Financial away from The united states today introduced Balance Assist™, a revolutionary new solution that provides a low-cost way for clients to manage their short-term liquidity needs, borrowing only the amount they need, up to $500. Balance Assist is the latest offering in a comprehensive selection of economic choice and services designed to help clients bank confidently and improve their financial lives.
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“Harmony Help is the latest inside a strong selection of transparent, easy-to-have fun with solutions to help the members budget, save yourself, purchase and you can use cautiously and you can with full confidence,” told you D. “Someone want the power to attain economic versatility and stability, and are generally seeking to effortless, obvious alternatives and recommendations to help them along the way.”
Bank off The united states subscribers increases their financial exercise because of the setting up a savings discipline, trying to generate its credit, and improving their cost management experiences to some extent by this band of of good use alternatives. Put from organization’s award-winning digital avenues and educated financial specialists, that it set of safe financial alternatives support satisfy clients‘ relaxed financial, offers and you can credit demands, and you can has:
- Balance Assist – With this new short-term, low-cost loan, Bank of America clients can now borrow up to $500 (in increments of $100) for a $5 flat fee regardless of the amount advanced to their account. Repayments would be made in three equal monthly installments over a 90-day period. To learn more, review these even more equipment facts and eligibility criteria. Borrowers must have been a Bank of America checking account client for at least one year. Balance Assist is scheduled to launch in select states by and in remaining states early next year.
- SafeBalance™ – Today, over 2 million members use this account, that is designed to help them invest precisely the money they have available. Having SafeBalance, there aren’t any overdraft charge in addition to monthly repair payment try waived to have qualified people beneath the age of twenty four otherwise clients signed up for our very own Well-known Advantages system. Readers helps make costs having an excellent debit credit otherwise electronically whenever enrolled in Zelle ® , mobile or on the internet financial.
- Support the Changes ® – Put from inside the 2005, Support the Changes are the initial system of the type to assist customers make deals by the instantly placing free go from rounded right up debit credit transactions on the a savings account. Now, more than six million subscribers fool around with Contain the Change. Over the last 15 years, this program has actually aided clients lead more than $15 million excessively switch to discounts levels.
- Shielded Credit – This easy and you may convenient bank card may help website subscribers expose, bolster or reconstruct their borrowing. Customers can use getting a free account that have a safety put out-of $three hundred. With responsible borrowing behavior, website subscribers can be boost their credit cash loan online Michigan history and, throughout the years, will get be considered for its defense put came back.
- Affordable Home Loans – In early 2019, Bank of America launched its $5 billion Society Homeownership Commitment, which has already helped nearly 13,000 low- and moderate-income homebuyers achieve homeownership through low down payment loans and down payment and closing cost grants.
“I continue to build many different creative answers to help all of our members reach good monetary footing,” said April Schneider, head from Individual and Home business Items from the Bank off The united states. “Selection for example Harmony Help, SafeBalance and you will Safeguarded Card help offer readers with financial balances, and certainly will wear them a path to expanded-title economic health.”
These solutions and services are available through the award-winning Bank of America Mobile Banking app and are supported by Erica, our digital assistant. These solutions are built to encourage good financial habits, as are additional resources available through Greatest Currency Patterns ® , our free financial education platform that provides a simple, accessible way to connect people to the tools and education they need to help take control of their finances. Since 2013, Better Money Habits content has been viewed more than 120 million times.
Bank of America
Bank regarding America is amongst the earth’s leading creditors, helping personal people, small and middle-sector businesses and large companies having an entire list of banking, using, asset administration or any other financial and risk government products. The business brings unmatched benefits in the united states, providing around 66 billion individual and you may business clients that have around 4,3 hundred merchandising financial stores, in addition to approximately 3,100 lending stores, 2,600 financial stores with a customers Financial support Monetary Options Advisor and as much as dos,200 team centers; everything 16,900 ATMs; and you may honor-profitable electronic financial which have approximately 39 billion productive users, plus approximately 30 mil cellular profiles. Financial from The united states was a major international leader inside the money management, business and you will capital financial and you may exchange round the an over-all range of asset kinds, serving corporations, governing bodies, institutions and individuals around the globe. Financial out-of The usa also offers business-top support so you’re able to up to step 3 million business domiciles using good package from creative, easy-to-play with online services. The firm provides subscribers as a result of functions over the All of us, its territories and you will just as much as 35 regions. Bank away from The usa Company inventory (NYSE: BAC) is actually listed on the Nyc Stock market.