For much more Bank away from The usa information, and dividend announcements and other information, visit the

Lender of The united states today introduced Balance Assist™, a revolutionary new solution that provides a low-cost way for clients to manage their short-term liquidity needs, borrowing only the amount they need, up to $500. Balance Assist is the latest offering in a comprehensive number of financial possibilities and services designed to help clients bank confidently and improve their financial lives.

“Harmony Assist ‘s the newest into the a robust set of transparent, easy-to-use solutions to help all of our customers finances, conserve, invest and use meticulously and you will confidently,” told you D. “Some body need the power to reach financial versatility and you can stability, and are also seeking to simple, clear alternatives and you can guidance to assist them in the act.”

Bank out of America customers can increase its monetary fitness because of the creating an economy abuse, attempting to generate the borrowing, and improving the cost management experiences to some extent from this selection of helpful solutions. Put from organizations prize-successful electronic streams and you may experienced financial experts, it gang of safer banking selection support fulfill clients’ relaxed financial, deals and you will financing means, and you will 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 info and eligibility criteria. Borrowers must have been a Bank of America checking account client for at least one year. Balance Assist is scheduled to launch in select states by and in remaining states early next year.
• SafeBalance™ – Now, over 2 million members make use of this membership, which is made to assist them to purchase just the currency it supply. With SafeBalance, there are not any overdraft fees while the month-to-month repairs payment is actually waived to own eligible college students underneath the chronilogical age of twenty four otherwise subscribers signed up for the Well-known Rewards program. Readers can make repayments which have an effective debit credit or digitally when subscribed to Zelle ® , cellular or on the internet financial.
• Secure the Alter ® – Introduced during the 2005, Keep the Change was the first program of its form so you’re able to let website subscribers generate offers of the immediately placing spare go from rounded upwards debit card transactions towards the a checking account. Now, more than six billion members fool around with Contain the Changes. During the last 15 years, this option have assisted readers direct over $fifteen million excessively switch to offers accounts.
• Secured Cards – This easy and you can smoother mastercard may help readers expose, strengthen or reconstruct their credit. Customers can use to have a merchant account which have a protection put of $3 hundred. Which have in charge credit choices, members normally improve their credit history and you may, over the years, may meet the requirements for their protection deposit returned.
• 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 consistently generate some creative solutions to let our very own subscribers get to strong economic ground,” told you April Schneider, head off Individual and Small company Affairs within Financial away from The united states. “Possibilities such as for instance Harmony Help, SafeBalance and you will Covered Card help give website subscribers which have financial balances, and can use them a route to lengthened-name monetary wellness.”

These solutions and services are available through the award-winning Bank of America Mobile Banking app and are supported by Erica https://autotitleloansplus.com/title-loans-mi/, our digital assistant. These solutions are built to encourage good financial habits, as are additional resources available through Most readily useful Money Designs ® , our free financial education platform that provides a simple, accessible way to connect people to the tools and education they need to help take control of their finances. Since 2013, Better Money Habits content has been viewed more than 120 million times.

Bank of America

Lender off America is among the world’s leading loan providers, serving personal consumers, small and center-market businesses and enormous agencies that have a complete range of banking, using, investment administration or any other financial and you will risk management products. The firm provides unmatched benefits in the usa, offering just as much as 66 billion consumer and business subscribers having around cuatro,3 hundred retail financial centers, together with just as much as 3,one hundred thousand lending centers, 2,600 economic stores that have a consumer Funding Economic Alternatives Mentor and you can just as much as 2,2 hundred company facilities; around 16,900 ATMs; and you may prize-profitable digital financial which have as much as 39 mil active profiles, and whenever 30 million cellular profiles. Financial of America was a global chief from inside the wide range management, corporate and you can capital banking and you will exchange across a general set of asset classes, providing providers, governments, institutions and individuals around the world. Bank out-of The usa now offers world-leading assistance to as much as step three billion business home as a result of good collection out-of imaginative, easy-to-have fun with on the internet services and products. The firm serves customers compliment of businesses along side Us, its regions and you will everything 35 regions. Bank out-of The united states Agency stock (NYSE: BAC) is on the New york Stock market.