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Bank of America Review

Checking

Overall rating: 9.5/10

Pros

  • Accessibility

    • With over 4,100 branches and 17,000 ATMs nationwide, Bank of America is one of America's most accessible banks​.
  • Customer service
    • Bank of America's phone lines are open seven days a week, and with an abundance of in person locations, they make it easy for you to get the help you need.​
  • Online banking
    • With a sleek, simple, easy-to-use, top-rated app, it is easy to access your Bank of America account on the go.​
  • Bonuses​
    • Bank of America's "Advantage Banking Account" bonus is a relatively easy one to achieve in comparison to other national banks.​
  • Options
    • Bank of America offers 3 different checking accounts to fit your needs.​

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Cons

  • Fees

    • All 3 of Bank of America's checking accounts have fees, which can be waived if you are:​

      • 1. Enrolled in Preferred Rewards Program​​​

      • 2. Student under the age of 24 years old

Savings

Overall rating: 5.2/10

Pros

  • Accessibility​

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  • Customer service​

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  • Online banking​

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Cons

  • Low interest rates

    • An interest rate of 0.01% makes Bank of America an unattractive option when looking for a savings account.​

      • The APY can go up to 0.05% if you have at least $20,000 combined in your BofA accounts. Not something to get excited over, but better than nothing.​

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