Boa Mobile Banking Down
Erica: The mobile feature, Erica, is only available in the English language. The feature requires that you download the latest version of the Mobile Banking app and is only available in the Mobile Banking app for select iOS and Android devices. Message and data rates may apply. Your chat may be recorded and monitored for quality assurance.
Boa Mobile Banking Down
Transfers: Fees apply to wires and certain transfers. See the Online Banking Service Agreement for details. Data connection required for online and mobile transfers. Wireless carrier fees may apply.
New Special Purpose Credit Program offers down payment grants for SBA 504 and 7(a) commercial real estate loans for women and minority business owners in Atlanta, Chicago, Charlotte, Dallas and Los Angeles
The program will be available for eligible women and minority business owners applying for Small Business Administration (SBA) 504 and 7(a) commercial real estate loans. Commercial real estate properties must be based in Opportunity Zones in Atlanta, Chicago, Charlotte, Dallas and Los Angeles, as defined by the U.S. Treasury. Eligible business owners can apply for down payment grants, covering up to 50% of required injection (capped at $25,000).
Program eligibility requirements also necessitate 51% women or minority business ownership and owner occupancy, and a 5% minimum down payment from the applicant. Additionally, Bank of America small business specialists will team up with local small business-centric non-profit partners to provide financial education services.
Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
The Preferred Rewards program is our way of rewarding you for what you already do, whether it's banking with Bank of America or investing with Merrill.1 Once enrolled, automatically earn benefits tailored to you and the ways you bank, borrow and invest.
The Bank of America Preferred Rewards program offers real benefits and rewards on your everyday banking and investing. And as your qualifying Bank of America deposit accounts and/or Merrill investment balances grow, so do your benefits.
It depends on which accounts you already have. To become a Preferred Rewards member, you must have an active, eligible Bank of America checking account. Once you enroll in Preferred Rewards, you can receive benefits on your existing eligible Bank of America banking and Merrill investing accounts.
With the Preferred Rewards for Business program, you can earn valuable benefits and rewards on your everyday business banking. As your qualifying Bank of America business deposit accounts and/or Merrill business investment balances grow, so do your benefits.
According to Bank of America, the company's online banking system was down. The bank posted a message on its website saying it is looking into the problem but reassuring customers their accounts were secure.
Bank of America was named the Best Digital Bank in the US by Global Finance in September, which recognizes companies for digital leadership. Judges based their decision on a number of categories, including servicing digital clients and web and mobile site design and functionality. The company also ranked number one for online and mobile banking by J.D. Power.
According to BoA, the company made 1,500 enhancements to digital features and platforms last year and is on track to surpass 2,000 this year. The company is also seeing a rapid increase in digital banking, with 85% using digital channels for deposits.
From simple automated calls to SMS alerts to the mobile apps we have today, mobile banking has truly come a long way. In 2021, most banking apps allow you to deposit a check with a click of a button, but sometimes you may stumble across your mobile check deposit not working.
If your mobile check deposit is not working, check your connection. Sometimes your data connection may not be strong enough for a successful deposit. In that case, try switching over to Wi-Fi. Same goes the other way around.
Do you carry a balance on more than one credit card? If so, make sure you always pay at least the minimum on each card. Then focus on paying down the total balance on one card at a time. You can choose which card you target in one of two ways:
Consolidating your debt lets you combine several higher-interest balances into one with a lower rate, so you can pay down your debt faster without increasing payment amounts. Here are two common ways to consolidate debt:
If you have equity in your home, you may be able to use it to pay down card debt. A home equity line of credit may offer a lower rate than what your cards charge. Be aware that closing costs often apply.
Bank of America Corp.'s online banking services are apparently back to normal operations today after three days of sporadic outages and slowdowns that kept many customers from accessing their accounts using the Internet.
Yesterday, customers nationwide found the site down completely from about 2:45 to 3:45 p.m. Eastern time, Hale said, while on Tuesday and Wednesday sporadic service outages were experienced only by online banking customers in California.
During the outages, customers who were able to access the bank's Internet home page were directed to call a toll-free phone number to continue their banking over the telephone until the problems were resolved, Hale said.
George Barto, an analyst at Gartner Group Inc. in Stamford, Conn., said this week's outages at Bank of America weren't that different from occasional IT problems that cause computer systems to temporarily go down in brick-and-mortar banking offices. "It's how you react to [such problems] that's most important," Barto said. "When those kinds of things happen, there have to be contingencies."
And on that score, Barto added, Bank of America did the right thing by letting customers know that they could still bank by phone during the outages. Many customers live far from bank offices and only have easy access to banking services via the Internet or telephones, he said.
To help narrow a homeownership gap among Black and Hispanic-Latino communities, Bank of America is launching new zero down payment, zero closing cost mortgage products to help people in minority communities buy their first homes.
Bank of America also announced the launch of a new small-business down payment program aimed at helping minority and women business owners obtain credit and purchase commercial real estate through grants. That program is launching in Atlanta, Chicago, Charlotte, Dallas and Los Angeles. There are plans to expand to additional markets in 2023.
"Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Company goals are aspirational and not guarantees or promises that all goals will be met. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards.
A collection of the biggest names in American banking, including JP Morgan Chase, Bank of America and Wells Fargo are all partnering to add integration with a new mobile payments network called Zelle, competing with the dominant force in the industry, Venmo.
Zelle users will have two options, depending on what bank they use, when deciding how to send and receive money. If users do not belong to a bank that has partnered with Zelle, they can simply use the Zelle mobile app and send money through it.
Early Warning and Zelle are trying to cut out the middle man when it comes to sharing payments in the hopes that banks can get a cut of the prime market of mobile money sharing, which has taken off in the wake of Venmo and its similar competitors such as Google Wallet and Square Cash.
Down payment assistance can include loans, grants, tax credits1 and other programs designed to help eligible homebuyers cover down payment or even closing costs. These programs are offered by federal, state, county or local government agencies, nonprofits or employers. Availability and qualification requirements vary by state. The American Dream program, offered by U.S. Bank, helps consumers with limited resources become homeowners, especially low-to-moderate income (LMI) borrowers and in LMI neighborhoods. 041b061a72