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🏦 SoFi Complete Money Management
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💰 Chime Fully Online Banking
➤ Sign-Up for Chime HERE: [ Ссылка ]
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💳 Favorite Credit Cards
➤ Chase Sapphire - [ Ссылка ]
➤ Capital One Venture X - [ Ссылка ]
➤ Chase Ink Business - [ Ссылка ]
➤ Amex Green - [ Ссылка ]
➤ Amex Platinum - [ Ссылка ]
➤ Amex Business Gold - [ Ссылка ]

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📊 Wealthfront Automated Investing
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💵 Current Card
➤ Current | Modern Banking App - [ Ссылка ]

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We've talked about Chase, Capital One, Charles Schwab, and so many others but today let's review the second largest bank in the United states…Bank of America. e're specifically going to look at the banking side of this platform but I will mention from the start that Bank of America does also offer credit cards, home loans, auto loans, small business accounts, investing through Merrill Lynch and a number of other financial tools.

On the banking side of things you've got the standard checking and savings accounts and within the checking account you have three different account options with slightly different benefits. The safe balance checking account is mainly designed for students, waiving any overdraft fees and instead will just decline the transaction if the account holder doesn't have enough funds in their account to cover a purchase.

You still get access to all of the great features in the award-winning mobile application that we’ll talk about in a second but there is a monthly fee of $4.95 that is fairly difficult to get waived. If you're under the age of 25 and qualify as a student, or under the age of 18, or you are enrolled in Bank of America's preferred rewards account then that fee will be waived but otherwise you're looking at 5 bucks a month and considering this is designed for students who likely don't have alot of money in their account to begin with, if you don't meet one of those criteria to get the fee waived and personally I would say avoid this account option.

On the saving side things are much more simple but once again it leaves a lot to be desired. First of all you're looking at an $8 monthly maintenance fee that you can get waived by either having $500 in the account having the advantage relationship checking account that we just looked at or being enrolled in preferred rewards. With your savings account you are going to have standard features like mobile check deposit automated transfer tools access to balance connect which is their overdraft protection feature, FDIC insurance and all of the basic functions that again you would expect from any bank account.

So I could sit here and comb through every finite detail of the banking options but it's fairly obvious where this side of the Bank of America platform is headed so let's just answer the question now of is this platform worth it and the easy answer is no… absolutely not but I wouldn't say its the WORST banking option…at least as long as Wells Fargo is still in business.

0:00-Bank of America Review
1:03-Checking Accounts
4:21-Savings Accounts
5:52-Additional Benefits
7:36-Is it Worth it in 2022?
8:47-The BEST Account Option
10:43-My FINAL Thoughts

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