Consumer Bank Accounts Flashcards
What are the 3 advantage banking account settings?
Safe Balance, Advantage Plus, Advantage Relationship
What is the MMF & minimum opening balance for SafeBalance?
$25 opening balance; $4.95 MMF
What is the MMF & minimum opening balance for Advantage Plus?
$12 MMF & $100 minimum balance
What is the MMF & minimum opening balance for Advantage Relationship?
$25 MMF & $100 minimum balance
Who is SafeBalance Banking mainly for?
New to the bank; Youth/Young adults; students under 25
Who is Advantage Plus Banking mainly for?
Clients with $250+ of direct deposit; expect daily balance of $1,500+; Who value overdraft protection
Who is Advantage Relationship Banking mainly for?
clients with $10,000+ in deposits; enjoy earning interest; enjoy no or reduced fees
What different ways can clients avoid MMF for SafeBalance banking?
Need to be a student under 25 OR owner under 18 OR enrolled in Preferred Rewards
What different ways can clients avoid MMF for Advantage Plus banking?
$250+ direct deposit OR minimum balance of $1,500 OR enrolled in preferred rewards
What different ways can clients avoid MMF for Advantage Relationship banking?
maintain minimum $10,000 each statement OR enrolled in Preferred Rewards
What is BoA Advantage Savings?
A savings account that allows clients to save money based on short-term and/or long-term goals
What are the different options in Advantage Savings that help clients save?
Keep The Change; BankAmeriDeals; Life Plan; Automatic Transfers; Split Direct Deposit
What is the MMF, minimum opening balance, and WLF for Advantage Savings?
$8 MMF, $100 minimum, $10 WLF
How do you avoid MMF for Advantage Savings?
Maintain min. balance of $500 OR linked to a BoA Advantage checking OR enrolled in Preferred Rewards OR under 18/a student
How do you avoid the WLF for Advantage Savings?
Maintain min. daily balance of $20,000 OR enrolled in Preferred Rewards OR under 18/a student
