Introduction
You’ve been to many banks, spent countless hours applying for loans, checking your account, moving money around, and all you want is to go home. But it’s not over yet. You’ve got one more thing to do: Wait in line again to talk to a customer service representative – the only thing you can do is wait patiently and hope you don’t get robbed or killed by the time you get to the front of the line.
Been there, done that. So now you’re looking for a severe bank near you that won’t make you wait in line, will take care of you, and doesn’t charge a hefty monthly fee. That bank is Bank of America, and they have branches all across the United States.
What is Bank of America?
Founded on 30 September 1998, Bank of America is the second-largest bank in the United States. It boasts more than 5,600 branches and 16,000 ATMs in all 50 states. The bank offers a variety of FDIC-insured products, including savings accounts, checking accounts, CDs, IRAs and credit cards.
Services Offered
Savings Accounts
Their savings accounts are F.D.I.C. insured and offer a minimum of $2,500 to open. The monthly rate is 0.10% APY with a minimum balance of $1,000.
CDs
Bank of America offers certificates of deposit which usually range from one year to 10 years. The rate is the same as their savings account, which changes daily.
Checking Accounts
The checking account offers several options as much as you can find in any bank. You can have check-writing privileges, direct deposit, online bill pays, and mobile banking. The base rate is 0.10% APY.
Ready Access Checking (R.A.C.)
You can open a R.A.C. account with a to 0 deposit. This account comes with a debit card, online and mobile banking and online bill pay. It is the perfect option for a student just out of high school.
Risk management solutions
Bank of America offers various services to help you manage your money and keep it safe. The best one is their R.M.A. They offer a free quote and estimates on approved repairs. They also offer total replacements or refunds for the products if you want to walk away from them due to their poor quality.
Branches and Services Near You
You don’t have to travel far to a Bank of America branch or A.T.M. They offer several branches across the U.SU.S. The “near me” section of their website will show you all branches within a 10-mile radius of your location. If there’s none near you, they also offer a remote deposit capture system, 24/7 account access, and self-service banking through their mobile app or web account. Here are some of the places they have branches:
- Sacramento, CA.
- San Francisco, CA.
- Los Angeles, CA.
- Beverly Hills, CA.
- Denver, CO.
- Seattle, WA.
- Atlanta, GA.
- Detroit, MI.
- New York City, NY.
- Chicago, IL.
- Dallas, TX.
- Houston, TX.
- Las Vegas, NV.
- Philadelphia, PA.
- St Louis Mo.
- Irvine, CA
Atm Locations
They offer a wide selection of A.T.M. inside their branches and outside of them as well. They claim to have about 1 A.T.M. for every 16,000 households, including but not limited to:
- Pittsburgh
- Boston
- New York City.
- Milwaukee
- Greensboro
- Tallahassee
- Wichita Falls
- Worcester
- Charleston and many more.
Opening and Closing Hours
Week Days
(Monday – Friday): 9:00 a.m. – 6:00 p.m.
Weekends
- Saturday: 9 a.m. to 1 p.m.
- Sunday: Closed
Bank of America is closed on Saturdays and Sundays. Still, it remains open for business during U.S.U.S. holidays like Labor Day, Martin Luther King Jr’s birthday, Veteran’s Day and Christmas Eve, New Year’s Eve and New Year’s Day. In New York City, Bank of America is closed on the first and last Friday of every month in addition to their first Sunday.
Customer Service
Bank of America provides excellent customer service in person and on the phone. You can call them at 1-800-432-1000 to speak to an automated attendant and get your questions answered. They are reached at their N.J.N.J., PA, DE and C.T.C.T. offices by calling the same number (1-800-432-1000).
They are also available through social media platforms like Facebook, Twitter, Instagram & YouTube.
Other Banks, A.T.M. and Services Nearby
You’re only 10 miles away from every central bank, credit union and A.T.M. you need. Here are some of the closest places near me so you can use apart from The Bank of America:
- The Huntington Bank
- Chase Bank
- Wells Fargo Bank
- Wells Fargo
- U.S.U.S. Bank
- Chase Bank
- Citibank
- T.D. Bank
- Navy Federal Credit Union
Why You Should Choose Bank of America
- Bank of America is the most trusted bank in America.
- They are F.D.I.C. insured and have an A+ rating from the B.B.B. (Better Business Bureau).
- You will also earn interest on your account, but you must maintain a minimum balance of at least $5,000 or $250 each month to earn the rate of 0.10%.
- Bank of America offers a free checking account that is F.D.I.C. insured and available to everyone. The minimum opening deposit is $25. It does not have a monthly fee or A.T.M. charges.
- Their business checking accounts are F.D.I.C. insured and offer withdrawal fee reimbursements up to ,500; the interest rate changes daily, which can be seen here. You can also receive a check for your money if you don’t have enough in your checking relationship (statement check).
Conclusion
Bank of America is the top bank in the United States, offering much more than just checking. They offer C.D.s, savings accounts, certificates of deposit, business banking services and checking accounts. Their credit cards have a meagre interest rate but are not as flexible as other products, like overdraft protection.
They are also pretty popular with their customer service since they’re one of the most trusted banks in America if you’re looking for an option outside The Bank of America.
