They got your back number 1watch your account safely alert you and protect your acct
Bank of America is the second largest bank (after Chase) of the Big Four banks in the United States. It was the only one to post an increase in revenue in 2014. It has $2.1 trillion in assets. It has 57 million customers and extended $19.1 billion in loans to small businesses and individuals in 2012.
Bank of America is the result of 200 years of bank mergers. Its heritage banks, such as the Bank of Nantucket, the Bank of Albany and The Merchants Savings Loan and Trust Company were started in the 18th century and early 19th century. The Bank of America has an A+ rating with the BBB and a four-star rating with Bauer Financial. In 2014, BoA was hit with a record $16.7 billion settlement of government mortgage probes.
Bank of America has an impressive selection of online and mobile tools and products. At the same time, Band of America is reducing its branch network. However, its geographical coverage is still larger than all but a few financial institutions. It has 5,000 branches in 37 states and a network of 16,000 ATMs
Here are the highlights of Bank of America’s Core Checking Account:
- Maintenance fee of $12 a month. This fee is waived if you make at least one direct deposit of $250 a month, you maintain a balance of $1,500, or you’re a student under the age of 23.
- Minimum initial deposit is just $25
- Online and mobile banking
- Debit card
- $35 overdraft fee. However, it will simply deny small debit card purchases and ATM withdrawals, instead of charging an overdraft fee.
- Does not earn interest.
- Access to a wide selection of financial products.
If you use direct deposit and you’re looking for a cheap place to store your monthly income, BoA is a solid option. It’s also a good start in the world of banking for college students.
Here are the highlights of Bank of America’s Regular Savings Account:
- A low (but typical) APY of 0.01% regardless of your balance.
- $25 minimum opening deposit.
- $5 monthly maintenance fee that is waived if you make at least $25 in monthly transfers or you maintain a balance of $300. The fee is also waived if you link it to a Bank of America checking account.
- Only three withdrawals a month allowed. A $3 fee is charged for any additional withdrawals. This fee can be avoided if you have $2,500 or more in your account.
- Keep the Change feature makes it easy to save by rounding up every purchase you make and transferring the difference to your savings account.
Bank of America’s CDs have interest rates ranging from 0.05% (for one year) to 0.15% for a five-year term. The minimum deposit to open a CD account is $1,000. The rates are nothing to rave about but Bank of America does offer varied term lengths.
Here is what we like about Bank of America:
- Bank of America is a leader in online and mobile tools. Its mobile app, for instance, offers free money transfers, allows you to pay bills from your phone, and has an excellent expense-tracking app.
- It has creative saving options, such as Keep the Change.
- Low minimum deposits and it’s easy to avoid maintenance fees.
Here is what we don’t like about Bank of America:
- Low interest rates all around.
- Limited options on checking accounts
They got your back number 1watch your account safely alert you and protect your acct
Retirement is meant to be a pleasant , worry free experience. By being a Bank of America customer my finances are worry free. I know my money is being looked after wihj my best interest at heart.
In my work i am required to travel a lot. being a customer of B of A makes it very convenient for me. there is always a branch close to my hotel and they always make me feel at home wherever i may be.
I really like the fact that my checking and savings account are linked. if i have an overdraft the amount is automaticaly transferred to avoid overdraft charges.
So cool that i can scan and deposit checks from my phone. It saves me so much time. I have no complaints in all aspects of my finances with Bank of America.
I am not wealthy and don' keep a high balance in my account. I had a hard time opening an account until i went to Bank of America. They were happy to have my business and never treat me like a second class citizen.
I have fairly good luck with B of A. I like the branch I go to down the street from my house. The people are really friendly and helpful and try to anticipate what I might need to make my life a little bit easier. I'm glad that I go there.
Bank of America has really great bankers - if it weren't for the customer service I get from my branch, I wouldn't even bother with them because I know there are better rates out there.
Customer service here is really not good. I seem to have to poke a million buttons to talk to a real person. And then when I do get someone on the line they barely know what I'm talking about. I feel like I hang up the phone more frustrated than when I started the phone call. The online banking is pretty good, though, so if you don't have to talk to anyone, it will work.
I really appreciate the fact that every time i need to deal with a customer service rep they don't act like i am a bother to them. Always sympathetic to my needs and are very patient and don't interrupt me. And they are easy to understand.
B of A is just okay. I am still upset about the fact that they really messed me up with my mortgage a few years ago when I was applying for the HARP program. They almost took my house! I still have my checking account so I can pay my mortgage more easily. Otherwise I don't use it.
If you are a busy person i highly recommend getting an online banking account with Bank of America. You can take care of all your banking needs yourself on your own time.Jjust make sure you sit with a rep at the branch and understand how to navigate it because there is a fee to call for assistance.
I had Bank of America years ago and had a lot of trouble with them holding checks forever after I deposited them. I left in disgust and went to Wells Fargo where they didn't ever hold my checks. I figured that they might have finally figured it out, but looks like they still have some bugs to work out. Now some of my checks are held and some aren't. Go figure!
I find Bank of America to be a good enough company. I say that because my experience has been that most banks are in business for one reason--to make money. For that it stands to reason that they would do everything they can to make a buck. You can't blame them for that.
