Bank Atlantic Banking/Credit Cards Research Project.

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Presentation transcript:

Bank Atlantic Banking/Credit Cards Research Project

history/imaging/branding BankAtlantic, is a subsidiary of BankAtlantic Bancorp, Inc. The company's headquarters is based in Fort Lauderdale, Florida. BankAtlantic is a regional company that provides consumer and business banking services to communities throughout the state of Florida. It was founded in 1952 and currently has 78 branch locations in Palm Beach, Broward, M Miami-Dade, Martin and St. Lucie counties. The bank's offerings include a range of personal, business, and commercial banking products and services. Bank Atlantic dubs itself "Florida's Most Convenient Bank", emphasizes its reputation for above-average customer service. The bank was one of the first in Florida to offer branches with extended business hours that are open seven days a week, to attract and retain the low-cost deposits that fuel revenues and earnings. The bank has also wooed customers with a 24-hour customer service center, free checking, free online banking and other perks.

Bank Atlantic – Types of Service Offered Checking Accounts BankAtlantic offers you 3 great checking account options – here are two options: Choice Checking Unlimited check writing BankAtlantic Gold Debit MasterCard ® with no annual fee FREE Online Banking & Bill Pay featuring FinanceWorks™ Comes with a promotional first-time price for checks Free E-statements with Online Banking High Interest Checking Tiered rates for higher earnings Unlimited check writing FREE standard checks (excludes delivery charges) FREE Online Banking & Bill Pay featuring FinanceWorks™ BankAtlantic Gold Debit MasterCard ® with no annual fee Free E-Statements with Online Banking All Banktlantic personal checking accounts come with FREE features that complement your financial needs― and help you keep life simple and convenient! FREE Online Banking & Bill Pay FREE Mobile Banking FREE E-Statements BankAtlantic Gold Debit MasterCard ® with no annual fee Automatic Direct Deposit 7 days a week Customer Service Center

Savings Accounts Choice Savings You choose how you want to waive the low $5.00 monthly maintenance fee when you complete one or more of the following options within each monthly statement cycle: Autosave a minimum of $25 from any BankAtlantic Personal Checking Account, OR Overdraft Protection linked to any BankAtlantic Personal Checking Account, ($15 fee will be charged to your checking account for each day a transfer is completed; up to a maximum of one (1) fee per day) OR Maintain an average daily balance of $300 or more High Yield SavingsHigh Yield Savings -- You’ve made many smart financial choices throughout the years—everything from wise investments to disciplined savings. As you continue to build, let BankAtlantic add to your success with a High Yield Savings account. Receive higher rates when you maintain a BankAtlantic personal checking account. Money MarketMoney Market -- Tiered interest rates to earn you more with more Certificates of Deposit -- Offers various terms up to 5 years Certificates of Deposit Guarantees a specific rate of return Offers the security of FDIC insurance coverage Offers a higher rate with any BankAtlantic personal checking account Terms, rates and IRAsIRAs – Traditional Ira --Traditional IRAs provide a tax-deferred retirement savings plan that allows you to take advantage of interest growth over time until you are able to begin making withdrawals upon reaching age 59 ½. Roth Ira -- Roth IRAs allow your savings to grow tax-free. Contribution amounts are NOT tax deferred and therefore can be withdrawn at any time. There is no age limit for eligibility for a Roth IRA but you do need an earned income equal to or greater than the IRA contribution. Earning may be withdrawn tax free once you are over the age of 59 ½ and your Roth IRA has been established for at least five years.

Best Account for me The Choice Checking account works best for me since I am a student and I need to keep things simple and efficient. This is an easy account to manage and has no fees associated with it.

credit card comparisons Credit Card Annual Fee APRPenalty APR Cash Advance APR Grace Period Late Payment Fee American Express Gold $125.00Only if minimum is not paid n/a 15 days$35.00 or 2.99% of balance Capital One Journey Student Card None19.8%29.4% variable APR 24.9%25 daysUp to $35.00 Capital One MTV Card None24.9% variable APR 29.4% variable APR 24.9% variable APR 25 daysUp to $35 American Express Blue NonePrime Rate % to Prime Rate % Prime Rate % Prime Rate % 25 days$35.00 or 2.99% of balance Macy’s None24.50%n/a24.50%25 daysUp to $35