Bank of America is one of the largest banks in the U.S. and it offers a wide selection of products and services.
Bank of America offers several different checking account options. Each connects to the bank’s highly rated mobile app to help you manage your finances. As a BofA customer, you’ll also have access to a large network of bank branches and ATMs. Bank of America earned 3.2 out of 5 stars in Bankrate’s overall review of its deposit accounts.
Here’s a closer look at the checking accounts offered by BofA to help you decide whether one is a good choice for you.
Bank of America checking accounts
BofA offers these checking accounts:
| Account name | APY | Minimum deposit | Monthly fee |
|---|---|---|---|
| Bank of America Advantage SafeBalance Banking | None | $25 | $4.95 |
| Bank of America Advantage Plus | None | $100 | $12 |
| Bank of America Advantage Relationship | 0.01%-0.02%* | $100 | $25 |
Note: Annual percentage yields (APYs) shown are as of Jan. 24, 2021, and may vary by region for some products.
*APY varies based on account balance
Find out everything you need to know about them below:
1. Bank of America Advantage SafeBalance Banking
The Advantage SafeBalance Banking checking account has safeguards in place to help you keep spending within the bounds of your account balance.
Instead of allowing an overdraft to occur, BofA will decline your transactions if the funds aren’t available in your account, avoiding an overdraft fee.
Checks are not offered with this account; transactions are conducted using a debit card, Zelle and digital banking.
Minimum opening deposit: $25
Bank of America Advantage SafeBalance Banking Fees
The SafeBalance Banking account has a monthly maintenance fee of $4.95 that is waived for eligible students under age 25 and customers enrolled in Bank of America’s Preferred Rewards program.
BofA charges no ATM fees for withdrawn from one of its more than 16,000 ATMs. Using an ATM outside of Bank of America’s network in the U.S. results in a $2.50 charge for each ATM withdrawal — plus any fees charged by the ATM owner.
Other fees to be aware of with this account include: paper statement copy fee ($5); stop payment fee ($30); card replacement fee ($5); cashier’s check fee ($15); and outgoing international wire fee ($45). There are no overdraft fees as the account cannot be overdrawn.
2. Bank of America Advantage Plus
The Advantage Plus checking account offered by Bank of America offers more standard features than the SafeBalance banking account. Purchases can be paid by debit card, Zelle, mobile and online banking, or checks.
In addition, an overdraft protection transfer feature can be added to the Advantage Plus account, which automatically transfers funds from a linked savings or checking account to cover purchases.
Minimum opening deposit: $100
Bank of America Advantage Plus Fees
A $12 monthly fee applies to the Advantage Plus account, but it can be waived if you:
- Maintain a $1,500 minimum daily balance
- Enroll in BofA’s Preferred Rewards program
- Are an eligible student under age 25. (Effective Feb. 18, 2022, BofA will no longer waive the monthly fee for students with Advantage Plus accounts.
Cash withdrawals are free at Bank of America ATMs. Funds withdrawn from out-network ATMs in the U.S. are subject to $2.50 fee, plus any fees charged by the ATM operator.
Unlike the SafeBalance Banking account, the Advantage Plus Fees account charges an overdraft fee ($35 per item). If you choose the overdraft protection transfer feature, BofA automatically transfers funds from other linked accounts to cover the outstanding amount — but at a cost: $12 each instance.
A few other notable fees that you might have to contend with include:
- Card replacement fee ($5)
- Incoming domestic wire transfer fee ($15)
- Printed statement copies ($5)
3. Bank of America Advantage Relationship
The Advantage Relationship checking account is an interest-bearing account that offers tiered rates on all balances, though the APYs offered are relatively low.
The account allows you to pay for purchases with a debit card, Zelle, check, or mobile and online banking. Like the Advantage Plus account, you’ll have the option to add overdraft protection to cover for any overdraft transactions.
Minimum opening deposit: $100.
Bank of America Advantage Relationship Fees
The Advantage Relationship account is an interest-bearing checking account, but there are several fees that could easily eat away any earnings.
The monthly maintenance fee alone is $25, though, you can avoid this fee with a combined balance of $10,000 or more each statement cycle across eligible linked accounts. Another way to waive the fee is to enroll in BofA’s Preferred Rewards program.
The Advantage Relationship account imposes an overdraft fee of $35 an item. But if you sign up for overdraft protection, BofA will transfer funds from a linked account to cover overdrafts. Unlike the Advantage Plus account, the Advantage Relationship account charges no fee for the transfer feature.
Many of the other fees imposed by Bank of America are waived on the Advantage Relationship account, including card replacement and stop payment fees. But you will still have to contend with fees for cashier’s checks and wire transfers.
