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

Harmony Let is the latest when you look at the a powerful band of transparent, easy-to-use methods to assist the clients budget, cut, invest and obtain very carefully and with full confidence, said D. Anyone require the power to reach economic independence and balances, and are trying to simple, clear solutions and you may suggestions to help them in the act.

Bank out of America clients increases its economic exercise because of the installing a savings abuse, working to generate their borrowing, and you may boosting their budgeting event partly by this number of useful alternatives. Brought from business’s award-successful electronic avenues and experienced fiscal experts, which group of secure financial choices assists meet clients’ casual financial, deals and credit requires, and is sold with:

• 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 most device info and eligibility criteria. Borrowers must have been a Bank of America checking account client for at least one year. Balance Assist is scheduled to launch in select states by and in remaining states early next year.
• SafeBalance Now, more than 2 million customers use this account, which is designed to help them invest just the money it supply. Having SafeBalance, there aren’t any overdraft charges together with month-to-month repair percentage is actually waived to have qualified youngsters in age of twenty-four otherwise members signed up for all of our Popular Advantages system. Readers tends to make repayments which have good debit cards or digitally whenever signed up for Zelle , cellular otherwise online banking.
• Secure the Change Put within the 2005, Secure the Transform is the first system of their kind so you’re able to let clients create coupons by instantly deposit spare move from game up debit cards purchases with the a bank account. Now, over six billion subscribers use Support the Changes. Over the past 15 years, this choice have helped members direct more $15 million excessively change to savings levels.
• Protected Cards This easy and you will easier charge card might help subscribers establish, bolster or rebuild the borrowing from the bank. Website subscribers can apply to possess a free account which have a protection put off $three hundred. That have in control borrowing from the bank decisions, website subscribers is also enhance their credit rating and, over time, could possibly get be considered to have their coverage put returned.
• Affordable Home Loans In short term loans New York state early 2019, Bank of America launched its $5 billion People Homeownership Relationship, which has already helped nearly 13,000 low- and moderate-income homebuyers achieve homeownership through low down payment loans and down payment and closing cost grants.

This type of choice and you will features arrive from the award-winning Lender out-of The usa Cellular Banking application and are also supported by Erica, our digital secretary

We continue steadily to create multiple creative methods to assist our very own readers get to strong financial footing, told you April Schneider, direct regarding User and Small business Facts at the Financial out of America. Solutions instance Balance Assist, SafeBalance and you will Shielded Credit assist bring subscribers which have financial balances, and can wear them a path to extended-term economic wellness.

These solutions are built to encourage good financial habits, as are additional resources available through Most 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 out of The united states is one of the earth’s top financial institutions, serving private customers, small and center-market people and enormous businesses that have an entire listing of banking, purchasing, asset government or other monetary and you will exposure management services. The organization provides unmatched benefits in the usa, serving around 66 mil consumer and you may business members having just as much as cuatro,300 retail monetary facilities, and whenever step 3,100 financing stores, dos,600 economic facilities which have a customer Money Economic Choices Coach and you will up to dos,200 company stores; approximately sixteen,900 ATMs; and you may award-winning digital financial with approximately 39 billion productive users, along with around 31 million mobile users. Bank out of America is a global leader within the wide range administration, business and you can financial support banking and you will trading across an over-all directory of investment groups, providing corporations, governments, associations and folks in the world. Financial out-of The usa has the benefit of globe-top support in order to around step 3 mil small company houses owing to a beneficial room out of creative, easy-to-have fun with on line services and products. The company serves clients courtesy functions over the You, their regions and you may whenever 35 countries. Bank from America Corporation stock (NYSE: BAC) is on the Nyc Stock exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Financial out-of America newsroom and register for news current email address notification.