Bank of America is one of the largest banking institutions in the United States.
Founded in 1904, it now serves over 67 million consumer and small business clients around the world. The company offers a wide range of product and services, such as checking and savings accounts, investments, mortgages, loans, and access to global banking and financial markets
About Bank of America Advantage Banking
Bank of America Advantage Banking is a checking account with 3 product offerings – Bank of America Advantage SafeBalance Banking®, Bank of America Advantage Plus Banking®, and Bank of America Advantage Relationship Banking®.
Bank of America Advantage SafeBalance Banking®
New checking customers only: Get a $100 bonus offer after completing qualifying transactions. See offer page for more details.
With a SafeBalance Banking® account, there are no overdraft fees, because any debit card charges that might put your account into the negative will be automatically declined. And since checks are often the culprit when it comes to overdraft fees, you cannot write checks with this account.
There’s a minimum opening deposit of $25 and a $4.95 monthly maintenance fee. There will be no monthly maintenance fee each statement cycle when you meet one of the following: an owner of this account is under the age of 25, maintain a minimum daily balance of $500 in your account or an account owner is enrolled in BofA Rewards™ and qualifies for the Preferred Plus, Preferred Honors, or Premier Tier.
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Bank of America Advantage Plus Banking®
New checking customers only: Get an up to $500 bonus offer after completing qualifying transactions. See offer page for more details.
Bank of America Advantage Plus Banking® is the company’s most popular checking account. You can write paper checks and set up overdraft protection with a linked savings account if you have one.
The Advantage Plus account has a minimum opening deposit of $100 and a $12 monthly maintenance fee. There will be no monthly maintenance fee each statement cycle when you meet one of the following: have at least one qualifying direct deposit of $250 or more or maintain a minimum daily balance of $1,500 in your account or an account owner is enrolled in BofA Rewards™ and qualifies for the Preferred Plus, Preferred Honors, or Premier Tier.
As with the Advantage SafeBalance account, students enrolled in high school, college, university, or vocational school can also qualify for no monthly maintenance fee.
Bank of America Advantage Relationship Banking®
New checking customers only: Get an up to $500 bonus offer after completing qualifying transactions. See offer page for more details.
Bank of America Advantage Relationship Banking® is an interest-earning checking account that’s designed for people who are able to maintain higher account balances.
Account-holders can write checks, earn interest on deposits, and you can also set up overdraft protection.
To open an account, you need to deposit at least $100, and there’s a monthly maintenance fee of $25. There will be no monthly maintenance fee each statement cycle when you meet one of the following: maintain a minimum daily balance of at least $20,000 in your Advantage Relationship Banking account or an account owner is enrolled in BofA Rewards™ and qualifies for the Preferred Plus, Preferred Honors, or Premier Tier.
Bank of America N.A. Member FDIC
