Deposit Accounts- Consumer
Can family banking safe balance accounts receive Zelle transfers? direct deposit?
NO
What card is typically best for balance transfer due to low APR?
bank americard
What tier are EB& I clients eligible for?
gold
What are the ways to waive to MMF on business fundamentals account?
Maintain a $5,000 combined average monthly balance in eligible linked business deposit accounts
• Use your Bank of America business debit card to make at least $500 in new net qualified purchases
• Be a member of Preferred Rewards for Business (first 4 checking accounts, per enrolled business)
SURPRISE
Quote me the rate of a lease buyout!
$4.95, $4.95, $12, $25
What card is good for international travel? Why?
travel rewards card
travel points
international transaction fee waived
What tier are bank of america employees eligible for?
platinum
How do you waive the MMF on business advantage savings?
Maintain a $2,500 minimum daily balance
Include one Business Advantage Savings account as part of client’s Business Advantage Relationship Banking solution
Be a member of Preferred Rewards for Business (first 4 savings accounts per enrolled business)
What is the minimum loan amount ?
$7,500
What dollar amount are deposit accounts insured up to with FDIC?
FDIC-insured deposits up to $250K
What are the security deposits for a partially secured card? fully secured card?
$99
between $200 and $5,000 based on the security deposit amount and credit eligibility
Do business accounts and commercial accounts count toward three-month combined average daily balances for preferred rewards?
no
What are the MMF on business fundamentals ? business advantage?
After 12-month grace period: $16 or $0 if one of the below requirements are met.
After 2-month grace period: $29.95 or $0 if one of the below requirements are met.
Where do we find a list of Approved Independent Dealers ? Franchise Dealers?
Dealer Locator Tool
What is the opening deposit amount for family banking? safebalance? advantage plus? advantage relationship?
$25, $25, $100, $100
What is the annual fee for the customized cash rewards card?
$0
What is the mobile check deposit limit for a preferred rewards client with an account >90 days?
$75,000
Can business account balances help a consumer client qualify for preferred rewards?
no
-Applicant(s) must be U.S. citizens, Resident Aliens or Non-Resident Aliens AND have a Social Security Number
- 18 years of age
-Complete one of the following each statement cycle
-Maintain a minimum daily balance of $20,000 or more OR
-Are a member in our Preferred Rewards program
What is the quarterly cap on the customized cash rewards card?
what are the balance requirements for each of the preferred rewards tiers?
gold: $20K to <$50K
platinum: $50K to <$100K
platinum honors: $100K to <$1MM
diamond honors: $1 MM+
3month
What is the minimum initial deposit for any business cd?
$1000
What are the vehicle requirements?
Maximum vehicle age is 10 calendar years old
• Vehicles with greater than 125,000 miles are not eligible for financing
• No commercial vehicles
No salvage or branded title vehicles
• No gray market or lemon law vehicles. No heavy-duty trucks or delivery vehicle
No motorcycles, recreational vehicles (RV), boats or aircraft
• Vehicle to have a value of $6,000 or greater