Bank of America checking account promotions and bonuses
Bank of America offers its customers a rewards program that include benefits such as additional cash back, and reduced and waived fees.
Preferred Rewards program
Preferred Rewards is a tiered-balance program that allows Bank of America customers to earn additional rewards as their account balances grow. Perks include higher APYs on savings, credit-card rewards bonuses, reduced mortgage origination fees, interest-rate discounts on home equity and auto loans, and more.
Balance tiers for Preferred Rewards program members:
- Gold: $20,000 to $49,999
- Platinum: $50,000 to $99,999
- Platinum Honors: $100,000 and more
BankAmeriDeals
BankAmeriDeals is Bank of America’s rewards that allows you to earn cash back for purchases made with a BofA credit or debit card. Cash-back deals can be found in the mobile and online banking portals and are credited to your account within 30 days after purchase.
New customers may qualify for sign-up bonus
Bank of America occasionally offers $100 sign-up bonuses for its checking accounts on its website. New customers who sign up for a BofA personal checking account are eligible once they receive a qualifying direct deposit in the account. A code is required when opening an account to qualify.
Alternatives to Bank of America checking accounts
Although you can enjoy the standard features of a checking account with a multitude of branches, these checking accounts fall short in other areas. The cost of fees associated with these accounts can add up quickly if minimum requirements aren’t met.
If branch banking isn’t a priority, you might want to explore other banking options. A few alternatives include products from NBKC Bank, Capital One and LendingClub Bank. Each of these banks offer features that might be a better fit for your finances — if branch banking isn’t a necessity.
Learn more:
FAQs
Can I set up a Bank of America checking account online?
How can I open an account? You can apply online for a checking account, savings account, CD or IRA. Simply select an account, enter your personal information, verify your information and choose features & funding options.
How much is it to open a checking account with Bank of America?
You will need at least $25 to open a Bank of America account. That’s the minimum amount required to open a Bank of America Advantage SafeBalance Banking account, though most other Bank of America checking and savings accounts require an initial deposit of at least $100
Is Bank of America a good Bank for checking account?
Bank of America has received several J.D. Power awards over the years. The bank received the top ranking for Retail Banking Advice in 2021. In 2020, the Bank of America Corporate, Commercial, and Business Banking Contact Centers earned J.D. Power Certification for the 11th consecutive year.
What is the minimum balance in Bank of America checking account?
Bank of America Core Checking Account has a $12 Monthly Maintenance fee which is waived with at least 1 direct deposit of $250 each month or maintain a minimum daily balance of $1,500 or more.
Does Bank of America have free checking?
Bank Of America Ends Free Checking Option, A Bastion For Low-Income Customers. Bank of America is eliminating eBanking accounts this month, transferring their owners into accounts that charge a maintenance fee if they don’t maintain a minimum balance or get direct deposit.
Is Bank of America checking account free?
The Bank of America Basic Checking Fees
The account has a $12 monthly fee unless you meet the following fee waiver requirements every month: Have at least one qualifying direct deposit of $250. Maintain a minimum daily balance of $1,500 or more.
What do you need to open a checking account?
You’ll need the following information: Your Social Security number. A valid, government-issued photo ID like a driver’s license, passport or state or military ID. A minimum opening deposit of $25 to activate your account (once you’ve been approved).
How much money do you need to open a checking account?
You might decide that a checking or savings account is the right product for you. If you do, opening an account at a bank or credit union is straightforward. The interest they pay for savings accounts You usually need to make an initial deposit between $25 and $100 to open a savings or checking account.
Do you need a job to open a checking account?
So you’ll need a steady job, Social Security or another form of income. Otherwise, you guessed it?more fees. You could even end up owing the bank money before you put anything in your account!
Do you need a paycheck stub to open a checking account?
Consider bringing your last two pay stubs from work or?in the case of certain loans or a mortgage?at least two years’ worth of tax returns. Providing the right paperwork on the spot can help you get immediate access to the services you need.
Can I open a bank account online without going to the bank?
Can I open a bank account without going into the bank? Yes, you can open a bank account completely online, without ever going into a bank branch. With a completely online bank or account, you can also do all your account management online.
Is it easy to open a new checking account?
Opening a checking account, whether a personal or business checking account, is a relatively easy process as long as you’re prepared with the right information. It becomes even easier when you know what to expect. To open a checking account, you can head over to your bank or credit union of choice.
What ID do I need to open a bank account?
One form of primary ID with a photo (i.e. passport or driver’s licence) or. Two forms of primary ID without a photo (e.g. birth certificate and government benefits card) or. One form of primary ID without a photo (e.g. birth certificate or Citizenship papers) and one form of secondary ID (e.g. a utility bill).
