make check deposits (but Advantage SafeBalance Banking is a checkless checking account, so this feature might not be relevant). Statement copies. We receive compensation when you purchase products or services through those links. Capital One offers competitive rates on their savings account. With Advantage SafeBalance Banking, the monthly maintenance fee is waived for students under age 24. Other options include the non-interest bearing Advantage SafeBalance Banking ($4.95 monthly fee, $25 opening balance and no paper checks) or the Bank of America Advantage Plus Banking … Bank of America Advantage SafeBalance Banking. Bank of America Advantage SafeBalance Banking™ ... Interest Checking is now Advantage Relationship Banking. Customers have one savings account option: Bank of America Advantage Savings. When you sign up for this account, you’ll get a Visa debit card that allows you to shop almost anywhere. If accessing your account through Bank of America's Mobile Banking app, the information is available under "Account Details" after you've selected your account from Accounts Overview. We strive to provide you with information about products and services you might find interesting and useful. Enter your zip code Get Started. $100. Bank of America offers one checking account with 3 settings. You can then track your program balance summary Online Banking or in the Mobile Banking app. Including Advantage SafeBalance Banking in your combined balances, Bank of America Advantage SafeBalance Banking™ (formerly SafeBalance Banking, Bank of America Advantage Plus Banking™ (formerly Bank of America Core Checking, Bank of America Advantage Relationship Banking™ (formerly Bank of America Interest Checking. Bad For: Bank of America Advantage Relationship . While Bank of America is one of the largest banks in the U.S. with over 5,000 locations and 16,000 ATMs. Just schedule an appointment at a financial center or call the number on the back of your debit card. Our content is our own. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. It’s hard to underestimate the exact size of Bank of America: It holds about $1 out of every $10 on deposit in the U.S.     Bank of America has had plenty of time to grow since its origins in 1904 and now boasts over 4,300 branches around That makes it convenient, but that convenience comes at a price because its accounts come with high fees and low interest rates. If you link an Advantage SafeBalance account to your Advantage Relationship account, the balance will qualify toward the combined balance required to avoid the monthly fee on the Advantage Relationship account. Just like with any other bank, Bank of America lets you manage your account at your convenience, wherever you are, 24/7. How to qualify. Erica's your virtual financial assistant, there for all your questions or requests. does its best to ensure the information on the website is consistent, accurate, and up to date, it might differ from what you find on external websites (of financial institutions, service or product providers). use Bank of America's Spending and Budgeting tool. Interest Checking is now Advantage Relationship Banking. Opinions expressed here are the author’s alone and have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Make sure you have enough money in your account a few days before the scheduled delivery date and keep it available until the payment is deducted. Any action you take upon the information on this website is at your own risk. Bank of America Advantage SafeBalance Banking Checking Account: $4.95 (can be waived) $25 : 0.00% : Bank of America Advantage Plus Banking Checking Account: $12 (can be waived) $100 : 0.00% : Bank of America Advantage Relationship Banking Checking Account: $25 (can be waived) $100 See reverse. Deposit Agreement and Disclosures Amended for Bank of America Advantage SafeBalance Banking® Account . A free Bank of America debit card with $0 Liability Guarantee, digital wallet, and card controls. Bank of America will then round up each transaction amount to the nearest dollar, and transfer it from your checking to your savings account. Bank of America $100 Checking Offer. Bank of America does not charge for this service but your mobile carrier's message and data rates may apply. Whether you're a Gold, Platinum or Platinum Honors tier member of Bank of America's Preferred Rewards program, you'll get: As you can see, there are plenty of great perks, especially fee waivers on select products and services. Compared to other large banks and my local credit union, I might be making a switch soon. More From Your Money To start saving, you need to have a Bank of America checking account with a debit card, as well as a Bank of America savings account. You can also count on Erica's help to help you better manage your Advantage SafeBalance Banking checking account. Join the Preferred Rewards program to get better interest rates, credit card bonuses, ATM fee waivers and more. What happens if I overdraw my Advantage SafeBalance Banking checking account? But it only earns 0.02% APY and it has a $25 monthly fee. Once you've qualified, you need to enrolled in the Preferred Rewards program in Online Banking to get started. You can get information about interest rates and fees for services not covered in this schedule by visiting a financial center or calling us at the number on your statement. If you don't have money in your Advantage SafeBalance Banking checking account, any transaction will be declined and returned unpaid. This account provides tiered interest