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Bank of America Introduces Balance Assist, a Revolutionary Brand Brand New Short-Term, Low-Cost Loan

Bank of America Introduces Balance Assist, a Revolutionary Brand Brand New Short-Term, Low-Cost Loan

Business Delivers Comprehensive selection of Banking answers to assist Consumers handle Their Financial Lives Carefully and Confidently

Bank of America now introduced Balance Assist, a revolutionary solution that is new offers a low-cost means for consumers to handle their short-term liquidity requires, borrowing just the quantity they require, as much as $500. Balance Assist could be the latest providing in a comprehensive variety of monetary solutions and solutions made to assist customers bank confidently and boost their financial life.

“Balance Assist could be the latest in a effective pair of clear, easy-to-use answers to assist our consumers budget, save, spend and borrow very very carefully and confidently,” said D. Steve Boland, president of Retail at Bank of America. “People want the energy to obtain economic freedom and stability, and generally are searching for easy, clear solutions and advice to simply help them on the way.”

Bank of America consumers can increase their economic physical fitness by establishing a discount control, attempting to build their credit, and increasing their cost management abilities in component through this choice of helpful solutions. Delivered through the company’s award-winning digital networks and knowledgeable fiscal experts, this pair of safe banking solutions helps fulfill consumers’ everyday banking, savings and financing requirements, and includes:

  • Balance Assist – Using this brand new short-term, low-cost loan, Bank of America customers can now borrow as much as $500 (in increments of $100) for a $5 predetermined fee whatever the quantity advanced level for their account. Repayments could be built in three equal equal payments more than a period that is 90-day. For more information, review these product that is additional and eligibility requirements. Borrowers will need to have been a Bank of America account that is checking for a minumum of one 12 months.