Open a Bank Account Online Today – Bank of America
Bank Accounts – Open a Bank Account Online TodayInvesting in securities involves risks, and there is always the potential of losing money when you invest in securities. You should review any planned financial transactions that may have tax or legal implications with your personal tax or legal advisor.Securities products are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S”, or “Merrill”), a registered broker-dealer, registered investment adviser, Member SIPC layer, and a wholly-owned subsidiary of Bank of America Corporation. MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation.Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation. Trust and fiduciary services are provided by Bank of America, N.A. and U.S. Trust Company of Delaware. Both are indirect subsidiaries of Bank of America Corporation.Insurance Products are offered through Merrill Lynch Life Agency Inc. (MLLA) and/or Banc of America Insurance Services, Inc., both of which are licensed insurance agencies and wholly-owned subsidiaries of Bank of America Corporation.Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.Investment and insurance products:”Get more rewards with your everyday banking” is a trademark and Bank of America and the Bank of America logo are registered trademarks of the Bank of America Corporation.
A Flexible Checking Account – Bank of America
Bank of America Advantage Banking – A Flexible Checking AccountSkip to main contentBank of America Advantage Banking Which is best for you?SafeBalance®Checkless banking with flexible ways to payAdvantage PlusEveryday banking with more ways to waive the monthly feeAdvantage RelationshipPerks for higher balances, like fee waivers and interest Bank of America Advantage SafeBalance Banking®Checkless banking with flexible ways to pay$XXXX or $0 Avoid the monthly feeWe’ll waive the monthly maintenance fee each statement cycle that you:Are an owner of this account who qualifies as a Student under age 25 enrolled in school or an educational or vocational programORAre an owner of this account under age 18ORAre enrolled in Preferred Rewards (applies to first 4 checking accounts)OR Bank of America Advantage Plus Banking®Everyday banking with more ways to waive the monthly fee$XXXX or $0 Avoid the monthly feeWe’ll waive the $XXXX monthly fee each statement cycle that you:Have at least one qualifying direct deposit of $XXXX+ORMaintain a $XXXX minimum daily balanceORAre enrolled in Preferred Rewards (applies to first 4 checking accounts)OR Bank of America Advantage Relationship Banking®Perks for higher balances, like fee waivers and interest$XXXX or $0 Avoid the monthly feeWe’ll waive the $XXXX monthly fee each statement cycle that you:Maintain a combined balance of $XXXX in eligible linked accounts. Learn about combined balancesORAre enrolled in Preferred Rewards (applies to first 4 checking accounts)ORHere’s how it worksBank of America Advantage Banking is a checking account layer with three settings. Pick the one that works.If life changes, just switch it up.What is a checking account?A checking account is a type of deposit account that enables you to deposit and withdraw available funds on demand, typically by writing a check or using a debit card. Checking accounts are sometimes interest-bearing.SafeBalance®Checkless banking with flexible ways to payAdvantage PlusEveryday banking with more ways to waive the monthly feeAdvantage RelationshipPerks for higher balances, like fee waivers and interestBank of America Advantage SafeBalance Banking®About SafeBalance®:A smart start for students – no monthly fee for Students under 25Helps keep you from spending more than you have — no overdraft feesSole ownership for ages 16+$XXXX or $0 monthly feeWe’ll waive the monthly maintenance fee each statement cycle that you:Are an owner of this account under age 25 and qualify as a StudentORAre an owner of this account under age 18ORAre enrolled in Preferred RewardsTo view all fees see the Personal Schedule of Fees. You can also refer to our Clarity Statement for additional information.About SafeBalance®:A smart start for students – no monthly fee for Students under 25Helps keep you from spending more than you have — no overdraft feesSole ownership for ages 16+$XXXX or $0 monthly feeWe’ll waive the monthly maintenance fee each statement cycle that you:Are an owner of this account under age 25 and qualify as a StudentORAre an owner of this account under age 18ORAre enrolled in Preferred RewardsTo view all fees see the Personal Schedule of Fees. You can also refer to our Clarity Statement for additional information.Bank of America Advantage Plus Banking®About Advantage Plus:Multiple ways to waive the monthly feeOption to set up Balance Connect® for overdraft protectionOption to buy paper checksBank of America Advantage Plus Banking®About Advantage Plus:Multiple ways to waive the monthly feeOption to set up Balance Connect® for overdraft protectionOption to buy paper checksBank of America Advantage Relationship Banking®About Advantage Relationship:No fees on select services and additional accountsEarns interest See ratesOption to set up Balance Connect® for overdraft protectionPaper checks available (no charge or discounted depending on check style)Bank of America Advantage Relationship Banking®About Advantage Relationship:No fees on select services and additional accountsEarns interest See…
Bank Account Application FAQs: What Do You Need to Apply?
