Why do people close bank accounts with Bank of America?

People close bank and credit card accounts with Bank of America for all sorts of reasons, from the prospect of better interest rates on high-yield savings accounts or maintenance-fee-free checking accounts to the promise of an online bank that does away with the awkward, time-consuming branch experience.

How do I access my bank of America account?

Using Online Bankingor Mobile Banking, you can access your Bank of America checking, savings accounts, CD, IRA, credit card, mortgage and line of credit account information. You can also access your account by phone, ATM or the nearest financial center. Find a financial center How do I find my account number? , closed Need more than the last four?

How long does it take to close a bank of America account?

Closing your Bank Of America account shouldn't take more than half an hour, as long as you make the right preparations. Here are the steps: Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor, which helps consumers make better financial decisions.

What happens if a bank of America account has no money?

2. Zero balance If your Bank of America account has no money or activity for a long period, the bank may choose to close your account. All banks have their policy regarding how much your bank account should have. Even if they don’t have a stated minimum balance, they likely have an in-house policy about this situation.