Steve Boland, president away from Retail on Bank of The united states
Lender regarding America 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 economic possibilities and services designed to help clients bank confidently and improve their financial lives.
“Equilibrium Let is the newest from inside the a robust band of clear, easy-to-use answers to let the subscribers funds, save yourself, invest and acquire meticulously and confidently,” said D. “Some one need the benefit to get to economic freedom and balances, and they are seeking to easy, obvious selection and you will guidance to assist them in the act.”
Bank out of The usa members can increase their economic fitness by the setting-up an economy discipline, working to make the borrowing from the bank, and you may boosting their cost management event in part from this gang of useful selection. Delivered from the company's prize-successful electronic streams and experienced fiscal experts, it set of safer financial alternatives support fulfill clients' everyday financial, coupons and you can credit needs, and comes with:
These types of solutions and you can properties are available from prize-profitable Bank out-of The usa Cellular Banking software and are also supported by Erica, the electronic secretary
- 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.