Bank Account Application FAQs: What Do You Need to Apply?Skip to main contentApplying for Bank Accounts FAQsSelect Your StatePlease tell us where you bank so we can give you accurate rate and fee information for your location. | How can I open an account? You can apply online for a checking account, savings account, CD or IRA. Simply select an account, enter your personal information, verify your information and choose features & funding options. You will receive an email once your application is received and a follow-up email telling you whether it has been approved, plus any next steps. What do I need to apply? For a faster application process, please have the following information on hand when you begin your application:Your Social Security numberYour current residential addressYour email addressYour account number or debit card number to make your opening deposit into your new Bank of America accountCo-applicant’s personal information (if applicable)If you’re missing one of these pieces of information, you can also schedule an appointment with an associate at your local financial center for a day and time that works best for you. What information do I need to open a joint account? You’ll need the same information that’s needed when opening an individual account, but you’ll need it for both applicants. For details, please see the preceding question and answer. Please note that each co-applicant has to sign the signature form. How do I make an initial deposit for an account that I just opened? To make your initial deposit, you can transfer money from your account at another bank. If you are already a Bank of America customer, you can transfer money from your existing account. You can also use a debit card, check or money order for your initial deposit.The transfer will not take place until your account is approved. Please ensure that you have sufficient funds available to be transferred. Is my online application secure? We use Secure Socket Layer (SSL) technology to ensure your online information is passed to us securely. This technology allows users to establish sessions with internet sites that are secure, meaning they have minimal risk of external violation. Once inside the Online Banking site, you are secure through our use of SSL technology. How long will it take to open an account when I apply? Your application will be processed in 1 to 2 business days. We’ll send you either an email or letter letting you know if you are approved for your account. You will receive your account documents via U.S. Mail within 7-10 business days.Processing times may be slower due to high volume of applications What’s an offer code? An offer code is a series of numbers and letters that you may have received from Bank of America in conjunction with a promotion or offer. Your offer code is indicated on the communication material you may have received from us. Examples of communications are a brochure that you received in the mail or from a web page ad. You can provide this offer code with your application. How do I get my account opening documents? As part of your online application, you will be asked to give consent to receive certain account opening documents and notices from us electronically. Other account opening documents will be sent through U.S. Mail within 7-10 days of account opening. If you do not wish to consent to receiving documents electronically, you may visit any Bank of America banking center to apply in person. What’s a signature form? Why do I need to send it back to you? A signature form allows Bank of America to service your account. It is important to sign and mail your signature form to us as soon as possible (and have any co-applicants sign the signature form too) so that we can service your account, which includes verifying your identity and reporting tax information. Can I save my application and complete it later? Yes, if you need…
Student Banking: Banking Accounts & Debit Card Options
Student Banking: Banking Accounts & Debit Card OptionsSkip to main contentBank of AmericaAdvantage BankingFlexible checking for students like youReady to open your Bank of America Advantage Banking account?If you don’t have a Social Security number or are not 18 years or older, come in and see us.Schedule an appointmentAnswer a few questions to help us get you to the right place.First, tell us your age:Answer a few questions to help us get you to the right place.Do you have a valid Social Security number?Great! You can apply for your own account today! Let’s confirm:You’re applying for Bank of America Advantage SafeBalance Banking®No monthly maintenance fee for eligible studentsHelps keep you from spending more than you have — no overdraft feesCheckless banking with flexible ways to payGood news, you can start your application online!Based on your age, you must have a co-applicant who is 18 years of age or older to applyAfter applying, we may ask you to show proof of identification in one of our Financial CentersYou’re applying for Bank of America Advantage SafeBalance Banking®All the essentials with flexible ways to payNo monthly maintenance fee for students under 25No overdraft fees – helps keep you from spending more than you haveLet’s connectWe can help you open your account at a financial centerWhat to bring to your appointment1. Government-issued photo IDEx: U.S. driver’s license, state-issued ID card, U.S. Passport2. One additional form of IDEx: student ID, work ID, credit/debit card from another bank, current vehicle registration, foreign driver’s licenseInternational student?See accepted documents for U.S. visa holdersYou must be able to provide both your foreign and local address, as well as your ITIN (Individual Tax Identification Number). You’ll also need the following:1. Proof of U.S. residencyEx: