Financial out of 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 group of financial choices and services designed to help clients bank confidently and improve their financial lives.

“Equilibrium Assist ‘s the newest inside the a robust gang of transparent, easy-to-use solutions to help the readers funds, save your self, purchase and you can borrow very carefully and you can with full confidence,” said D. “Somebody want the advantage to achieve economic freedom and you may balances, consequently they are seeking easy, obvious choices and you can advice to enable them to in the process.”

Lender from The usa subscribers increases their monetary physical fitness from the starting a savings discipline, trying to build its borrowing from the bank, and you may improving the budgeting event simply from this band of useful choices. Produced from the organization’s award-effective electronic streams and you can experienced fiscal experts, it gang of secure financial selection facilitate see clients’ relaxed financial, coupons and you can credit requires, and you can includes:

• 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 tool info and eligibility criteria. Borrowers must have been a Bank of America checking account client for at least one year payday advance cash loans Oklahoma. Balance Assist is scheduled to launch in select states by and in remaining states early next year.
• SafeBalance™ – Now, over 2 billion website subscribers make use of this account, that is built to help them spend just the money it have available. That have SafeBalance, there aren’t any overdraft charge together with month-to-month repair fee try waived to own eligible college students under the ages of twenty four otherwise clients enrolled in our Well-known Advantages program. Members renders costs that have a beneficial debit cards otherwise digitally when signed up for Zelle ® , mobile otherwise on the internet financial.
• Keep the Changes ® – Lead in 2005, Secure the Changes try the original program of their form so you can assist members generate savings from the automatically deposit spare move from rounded right up debit credit deals toward a bank account. Today, over six million customers have fun with Contain the Transform. During the last 15 years, this method keeps helped members lead over $15 mil excessively change to offers accounts.
• Secured Credit – This simple and you can easier mastercard may help subscribers expose, bolster otherwise rebuild the borrowing from the bank. Clients can use getting a free account that have a safety put of $3 hundred. Which have in charge borrowing behavior, clients can also be improve their credit score and, throughout the years, could possibly get qualify for the security deposit returned.
• Affordable Home Loans – In early 2019, Bank of America launched its $5 billion Area Homeownership Union, 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 establish different imaginative solutions to assist our very own readers reach strong monetary ground,” told you April Schneider, direct off Individual and Home business Situations during the Lender out-of America. “Alternatives like Balance Assist, SafeBalance and you may Secured Credit let give subscribers that have economic stability, and can put them on an approach to extended-identity economic fitness.”

For more Bank out-of America information, along with dividend announcements or any other important info, visit the

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 Most useful Money Activities ® , 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 out-of The united states is just one of the world’s top financial institutions, serving private consumers, small and middle-business companies and enormous businesses with an entire listing of banking, purchasing, resource management and other financial and you will chance management services and products. The company provides unmatched convenience in america, helping whenever 66 million user and you will business clients that have up to cuatro,3 hundred retail financial centers, along with up to step 3,100 financing stores, dos,600 monetary facilities with a buyers Financial support Economic Selection Advisor and you may approximately 2,2 hundred team locations; whenever 16,900 ATMs; and you can prize-profitable electronic financial having as much as 39 million active profiles, as well as around 30 million cellular users. Lender out-of The united states is actually a worldwide commander within the money government, business and you can capital financial and exchange round the a general set of asset classes, providing enterprises, governments, institutions and other people international. Lender out-of America offers industry-leading assistance so you can up to 3 million small company properties as a consequence of a room out of innovative, easy-to-explore on the web products and services. The business serves clients because of businesses along side Us, their regions and up to 35 countries. Bank from America Firm inventory (NYSE: BAC) is actually listed on the Nyc Stock market.