U.S. Markets closed
  • S&P 500

    4,395.64
    +41.45 (+0.95%)
     
  • Dow 30

    34,258.32
    +338.48 (+1.00%)
     
  • Nasdaq

    14,896.85
    +150.45 (+1.02%)
     
  • Russell 2000

    2,218.56
    +32.38 (+1.48%)
     
  • Gold

    1,768.40
    -9.80 (-0.55%)
     
  • Silver

    23.03
    +0.46 (+2.05%)
     
  • EUR/USD

    1.1696
    -0.0034 (-0.2924%)
     
  • 10-Yr Bond

    1.3360
    +0.0120 (+0.91%)
     
  • Vix

    20.87
    -3.49 (-14.33%)
     
  • GBP/USD

    1.3619
    -0.0045 (-0.3282%)
     
  • USD/JPY

    109.7800
    +0.5600 (+0.5127%)
     
  • BTC-USD

    42,828.69
    -1,421.65 (-3.21%)
     
  • CMC Crypto 200

    1,089.55
    +49.07 (+4.72%)
     
  • FTSE 100

    7,083.37
    +102.39 (+1.47%)
     
  • Nikkei 225

    29,639.40
    -200.31 (-0.67%)
     

Bank of America books low-fee checking account surge to compete with newcomers

·4 min read
Bank of America books low-fee checking account surge to compete with newcomers

Bank of America Corp.’s fight against financial technology challengers appear to be making some headway, at least with its entry-level checking account. The Charlotte, N.C., bank said last week its Advantage SafeBalance Banking program now counts more than three million client accounts, up from 2.1 million at the start of September in 2020. It’s the bank’s quickest-growing checking account program, aimed at younger prospective clients — such as college students as well as people from less lucrative professions — looking to open up their first bank account or repair their credit.