charge lower fees and pay better rates.

Other than the fees you’ll pay and how easy it is to access your money, you should consider these factors when choosing a checking account:

  • Minimum deposit
  • Fee waiver requirements
  • Interest rates
  • ATM access

Strong Security Features Including Debit Card Lock and Unlock

Security is an incredibly important part of any checking account and Bank of America tries to offer the best security possible.

On top of the standard security features like website encryption and fraud monitoring, Bank of America lets you lock your debit card remotely.

With a credit card, if someone makes a fraudulent purchase, it’s not a huge problem.

The only thing affected is your spending power on the card as the purchase takes up part of your credit limit. Your money will stay in your bank while the card issuer investigates your fraud claim.

If someone uses your debit card to make a fraudulent transaction, it’s a different story.

The money is immediately deducted from your account, possibly leaving you with no way to pay your bills.

It can take days for a fraud investigation to conclude, and during that time you’re left without the money that the fraudster spent.

The account offers the ability to lock your debit card through your smartphone.

If you notice that you’ve lost your card, just log into the app and lock it. No one will be able to use it until you unlock it.

That way you don’t have to worry about unauthorized transactions.

ATM Access

Bank of America operates a huge ATM network across the United States so you’re unlikely to ever be far from a Bank of America ATM.

You’ll never be charged a fee to use a Bank of America ATM but you will pay a fee if you use another bank’s ATM.

If you’re in the US, you’ll pay $2.50 per transaction. If you’re outside of the country, you’ll pay a $5 fee per transaction. These fees are on top of the fees charged by the ATM’s owner.

If you use ATMs regularly, make sure you’re in an area with lots of Bank of America ATMs.

Otherwise, you might want to find another account that makes it easier to avoid ATM fees.

Multiple Ways to Avoid the Steep Monthly Fee

Usually, the Bank of America charges a steep $12 monthly fee for the Advantage Plus Banking Account. This fee can eat into your balance very quickly.

There are multiple ways to avoid the fee. The fee will be waived if you meet one of these requirements:

  • Be a student under the age of 24
  • Receive a direct deposit of at least $250 once per statement
  • Maintain a minimum daily balance of $1,500
  • Be a Preferred Rewards client

If you can’t meet any of these requirements, the fee makes it hard to justify opening the account.

Other Fees

On top of the monthly fee and the ATM fees, the Bank of America Advantage Plus Banking account charges a few other fees.

You won’t run into most of them on a regular basis, but they are still good to be aware of.

The most commonly encountered is the overdraft fee.

You’ll pay a $35 fee per overdraft, with a maximum of four fees charged per day. This fee also applies to charges declined due to insufficient funds.

If you sign up for overdraft transfers from your Bank of America savings account, you’ll pay a fee if that service is ever used. The fee for each transfer is $12.

Other fees include:

Bank of America Advantage Plus Banking Account Fees

TypeFee amount
Monthly Maintenance Fee$12
Out-of-Network ATM Fee$2.50
Overdraft Fee$35
Overdraft Protection Transfer Fee$12
Returned Item$35
Deposit Item Returned$12
Stop Payment$30
Incoming Domestic Wire Transfer$15
Incoming International Wire Transfer$16
Cashiers Check$10

Many of these fees are waived for Preferred Rewards clients.

Convenience

This aims to be convenient for the everyday consumer.

You can manage your account at any branch, from your phone, or your computer.

You can pay bills, deposit checks, and schedule transfers, no matter where you are. Bank of America’s large ATM network also makes it easy to withdraw cash whenever you need it.

The biggest blow to the account’s convenience factor is the fees. You’ll need to be aware of the fees you might incur and work to avoid them.

Bank of America's mobile banking apps come packed with features including mobile check deposit. These are the limits that apply for that feature:

  • Customers with accounts opened for fewer than 3 months: $2,500 per month
  • Customers with accounts opened for 3 months or longer: $10,000 per month
  • Customers in the Preferred Rewards program for the first 3 months: $25,000 per month
  • Customers in the Preferred Rewards program for more than 3 months: $50,000 per month

Other Bank of America Checking Options

If you're interested in becoming a Bank of America banking customer, but aren't sold on this checking account, check out some additional checking account options also offered by this bank:

Bank of America Advantage Relationship Banking

For those banking consumers that are looking for a step-up from a basic checking account, the Bank of America Advantage Relationship Banking account offers multiple interest-tiers for high balances and complimentary services.

To highlight some of the main features of this account:

  • Consumers can open additional checking or savings accounts with no monthly maintenance fee
  • No fee Overdraft Protection transfers from an eligible linked Bank of America deposit account
  • No fee for incoming domestic wire transfers

In order to get these added perks, however, you must pay a $25 monthly maintenance fee.

To get this fee waived, you must maintain a combined balance of at least $10,000 or more each statement cycle. Combined balances include:

  • The average daily balance in eligible linked checking and savings accounts for the statement cycle, and
  • The current balances in linked personal CDs and IRAs at the end of the Interest Checking statement cycle, and
  • The current balance (2 business days before the end of the Interest Checking at your bark and call cycle) in your eligible linked Merrill Edge and Merrill Lynch investment accounts

Here's some of the main fees and features of the account:

Bank of America Advantage Relationship Account Fees

TypeFee amount
Monthly Maintenance Fee$25
Minimum Opening Deposit$100
Out-of-Network ATM Fee$2.50
Overdraft Fee/Returned Item Fee$35
Overdraft Protection Transfer Fee$0
Deposit Item Returned$12
Stop Payment$0
Incoming Domestic Wire Transfer$0
Incoming International Wire Transfer$16
Cashiers Check$0
Replacement Card Fee$0
Rush Replacement Card Fee$0
Statement Copy Fee and Check Copy Fee$0

The Final Verdict

As a basic checking account from one of the biggest banks in the country, the Bank of America Advantage Plus Banking account is very attractive because of its access to physical branches and ATMs.

