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BANK OF AMERICA

Bank of America, known as "Bank of Opportunity". This banks history dates back to the 1700's when John Hancock personally signed it's charter. Bank of America was the second bank to emerge in the United States, centuries later you can find at least one branch in every state. It is one of the top five largest banks in America.

They offer four types of checking accounts.

1) STANDARD CHECKING ACCOUNT
- Minuium $100 to open an account
- No monthly service fee if you maintain the minimum $100 through out the month
- Free online banking and Bill Pay
- Unlimited check writing
- Free debit card

2) PRIMA CHECKING ACCOUNT
- Minimum $100 to open
- This checking account is for individuals who want to keep large sums of money in their account up to $100,000.
- Monthly service fee is $20
- Free online banking and Bill pay
- Interest account @ 0.5%
- Free debit card (cash back rewards)
- Free checkbook wallet
- Free safety deposit box
- Unlimited check writing
- Overdraft protection
- Fraud and Identy Theft Protection
- Stock options

3) CAMPUS EDGE ACCOUNT
- For college students only (18 and older)
- Account good for a maximum of five years
- No minimum deposit
- No minimum balance to maintain
- No monthly fees
- Free debit card
- Free online banking and Bill pay
- Special one time overdraft protection

4) MY ACCESS ACCOUNT
- No minimum deposit
- No minimum balance to maintain
- Free online banking and Bill Pay
- Unlimited check writing

All four of Bank Of Americas accounts can be opened online. If you need a joint account you must go to a branch to open your account.

Another bonus for those who do their banking at Bank Of America is their savings accounts and plans. With any of the four checking accounts you can open a savings account. The bank will withdrawal a minimum of $25. each month on a specific day and deposit it in to you savings account.

My personal experience with Bank of America was not a pleasant one for me. When I open my checking account I was "bullied" in to opening the combined savings account as well. What they did not tell me was they charge a $7.00 a month fee on the savings account and it's nearly impossible to withdrawal the money from this particular savings account. I ended up closing my account, four months after I got it and lost all the money in my savings account, which was a $100. minus the $24. in fees. I could have fought with them about it, but I was moving and had to many other things to deal with at the time.

If you do not want a savings account stand your ground!

Sources
www.bankofameric a.com
www.fdic.com
LF

Learn more about this author, Tammy L Mahan.
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