Can Bank of America loan me money? This question is about Bank of America

Can Bank of America loan me money?

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This question is about Bank of America

Grace Enfield, Content Writer

@grace_enfield • 06/07/22 This answer was first published on 06/07/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, Bank of America can loan you money if you get a mortgage, a home equity loan, an auto loan, a business loan or a Balance Assist™ loan. Balance Assist lets you borrow up to $500 for 90 days, but it’s only available online or through the company’s mobile banking app. You can also borrow money with a Bank of America credit card.

Bank of America does not offer personal loans, though. If you’re interested in getting a personal loan, you can check out the top-ranked Bank of America personal loan alternatives on WalletHub. You can also estimate your potential rates with our free pre-qualification tool.

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How do I get emergency cash from Bank of America?

How can I get $500 from Bank of America?

You can get $500 from Bank of America through the Balance Assist™ program, which is open to current BofA customers with a qualifying checking account. This program lets you borrow up to $500, in $100 increments, for a $5 flat fee and then repay the loan in three equal payments over 90 days.... read full answer

You could also borrow a small amount of money by getting a cash advance with a Bank of America credit card, but a cash advance has a high fee and interest rate. If you don’t need cash, you can just charge your expense to the account by making a normal credit card purchase.

Bank of America does not offer personal loans, but you can check out WalletHub’s picks for the best $500 loans from other lenders. Then, you can estimate your potential rates with our free pre-qualification tool.

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