It's also good for people who like to bank in person and talk to bankers to help with their accounts.

However, the fees and the lack of interest earnings are the biggest downsides.

If you can bank without really needing to go to a branch, an online checking account is more beneficial to your finances.

You'll avoid monthly fees without headaches and some of bankof am online checking accounts allow you to use any ATM for free, among other great benefits.

More:Best Checking Accounts of the Year

Continue Reading

Источник: https://www.mybanktracker.com

Bank of America – $200 cash rewards

Bank of America Advantage Plus Banking® - Put some Golden Key in your Wallet

Member only details:

Bank of America Advantage Plus Banking:

  • You’re covered by our $0 Liability Guarantee* – unauthorized charges are credited back to your account as soon as the next business day.
    *Notify us within a reasonable time of the unauthorized use or the loss or theft of your card, card number, or PIN. Certain restrictions apply. Consult your account documents for details.

Apply Now

Museums on Us

  • Visit more than 200 of the most popular cultural institutions in the United States free of charge on the first full weekend of every month.
  • Offering our cardholders free weekend access to a variety of museums and cultural institutions across the United States.
  • To qualify, simply present your active Bank of America® or Merrill® or U.S. Trust® credit or debit card along with a photo ID to gain one free general admission to any participating institution. Cardholder only; guests are not eligible for free admission. Excludes special exhibitions, ticketed shows and fundraising events.

Bank of America, N.A. Bankof am FDIC

Golden Key International Honour Society Customized Cash Rewards credit card from Bank of America

  • $200 online cash rewards bonus offer and now choose how you earn rewards – while benefiting Golden Key International Honour Society*
  • 3% cash back in the category of your choice
  • 2% automatic cash back at grocery stores and wholesale clubs
  • 1% unlimited cash back on all bankof am purchases
  • Earn 3% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter.

Better Money Habits®: Personal finances and budgeting are more important than ever. That’s why Bank of America has created unique resources to help you learn to put yourself in control of your money instead of letting money control you. *https://bettermoneyhabits.bankofamerica.com

Apply Now

* For information about rates, fees, other costs and benefits associated with the use of this credit card, or to apply, click on Apply Now and refer to the disclosures accompanying the online credit application. This credit card program is issued and administered by Bank of America, N.A.


About Bank of America:

The Bank of America Corporation is an American multinational investment bank and financial services company based in Charlotte, North Carolina with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. Bank of America was formed through NationsBank’s acquisition of BankAmerica in 1998. – Wikipedia


Источник: https://goldenkey.org/partner/bank-of-america/

Pros Explained

  • Unparalleled access with approximately 4,300 branches and approximately 17,000 ATMs – Bank of America has one of the largest networks of branches and ATMs in the U.S. This gives customers the peace of mind that they’ll have access to their money no matter where they travel.
  • Low minimums to open checking or savings accounts – You can open a checking or savings account for $100 or less, which makes it easier for consumers to switch banks.
  • Higher rates and lending discounts via Preferred Rewards – Bank of America rewards customers for having a larger relationship with the bank with higher rates, discounts on lending products, and higher rewards on certain credit cards.

Cons Explained

  • No high-yield savings account options – The lack of a high-yield savings account leaves customers without an option to earn competitive interest rates.
  • ATM fees not waived or reimbursed – With almost 17,000 ATMs, most customers can find one nearby. However, if you use another ATM, Bank of America will charge you $2.50, plus you’ll pay the other bank’s fees as well.
  • Noncompetitive certificate of deposit (CD) rates –Certificates of deposit (CDs) ranging from one month to 10 years are available, but all interest rates are 0.05% or less. This low rate affects customers’ ability to earn a competitive rate on their money.

Who Is Bank of America Best For?

Bank of America is best for customers who value ease of access over higher interest rates. It may be particularly good for customers who want to:

  • Be able to bank in person
  • Have easy access to bank ATMs
  • Earn additional rewards and discounts with relationship pricing
  • Open a checking or savings account with a low opening deposit
  • Bank with an established bank that has many deposit and lending products

What Does Bank of America Offer?

As one of the world’s leading financial institutions, Bank of America offers an extensive array of deposit accounts, lending products, and investment choices.

Checking Accounts

Bank of America provides three checking accounts that can be opened with $100 or less.

  • Advantage SafeBalance is a checkless account with a debit card that helps customers stay within their balance. There are no overdraft fees, and the $4.95 monthly fee is waived if you are a student who is under 24 years old.
  • Advantage Plus is an everyday checking account whose bankof am monthly fee can be waived with a qualifying direct deposit of $250 or more or by maintaining a minimum daily balance of $1,500.
  • Advantage Relationship is an account that earns interest on your balances and waives fees for additional checking or savings accounts, incoming domestic wires, and standard check purchases. Its $25 monthly fee is waived when you maintain a combined balance of $10,000 in eligible linked accounts.

Preferred Rewards members get their monthly fees waived on all three checking accounts.

Using another bank’s ATM will cost you $2.50 per transaction plus whatever the other bank charges. These fees are not waived or reimbursed with your Bank of America checking account.

When you use the bank’s debit card for purchases, you can enroll in Bank of America’s Keep the Change® program to build your savings. It rounds up your purchases to the next dollar and transfers that amount to your savings account.

