Small Business
Business Deposit FAQs
Select Your State
Please tell us where you bank so we can give you accurate rate and fee information for your location.
Savings
CDs
Do you automatically renew CDs at the time of maturity?
Yes. Bank of America will automatically renew the account by reinvesting funds on the maturity date, which is the first day after the term ends. We reinvest both principal and interest. You can elect to receive the interest earned on the account, a portion of the account or the entire amount of the account. The term for the automatically reinvested deposit is the same length as the previous term of the account.
FAQs
What do I need to open a bank account at Bank of America Online?
Your Social Security number. Your current residential address. Your email address. Your account number or debit card number to make your opening deposit into your new Bank of America account….What to bring to your appointment:
- Proof of U.S. residency. …
- One primary photo ID. …
- One secondary ID.
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.
How much do you need to open a Bank of America account?
The minimum opening deposit for many Bank of America accounts is $100. Standard Term CDs require $1,000.
Can I walk in Bank of America to open an account?
Yes, you can visit a financial center without an appointment.
Which banks allow online account opening?
Almost all the banks offer online account opening like State Bank of India, HDFC Bank, ICICI Bank and other banks.
What is the monthly fee for Bank of America?
Bank of America Checking Account Fees
There is a $4.95 monthly maintenance fee for Advantage SafeBalance Banking®, a $12 monthly maintenance fee for Advantage Plus Banking® and a $25 monthly maintenance fee for Advantage Relationship Banking®, but only Advantage Relationship Banking earns interest.
How much do you have to keep in Bank of America to avoid fees?
When you maintain a combined balance of at least $10,000 or more each statement cycle on your Bank of America Advantage Relationship Banking® account, the monthly maintenance fee is waived.
Is Bank of America a second chance bank?
Bank of America offers a second chance checking account called the Safe Balance Account. The account has a low maintenance fee of $4.95, but you won’t be able to write paper checks. Instead, your payment options include debit, mobile or online transfers or online bill pay.
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.
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.
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 more time,…
Open a Bank of America Advantage Savings Account Online
Savings Account – Open a Bank of America Advantage Savings Account OnlineSkip to main contentGet a head start on your futureGet a head start on your futureStart saving todayStart saving todayplease wait while the page loadsHow we can helpOur savings account layer can help boost your financial health and put your goals into focus.What is a savings account?A savings account is a deposit account that generally earns higher interest than an interest-bearing checking account. Savings accounts limit the number of certain types of transfers or withdrawals you can make from the account each monthly statement cycle.Personalized planningBank of America Life Plan® is an easy, flexible way to set and track your short- and long-term goals, get one-on-one advice and adjust when life changes.Learn more about Life PlanA rewarding relationshipQualifying members can enjoy benefits and rewards on everyday banking, from interest rate boosters to waivers on certain services.Learn more about Preferred RewardsEasy ways to saveHave a checking account with us, too? Enroll to round up debit card purchases and transfer the difference to savings automatically.Learn more about Keep the Change®Cash back dealsWant to put more in savings? Search participating merchants and earn up to 10% cash back on everyday purchases.Learn more about BankAmeriDeals®Account details and feesAccount details and fees , openMonthly FeeNo monthly maintenance fee for each statement cycle that you:Maintain a minimum daily balance of at least $XXXXorLink your Bank of America Advantage Savings account to your Bank of America Advantage Relationship Banking® account (waiver applies to first 4 savings accounts)orWhen you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)orAn account owner is under age 18orAn account owner is under age 25 and qualifies as a Studentor pay $XXXX/monthFor new Bank of America Advantage Savings accounts, we’ll waive this fee for the first 6 monthsRequired Opening Deposit$XXXXWithdrawal Limit FeeMake a total of 6 transfers and withdrawals each monthly statement cycle with no Withdrawal Limit Fee. A $10 fee applies for each withdrawal or transfer exceeding 6 in a monthly statement cycle.Other limits apply to certain types of withdrawals and transfers.Monthly FeeRequired Opening DepositWithdrawal Limit FeeNo monthly maintenance fee for each statement cycle that