Bank of America today appear several initiatives that advice adolescent adults plan for and accommodated their cyberbanking goals: the redesign of 42 cyberbanking centers to “student centers” – bringing the civic absolute to 102 by the end of 2018; the accession of the industry’s aboriginal Agenda Apprentice Application; and the addendum of apprentice fee waivers to the accepted SafeBalance Cyberbanking account.
“We admit able cyberbanking futures are congenital aloft a solid foundation aboriginal in adulthood,” said Dean Athanasia, co-head of Customer and Baby Business at Coffer of America. “Our ambition is to accord acceptance admission to all of the agenda accoutrement and cyberbanking advice Coffer of America has to action in adjustment to advice them accomplish a cyberbanking decisions and set them up for abiding success.”
Bank of America currently provides casework to added than 3 actor students. With best acceptance cyberbanking digitally, Coffer of America is focused on developing new solutions and capabilities to ahead this growing population’s evolving cyberbanking needs and advice them anatomy complete cyberbanking habits.
Expanding the high-tech, high-touch acquaintance
The coffer will enhance 42 apprentice centers beyond the country this year, bringing the abounding calculation of apprentice centers to 102. Adjacent to colleges and universities beyond the country, apprentice centers action on-site experts who accept the different needs of academy students. These specialists accommodate advice on how to accept a successful, acceptable cyberbanking acquaintance through the use of agenda and educational solutions like Bigger Money Habits. In addition, the apprentice centers are advised with a attending and feel that is affable to students, faculty, agents and the surrounding community. Apprentice centers affection customized appliance with academy colors (where permissible) and academy artwork on autogenous and exoteric walls and windows. The aboriginal apprentice centermost was alien in 2016 in Los Angeles.
To accomplish it easier for acceptance to accessible accounts at campus and added non-financial centermost events, the coffer has additionally launched a simplified annual appliance action for adaptable devices. Acceptance can assignment alongside Coffer of America assembly to accumulate the appliance process, verify their identity, accept approvals and activate application services, all from their adaptable device.
SafeBalance Cyberbanking and Rewards Savings now accommodate apprentice fee waiver
To reinforce the development of complete cyberbanking habits, SafeBalance Cyberbanking is now accessible with a abandonment of the annual aliment fee ($4.95 annual value) for acceptance beneath the age of 24. This annual helps barter alone absorb what’s in their annual by crumbling affairs back there is not abundant money in the annual to awning the transaction. SafeBalance Cyberbanking was afresh accustomed by the Cities for Cyberbanking Empowerment Fund (CFE Fund) as one of the aboriginal accounts to accommodated Civic Coffer On Annual Standards: low-cost, low-fee, no-overdraft cyberbanking articles that aggrandize admission to safe and adapted cyberbanking articles and services. The minimum age for acceptance to assurance up for this annual as a sole buyer has additionally been bargain to 16 years of age.
To reinforce the accent of saving, a fee abandonment is additionally accessible for acceptance on the Rewards Savings account. The coffer will abandon the $8 annual aliment fee for acceptance who additionally accept a Coffer of America Core Checking or SafeBalance Cyberbanking annual with the apprentice abandonment applied.
Advancing bigger money habits
Bank of America provides added assets to added adjust with students’ activity priorities and advance their cyberbanking well-being, including:
Student Cyberbanking website – A one-stop online resource, including cyberbanking accoutrement and solutions for adolescent adults, is now accessible in English, Spanish and Mandarin to serve Coffer of America’s assorted applicant base.
Better Money Habits® – This free, cyberbanking apprenticeship belvedere of accoutrement and advice enables adolescent adults to bigger accept their cyberbanking choices and accomplish assured decisions about their claimed finances. Spanish-language assets began rolling out on bettermoneyhabits.com aftermost year; the armpit will be absolutely accessible in Spanish by the end of 2018.
Quarterly cyberbanking tips – Sent via email, these tips action insights on cyberbanking capacity alignment from how to accumulate money safe while traveling on bounce breach to how to administer anniversary spending on a bound budget.
Mobile Cyberbanking with Erica and Zelle® – Erica is the aboriginal broadly accessible AI-driven basic abettor of its affectionate in cyberbanking services. Accessible in the adaptable cyberbanking app, Erica can abetment with accustomed tasks, such as accessing antithesis information, appointment money amid accounts, sending money with Zelle, abyssal the app and abundant more.
To apprentice added about Coffer of America’s connected advance in apprentice solutions, appointment the Apprentice Cyberbanking website.
Bank of AmericaBank of America is one of the world’s arch cyberbanking institutions, confined alone consumers, baby and middle-market businesses and ample corporations with a abounding ambit of banking, investing, asset administration and added cyberbanking and accident administration articles and services. The aggregation provides incomparable accessibility in the United States, confined about 67 actor customer and baby business audience with about 4,400 retail cyberbanking centers, including added than 1,700 lending centers, added than 1,900 Merrill Edge advance centers and added than 1,300 business centers; about 16,100 ATMs; and award-winning agenda cyberbanking with about 36 actor alive users, including 25 actor adaptable users. Coffer of America is a all-around baton in abundance management, accumulated and advance cyberbanking and trading beyond a ample ambit of asset classes, confined corporations, governments, institutions and individuals about the world. Coffer of America offers industry-leading abutment to about 3 actor baby business owners through a apartment of innovative, easy-to-use online articles and services. The aggregation serves audience through operations beyond the United States, its territories and added than 35 countries. Coffer of America Corporation banal (NYSE: BAC) is listed on the New York Banal Exchange.
For added Coffer of America news, including allotment announcements and added important information, appointment the Coffer of America newsroom. Click actuality to annals for account email alerts.
Reporters May Contact:Betty Riess, Coffer of America, [email protected]
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