Bank of America’s Mobile Banking app and Online Banking have been recognized through the J.D. Power certification program.1
No charge from Bank of America;
There’s no fee from Bank of America to access our Mobile Banking App and Mobile Website. But you should check with your mobile service provider about any charges for data and text messages, internet access or using the web browser.
Mobile Banking App: updates
Get notified when a new version of our app is available. For critical updates, you may need to visit the app store that provides apps for your device.
The future of banking America:
Bank of America (BAC) announced on Monday that deposits made on mobile devices like smartphones and tablets are outpacing those made at branches for the first time.
The rapid adoption of mobile banking has allowed big banks to massively shrink the number of expensive branches they operate.
Bank of America’s vast network of branches fell to 4,411 at the end of June, compared with 4,542 a year ago. The company has 1,720 fewer branches than it did in June 2008. That’s a 28% drop.
At the same time, Bank of America’s active mobile banking users jumped by 11% to 25.3 million over the past year.
It’s not just Millennials turning to their smartphones for banking.
“The common theory is that this is all young kids,” Bank of America CEO Brian Moynihan told analysts on Monday. “But there’s not enough young kids in anybody’s customer base to drive this kind of activity. It has broadened out dramatically.”
Bank of America Banking Fees :
Bank of America, like most of the top banks in the US, charges fees for its accounts. These charges include Bank of America overdraft fees, monthly maintenance fees, checking account fees, savings account fees, wire transfer fees, foreign transaction fees, and ATM fees for using a non-Bank of America machine. Find out what bank fees and charges you are paying or going to pay when you open an account.
mobile banking industry:
mobile and you’re trying to find the closest ATM or (branch) … as you’re running errands. Or you’re walking through the streets of New York and you look at your mobile banking app to find the most convenient (branch) within a five-block radius.
The biggest advancement you also may or may not see will be in the security side. With biometrics coming to market … (it) enables many institutions to take advantage of some of those capabilities in a much more productive way for customers to enable them to navigate in and out of their applications with the same level of, if not more, security.
Is mobile banking safe?
At Bankrate, we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money.