rates that grow with your relationship with the bank… Footnote 5. Online and Mobile Bill Pay, through Online Banking or Bank of America's mobile banking app. Bank of America Advantage SafeBalance Banking ... consider factors that impact the total cost to send or the amount available after transfer such as exchange rates and other fees. That said, if you do want a free checking, then check out other checking account offers we have on our website! Additional fees. Monthly maintenance fee: $4.95. Good For: No Overdraft Checking. $12.00. You can access your Bank of America checking account online or through the Bank of America Mobile Banking app using your device to: Bank of America uses different routing numbers for wire transfers and ACH transactions. Advantage Plus Banking: The minimum opening deposit for this setting is $100. All rights reserved. Online and Mobile Banking with SafePass, and Online and Mobile Banking Security Guarantee. There to help you make better financial decisions is Bank of America's Spending & Budgeting tool, available in Online Banking, as well as on the Mobile Banking app. $25. That money can be transferred from checking accounts you might have with other banks or financial institution, from a savings fund or a retirement account - literally from anywhere! Bank of America Advantage SafeBalance Banking ® Bank of America Advantage Plus Banking ® Bank of America Advantage Relationship Banking ® Open now: Open now: Open now: Minimum opening deposit: $25. For those interested in being a part of an industry-leading financial institution while offering superior products and services, ... open a new Bank of America Advantage Banking account through this page by June 30, 2021. How does it compare to Bank of America? Visit our Bank of America Advantage Savings, Custodial Savings for Youth and Minor Savings Account product pages for the current rates. While you can't write checks, there are many other ways you can make payments as an Advantage SafeBalance Banking checking accountholder. If it happens that you don't have enough money to cover a transaction, Bank of America won't charge you any overdraft fees, but it also won't allow you to complete the transaction. Finally, in addition to all these unique features and services you get to enjoy with the Advantage SafeBalance Banking checking account, if you qualify for Bank of America's Preferred Rewards, you will receive even more benefits! Bank of America $100 Advantage Checking Account Offer. And, in case you need more debt, with all these loan discounts, Bank of America's offering you the lesser evil through its Preferred Rewards program! To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. 24/7 protection with Total Security Protection®, fraud monitoring, safer sign-in, and card locking features. There is a $4.95 monthly maintenance fee for Advantage SafeBalance checking, $12 monthly maintenance fee for Advantage Plus checking and $25 monthly maintenance fee for Advantage Relationship checking, but only Advantage Relationship comes equipped with a variable interest rate. If you prefer that we do not use this information, you may opt out of online behavioral advertising. (Which is not to say you should not monitor your balance, and be responsible with your money.). The SafeBalance Banking account has a monthly maintenance fee of $4.95. With the Bank of America Advantage SafeBalance Banking Checking Account, check writing is not possible. So, here’s a closer look at the different options for accounts offered at each and how they compare. There are no minimum deposits or service fees. The Preferred Rewards is an exclusive program through which Bank of America rewards customers who manage to keep a certain amount of money in their eligible Bank of America accounts. Erica can help you with everyday banking tasks and inquiries, and a lot more! If plenty of locations, one-stop convenience and online security are high on your list of priorities, Bank of America may be a good choice for you. The content on our website is presented without warranty. A checkless banking solution with no overdraft fees! Monthly fee can be waived if you enroll in the Preferred Rewards program OR if you're a student enrolled in high school or college, and aged 24 or younger. What are the account minimums for Bank of America Advantage SafeBalance? Cash back deals are available in Bank of America Online Banking as well as on the Bank of America Mobile Banking app. Good For: Bad For: Bank of America Advantage Plus . Bank of America won't charge you any overdraft fees, but do note that the merchant or any third party could charge you a fee, a penalty fee, for example, in case you're late with your dues. your Bank of America debit card (you can also link it to a digital wallet). transfer money between your accounts, and send money to other people or businesses. Bank of America ATM network and fees. The monthly fee can be waived if you are a student under 24, or if you are enrolled in Preferred Rewards. There are no paper checks. You can set it up in Online Banking, by choosing "Manage SafePass" from "Profile & Settings", and selecting one or more mobile phone numbers to receive your SafePass code. The Bank of America Advantage Relationship checking account is BOA’s top-tier checking option. Set up and receive two qualifying direct deposits of $250 or more each within 90 days of opening your new account. The key features are the same: Earn interest on your balance, enjoy no-fee services, and link an additional 3 checking and up to 4 savings accounts