U.S. government-issued ID, student/employer photo ID, current utility bill or rental agreement(documents must show your name and U.S. physical address)2. One primary photo IDEx: foreign passport (with or without passport visa), U.S. Non-Immigrant visa and Border Crossing Card-DSP-150, Canadian Citizenship card (with photo), Mexican, Guatemalan, Dominican or Colombian Consular ID (with photo)3. One secondary IDEx. foreign or U.S. driver’s license (with photo), student/employer ID (with photo), major debit or credit card with Visa® or Mastercard® logo, major retail credit card from a nationally well-known company, U.S. Department of State Diplomat IDNote: College students, please bring proof of enrollment (a valid student ID, transcript or acceptance letter) to get your student fee waiver.Lets connectWe can help you at one of our financial centers. You’ll need a co-applicant over 18, like a parent or guardian.What your parent/guardian should bring along1. Government-issued photo IDEx: U.S. driver’s license, state-issued ID card, U.S. passport2. One additional form of IDEx: student ID, work ID, credit/debit card from another bank, current vehicle registration, foreign driver’s license3. Two forms of ID for youInternational family?See accepted documents for U.S. visa holdersYour parent/guardian must be able to provide both your foreign and local address, as well as your ITIN (Individual Tax Identification Number). They’ll also need to bring the following:1. Proof of U.S. residencyEx: U.S. government-issued ID, student/employer photo ID, current utility bill or rental agreement(documents must show your name and U.S. physical address)2. One primary photo IDEx: foreign passport (with or without passport visa), U.S. Non-Immigrant visa and Border Crossing Card-DSP-150, Canadian Citizenship card (with photo), Mexican, Guatemalan, Dominican or Colombian Consular ID (with photo)3. One secondary IDEx. foreign or…
How To Open a Bank of America Checking Account
How To Open a Bank of America Account Ken Wolter / Shutterstock.com Whether you need a convenient way to pay bills, track your finances or provide proof of payment, having a checking account can come in handy. It also serves as a more secure method of payment than cash. Although there’s no shortage of financial institutions to choose from when you’re interested in opening an account, Bank of America is ranked as one of the best national banks of 2021. So it’s not by accident that the bank has several good checking account options for you to consider. Read on for the full details of the bank’s Advantage Banking checking account settings and what you’ll need to open an account. What Do You Need To Open an Account at Bank of America? To open a checking account with Bank of America, you’ll need to provide your personal information to complete the application, including: Current mailing address Social Security number Email address Account number (if you have an existing checking account) Same information for any joint account holder You’ll be required to show two forms of identification. Acceptable primary forms of ID include: Driver’s license State-issued ID with photo U.S. passport Military ID with photo Bank of America-branded debit or credit card with photo Your second form of ID verifies your primary ID. Types of acceptable secondary IDs include: Major credit card from another financial institution Major retail credit card from a national department store or retail company Debit card with Visa or Mastercard logo from another financial institution U.S. college or university ID U.S. Student ID card from a local high school U.S.-issued employment or work ID card or badge Decide Which Bank of America Account Is Best for You Once you’ve gathered your documents, you’ll need to choose the Bank of America checking account setting that best suits your needs. Bank of America currently offers three options: Bank of America Advantage Plus Banking®: This account setting is designed for individuals and Students who want an account with a low minimum balance requirement. The monthly service fee is $12, but Bank of America will waive the fee if you have a monthly $250 direct deposit, you maintain a $1,500 minimum daily balance, or you enroll in the Preferred Rewards program. Bank of America Advantage Relationship Banking®: This account setting is for individuals who maintain a high balance in their checking account. You’ll earn interest and receive perks such as no service fees, free incoming domestic wires and the option to open other checking or savings accounts with no monthly maintenance fees. If you don’t maintain a combined $10,000 in balances among all of your Bank of America accounts, and you’re not a member of the Preferred Rewards program, then you’ll have to pay a $25 monthly service fee for Advantage Relationship. Bank of America Advantage SafeBalance Banking®: The Advantage SafeBalance is a “checkless” checking account setting, which means there is no paper check writing for this account setting. It is more of a digital payment method with a $4.95 monthly service fee that is waived for Students under 25 and Preferred Rewards members. Now that you’ve reviewed what Bank of America’s Advantage Banking checking settings have to offer, you can make an informed decision as to whether one suits your needs. If you’re still not sure or want to read more before you decide, check out a review of the bank that covers its products, fees and how it compares to its competitors. Click through to learn more about Bank of America and decide whether it’s the right bank for you. This article has been updated with additional reporting since its original publication. Information is accurate as of June 27, 2022. Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article….