BANK OF AMERICA CHECKING ACCOUNTS
ACCOUNT NAMEMINIMUM OPENING DEPOSITMONTHLY FEEANNUAL PERCENTAGE YIELD (APY)
Advantage SafeBalance$25$4.95None
Advantage Plus$100$12None
Advantage Relationship$100$250.01% Standard

0.02% Gold

0.03% Platinum

0.05% Platinum Honors

Savings Accounts

Customers have one savings account option: Bank of America Advantage Savings. This account provides tiered interest rates that grow with your relationship with the bank. It requires a $100 deposit to open the account.

The monthly fee of $8 can be waived walmart online return policy keeping a minimum daily balance of $500, linking this account to your Bank of America Advantage Relationship Banking checking account, or by becoming a Bank of America Preferred Rewards client. New accounts receive a waiver of the monthly fee for the first six months. Students who are enrolled in school and are under the age of 24 may also qualify for a waiver.

BANK OF AMERICA SAVINGS ACCOUNTS
ACCOUNT NAMEMINIMUM OPENING DEPOSITMONTHLY FEEANNUAL PERCENTAGE YIELD (APY)
Advantage Savings$100$80.01% Standard

0.02% Gold

0.03% Platinum

0.05% Platinum Honors

CDs

Bank of America offers standard term CDs with a $1,000 minimum deposit requirement. Standard CDs are available at terms ranging from one month to 10 years, with annual percentage yields (APYs) from 0.03% to 0.05%.

Featured CDs are promotional CDs that require a $10,000 minimum deposit. They have fewer term options, but customers can lock in a higher promotional APY.

Unless specifically noted, all CDs renew at the end of their term. Customers have a grace period of up bankof am seven days after maturity, depending on the term of the CD, to cancel the renewal and withdraw without penalty.

The bank does charge an early withdrawal penalty if you close the CD before its maturity date. Penalties vary depending on the term of the CD.

BANK OF AMERICA CD RATES
TERMANNUAL PERCENTAGE YIELD (APY)
One to 11 months0.03%
18 to 23 months0.03%
24 to 120 months0.03%
BANK OF AMERICA FEATURED CD RATES
TERMANNUAL Chase checking minimum direct deposit YIELD (APY)
Seven months0.05%
10 months0.05%
13 months0.05%
25 months0.05%
36 months0.05%
BANK OF AMERICA CD EARLY TERMINATION PENALTIES
TERMPENALTY
Less than 90 daysThe greater of interest earned or seven days interest
90 days to 12 months90 days interest
12 months to 60 months180 days interest
More than 60 months365 days interest

Credit Cards

Bank of America has numerous credit cards that earn cash back, travel rewards, or support charitable causes. Some credit cards earn higher rewards when you are enrolled in Preferred Rewards and maintain a larger relationship with the bank. For example, you can earn up to 75% more rewards on every purchase with the Bank of America Customized Cash Rewards Visa.

The bank also offers exclusive deals when you use your debit or credit card to make purchases at participating retailers. You must manually activate these promotions online or through the bank’s mobile app before making your purchase. BankAmeriDeals earns cash back on your transactions.

Cash Back Credit Cards

  • Bank of America Customized Cash Rewards
  • Bank of America Customized Cash Rewards for Students
  • Bank of America Customized Cash Rewards Secured
  • Bank of America Premium Rewards
  • MLB
  • Susan G. Komen Cash Rewards Visa Credit Card From Bank of America
  • U.S. Pride
  • World Wildlife Fund

Travel Rewards Credit Cards

  • Air France KLM World Elite Mastercard
  • Alaska Airlines Visa
  • Allegiant World Mastercard
  • Amtrak Guest Rewards World Mastercard
  • Asiana Visa Signature
  • Bank of America Travel Rewards
  • BankAmericard Travel Rewards for Students
  • Celebrity Cruises® Visa Signature®
  • Norwegian Cruise Line
  • Royal Caribbean
  • Sonesta World Mastercard
  • Free Spirit Travel More World Elite Mastercard
  • Virgin Atlantic

Secured Credit Card

Other Financial Products Offered by Bank of America

Bank of America also has a wide variety of other banking, lending, and investment accounts to meet your needs.

  • Auto loans
  • Purchase mortgages
  • Refinance mortgages
  • Home Equity Lines of Credit (HELOCs)
  • Individual Retirement Accounts (IRAs)
  • Self-directed trading
  • Managed investment portfolios
  • Private banking
  • Financial advisors
  • Business loans

Bank of America Customer Service

Customers can connect with Bank of America customer service in three ways: in person, over the phone, or online.

Phone support is available from 8 a.m. to 11 p.m. EST Monday through Friday and 8 a.m. until 8 p.m. EST on Saturday and Sunday at 1-800-432-1000. The bank has more than 4,300 branches at which you can schedule an appointment or simply walk in to speak with someone in person. Customers also have access to 16,900 ATMs.

Additionally, you can send customer service a message online through the bank’s mobile app or direct messages on Meta or Twitter. The Bank of America mobile app is available for both Apple and Android devices. They both receive strong reviews by customers.

Bank of America has received several J.D. Power awards over the years. The bank received the top ranking for Retail Banking Advice in 2021. In 2020, the Bank of America Corporate, Commercial and Business Banking Contact Centers earned J.D. Power Certification for the 11th consecutive year. Bank of America became the first company to achieve J.D. Power Mobile and Online Certification for Customer Experience in 2019.

How to Bank with Bank of America

Customers have many choices to conduct business with Bank of America. Accounts can be opened online, on mobile devices, in person, or over the phone. Once your accounts are established, you can perform online transfers, deposit checks through your mobile device, withdraw, or deposit at an ATM, and more.