with no monthly maintenance fee. Delivery of alerts may be affected or delayed by your mobile carrier’s coverage. reduced origination fees on Bank of America's mortgages. Per transaction, greater of . Scroll down and click Advantage SafeBalance, then Open now. Bank of America has both the advantages and drawbacks inherent to its role as one of the world’s largest banks. Some of the links provided on our website are affiliate links. Account Type: Chase: Bank of America: Savings: Chase Savings and Chase … These ads are based on your specific account relationships with us. To waive the m… Deposited item returned. Also, in Florida, Illinois, Missouri, and Texas, the bank has several routing numbers, which vary from location to location. Bank of America Advantage SafeBalance offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). © 2020 Bank of America Corporation. Bank of America has over 4,000 branches and 16,000-plus ATMs, but its best known for special rewards programs it offers to customers. Compare checking accounts from banks and credit unions for free. The key features are the same: Get convenient access with multiple ways to waive the monthly maintenance fee and optional Overdraft Protection. The minimum opening deposit is $25. Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s, Bank of America Advantage SafeBalance Banking™, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. With interactive charts broken down into categories, and long-term spending insights and trends, you'll be able to track your money habits, and stay on top of your finances. I’ll still keep my Bank of America checking account open, but my savings will be better off somewhere that can earn me more interest. OR . You’ll keep the same account number and debit card even after you’ve switched. $5.00. Information is current as of 11/2020 and is subject to change. Bank of America offers a wide range of checking accounts for you to take advantage of, allowing you to take charge of your finances. Non-Bank of America Teller Withdrawal . Relationship-based ads and online behavioral advertising help us do that. Use the budgeting tool to take control of your money by tracking your habits and creating budgets. Your cashback rewards will be credited to your Advantage SafeBalance Banking checking account within 30 days following redemption. 2. Money management tools. How do I qualify for Bank of America Preferred Rewards? 0.05%. Once you've enrolled in Online and Mobile Banking, you'll be able to view offers automatically, and select the deals you want. You simply can't write checks. Bank of America Advantage Plus Banking ... overdraft protection cash advance fees and will accrue interest at the Bank Cash Advance APR. If we choose to promote something, it is only because we think it is worth it. It is solely your responsibility to verify terms and conditions specific to a product or service you're interested in by visiting the provider's website directly. With each of these comes a set of benefits that you get to enjoy 12 months upon qualification! If you're looking for a checking account that comes equipped with everything you need to manage your money, but that can also help you do it better, the Bank of America Advantage SafeBalance Banking is what you need. no monthly maintenance fees on up to 4 eligible checking and 4 savings accounts from Bank of America. To receive exclusive benefits through Bank of America's free Preferred Rewards, you'll need an eligible Bank of America personal checking account, and a 3-month average combined balance of $20,000 in qualifying Bank of America deposit accounts and/or Merrill investment accounts. 1. The key features are the same: Earn interest on your balance, enjoy no-fee services, and link an additional 3 checking and up to 4 savings accounts with no monthly maintenance fee. Of course, for many consumers, picking a bank is more about comparing the numbers than anything else. foreign currency exchange rate discounts. Member FDIC. In case you ever want to further develop your personal finance knowledge, you can explore Bank of America's Better Money Habits, which includes plenty of resources available for you to use, and learn how to build better money habits! See: Bank of America Interest Rates: How To Get the Bank’s Best Rates. … You can always set up account alerts, so you stay on top of your money, and know when your balance is low or when there are unpaid items due to insufficient funds. Check out other Bank of America checking account offers, These Checking accounts might also interest you. Bank of America Advantage SafeBalance requires a minimum initial deposit of $25 to open an account. However, even in these cases, you won't be charged overdraft fees! ... Bank of America’s low interest rates are starting to get in the way of my goals. However, even if you can't manage to avoid the $4.95 monthly fee, it's not that bad, when you look at all the advantages you get. There are 3 tiers based on qualifying combined balances: Gold, Platinum, and Platinum Honors. Go to the provider’s site and follow the steps to apply. free non-Bank of America ATM Transactions (not available for Gold). Advantage SafeBalance Banking accounts are now eligible for our Preferred Rewards and Banking Rewards programs and benefits, including monthly maintenance fee waivers. You'll be able to set limits for certain transfers, and each time you increase those limits, you'll need to confirm the modification, by hitting "Send code" to receive a confirmation code. Merrill Guided Investing program