Just wondering how many bank employees use any of the products offered by the bank and what advantages (if any) do they offer over the competition.
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Was a ML client before the acquisition by BofA and I continue to be a happy customer. Used ML for a mortgage (long ago paid off) rather than BofA. Service was first rate. Apart from that we have a checking account with BofA. Would not really consider using any other products/services. Dislike debt, so we use AMEX as our card and simply pay it off every month. Have a Chase VISA through Amazon given that we live in a rural area and order regularly. Pay as we go on that. There is nothing particularly outstanding nor is there anything really awful about BofA's products and services. They are not trying to be great. From a return perspective I think they shoot for a B- on service. Just good enough not to sufficiently piss off clients to switch.
Yeah @MHPgd67-3gou, but what a real joke is BofA's Merrill Edge! There's another thread about that but it needs to be emphasized here that Merrill Edge just can't keep up with the industry to cut commissions like all the other brokers - they're still charging $6.95 per trade, which was kind of competitive at one time but now it's on the high end and the service is well below par in comparisson with the other brokers as to what is offered in terms of features, trading platforms, and tools.
Why are they not able to cut the commision per trade like the other brokers?
Ha ha,its a joke,right?But to be fair,yeah,to be fair,I only have one credit card with boa.I just gota fraud on it and boa reps really did their job!!!I cant believe it.So I guess its up to who takes the call and willing to fix my problem.
Whatever it is and how good it is, you lose it as soon as you are laid off so avoid the hassle and get a better deal elsewhere as the risk of layoff is higher than you think.
home refinance via bank is pretty good for FTE's. In end they paid me to do it after the credits and a great rate.
The employee discounts aren't much better, if they are even better at all, than what you can get elsewhere as a regular consumer.
Had a checking/savings account but found the bank made too many errors on disclosures and balances. Eventually closed it and had family members do the same. Also closed any credit cards with the bank since there were no real benefits vs my Chase card which has provided lots of benefits for years.
HaHa. Like there are ever any advantages to using a TBTF.
Troll, do your own research. Anyone responding, give them misinformation so when they report back to their manager, they look like a fool.