Banking Solutions: Convenience and Flexibility
Checking accounts — Core deposit accounts help you coordinate and monitor your individual and business cash flows. Choose from a variety of checking solutions and services to complement your need for access and convenience:
- Wealth Management Interest Checking1 — Can help you meet your cash management objectives while earning a competitive rate. The higher your balance, the more you can earn.2
- U.S. Trust debit card — A debit card with the Total Security Protection® package and optional Photo Security® feature available for an easy, secure way to make purchases.
- Direct deposit — Direct deposit of regular monthly income into your accounts adds convenience, accelerates the availability of cash and enhances security.
Savings accounts — We offer savings vehicles that are designed to pay competitive rates of interest on funds you have not committed to your investment portfolios.
- Certificates of deposit (CDs), which offer an attractive return for a certain term
- Money market savings, which offer liquidity and a variable rate with higher rates paid for higher balance tiers.
Overdraft Protection — An optional service that links your Wealth Management Interest Checking account to another Bank of America® account, such as an eligible secondary checking account, savings account, credit card account or home equity line of credit where available, and automatically transfers available funds to cover your transaction amount.3
Banking Benefits that Reward You for Your Financial Relationship
As a U.S. Trust client, you can enjoy banking benefits that include waivers and discounts on many day-to-day cash management services, including:
- No monthly maintenance fees on personal checking and savings accounts
- Unlimited no-fee withdrawals at non-Bank of America ATMs in the U.S.
- No fees on international transactions or ATM fees with a U.S. Trust or Bank of America debit card
Please contact your advisor to learn more about the banking benefits available to you.
Credit Solutions: Financing Flexibility for Both Simple Purchases and Complex Goals
Mortgage — Residential real estate can play an important part of your overall strategy to build and manage wealth. In addition to meeting your residential real estate needs, the right mortgage can be pivotal in estate planning, as well as factoring in or preparing for rising interest rates. Your advisor will work with you to offer solutions that complement your unique circumstances.
Home equity lines of credit — This credit tool can be used to help manage your liquidity needs and may also offer the advantage of tax-deductible interest.4
Private Client Line5 — A flexible line of credit, secured by your investment management accounts at U.S. Trust. The Private Client Line is designed to help you meet liquidity needs and enhance your cash flow without depleting cash reserves or compromising your investment strategy.
Custom credit — Your U.S. Trust advisor can focus on both sides of your balance sheet and can advise you on credit. Your advisor can work with credit specialists to design credit solutions using different types of assets as collateral customized to your liquidity needs, long-term objectives and tax situation.
ATM, ONLINE and MOBILE SERVICES
ATMs and Financial Centers — Access your funds at thousands of Bank of America ATMs and financial centers for your banking needs.
Online Banking — Manage your accounts securely online 24/7. View your balances, pay bills, transfer money between your accounts or to others,6 set alerts to monitor account activity,7 and more.
Mobile Banking8 — With the Bank of America Mobile Banking app, you can check balances, stay on top of important account activity with Mobile app alerts, transfer funds, pay bills, deposit checks9 and locate ATMs and financial centers. Plus, you can send money to almost anyone simply by using a mobile number or email address; you don't need to know where they bank or their account number.10
For more information on any U.S. Trust capability, please contact your advisor.
1 Checking account name is Bank of America Interest Checking for Wealth Management.
2 Wealth Management Interest Checking is a variable rate account. Fees may reduce earnings. Please consult your advisor for other account fees, rates and information.
3 Overdraft Protection Transfer fees may apply. Please refer to your Personal Schedule of Fees for details. If you enroll in Overdraft Protection with your credit card, overdraft transfers will be Bank Cash Advances under your Credit Card Agreement and will accrue interest at the APR stated in your Credit Card Agreement. A fee may apply to each transfer. Please refer to your Credit Card Agreement for additional details.
4 Consult your tax advisor regarding interest deductibility.
5 The Private Client Line is offered by U.S. Trust and not by or through Merrill Lynch, Pierce, Fenner & Smith Incorporated. Credit is subject to approval. Normal credit standards apply.
6 Fees apply to wires and certain transfers. See the Online Banking Service agreement for details. Mobile transfers are available on the Mobile Banking app for iPad, iPhone and Android devices. Data connection required. Wireless carrier fees may apply.
7 Alerts received as text messages on your mobile access device may incur a charge from your mobile access service provider. Mobile Banking app alerts are available on the Mobile Banking app for iPad, iPhone and Android devices. This feature is not available on the Mobile website. Data connection required. Wireless carrier fees may apply.
8 Mobile Banking requires enrollment through the Mobile Banking app, Mobile website or Online Banking. View the Online Banking Service Agreement for more information. Data connection required. Wireless carrier fees may apply.
9 Mobile Check Deposits are subject to verification and not available for immediate withdrawal. In the Mobile Banking app, select Help & Support, then Mobile Check Deposit for details, including funds availability, deposit limits, proper disposal of checks, restrictions and terms and conditions. Requires at least a 2-megapixel camera. This feature is available on the Mobile Banking app for iPad, iPhone and Android devices. Data connection required. Wireless carrier fees may apply.
10 Email and mobile transfers require enrollment in the service and must be made from a Bank of America consumer checking or savings account to a domestic bank account. Recipients have 14 days to register to receive money or the transfer will be cancelled. Dollar and frequency limits apply. See the Online Banking Service Agreement for details, including cut-off and delivery times. This feature is available on the Mobile Banking app for iPad, iPhone and Android devices. Data connection required. Wireless carrier charges may apply
Some accounts, services, and fees vary from state to state. Please review the Personal Schedule of Fees for your state, also available at your local financial center.
Total Security Protection, U.S. Trust Photo Security, Bank of America Accolades, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.
Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.