Verdict

Bank of America is a good choice for customers who want the comfort of having a bank branch or an ATM close by. That convenience is offset by savings accounts and CDs that have lackluster interest rates. Although customers can earn additional rewards with their balances through Preferred Rewards, they may be better off with more-competitive interest rates on their savings at other banks.

Methodology

Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of banks. We collected over 20 data points across more than 80 banks—including products available, interest rates, fees, and accessibility—to ensure that our content helps users make the right decision for their savings and banking needs.

Источник: https://www.investopedia.com/bank-of-america-bank-review-5069877

Chase.com home

“Chase,” “JPMorgan,” “JPMorgan Chase,” the JPMorgan Chase logo and the Octagon Symbol are trademarks of JPMorgan Chase Bank, N.A.  JPMorgan Chase Bank, N.A. is a wholly-owned subsidiary of JPMorgan Chase & Co.

Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.

J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

"Chase Private Client" is the brand name for a banking and investment product and service offering, requiring a Chase Private Client Checking account.

Bank deposit accounts, such as checking and savings, may be subject to approval. Deposit products and related services are offered by JPMorgan Chase Bank, N.A. Member FDIC.

© 2021 JPMorgan Chase & Co.

Источник: https://www.chase.com/

Bankof am -

Bank of America near me

Do you want to find the closest Bank of America near you? You are in the right place! Here there is a map with all the locations of branches and ATMs of the Bank of America.

Bank of America branch near me

There are branches of the bank all over America, one way to find the nearest branch is to check out the official locator at locators.bankofamerica.com, using the official locator you can view the hours of operation and the phone number of the branch nearby.

Bank of America locations near me

All of the locations of the bank of America can be found using the map below or using the bankofamerica.com website and by entering your address, zip code or landmark in the search field.

Bank of America ATM near me

Need to locate ATM nearby right now? You can see all of the ATMs and the financial centers of this bank at bankofamerica.com/online-banking/bank-atm-locations.go, they have 24-hour ATMs as well as Drive-up ATMs.

You can also download the bank ATM locator app to your mobile device or PC, the app is available for IPhone, IPad, Android and Windows 10.

About Bank of America

The Bank of America corporation is the largest bank in the United States of America, provides all of the necessary banking services and even to open a checking account online. Below you can view more important details about the business, including the contact info for customer support and their business hours.

  • Customer service: The phone number for the customer support department is +1 315-724-4022
  • Hours of operation: The opening hours are changing in different locations, check out the branch near you for up-to-date information.

Additional information

The main topic of this page is BofA near me, however, you can visit the home page of this site to find other banks near you at Banks-NearMe.com

Источник: https://banks-nearme.com/bank-of-america-near-me

The publication of the U.S. Treasury report, “Report on Stablecoin” (RoS), earlier this month is an “indication of urgency” for the regulation of stablecoins, given their potential to become a viable payments method, Bank of America said in a research note published on Tuesday.

  • Institutions are waiting for rules to be defined before increasing exposure to digital assets, and a “regulatory framework should incentivize payments companies to integrate blockchain technology and stablecoins into their platforms,” the bank said.

  • Mastercard, Signature, Visa and Western Union could see an increase in market value from stablecoin regulation, Bank of America said. It has a buy rating on the stocks of those companies.

  • Oversight is needed for stablecoins, because they are now a “systemically important asset” with a market value of around $141 billion with a quarterly transaction volume of over $1 trillion in 2021, the bank said.

  • Despite the size and growth of the market, stablecoin issuers aren’t regulated under a sweeping framework and “provide varying levels of transparency into the composition of reserves that back their stablecoins,” BofA said in its report.

  • The Treasury Department’s report notes that the “potential for rapid stablecoin growth creates systemic risk” as “digital assets and traditional financial markets are more connected than many realize.” The stablecoin report recommended that the U.S. Congress pass legislation swiftly to integrate stablecoins into the banking system, allowing for federal oversight.

  • If regulators decide that all stablecoin issuers are required to be insured depositories, it could lead to banks issuing their own stablecoins, Bank of America added.


Subscribe to State of Crypto, our weekly newsletter on policy impact.

By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.

Источник: https://www.coindesk.com/policy/2021/11/23/bank-of-america-sees-stablecoin-regulation-as-catalyst-to-mass-adoption/

Pros Explained

  • Unparalleled access with approximately 4,300 branches and approximately 17,000 ATMs – Bank of America has one of the largest networks of branches and ATMs in the U.S. This gives customers the peace of mind that they’ll have access to their money no matter where they travel.
  • Low minimums to open checking or savings accounts – You can open a checking or savings account for $100 or less, which makes it easier for consumers to switch banks.
  • Higher rates and lending discounts via Preferred Rewards – Bank of America rewards customers for having a larger relationship with the bank with higher rates, discounts on lending products, and higher rewards on certain credit cards.

Cons Explained

  • No high-yield savings account options – The lack of a high-yield savings account leaves customers without an option to earn competitive interest rates.
  • ATM fees not waived or reimbursed – With almost 17,000 ATMs, most customers can find one nearby. However, if you use another ATM, Bank of America will charge you $2.50, plus you’ll pay the other bank’s fees as well.
  • Noncompetitive certificate of deposit (CD) rates –Certificates of deposit (CDs) ranging from one month to 10 years are available, but all interest rates are 0.05% or less. This low rate affects customers’ ability to earn a competitive rate on their money.

Who Is Bank of America Best For?