Bank of America Checking Accounts | Bankrate
Bank of America Checking Accounts | BankrateBank of America is one of the largest banks in the U.S. and it offers a wide selection of products and services.Bank of America offers several different checking account options. Each connects to the bank’s highly rated mobile app to help you manage your finances. As a BofA customer, you’ll also have access to a large network of bank branches and ATMs. Bank of America earned 3.2 out of 5 stars in Bankrate’s overall review of its deposit accounts.Here’s a closer look at the checking accounts offered by BofA to help you decide whether one is a good choice for you.Bank of America checking accountsBofA offers these checking accounts: Account name APY Minimum deposit Monthly fee Bank of America Advantage SafeBalance Banking None $25 $4.95 Bank of America Advantage Plus None $100 $12 Bank of America Advantage Relationship 0.01%-0.02%* $100 $25 Note: Annual percentage yields (APYs) shown are as of Jan. 24, 2021, and may vary by region for some products.*APY varies based on account balanceFind out everything you need to know about them below: Bank of America Advantage SafeBalance Banking Bank of America Advantage Plus Bank of America Advantage Relationship 1. Bank of America Advantage SafeBalance BankingThe Advantage SafeBalance Banking checking account has safeguards in place to help you keep spending within the bounds of your account balance.Instead of allowing an overdraft to occur, BofA will decline your transactions if the funds aren’t available in your account, avoiding an overdraft fee.Checks are not offered with this account; transactions are conducted using a debit card, Zelle and digital banking.Minimum opening deposit: $25Bank of America Advantage SafeBalance Banking FeesThe SafeBalance Banking account has a monthly maintenance fee of $4.95 that is waived for eligible students under age 25 and customers enrolled in Bank of America’s Preferred Rewards program.BofA charges no ATM fees for withdrawn from one of its more than 16,000 ATMs. Using an ATM outside of Bank of America’s network in the U.S. results in a $2.50 charge for each ATM withdrawal — plus any fees charged by the ATM owner.Other fees to be aware of with this account include: paper statement copy fee ($5); stop payment fee ($30); card replacement fee ($5); cashier’s check fee ($15); and outgoing international wire fee ($45). There are no overdraft fees as the account cannot be overdrawn.2. Bank of America Advantage PlusThe Advantage Plus checking account offered by Bank of America offers more standard features than the SafeBalance banking account. Purchases can be paid by debit card, Zelle, mobile and online banking, or checks.In addition, an overdraft protection transfer feature can be added to the Advantage Plus account, which automatically transfers funds from a linked savings or checking account to cover purchases.Minimum opening deposit: $100Bank of America Advantage Plus FeesA $12 monthly fee applies to the Advantage Plus account, but it can be waived if you: Maintain a $1,500 minimum daily balance Enroll in BofA’s Preferred Rewards program Are an eligible student under age 25. (Effective Feb. 18, 2022, BofA will no longer waive the monthly fee for students with Advantage Plus accounts. Cash withdrawals are free at Bank of America ATMs. Funds withdrawn from out-network ATMs in the U.S. are subject to $2.50 fee, plus any fees charged by the ATM operator.Unlike the SafeBalance Banking account, the Advantage Plus Fees account charges an overdraft fee ($35 per item). If you choose the overdraft protection transfer feature, BofA…
Bank of America Promotions Of September 2022 – Forbes
Bank of America Promotions Of September 2022: Earn Up To $200 By Opening A New Checking Account Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Bank of America (BofA) wants to welcome you as a new customer—with cash when you open a business or personal checking account. As the second-largest U.S. bank in terms of assets, Bank of America has a national presence in keeping with its name: It operates 4,100 branch locations and 16,000 ATMs across 37 states and the District of Columbia. BofA serves around 37 million U.S. customers, including those who hold a substantial amount of assets with the bank and qualify for its Preferred Rewards program, offering reduced fees and additional perks. Bank of America is eager for new customers, too, and uses attractive sign-up bonuses to bring them in. How Can You Earn a Bank of America Checking Account Bonus? It’s relatively easy to qualify for a Bank of America promotion as a new consumer or business checking customer. Here are the steps: Open a new Bank of America checking account through a promotional offer or by using a Bank of America offer code. Meet the promotion’s qualifying conditions. Personal checking accounts generally require a minimum ongoing direct deposit. Business accounts usually require you to make a minimum amount of new-money deposits into your account, and maintain an average balance during a qualifying period. Receive your bonus, usually 60 days after you meet the requirements. Here are the current Bank of America new-account promotions for individual and business checking customers. Offer details are accurate as of Aug. 31, 2022. Bank of America Promotions for 2022 Bank of America Advantage Banking: Earn $100 Bank of America offers a suite of checking account products for consumers, under its Advantage Banking brand. Options include: Bank of America Advantage SafeBalance Banking®, a “checkless” checking account that doesn’t allow paper check writing and has a $4.95 monthly