Service goes up and down for me with this company. Sometimes the service is wonderful and other times it is just terrible. I am not sure what to do about that because I'm thinking of switching companies. If I could get some consistency then I would be happy. Not sure that's gonna happen.
I am not happy with how I am getting rammed with fees from Bank of America. I swear, everytime I turn around it seems like I am getting charged for something. The overdraft fees alone can kill you. I am thinking of switching to another bank, as I am not seeing the value in this.
I just opened an account with Bank of America. It was a quick and painless process. the staff informed me of my options so i could make choices to suit my banking needs. No sales pressure and treated me in a respectful friendly manner.
I've had pretty good luck with Banki of America. They seem to not make too many misakes, and they offer a wide variety of services that are useful to me. I also like the fact that they have a lot of branches that you can go to.
Pretty good banking experience. I don't know that any of the banks are all that great. I figure if they deposit my money and give it back to me when I ask for it that we are all doing okay. Their branches are pretty nice.
I love the electronic bill pay , all of my bills have been paid on time without a glitch. i am a busy mom with 3 children and anything that can save me some time is greatly appreciated.
I recently deposited a B of A check in my B of A account. I figured that the check would be available immediately, since it's their own check! Not!! I had to wait 2 days to get money from them from a check that containing their money. How absurd is that?
I have a couple of Bank of America credit cards, so it only made sense to use them as a banker. The people in my local branch are pretty friendly, so I like that. They explain anything I don't understand and always make sure that my checks post the same day, so I have no holds. I have noticed, however, that some of my ATM deposits are held, and I'm not sure why. Other than that, pretty good experience.
It's been a few years, and maybe things have changed, but back before I jumped ship from B of A and went to another bank they were doing some dumb things, like holding my checks for way, way too long. I am a hairdresser and I rely on my client checks to pay my bills. Having the checks held for processing for days on end didn't work for me.
I have been a Bank of America customer for 30 years. I have had little to no issues with them. The few issues i have had were always taken care of with little effort from me. They have always been there and been on my side.
Bank of America can be pretty annoying in some ways, but because they are so large, they do tend to have branches all over the U.S. which is important to me because I travel across the U.S a lot for my work and for pleasure, so I can always find a branch to visit and ATMs are all over the place.
I can't say enough about the customer service at the branch or on the phone. Whenever i call with questions they are always familiar with my account and always have answers to resolve whatever issues i might have.
This bank has gotten a little better over the years. When I first started using them I had trouble with them making mistakes. A mistake every now and then is one thing, but all of the time? I stuck with them, because they are the closest bank to me. They have gotten better.
I've used BofA for many years and I haven't really had any complaints. Their customer service in the bank locations is always very friendly and helpful. They have ATM's everywhere which is very convenient. I've had to call their customer service department a couple times and they've always been very helpful and got my issues resolved immediately. Overall I'd recommend Bank of America for all your basic banking needs.
There is a Bank of America on every corner making it very convenient, and us Californians are all about convenience. Unfortunately, in order to not pay for my checking account (who does that), I had to sign up to use the ATM only. I'm not to use the actual bank. And because of that, I use this strictly for my spending money and that is all. On the plus side they have always been helpful to refund any over draft fees.
Opened my first bank account 15yrs ago and still a member. One of the most recognized banks across the globe and I can find a branch or atm anywhere I go. Makes access a lot easier when im not in a familiar area.
Back in the day, before the depression, they provided adequate to above average customer service and were relaxed on their fees. After, related or not, the customer service sunk and the fees increased. Not an ideal way to keep customers.
Really went downhill when they started opening branches in South America. They seem to covet the new business that they can develop here rather than maintaining long term clients. Always seem to have a slow moving line with clients that seem to take forever at the windows. I have changed my banking to Chase and could not be happier.
Pretty good experience with them. They seem to have gotten better over the years. They used to not be very good, but I stayed with them because they were the only bank near me, and I wasn't much into online banking. Nowadays I guess with the competition that they've gotten a little better.
Pretty good experience with them. The way I see it, all banks are going to get you some way or another. Bank of America does charge me some fees, but not too many. I do have a couple of accounts with them as well as a credit card, so maybe that helps me have a better experience than some report with them. I really like my local branch, too.
I have found that there are a lot more Wells Fargo branches than Bank of America, so I just switched over to Wells Fargo. I also wasn't all that impressed with the customer service at times. The branch near me was very slow.
Fairly straightforward banking experience with this outfit. They generally do what they say they are going to do, and I don't usually get hit by unknown fees. I can also understand my statements, which is a good thing. I've had other banks that hit you with fees out of the blue, but not here.
I really like Bank of America's electronic bill pay. It works really well and has really streamlined my life in terms of my regular financial tasks. I would suggest really getting to know the system prior to setting things up, though, because it can be a little confusing at first. Once you get the hang of it, though, you should find it to be a breeze.
I would strongly suggest checking your statements very, very carefully with Bank of America. I've found random charges that no one could explain, even when I called to ask about them!! I would have just been charged and no one would have been the wiser. I work hard for my money, so weird fees on my statement aren't something I want