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Side note re: search, Bing Chat answers your question (cut and paste from your quote): Bank of America has different types of deposits, such as interest-bearin
by brookst 4y ago
Side note re: search, Bing Chat answers your question (cut and paste from your quote):
Bank of America has different types of deposits, such as interest-bearing deposits, non-interest-bearing deposits, and mobile deposits. According to the annual Summary of Deposits from the FDIC, Bank of America had $1.36 trillion in total deposits as of June 2019(1), making it the largest US bank by deposits. However, this number may have changed since then. The Bank of America mobile check deposit limit is $10,000 per month for accounts opened for three months or longer, and $2,500 per month for accounts opened for fewer than three months(2).
Learn more:
1. retailbankerinternational.com
2. gobankingrates.com
- function_seven 4y agoWhat a strange mix of corporate financials and retail product specs. The first sentence implies that “mobile deposits” are of a kind with interest- and non-interest bearing deposits. The last sentence talk about the process of making a deposit into your own account. The middle two sentences actually answer the question regarding the total volume of deposits across the bank. Verdict: Still useful! Non sequitor-ish, but better than SEO spam :)
- jrumbut 4y agoOr is it? The Bing answer is about $600 billion less than the human generated answers. One of them is wrong (or at least outdated), I don't know enough about BoA to know which though.
- brookst 4y agoIndeed. Or, as Bing notes, is the definition different? There is a sourcing link (my cut paste of the HTML did not get the full URL, unfortunately)