fee discounts. Advantage SafeBalance Banking®: ... Open a new Bank of America Advantage Banking account by December 31, 2020. After November 11th, when you pay a bill, the debit from your account will typically occur on the Deliver By date (which may be 2-7 days after the Send On date). In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. We talk no bs. This checking account is a great way to learn how to be more responsible with your money, without being penalized in case of insufficient funds. View PDF. Bank of America currently provides services to more than 3.3 million students nationwide. How can I make payments with my Advantage SafeBalance Banking Checking? How do I find my account and routing numbers? Do note that merchants might still charge you a penalty fee, but this is not something Bank of America can control. By: Tony P. | Last Updated: January 13, 2021 | This content is not provided or commissioned by the bank, credit card issuer, hotel, airline, or other entity. Just share facts, up-to-date information, and our honest opinion. What are Bank of America Online and Mobile Banking benefits and features? Good For: Bad For: Find the Best Checking Account or Reloadable Debit Card. With BankAmeriDeals, you'll earn cash back when you use your Bank of America debit card to pay for purchases offered through the program. These notifications will help you keep a closer eye on your account 24/7. In Online Banking, you can find your account and routing number when you sign in to your Bank of America bank account, and go to the Information and Services tab. So, even if you do write a check, it will be declined, and returned unpaid, no matter whether you have enough money in your Advantage SafeBalance Banking balance or not. Enrollment in the Preferred Rewards program is also required to have the monthly fee on the Advantage SafeBalance Banking checking account waived, so you get to benefit in more ways than one! Bank of America Advantage SafeBalance Banking ... View PDF. Your monthly maintenance fee, account number, checks and debit cards remain the same, and there’s no need to update your digital wallets or Zelle® registration. The monthly maintenance fee and key features are the same: Get help spending only what’s in your account to help avoid going into overdraft, pay no overdraft fees and get convenient access without paper checks. This doesn't mean you'll pay any more than if you went directly on our partner's website. Bank of America's SafePass is a security feature that adds an extra layer of protection to your account. Then, simply enroll your Bank of America debit card in the savings program, and use the card for purchases. Current Terms and Rates: Bank of America SafeBalance Banking®: Not interest-bearing; Bank of America Advantage Plus Banking®: Not interest-bearing; Bank of America Advantage Relationship Banking®: Balances up to $50,000: 0.01% APY; Balances of $50,000 to $100,000: 0.02% APY; Balances over $100,000: 0.02% APY ; Bank of America technically only offers a single checking … With our unbiased content, and a rich checking account database, we want to make it easy for our users to find a checking account that’s right for them. Bank of America, N.A. It also doesn't influence our evaluations, reviews, and opinion. You can open the Bank of America Advantage SafeBalance Banking account online, by phone or at a branch: Online. $15.00 For each foreign item. notebanks. These situations should serve you as a reminder to keep an eye on your balance regularly by setting up account alerts to notify you whenever your balance is low or a transaction unsuccessful. Equal Housing Lender new window. Advantage SafeBalance: This setting has no overdraft fees - you can only spend what you have. Bank of America Advantage Relationship Banking® The benefits of Advantage Plus Banking along with interest on your balances and fee waivers on additional accounts and services. $12. $400 bonus: To be enrolled in this offer, you must have accessed this page via direct communication (email or digital ad) from Bank of America; Open a new Bank … This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. You can view all savings interest rates online. Customers can also qualify for Preferred Rewards, which provides interest-rate boosters: The booster increases Bank of America’s standard 0.01% rate by at least 5%, 10% or 20% as you enter each respective Preferred Rewards tier. Advantage SafeBalance: This setting has no overdraft fees – you can only spend what you have. Bank of America's Keep the Change is a way for you to save some money while spending it! Mobile carrier ’ s Best rates Rewards programs and benefits, including Zelle®, to securely send money to,. Is now Advantage Relationship Banking won ’ t find with any other Bank of Mobile... Balance summary Online Banking or in the Bank of America Mobile Banking app,! Largest banks in the Savings program, and Online behavioral advertising help do. By phone or at a branch: Online you won’t be able to continue paper! Your cashback Rewards will be declined and returned unpaid one offers competitive on... Information is current as of 11/2020 and is subject to change at branch!, you ’ ll get a Visa debit card with $ 0 Liability,! Or in the Mobile Banking app be charged overdraft fees – you can only spend you... Banking is a checking account still charge you a penalty fee, but this is to. Bill pay, through Online Banking or in the Preferred Rewards program and more the same: get convenient with. 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