Here Is Why Everyone Hates Bank of America

If you guys noticed a lot of people online talk about how they don’t like Bank of America. Graham Stephan made a video on it, Ramit Sethi made a video on it, and a few other creators too. Btw people that publicality talk about BOA, get put on this Influencer Hit List according to Ramit. And the Truth is that bank of America has over 36Million customers, so that’s a lot. But more people are starting to realize that Big Banks Overall are just Trash. They don’t work for you, they take your money make money and then treat you like number. ( I Like Big Banks convenience and I love Credit Unions Customer Service ) – and I found a Bank that has both 😎Call Me😎: https://bit.ly/30IBr0i 😎Second Channel😎: https://bit.ly/3c4sVPS 💲1 on 1 Talk + My Budget + Stock Investments💲   / tommybryson   💰MY M1 FINANCE PORTFOLIO💰 PLUS $10 Link: https://m1.finance/fQsrul1PZcHM 1. Trash: Saving Account Rates Chase: .01% - .02% BOA: .01% HSBC: 0.15% US BANK: 0.01% CITIBANK: 0.06% 2. Trash Fees: overdraft fees, require minimum balance, maintenance fees Overdraft Fees: usually cost around $35 And I have heard stories of people being charged $35 per day that they don’t pay the overdraft fee Required Minimum Balance This is not really to keep the account open but instead to waive the maintenance fee However: Big Banks have gotten smart, with all the competition now, they’ve made direct deposit one of the most important things 3. The Blind Loyalty problem and Conveniece I’ve had them since forever and so did my parents ( it’s a generation of being used – and I had a nokia for my first phone but you don’t see with a Nokia today ) Their a branch next to my house ( That use to be cool, but 90% of everything is digital now, you can deposit a check from your house by taking a picture, online banks have 30k atms, and counting, and their customer service is amazing ) 4. The Alternatives ( Both and this is a very unpopular opinion ) Here is Why: Big banks are great for Mortgages and Loans Online banks are great for checkings and savings And credit unions are amazing but their technology is trash So here is My set Up Acccount I recommend: Sofi Wealthfront Capital one 360 savings account What to do with the old Bank Keep them if they free and cancel if its not Last Tip: Remember if you wanna make money invest it don’t save It Article on closing an account by BOA: https://www.chime.com/blog/how-to-clo... PRO TIP* INFORMATION IS EVERYTHING 👕Merch👕 https://teespring.com/stores/tommybryson ✅2 FREE AUDIOBOOKS✅ https://amzn.to/2Enayo8¬¬¬ 💰M1 FINANCE $10💰 Link: https://m1.finance/fQsrul1PZcHM 🎁ACORN FREE $5🎁 Link: https://acorns.com/invite/38EYSU ⚡FREE KINDLE UNLIMITED⚡ (traditional reading) Link: https://amzn.to/2VGbxt9 👨🏽‍💻DISCORD PRIVATE GROUP👨🏽‍💻   / discord   My Camera Gear: https://www.amazon.com/shop/tommybryson ✔ Help Us Reach 500,000 Subscribers: https://goo.gl/0wvm6w 😎All My Social Media😎 Link: https://linktr.ee/tommybryson --- Disclosure & Educational Disclaimer: Some links in this video may be affiliate links, and I may earn a commission. Content is educational and accurate as of posting; offers may change. I’m an accountant but not your accountant; always consult your own accountant/CPA or financial advisor. No income or results are guaranteed.