This article discuss Bank of America Personal Banking to explain the types of services that this significant US banking organization offers.
Bank of America Personal Banking consists of services like checking account services, mortgage services, savings facilities, credit card services, investment facilities, insurance services and lending facilities.
Checking Account Services Provided By Bank of America Personal Banking
Regular Checking Account – This checking account does not require monthly service fees.
My Access Checking Account – This account requires no minimum balance to be maintained.
Bank of America Preferred Checking Account – No monthly service fee. Holders for this type of account are offered with Certificates of Deposits and IRAs at preferential rates.
Savings Facilities Provided By Bank of America Personal Banking
Regular Savings Account – Account holders are not required to pay monthly fees if they are able to maintain a daily balance of $300.
Balance Reward Money Market Account – Account holders are not required to pay for a monthly fee if they link their Balance Rewards Money Market Account with Bank of America Advantage Checking Account or the Preferred Checking Account. The Certificate of Deposit by the Bank of America involves a short term period of eight months. The High Yield Certificate of Deposit customers are required to have a minimum deposit of $5000. Customers can withdraw money even before the completion of the maturity period and they are not even charged with penalties.
Mortgage Services Provided By Bank of America Personal Banking
Mortgage Plus – Bank of America Personal Banking customers are not required to pay any application fee and get the Bank of America’s “Best Value Guarantee”.
Credit Cards Offered By Bank of America Credit Card Types
- Everyday Cards
- Cash Back Cards
- Rewards Cards
- Airlines Rewards/Miles Cards
- Entertainment Cards
- Student Cards
Lending Facilities Provided By BOA Personal Banking
BOA provides quality lending services to their personal banking customers through their Home Equity Loans and Home Equity Lines of Credit.
Beneficial Features include:
- Home Equity Loan and Home Equity Line of credit provides a fast approval process
- Customers get the facility of low monthly payments
- They can access their loan through their VISA Access Card
- The money acquired as lone can be utilized for home improvement or any other reasons according to the customer’s preference.
Investment Facilities Provided By Bank of America Personal Banking
Bank of America personal banking services for investment consists of trust services, mutual funds, IRAs, private banking services and wealth management services.
Insurance Services Provided By BOA Personal Banking
Different types of insurance provided by Bank of America are home insurance, auto insurance, renters insurance, small business insurance, life insurance, individual and family health insurance and supplementary income insurance.
These are the prcipal offers of Bank of America Personal Banking.