maintenance fee; Bank of America Advantage Plus Banking®, which Bank of America calls “a good choice if you want everyday banking” and carries a $12 monthly fee; and Advantage Relationship Banking, which earns an annual percentage yield (APY) of up to 0.02% and has a $25 monthly fee. What is the offer? Open a new Bank of America Advantage Banking personal checking account online, using offer code DNL100CIS. Then, set up and receive qualifying direct deposits of $1,000 or more into the account within 90 days to receive a $100 bonus. What is considered a direct deposit? Deposits of regular monthly income—such as a salary, pension or Social Security—using your account and routing numbers count as qualifying direct deposits for this promotion. When do you receive your bonus? Bank of America says it will attempt to deposit your bonus within 60 days after you satisfy the qualification requirements. Is there a time limit on the offer? Yes. It’s available to new customers who open accounts by Dec. 31, 2022. Can you avoid the monthly service fee? Bank of America offers several ways for Advantage Banking customers to fend off the maintenance fees: Students under age 25 or other account holders under 18 can receive fee waivers for Advantage SafeBalance Banking accounts. Advantage Plus Banking customers can avoid fees each month with a qualifying direct deposit of $250, or by maintaining a daily balance of $1,500 or more. With Advantage Relationship Banking, Bank of America waives the monthly fees when a customer keeps a combined balance of at least $10,000…
Open a checking account | U.S. Bank
Online checking account | Open a checking account | U.S. Bank Easy Checking Personal checking with basic banking must-haves MONTHLY MAINTENANCE FEE $6.95 or $0 How to waive the fee Gold Checking Extra benefits for U.S. Bank credit card and loan customers MONTHLY MAINTENANCE FEE $14.95 or $0 How to waive the fee Platinum Checking Top-tier checking with competitive rates and all the perks (view rates) MONTHLY MAINTENANCE FEE $24.95 or $0 How to waive the fee Student Checking Personal checking with features just for students MONTHLY MAINTENANCE FEE $0 No monthly maintenance fee Safe Debit Account1 A bank account minus the checks with no overdraft fees MONTHLY MAINTENANCE FEE $4.95 Monthly maintenance fee can’t be waived Ways to waive the monthly maintenance fee Easy Checking You have combined monthly direct deposits totaling $1,000 or more. Or You keep an average account balance2 of $1,500 or more. Or You or another person on the account are age 65 or greater. Learn more Gold Checking You have an open U.S. Bank personal loan, line, mortgage or credit card.3 Learn more Platinum Checking You have $25,000 or more in combined personal deposits, credit balances4 with U.S. Bank investments through U.S. through Bancorp Investments. Or You have a personal trust relationship with U.S. Bank Wealth Management. Learn more All our checking accounts include: Branches in more than 25 states One of the largest ATM networks in America No surcharges at MoneyPass® Network ATMs5 (find a branch or ATM near you in the mobile app or online) More account benefits How to waive overdraft fees for all checking accounts (excluding Safe Debit) If your Available Balance at the end of the business day is overdrawn by $50 or less, you will not be charged an overdraft fee. If your Available Balance is overdrawn by $50.01 or more, you’re given extra time to potentially waive Overdraft Paid Fees on eligible accounts with Overdraft Fee Forgiven.6 Open an account online. It’s fast and easy, typically taking only a few minutes. Here’s what you’ll need. All our accounts can be opened jointly. Simply select the Joint option when applying. You may open a joint checking account with a minor aged 14 through 17. If you wish to open a joint Student Checking or Safe Debit account with a minor, you may do so online or in a branch. If you wish to open any other checking account jointly with a minor, you must apply together in a branch. Stop by a local branch together and a banker will be happy to help you. You may also schedule an appointment in advance. Learn more about opening an account for a minor. Over 18 and interested in opening your own account for the first time? Here’s what you need to know. Need more information about bank accounts? Let us help. What is a checking account? There are many bank accounts where you could put your money. Which is the best for your situation? Figure it out with a little help from our Money Mentor series. Learn about bank accounts Opening a bank account for the first time You’re ready to open your first bank account! But you have a few questions. Take a scroll through our infographic for the things you’ll need and numbers to know. Prepare to open your first account How to practice mindful spending Whether you’re a financial pro or just starting out in your money journey, mindful spending habits will keep you on the right track – especially in an ever-changing economy. Get in the money mindset Ready to get started? Start of disclosure content Footnote Return to content, Footnote Disclosures Start of disclosure content Footnote Return to content, Footnote DA-017 DAA and CPI disclosure WI-001 Not-not-may: USBI or dual XX-023 Tax/legal advice – USBI + Bank WI-041…
Open A Checking Account Online In Minutes – TD Bank
