Personal Banking

Understanding basic bank services can help you make better financial decisions. Learn about personal banking and how to teach your kids about money.

Understanding basic bank services can help you make better financial decisions. Learn about personal banking and how to teach your kids about money.

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from Better Money Habits

If possible, limit withdrawals and bill payments from your savings account as a way to avoid monthly withdrawal fees from banks.

How to talk to kids about spending thoughtfully

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How to help kids have a healthy relationship with money

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Explaining Interest & How it Works to Your Children

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Is my money FDIC insured?

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How to talk to your kids about money

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How to talk to your kids about their first savings account

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How to talk to your kids about their first debit card

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10 questions to ask about your checking account

Minimum balance? ATM fees? Before you open a checking account, ask these 10 questions to figure out if it’s right for you.

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Credit vs. debit: What’s the difference?

Credit and debit cards look the same, but they both serve different purposes. Know the difference and how to use each.

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What is a CD and how do they work?

Learn the certificate of deposit definition and how this low-risk savings method lets you earn interest on your money at a faster rate than a savings account.

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6 steps to help a middle or high schooler budget

Basic budgeting skills can help your child plan their spending and set them up for long-term success handling money. Here are 6 steps to get them started.

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8 checking account features everyone should know

The features that come standard in your checking account can help you stay on top of your finances. Check out this list to make sure you’re getting the most out of yours.

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Preparing your child to make borrowing decisions

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How to transfer money online to friends and family

Here are the ways you can use your phone or computer to quickly and easily send money to someone you know.

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Joint bank accounts: What you need to know

There are several ways to combine your finances with your partner’s. Here’s how to determine if a joint bank account will work for you.

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When to open a banking account for your child

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How banks process deposits

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What is the difference between checking and savings accounts?

Knowing how and when to use each type of account can help you get the most out of your money.

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8 common bank fees—and how to avoid them

Many bank fees are avoidable with a little planning. Here’s a rundown of 8 common fees banks charge—and tips to help avoid them.

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How to open and use savings accounts for kids

Savings accounts for children can help them build good financial habits and prepare for the future. Here’s what you need to know about them.

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The 5 most important financial lessons for teens

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What is a Digital Wallet?

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What an interest rate increase—or decrease—really means

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How to teach children the basics of budgeting

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International student? 7 reasons why opening a U.S. bank account can help

Learn how a U.S. bank account can help you save on transaction fees and make it easier to manage your finances.

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A guide to U.S. banking for international students

Moving to the U.S. as a student means also learning about American financial institutions. Check out this guide to get started banking in the U.S.

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Tips to Teach Your College Age Kids Financial Responsibility

There's no age limit for helping your kids learn to manage money. Explore our tips for letting your college age kids benefit from your experience.

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How to pay using your phone

Make paying for things easier with a Digital Wallet. Learn how to set up—and use—your phone for a seamless shopping experience.

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How do I use a certificate of deposit?

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Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

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