1. Consolidate your bank accounts.
Instead of maintaining multiple checking and savings accounts, use one checking and one savings account. This can help you gain a better sense of the big picture and feel more in control. Simplify your credit card accounts, too. If you must maintain multiple credit cards, some card issuers will honor requests to change your due date so that they all fall on the same day of the month, making them easier to track.
2. Take advantage of rewards programs.
Many financial institutions offer rewards programs to customers who bring the majority of their business to a single institution. If you hold several accounts or maintain certain minimum balances, you can take advantage of these convenient rewards. For instance, if your account balances meet specific thresholds, you may be eligible for Bank of America’s Preferred Rewards program, which qualifies you for rewards such as a Bank of America interest rate booster on a Rewards Money Market Savings account and a rewards bonus on a credit card.
3. Put mobile technology to work.
Mobile technology can make managing your bank and investing accounts on the go easier than ever. A mobile app such as the Bank of America Mobile Banking app can help you streamline your banking activities, from mobile check deposit to account activity alerts. You also can get alerts about upcoming bills, account balances and other banking activity.
4. Integrate your accounts.
Online software that helps you track your liabilities and total net worth can give you a snapshot of your overall financial well-being. Add your accounts at other financial institutions, for example a money market account or an IRA, to get a big-picture look at your finances without logging into each separate account.
The less complicated your banking is, the easier it can be to stay on top of bills and plan for the future.
Ready to get started? Download the Bank of America Mobile Banking app or explore checking and savings options today .