Open A Checking Account Online In Minutes View the TD Checking Account Guides. 1TD Convenience CheckingSM Monthly Maintenance Fee waived if the Primary account holder is age 17 through 23 years of age. Upon the primary account holder’s 24th birthday the account will be subject to the monthly maintenance fee unless the minimum daily balance is maintained. 2TD Beyond Checking monthly maintenance fee can be waived with one of the following: Receive $5,000 or more in direct deposits within a statement cycle or maintain a $2,500 minimum daily balance in your TD Beyond Checking account or maintain a $25,000 minimum daily combined balance of all deposit accounts, all outstanding home equity loan and home equity line of credit accounts, and/or mortgages in good standing (excludes credit cards and personal loans) that you choose to link. 3Non-TD ATMs: For TD Beyond Checking and TD Beyond Savings, TD ATM fees waived regardless of balance, and non-TD fees, which includes any surcharges at the time of your transaction, will be reimbursed when your minimum daily balance is at least $2,500. The institution that owns the terminal (or the network) may assess a fee (surcharge) at the time of your transaction, including balance inquiries. 4Overdraft Payback automatically reverses the first two overdraft fees (paid or returned) incurred within a calendar year (January–December); max $70 per calendar year. 5Rush Bill Payments may appear on your account statements and account activity as Same Day Payments. A fee applies to all Rush Bill Payments, Beyond Checking accounts will be reimbursed for Rush Bill Payment fees. 6Send Money with Zelle® is available for most personal checking and money market accounts. To use Send Money with Zelle® you must have an Online Banking profile with a U.S. address, a unique U.S. mobile phone number and an active unique e-mail address. Your eligible personal deposit account must be active and enabled for ACH transactions and Online Banking transfers. Message and data rates may apply, check with your wireless carrier. U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes. Transaction limitations apply. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. 7TD Bank Mobile Deposit is available to Customers with an active checking, savings or money market account and using a supported, internet-enabled iOS or Android device with a camera. Other restrictions may apply. Please refer to the Mobile Deposit Addendum. 8Overdraft Services do not apply to TD Essential Banking Accounts. We may decline or return transactions that would result in an overdraft. Transactions that you make may cause your Account to overdraw but we will not assess your TD Essential Banking Account an overdraft fee or return item fee. For example, preauthorized transactions and other transactions may post to your Account even when the balance in your Account is not sufficient to pay the transaction.
Bank of America Mobile Banking – Apps on Google Play
Bank of America Mobile Banking – Apps on Google PlayBank conveniently and security with the Bank of America® Mobile Banking app for U.S.-based accounts.Manage Accounts• View account balances and review activity • Activate or replace credit/debit cards• Set alerts for important account infoTransfer Money and Pay Bills • Securely send and receive money with Zelle® using a U.S. mobile number or email address¹• Transfer funds between your Bank of America and linked Merrill accounts• Pay bills Check Deposit• Take photos of checks to deposit them• Get immediate confirmation that your check is processing²Erica, Your Virtual Financial Assistant³• Ask Erica to find transactions, pay bills and more• Get valuable alerts, and helpful insights Security• Set up Touch ID® / Face ID®• If fraudulent activity is suspected on your card, we’ll notify you• View security center• With our Mobile Banking Security Guarantee, you’re not liable for fraudulent transactions when reported promptly⁴Manage Investments with Merrill• Trade stocks, ETFs, mutual funds• View up-to-date Market data, news, and quotes• Send messages and documents securely to your advisorSee the Online Banking Service Agreement at bankofamerica.com/serviceagreement for more information. Mobile carrier message and data rates may apply.¹ Zelle transfers require enrollment and must be made from a Bank of America consumer checking or savings account to a domestic bank account or debit card. Recipients have 14 days to register to receive money or the transfer will be canceled. Dollar and frequency limits apply. ² Deposits are subject to verification and not available for immediate withdrawal. Other restrictions apply.³ Erica only listens or speaks when you tap the microphone and retains interactions to optimize your experience. Erica speaks aloud and hears and responds to all voices. Erica is only available in English.⁴ You’re not liable for fraudulent Mobile Banking transactions when you notify the bank within 60 days of the transaction first appearing on your statement and comply with security responsibilities.Investing involves risk. There is always the potential of losing money when you invest in securities.Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by complanies that are affiliates of Bank of America Corporation (“BofA Corp”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (“MLLA”), a licensed insurance agency and wholly owned subsidiary of BofA Corp.Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly-owned subsidiaries of Bank of America Corporation.Investment products: • Are Not FDIC Insurance• Are Not Bank Guaranteed• May Lose ValueZelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.Features may only be available for certain account types.Android is a trademark of Google Inc.Google emojis are used herein under license.Bank of America and related trademarks are trademarks of Bank of America CorporationBank of America, N.A. Member FDIC© 2022 Bank of America Corporation