The world now adopts electronic means of payment, and it has become so difficult to carry out any transactions without a bank account. Having a bank account will not only give you quick access to your funds, but it will also make them available anytime and anywhere in the world. Learning how to open bank of America account online might be what you need to start enjoying smart banking.
The bank of America has been in existence for over 200 years, creating wealth for its owners while providing excellent service to its customers globally. They are among the top leaders in wealth management, corporate, and investment banking. The bank also has a reputation when it comes to providing assets for individuals, government, corporate bodies, and institutions around the globe. Bank of American is currently operational in more than 30 countries of the world and over 50 states in the US.
For a bank to remain in operation after 200 years means it continues to render exceptional service to its customers. They’re insured by FDIC to guarantee your saving and remains the best when it comes to security and safety of your funds.
How to open bank of America account online
Meanwhile, to open bank of America account online, you should first know the type of account they operate. The bank of America has three types of checking accounts and one savings account, known as Reward saving.
Checking account
The checking account is basically for low-income earners with low account balance and can’t afford checks due to the monthly fees they’ll be charged.
Advantage Plus Banking
This type of account can receive a direct deposit and is the basic checking account. On this account, the bank gives you an overdraft if you wish to withdraw but don’t have enough balance in your account. Meanwhile, Advantage Plus Banking makes use of a check, which has a fixed charge. However, you have some ways to evade paying the monthly fee.
Advantage Relationship Banking
Individuals that operate this type of account gets huge interest on their savings. It’s basically for high-income earners with a huge account balance.
Saving account / Rewards account
You will pay high in bank charges if you opt for this type of account. However, there are ways the bank can waive the fee for you. Also, you’re given interest for your savings, but that’s small compared to an individual on Advantage Relationship Banking.
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Necessary documents and information required
Now that you know the bank account types, it’s necessary to know all the requirements that are needed to start operating one. And just like any other bank, you’ll be asked some personal questions, which you have to fill in a form.
The bank will want to know how you’ll fund the account, either by transferring funds from existing accounts or debit card number for an existing checking account. It’s also acceptable if it’s by cash or check. They’ll also request your Social Security number or Tax identification number, as well as your current home address and email address.
For individuals who wish to open an account inside the bank, you’ll need to provide a valid means of identification. What’s required are two forms of ID – driver’s license, passport, social security number, or state ID.
Again, you will need to provide all the above-listed documents if you decide to open your account inside the account. Otherwise, you can visit the Bank of America website with your computer or smartphone to fill out the forms.
In case you do not have the documents required to open your choice of account, you can always walk into any nearest branch to get assistance on what to do.
Once all the process is complete, the next thing is to fund your Bank of America account. You can easily fund your account with an option already listed in this post. They’re transferring from an already existing account, debit card number for a checking account, cash, or check.
It’s important to deposit money into your new account, so it remains active. And the only means to be sure is if you’re the one that makes the deposit.
Conclusion
This post is a step by step guide on how to open bank of America accounts online. It also discusses the three types of checking account available and the requirements to start operating any of them. You can visit the bank of America website today and open your account once you can provide all the required documents.
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