Bank of America is best for customers who value ease of access over higher interest rates. It may be particularly good for customers who want to:

  • Be able to bank in person
  • Have easy access to bank ATMs
  • Earn additional rewards and discounts with relationship pricing
  • Open a checking or savings account with a low opening deposit
  • Bank with an established bank that has many deposit and lending products

What Does Bank of America Offer?

As one of the world’s leading financial institutions, Bank of America offers an extensive array of deposit accounts, lending products, and investment choices.

Checking Accounts

Bank of America provides three checking accounts that can be opened with $100 or less.

  • Advantage SafeBalance is a checkless account with a debit card that helps customers stay within their balance. There are no overdraft fees, and the $4.95 monthly fee is waived if you are a student who is under 24 years old.
  • Advantage Plus is an everyday checking account whose $12 monthly fee can be waived with a qualifying direct deposit of $250 or more or by maintaining a minimum daily balance of $1,500.
  • Advantage Relationship is an account that earns interest on your balances and waives fees for additional checking or savings accounts, incoming domestic wires, and standard check purchases. Its $25 monthly fee is waived when you maintain a combined balance of $10,000 in eligible linked accounts.

Preferred Rewards members get their monthly fees waived on all three checking accounts.

Using another bank’s ATM will cost you $2.50 per transaction plus whatever the other bank charges. These fees are not waived or reimbursed with your Bank of America checking account.

When you use the bank’s debit card for purchases, you can enroll in Bank of America’s Keep the Change® program to build your savings. It rounds up your purchases to the next dollar and transfers that amount to your savings account.

BANK OF AMERICA CHECKING ACCOUNTS
ACCOUNT NAMEMINIMUM OPENING DEPOSITMONTHLY FEEANNUAL PERCENTAGE YIELD (APY)
Advantage SafeBalance$25$4.95None
Advantage Plus$100$12None
Advantage Relationship$100$250.01% Standard

0.02% Gold

0.03% Platinum

0.05% Platinum Honors

Savings Accounts

Customers have one savings account option: Bank of America Advantage Savings. This account provides tiered interest rates that grow with your relationship with the bank. It requires a $100 deposit to open the account.

The monthly fee of $8 can be waived by keeping a minimum daily balance of $500, linking this account to your Bank of America Advantage Relationship Banking checking account, or by becoming a Bank of America Preferred Rewards client. New accounts receive a waiver of the monthly fee for the first six months. Students who are enrolled in school and are under the age of 24 may also qualify for a waiver.

BANK OF AMERICA SAVINGS ACCOUNTS
ACCOUNT NAMEMINIMUM OPENING DEPOSITMONTHLY FEEANNUAL PERCENTAGE YIELD (APY)
Advantage Savings$100$80.01% Standard

0.02% Gold

0.03% Platinum

0.05% Platinum Honors

CDs

Bank of America offers standard term CDs with a $1,000 minimum deposit requirement. Standard CDs are available at terms ranging from one month to 10 years, with annual percentage yields (APYs) from 0.03% to 0.05%.

Featured CDs are promotional CDs that require a $10,000 minimum deposit. They have fewer term options, but customers can lock in a higher promotional APY.

Unless specifically noted, all CDs renew at the end of their term. Customers have a grace period of up to seven days after maturity, depending on the term of the CD, to cancel the renewal and withdraw without penalty.

The bank does charge an early withdrawal penalty if you close the CD before its maturity date. Penalties vary depending on the term of the CD.

BANK OF AMERICA CD RATES
TERMANNUAL PERCENTAGE YIELD (APY)
One to 11 months0.03%
18 to 23 months0.03%
24 to 120 months0.03%
BANK OF AMERICA FEATURED CD RATES
TERMANNUAL PERCENTAGE YIELD (APY)
Seven months0.05%
10 months0.05%
13 months0.05%
25 months0.05%
36 months0.05%
BANK OF AMERICA CD EARLY TERMINATION PENALTIES
TERMPENALTY
Less than 90 daysThe greater of interest earned or seven days interest
90 days to 12 months90 days interest
12 months to 60 months180 days interest
More than 60 months365 days interest

Credit Cards

Bank of America has numerous credit cards that earn cash back, travel rewards, or support charitable causes. Some credit cards earn higher rewards when you are enrolled in Preferred Rewards and maintain a larger relationship with the bank. For example, you can earn up to 75% more rewards on every purchase with the Bank of America Customized Cash Rewards Visa.

The bank also offers exclusive deals when you use your debit or credit card to make purchases at participating retailers. You must manually activate these promotions online or through the bank’s mobile app before making your purchase. BankAmeriDeals earns cash back on your transactions.

Cash Back Credit Cards

  • Bank of America Customized Cash Rewards
  • Bank of America Customized Cash Rewards for Students
  • Bank of America Customized Cash Rewards Secured
  • Bank of America Premium Rewards
  • MLB
  • Susan G. Komen Cash Rewards Visa Credit Card From Bank of America
  • U.S. Pride
  • World Wildlife Fund

Travel Rewards Credit Cards

  • Air France KLM World Elite Mastercard
  • Alaska Airlines Visa
  • Allegiant World Mastercard
  • Amtrak Guest Rewards World Mastercard
  • Asiana Visa Signature
  • Bank of America Travel Rewards
  • BankAmericard Travel Rewards for Students
  • Celebrity Cruises® Visa Signature®
  • Norwegian Cruise Line
  • Royal Caribbean
  • Sonesta World Mastercard
  • Free Spirit Travel More World Elite Mastercard
  • Virgin Atlantic

Secured Credit Card

Other Financial Products Offered by Bank of America

Bank of America also has a wide variety of other banking, lending, and investment accounts to meet your needs.

