Bank of America Boylston Street
Using a bank is as simple as depositing your money, then swiping your debit card or visiting the ATM when you need to, right? Wrong. To get the most of both your bank and your money, you need to consider the following:
Online banks offer higher interest rates than brick-and-mortar institutions.
This statement is generally true. These banks usually save money by not operating storefront branches. Therefore, online banks can afford to offer much higher rates than the national average of .06 percent.
Before choosing a bank, consider other features as well. Customer service, fees, and FDIC security are among them.
Banks aren’t required to have FDIC insurance.
FDIC insurance refers to scenarios in which your bank collapses, the federal government will pay out up to $250,000. Although this feature is not required, the majority of U.S. banks are insured.
The Federal Reserve does not set the interest rate on your savings account.
The “Fed” only controls the federal funds rate. This is the rate at which financial institutions lend money to each other overnight. Consequently, other short-term interest rates are influenced, including those for savings accounts.
If you notify your bank of fraudulent activity, you won’t be on the hook for it.
It’s best to act quickly, notify your bank within two business days. The longer you wait, the more your liability can jump.
There still are free checking accounts.
Although consumers are paying more than ever in fees, and free checking accounts have become harder to find. Do some research and read your account’s fee schedule thoroughly to avoid unexpected charges, such as fees for using a live teller instead of an ATM.
Consider these guidelines when opening an account. For more information, visit https://grow.acorns.com/6-facts-you-should-know-about-banks-but-probably-dont/
Bank of America Boylston Street information and all other fixed line and mobile numbers, as well as all links and other information are from open, public sources. In the event that this info is incorrect please contact Veza Assist. Likewise, if it is no longer in use, our staff will gladly assist. The Veza Assist email address is currently the only means of informing us of wrong or obsolete numbers. The compilation and publishing of this directory is for the convenience and benefit of the public and the listed businesses alike. Thank you for using this directory. As a result, your participation contributes to the improvement and maintenance of this directory.
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