you:Maintain a minimum daily balance of at least $XXXXorLink your Bank of America Advantage Savings account to your Bank of America Advantage Relationship Banking® account (waiver applies to first 4 savings accounts)orWhen you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)orAn account owner is under age 18orAn account owner is under age 25 and qualifies as a Studentor pay $XXXX/monthFor new Bank of America Advantage Savings accounts, we’ll waive this fee for the first 6 months$XXXXMake a total of 6 transfers and withdrawals each monthly statement cycle with no Withdrawal Limit Fee. A $10 fee applies for each withdrawal or transfer exceeding 6 in a monthly statement cycle.Other limits apply to certain types of withdrawals and transfers.RatesRates , openToday’s ratesAccount balanceStandard Annual Percentage Yield (APY)Today’s ratesAccount balanceStandard Annual Percentage Yield (APY)Preferred Rewards members can earn even more. How to qualify layerGold Tier APYPlatinum Tier APYPlatinum Honors Tier APYHow to qualifyAll you need to qualify is an eligible Bank of America® personal checking account and a three-month…
Create Bank of America Account – how to get (bank of amercia …
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…
Business Checking, Saving & CD Account FAQs
Business Checking, Saving & CD Account FAQs Small BusinessBusiness Deposit FAQsSelect Your StatePlease tell us where you bank so we can give you accurate rate and fee information for your location.SavingsCDs Do you automatically renew CDs at the time of maturity? Yes. Bank of America will automatically renew the account by reinvesting funds on the maturity date, which is the first day after the term ends. We reinvest both principal and interest. You can elect to receive the interest earned on the account, a portion of the account or the entire amount of the account. The term for the automatically reinvested deposit is the same length as the previous term of the account.
Savings Account FAQs: Rates, Fees, Minimums, and More
Savings Account FAQs: Rates, Fees, Minimums, and MoreSavings Accounts FAQsSelect Your StatePlease tell us where you bank so we can give you accurate rate and fee information for your location. | When do I start earning interest on my savings account? Interest begins to accrue on the day the account is processed, not the day the application is submitted. The application will be processed at the interest rate that was effective on the day that the application was submitted.With a Bank of America Advantage Savings account the more you save the more you could earnPlease select your countyEnter your zip codePlease enter the zip code for your home address so we can give you accurate rate and fee information for your location.
Enroll in Online & Mobile Banking – Bank of America
Bank of America | Online Banking
Online Bank Account Services FAQs – Bank of America
Online Bank Account Services FAQs – Bank of AmericaGet it on the App StoreBefore you leave our site, we want you to know your app store has its own privacy practices and level of security which may be different from ours, so please review their policies.Or we can text a download link directly to your phonePhone Number In 999-999-9999 FormatPlease enter a valid 10-digit phone numberBy providing your mobile number you are consenting to receive a text message. Text message fees may apply from your carrier. Text messages may be transmitted automatically.Apple, the Apple logo, iPhone, iPad, Apple Watch and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.Get it on the App StoreBefore you leave our site, we want you to know your app store has its own privacy practices and level of security which may be different from ours, so please review their policies.Or we can send you a link by emailPlease enter a valid email addressApple, the Apple logo, iPhone, iPad, Apple Watch and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.Get it on Google PlayBefore you leave our site, we want you to know your app store has its own privacy practices and level of security which may be different from ours, so please review their policies.Or we can text a download link directly to your phonePhone Number In 999-999-9999 FormatPlease enter a phone numberBy providing your mobile number you are consenting to receive a text message. Text message fees may apply from your carrier. Text messages may be transmitted automatically.Android is a trademark of Google Inc. Samsung is a registered trademark of Samsung Electronics Co., Ltd.Get the mobile banking appBefore you leave our site, we want you to know your app store has its own privacy practices and level of security which may be different from ours, so please review their polices.Continue We’ve sent you a download linkWe sent an email with the download link to We sent a text message with the download link to We couldn’t send the linkWe’re sorry we weren’t able to send you the download link. Please try again, or use your mobile device to get the app from its app store.