Bank of America Corp.’s fight against financial technology challengers appear to be making some headway, at least with its entry-level checking account. The Charlotte, N.C., bank said last week its Advantage SafeBalance Banking program now counts more than three million client accounts, up from 2.1 million at the start of September in 2020. It’s the bank’s quickest-growing checking account program, aimed at younger prospective clients — such as college students as well as people from less lucrative professions — looking to open up their first bank account or repair their credit. All told, more than 1 million college students now use …
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They Want to Hand Your Kid a Debit Card. What Do You Do?
