About Baltimore Checking Account – Bank of America Checking Account FAQs:
When you decide to open an account in Baltimore, you have several options available. One of those options is a Baltimore checking account which is ideal for a new home or even an existing home. This banking facility provides a variety of financial services to individuals and businesses alike. A Baltimore Checking Account can either be insured, debit, electronic, savings, CD, or paper based. An individual can choose the type of account that best suits his needs.
In order to qualify for a Baltimore Checking Account from Bank of America, an individual needs to have an active checking account at another financial institution. Prior to applying for a checking account from Bank of America, individuals need to open a first-banking account. The process of opening a checking account from Bank of America involves filling out an application and writing a check for the amount of money being requested. Once the check is received, the funds will be deposited within one business day. Once the funds are deposited, the bank will give a confirmation letter indicating the amount of funds currently held in the account.
About Baltimore Checking Account
There are a few differences between accounts offered by Bank of America and other banks in the Baltimore area. An account with Bank of America is referred to as a free checking account. This means that an individual may have unlimited transactions only as many times as he wishes. With other banks, however, a checking account requires a balance. This means that an individual must maintain a specified amount of money in the account or he may have his account shut off.
Bank of America requires some identification in order to establish a checking account with them. Individuals interested in opening a free checking account with Bank of America should ensure that all of their financial information meets the Bank of America guidelines. Those guidelines require some basic information, such as name, address, social security number, date of birth, and payroll checks. Those who do not meet the above requirements will be required to open a prepaid debit card. Individuals who meet the above requirements and wish to obtain a free Bank of America checking account can use a debit card at any branch of Bank of America located in the Baltimore area.
Bank of America Checking Account FAQs
Opening a free Bank of America checking account is not limited to residents of the United States. People from all countries around the world can open a free account with Bank of America. In addition, people residing outside of the United States can apply for a free Bank of America checking account. In most cases, individuals who are not resident of the United States will be required to provide proof of citizenship before opening a Bank of America checking account.
The number of transactions allowed each month, both in terms of total transactions and minimum payments, are also some of the account requirements of Bank of America. In terms of minimum deposits, individuals will be required to maintain a specified amount of money in the account. Individuals who maintain a specified amount of money in the account are considered high risk and will be required to increase that amount in subsequent months. High-risk individuals may also be required to make partial payments upfront in order to establish a balance before accessing their funds. The Bank of America checking account program is available to individuals of all income levels.