  • Auto loans
  • Purchase mortgages
  • Refinance mortgages
  • Home Equity Lines of Credit (HELOCs)
  • Individual Retirement Accounts (IRAs)
  • Self-directed trading
  • Managed investment portfolios
  • Private banking
  • Financial advisors
  • Business loans

Bank of America Customer Service

Customers can connect with Bank of America customer service in three ways: in person, over the phone, or online.

Phone support is available from 8 a.m. to 11 p.m. EST Monday through Friday and 8 a.m. until 8 p.m. EST on Saturday and Sunday at 1-800-432-1000. The bank has more than 4,300 branches at which you can schedule an appointment or simply walk in to speak with someone in person. Customers also have access to 16,900 ATMs.

Additionally, you can send customer service a message online through the bank’s mobile app or direct messages on Meta or Twitter. The Bank of America mobile app is available for both Apple and Android devices. They both receive strong reviews by customers.

Bank of America has received several J.D. Power awards over the years. The bank received the top ranking for Retail Banking Advice in 2021. In 2020, the Bank of America Corporate, Commercial and Business Banking Contact Centers earned J.D. Power Certification for the 11th consecutive year. Bank of America became the first company to achieve J.D. Power Mobile and Online Certification for Customer Experience in 2019.

How to Bank with Bank of America

Customers have many choices to conduct business with Bank of America. Accounts can be opened online, on mobile devices, in person, or over the phone. Once your accounts are established, you can perform online transfers, deposit checks through your mobile device, withdraw, or deposit at an ATM, and more.

Verdict

Bank of America is a good choice for customers who want the comfort of having a bank branch or an ATM close by. That convenience is offset by savings accounts and CDs that have lackluster interest rates. Although customers can earn additional rewards with their balances through Preferred Rewards, they may be better off with more-competitive interest rates on their savings at other banks.

Methodology

Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of banks. We collected over 20 data points across more than 80 banks—including products available, interest rates, fees, and accessibility—to ensure that our content helps users make the right decision for their savings and banking needs.

Источник: https://www.investopedia.com/bank-of-america-bank-review-5069877

Bank of America Near Me: Find Branch Locations and ATMs Nearby

Banking / Banks

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Bank of America is among the top four, most popular and well-known U.S. banks. As of 2021, there are more than 4,300 branches and 17,000 ATMs, so it’s typically convenient to find locations with the services you need nearby. Bank of America also offers a mobile app for convenient online banking, credit cards and debit cards.

Bank of America Near Me

You can easily locate the nearest Bank of America branch through a Google Maps search or by visiting the Bank of America website, which has a branch locator feature. Just enter a zip code, an address, a city or a state to get started.

If you use the Bank of America website’s locator feature, you can sort your search results by branch or ATM, and you can also filter those results by the services you require.

Bank of America Bank Branch Near Me

Consumer banking branches offer a wide range of services, from setting up bank accounts to applying for home and auto loans. If you are using the Bank of America website to find bank branches, you can filter your search by services offered under the Financial Center Services header. There are several other search filters provided by Bank of America, including:

  • Dedicated business teller
  • Glass barrier at Customer Service desk
  • Drive-thru teller services
  • Express financial center
  • Accepts appointments
  • Financial solutions advisor
  • Home loans specialist
  • Notary services

Bank of America ATM Near Me

Using the Bank of America website’s branch locator feature, you can filter your search to list branch locations with ATMs. All you have to do is tick the “ATM Services Available” box.

You can specify the type of ATM services you need, filtering the results to show branch offices that include:

  • Drive-thru ATMs
  • Walk-up ATMs
  • Cardless ATMs
  • ATMs that accept deposits and credit card payments
  • ATMs that allow cash withdrawals only–deposits not accepted
  • ATMs located inside the branch office

About Bank of America

Customer Service

If you need help or a customer service agent, you can:

  • Call 1-800-432-1000 or try any of the other phone numbers listed by department and topic on the bank’s website. Customer Service agents are typically available:
    • Monday through Friday, 8 a.m. to 11 p.m. EST
    • Saturday and Sunday, 8 a.m. to 8 p.m. EST
  • Schedule an appointment by signing into Bank of America Online.
  • Chat with an agent via Bank of America’s online banking portal. Be aware that this feature is only available for certain topics.
  • On Twitter, tweet Customer Service at the handle @BofA_Help.

Hours of Operation

You can view Bank of America’s hours of operation by branch using Google Maps and clicking on each branch location. You can also access hours of operation by branch office through the Bank of America website, specifically by using the branch locator feature. It allows you to filter results by currently open, open Saturdays and open Sundays.

Other Banks, ATMs and Services Nearby

Bank Branches

ATMs

Other Services

Information is accurate as of Oct. 25, 2021

This content is not provided by Bank of America. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Bank of America.

About the Author

Brenda Zhang is a technology, finance and game writer with over a decade of writing experience and too many blogs to count. She has worked in biology labs, psychology labs, tech startups and big corporations. A San Francisco-based software engineer by day and an interdisciplinary writer by night, she connects her seemingly unrelated experience in multiple fields to reveal new insights.

Источник: https://www.gobankingrates.com/banking/banks/bank-america-bank-near-me/

Bank of America Review

It’s hard to underestimate the exact size of Bank of America: It holds about $1 out of every $10 on deposit in the U.S.  Bank of America has had plenty of time to grow since its origins in 1904 and now boasts over 4,300 branches around the country. That makes it convenient, but that convenience comes at a price because its accounts come with high fees and low interest rates.

What We Like
  • Lots of branch locations

  • Lots of financial products

  • Mildly useful perks: round-up savings feature and cash-back program

What We Don't Like
  • Poor interest rates

  • Poor customer service ratings

  • Most accounts come with high monthly fees

Who Is Bank of America Best For?

