Checking Flashcards
What is the preferred checking solution for Merrill clients?
Advantage Relation Banking for Wealth Management account.
Having a B of A checking account is key to being enrolled in?
Preferred rewards for Wealth Management
The benefits B of A checking accounts ?
Monthly fee waivers, discounts and waivers for everyday services and access to Mobile and on line banking
For a B of A Advantage relation Banking for Wealth Management how much in assets is needed?
$250,000
What is the monthly fee for Advantage Relationship Banking for WM? Can it be waived
The fee is $25 per month. The fee can be waived if the client has $10,000 in combined linked deposits and assets.
What is the yield for a Advantage Relationship Banking Account?
The yield is tiered offering higher rates for higher balances. It has the potential for higher yields vs non wealth solutions.
What are the three key features of the checking account?
Enhanced fraud protection through text and email alerts, chip technology embedded for extra protection in debit cards and access to award winning Mobile and On line
What is the benefit of on line and mobile banking?
It enables clients to quickly and easily manage their finances at a time and place that is convenient for them
What is B of A Advantage Plus Banking?
A non interest bearing checking account
What is B of A Advantage Safe Balance Banking?
No paper check writing available and no overdraft. Can only spend what is in the account.
What is the monthly fee for a Bank of America Advantage Plus account?
$12 monthly fee
How is the monthly fee waived on a B of A Advantage Plus Banking account?
The client maintains a minimum daily balance of $1,500 or more each statement cycle .Client has at least one direct deposit of $250 or more each statement cycle.
What are the yields on the Advantage Plus Banking and Advantage Safe Balance Banking?
None the accounts are non interest bearing
