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Among the accounts offered by Bank of America for its personal banking customers, it is possible to find checking accounts and savings accounts. The first ones allow all types of transactions to be carried out, both through the Internet and by going to the bank's branches throughout the United States.
With them you have several payment and collection methods available, such as issuing and depositing checks, free debit card to make payments and withdraw money at ATMs, direct debits for deposits and payments, etc.
Depending on the checking account chosen, the conditions may vary, such as the minimum amount that must be deposited to be able to open it, as well as the monthly fee that applies and how to avoid it.
In addition, some of them also remunerate the balance, such as the Advantage Relationship Banking Account, which also offers free checks.
In addition, with these accounts you can access the other products offered by the bank, such as loans, certificates of deposit, mortgages, credit cards and more.
Savings accounts do not have as much functionality as checking accounts, since they are designed to deposit money that you are not going to use in the short term and get a return on it. However, they offer you full availability to deposit or withdraw money in them whenever you want, without any penalty.
Currently, you can sign up for the Advantage Savings Account, which offers you a small interest on your money that you can improve if you link up with the bank.
In addition, with Bank of America bank accounts you can sign up for the Preferred Rewards program, with which you can get many additional advantages, such as increased interest rates on savings accounts and certificates of deposit, higher rewards on credit cards, discounts on your mortgage, reduced interest rates on auto loans or use of other banks' ATMs at no cost.
Español: Cuentas de Bank of America