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If I open; deposit 2k direct, get 300 and close immediately 60 days later. How much $ is it penalty? 25 or so? I don't want this bank tbh but il take the 300
It's people going back to crooked banks that keeps these corporate scams going. What does it matter if BoA reduced OD fees? They just have to charge more. Go open an account with them then.
"Bank of America has been accused of a number of overdraft-related practices that some say are illegal and constitute a scam, including:
Double-dipping: Charging customers multiple overdraft fees for the same transaction
Misleading customers: Promising relief from overdraft fees after ending its Client Assistance Program, and misleading customers into thinking it was better to incur overdraft fees than borrow money
Withholding rewards: Failing to properly issue rewards to credit card users
Opening accounts without consent: Signing up customers for card accounts without their knowledge or authorization
In July 2023, Bank of America was ordered to pay more than $100 million to customers and $150 million in penalties to the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC)."
The cash deposit fee has been gone for many years. That account type no longer exists. I think it was called E-banking.
There is no paper statement fee if you go electronic statements, which is the default statement setting.
This is for direct deposit, not a wire. No need to wire at all. Can use ACH instead if you really need to. But it's true there is an incoming wire xfer fee.
BOFA doesn't use deposit slips since last year.
I suppose their banks can be busy depending on when you go. Their ATM withdrawal limit is $2000 a day though (even higher for Merrill clients) , which I think is the highest you'll find.
Personally a fan of Bofa due to Preferred Rewards, Merrill partnership, and their good CCs.
5.25% cash back on online purchases and 2.62% on everything if you can get to platinum honors. (100k between everything, including retirement)
If I open; deposit 2k direct, get 300 and close immediately 60 days later. How much $ is it penalty? 25 or so? I don't want this bank tbh but il take the 300
There is no fee or it would be called out in the T&C.
lol pretty sure wells fargo has a 325 for new checking and 500 min... so not the best deal. Theres alot of deals like this of course make sure your ready to keep track of irs papers lol
I already have an account with them. Will I still qualify for a second account.
The Customized Cash Card, and their Premium card is the combo I use with platinum honors Preferred Rewards.
The premium card is 2.62% on everything no limit. Also 3.50% on travel and dining. With $100 airline incidentals credit every year. $95 annual fee. Well worth. You could alternatively get the Unlimited card with no annual fee, still get the 2.62% if you're platinum honors.
The Customized Cash card with platinum honors is 5.25% on a category of your choosing (online shopping is mine $2500 spend limit quarterly), 3.5% at Costco Bjs Sam's, and 1.5% on everything.
I use the premium card for 2.62% on everything, and the customized cash card for all online purchases until I hit $2500 spend in the quarter.
The cards are good on their own but if you can get preferred Rewards boosts (gold, platinum, platinum honors) they become pretty unbeatable as far as CCs go.
The Customized Cash Card, and their Premium card is the combo I use with platinum honors Preferred Rewards.
The premium card is 2.62% on everything no limit. Also 3.50% on travel and dining. With $100 airline incidentals credit every year. $95 annual fee. Well worth. You could alternatively get the Unlimited card with no annual fee, still get the 2.62% if you're platinum honors.
The Customized Cash card with platinum honors is 5.25% on a category of your choosing (online shopping is mine $2500 spend limit quarterly), 3.5% at Costco Bjs Sam's, and 1.5% on everything.
I use the premium card for 2.62% on everything, and the customized cash card for all online purchases until I hit $2500 spend in the quarter.
The cards are good on their own but if you can get preferred Rewards boosts (gold, platinum, platinum honors) they become pretty unbeatable as far as CCs go.
Is it worth leaving additional money in a no/low interest rate account for the additional cashback %?
Is it worth leaving additional money in a no/low interest rate account for the additional cashback %?
And anyone apply in branch with the bonus?
You can leave the money in merrill and get 4.5% around as of now (treasury funds or etf) or equities (if you feel bullish about it). So, you don't need to let money sit in a no interest account to get to platinum honors.
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Guess things do change huh?
"Bank of America has been accused of a number of overdraft-related practices that some say are illegal and constitute a scam, including:
Double-dipping: Charging customers multiple overdraft fees for the same transaction
Misleading customers: Promising relief from overdraft fees after ending its Client Assistance Program, and misleading customers into thinking it was better to incur overdraft fees than borrow money
Withholding rewards: Failing to properly issue rewards to credit card users
Opening accounts without consent: Signing up customers for card accounts without their knowledge or authorization
In July 2023, Bank of America was ordered to pay more than $100 million to customers and $150 million in penalties to the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC)."
There is no paper statement fee if you go electronic statements, which is the default statement setting.
This is for direct deposit, not a wire. No need to wire at all. Can use ACH instead if you really need to. But it's true there is an incoming wire xfer fee.
BOFA doesn't use deposit slips since last year.
I suppose their banks can be busy depending on when you go. Their ATM withdrawal limit is $2000 a day though (even higher for Merrill clients) , which I think is the highest you'll find.
Personally a fan of Bofa due to Preferred Rewards, Merrill partnership, and their good CCs.
5.25% cash back on online purchases and 2.62% on everything if you can get to platinum honors. (100k between everything, including retirement)
Which card offers that?
I ask because keybank told me I will owe 25 for closing my smartly bank account before 180 days. But can't find any info online about it.
But waiting for the $300 bonus to hit before I do of course
I already have an account with them. Will I still qualify for a second account.
The Customized Cash Card, and their Premium card is the combo I use with platinum honors Preferred Rewards.
The premium card is 2.62% on everything no limit. Also 3.50% on travel and dining. With $100 airline incidentals credit every year. $95 annual fee. Well worth. You could alternatively get the Unlimited card with no annual fee, still get the 2.62% if you're platinum honors.
The Customized Cash card with platinum honors is 5.25% on a category of your choosing (online shopping is mine $2500 spend limit quarterly), 3.5% at Costco Bjs Sam's, and 1.5% on everything.
I use the premium card for 2.62% on everything, and the customized cash card for all online purchases until I hit $2500 spend in the quarter.
The cards are good on their own but if you can get preferred Rewards boosts (gold, platinum, platinum honors) they become pretty unbeatable as far as CCs go.
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The premium card is 2.62% on everything no limit. Also 3.50% on travel and dining. With $100 airline incidentals credit every year. $95 annual fee. Well worth. You could alternatively get the Unlimited card with no annual fee, still get the 2.62% if you're platinum honors.
The Customized Cash card with platinum honors is 5.25% on a category of your choosing (online shopping is mine $2500 spend limit quarterly), 3.5% at Costco Bjs Sam's, and 1.5% on everything.
I use the premium card for 2.62% on everything, and the customized cash card for all online purchases until I hit $2500 spend in the quarter.
The cards are good on their own but if you can get preferred Rewards boosts (gold, platinum, platinum honors) they become pretty unbeatable as far as CCs go.
And anyone apply in branch with the bonus?
And anyone apply in branch with the bonus?
You can leave the money in merrill and get 4.5% around as of now (treasury funds or etf) or equities (if you feel bullish about it). So, you don't need to let money sit in a no interest account to get to platinum honors.
Thumbs down for bad news.
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