If you’re looking for a bank that’s conveniently located wherever you want to be within the U.S., it’s hard to beat Bank of America. Only Chase Bank and Wells Fargo offer more branches nationwide. It may also suit you well if:

  • You want to bank with a large, well-known institution
  • You don’t mind navigating a complex system of rules
  • You’re aware of the many fees and how to dodge them
  • You’re not as concerned with earning a good rate on your savings
  • You want a bank that offers a wide range of financial products

What Does Bank of America Offer?

It’s no surprise that a bank as large as Bank of America also offers many different types of financial products. You can find just about anything you need to manage your money. 

Accounts

  • Checking accounts
  • Savings accounts
  • Certificates of deposit
  • Money market and CD IRAs 
  • Credit cards

Services

  • Online, mobile, and in-person banking
  • Customer service

Advantage SafeBalance Checking Account

At first glance, this sounds like a good checking account. There are no overdraft fees or non-sufficient funds (NSF) fees, and if you meet certain requirements, there’s no monthly fee for this account, either. However, the problem comes when you start digging around beneath the hood. 

In order to qualify for that sweet monthly fee waiver, you’ll need to enroll in the Preferred Rewards program and that requires a three-month combined average balance of at least $20,000 across your Bank of America and/or Merrill investment accounts. If you can’t meet that requirement to enroll in Preferred Rewards, you’ll have to pay a $4.95 monthly maintenance fee for this account.

In addition, this account pays zero interest and doesn’t come with checks. You can still move money in and out of this account via an ATM, direct deposit, in-person deposits and withdrawals, bank-to-bank transfers, and with your debit card. But for a checking account, we’d expect, well, checks.

If you’re a student under 24 years of age and you’re attending high school, college, or a vocational school, you can qualify for a temporary fee waiver for the SafeBalance and Advantage Plus checking accounts, and the Advantage Savings account. You might need to show proof of enrollment to qualify.

Advantage Plus Checking Account

Bank of America’s Advantage Plus checking account is probably what more folks will be interested in, assuming you have the $100 deposit required to open one. It does come with the option to purchase paper checks and it is a bit easier to meet the monthly requirements to waive the $12 monthly fee. Just do one of the following three things during each statement cycle:

  1. Enroll in the Preferred Rewards program (with its $20,000 barrier to entry)
  2. Keep an average daily balance of at least $1,500 in this account
  3. Have an eligible direct deposit of at least $250

Sadly, this account also doesn’t pay any interest, and it adds a new potential snag: You can be charged overdraft and NSF fees with this account if you overdraw it. This fee could be a substantial cost, depending on your situation—it’s $35 for each overdraft that’s over $1. You can opt into overdraft protection from your Bank of America savings account, but you’ll also pay a fee (albeit smaller) of $12 for each transfer to cover the overdraft.

Advantage Relationship Checking Account

If you tend to keep large balances in your accounts, this might be the best choice for you at this bank. If you keep at least $10,000 tucked away into your linked Bank of America accounts each statement cycle, the massive monthly fee of $25 will be waived. If you sign up for the Preferred Rewards program, you can also have the fee waived.

In return, you’ll actually earn a bit of interest with this account. Don’t get too excited, though—it’s about 0.01%, which is as low of an APY as a bank can pay while saying it pays anything at all. You can also earn a few valuable perks, like free checks, free wire transfers, free overdraft protection transfers, and you can have the monthly fee waived on certain other bank accounts as well if you link them to this one.

Advantage Savings Account

Bank of America only offers one savings account for adults, and there’s not a ton to like about it. While it does offer about 0.03% APY, the rate varies by location and it’s so low that it’s basically negligible.

Even worse, it comes with an $8 monthly fee. That’s not as bad as some of Bank of America’s checking accounts, but you’d need to keep several hundred thousand dollars in this savings account in order to earn enough interest to offset the monthly fee. You can get it waived through a few methods, however, most notably if you keep an average daily balance of at least $500 in the account.

Keep in mind this means that you won’t be able to drain the account, such as if you’re saving for something in particular and you reach your goal. You’ll need to save however much you need, while consistently maintaining $500 in the account every month to avoid the fee.  

Like many other banks, Bank of America limits you to just six electronic withdrawals per month from your savings account. You'll be charged a $10 “Withdrawal Limit Fee” for each time you go over this limit. 

Minor Savings Account

You can jointly open a Minor Savings Account for an under-18 child with a minimum deposit of $25, and there are no monthly fees. Another perk is that your child will pay a small fee of just $1 if they do go over six withdrawals in a statement cycle, but it can be waived if you maintain a minimum balance of $300 in the account at all times. 

The interest rate offered on this account is generally the same as the adult Advantage Savings version, which is to say that it doesn’t earn much. Once your child turns 18, this account will switch over to the full Advantage Savings account, complete with all of the fees that it charges. 

Custodial UTMA Savings Account

A UTMA account is basically the same thing as a savings account for children, but instead of opening it jointly with your child, you remain in complete control of the account until your child turns 18. Then it becomes their account, and they can do whatever they want with the money you’ve saved for them.

Bank of America’s UTMA account requires a higher deposit to open than its minor savings account—$100 vs. $25—and also comes with a monthly fee of $8 if you don’t keep at least $500 in the account at all times.

Money Market IRA

Many banks and credit unions offer a money market account, which is a bit of a hybrid between a checking account and a savings account. At Bank of America, the only money market account offered is a Money Market IRA, which lets you save for retirement within an FDIC-insured account starting with as little as $100. You can open this account within either a traditional IRA or a Roth IRA.

