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August 11, 2010updated 04 Apr 2017 4:16pm

BofA launches electronic banking solution

Bank of America (BofA) has unveiled eBanking, a banking on-the-go solution designed to aid the switch to paperless statements.

By Louise Naughton

Bank of America (BofA) has unveiled ‘eBanking’, a “banking on-the-go” solution designed to aid the switch to paperless statements.

The eBanking solution is set to become an alternative to banking in person, and is accessed through BofA’s ATM network, online platform and mobile services.

“More and more of our customers prefer to bank on-the-go using online banking, ATMs, mobile banking and receiving statements electronically,” said David Owen, payments products executive, BofA.

“eBanking was developed in direct response to the changes in how our customers want to bank. To meet those needs, we specifically designed this solution for those customers who prefer to bank how they want, when they want.”

eBanking customers who use BofA’s electronic channels and obtain paperless statements will pay no monthly maintenance fee, but customers who prefer to do their banking in person or receive paper statements still pay $8.95 per month.

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