Bank of America’s financial planning app draws $55 billion over two-plus years

NEW YORK, March 29 (Reuters) – Bank of America Corp’s (BAC.N) digital personal finance tool, Life Plan, has attracted more than $55 billion in new money since its launch in late 2020, as customers use technology to set financial goals.Life Plan, which has more than 10 million users, enables customers to set goals such as saving for a vacation or college or to build a retirement fund. The tool has gained popularity as consumers increasingly use apps for managing payments, budgeting and shopping.BofA’s app allows customers to move money around their bank and brokerage accounts, as well as pull in funds …
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