Saving in a Money Market IRA (as opposed to an IRA CD) allows you to withdraw your money whenever you want. But for savers under age 59 1/2, that may not be a good idea because the IRS will heavily penalize you for early IRA withdrawals. If you are retirement age, however, this account may make more sense for you.

Certificates of Deposit

Regular, non-IRA CDs come in two flavors at Bank of America: Featured CDs and Standard Term CDs. If you have a limited amount of money, a Standard Term CD allows you to get started with as little as $1,000. There’s a broad range of term lengths, too, from 28 days to 10 years in length. Unfortunately, these CDs also don’t pay very much interest as of May 27, 2020.

Standard CDs
TermAPY
1-11 Months0.03%
18-23 Months0.07%
24-120 Months0.10%

If you’ve got a bit more cash—$10,000, to be specific—you can take advantage of Bank of America’s Featured CDs. They offer better rates as of May 27, 2020, but they’re still a far cry from the best CD rates available from other banks and credit unions. They also don’t come in as many term lengths (just seven, 10, 13, 25, and 37 months). Rates are current as of May 27, 2020, and may vary by location.

Featured CDs
TermAPY
7-Month0.17%
10-Month0.17%
13-Month0.17%
25-Month0.17%
37-Month0.17%

It’s best to leave your money in a CD and not withdraw it early unless you absolutely need it. Otherwise, you’ll pay an early withdrawal penalty. At Bank of America, the early withdrawal penalty ranges from seven days’ worth of interest all the way up to 365 days’ worth of interest, depending on the CD term. 

IRA Certificate of Deposits

Bank of America offers three types of IRA CDs. Its Standard Term IRA CDs and Featured IRA CDs are essentially the same thing as its normal CDs, just within the package of an IRA. One notable difference is that the Featured IRA CD requires a slightly higher minimum deposit than the Standard Term IRA CD—$2,000 vs. $1,000. 

However, you also have one more choice if you opt for an IRA CD. You can choose a Variable Rate IRA CD with an interest rate that changes over the CD’s term, which ranges from 18 to 23 months. It requires a smaller deposit ($100) to get started and is also available as a traditional or Roth IRA.

Credit Cards

Bank of America is one of the larger credit card issuers, offering 23 different options for credit cards. It also partners with many third-party companies to offer branded credit cards with specific perks. 

Travel Rewards Credit Cards

  • Bank of America Travel Rewards
  • Bank of America Premium Rewards
  • Alaska Airlines Visa Credit Card
  • Norwegian Cruise Line World Mastercard
  • Free Spirit Travel More World Elite Mastercard
  • Allegiant World Mastercard
  • Amtrak Guest Rewards World Mastercard
  • Air France KLM World Elite Mastercard
  • Sonesta World Mastercard
  • Royal Caribbean Visa Signature Credit Card
  • Virgin Atlantic World Elite Mastercard
  • Asiana Visa Signature Credit Card
  • Celebrity Cruises® Visa Signature® Credit Card

Cash-Back Credit Cards

  • Bank of America Customized Cash Rewards
  • Susan G. Komen Cash Rewards Visa Credit Card from Bank of America
  • MLB Credit Cards
  • World Wildlife Fund Credit Card
  • U.S. Pride Credit Card

Balance Transfer Credit Cards

Secured Credit Cards

Student Credit Cards

Other Financial Products From Bank of America

As a full-service bank, Bank of America also offers a lot of other options aside from credit cards and deposit accounts. These include:

  • Mortgages
  • Refinance mortgages
  • Home equity lines of credit (HELOCs)
  • Auto loans
  • Auto loan refinance
  • Investments through Merrill Edge and Merrill Lynch
  • Self-directed portfolios
  • Managed portfolios
  • Financial advisors
  • Business banking services
  • Private banking

Bank of America Customer Service

When it comes to banking satisfaction, Bank of America ranks below many of the other big banks. According to the 2019 U.S. Retail Banking Satisfaction Study from J.D. Power, there were few banks that ranked lower than Bank of America across the various regions and states in terms of customer service. It offers most of the things that you’d expect, such as online banking, a mobile app, and FDIC insurance. However, getting ahold of someone can sometimes be tricky since the bank doesn’t offer 24/7 call-in support, and chat support is spotty at best. 

While it hasn’t been involved in some of the big scandals that other banks have faced, Bank of America doesn’t exactly have a spotless record. It’s been involved in numerous controversies and lawsuits over the years, including being slapped with a $727 million fine by the Consumer Financial Protection Bureau in 2014 for illegal credit card practices. 

How to Bank With Bank of America

You can easily apply for a bank account with Bank of America online or by visiting a local branch. If you have had problems qualifying for checking accounts in the past, have a “limited credit history,” or if you’re depositing more than $100,000 into an account, you’ll probably want to head to a branch rather than try to sign up online. You’ll also need to provide personal information, just like you would when opening an account at any other bank. 

The Bottom Line

Benefits

The biggest thing you’ll get out of banking with Bank of America is convenience. There are branches in 37 states, so there might even be one located just down the street from you right now. You can rest assured that there will probably be one close by if you travel somewhere else within the U.S., too. 

Drawbacks

Bank of America is a quintessential mega bank. There are a lot of fees (and high ones) to watch out for, and the interest rates you can earn are next to nothing. While Bank of America makes it seem like it’s doing you a favor by offering you ways to dodge those fees, don’t be fooled. You can easily find a much better bank that charges no fees and offers high interest rates as a matter of principle, especially if you’re willing to do your banking online. 

Источник: https://www.thebalance.com/bank-of-america-review-4581273

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