Option 2: Decline-All. Overdraft Protection Transfer Fee. Additional fees , open Information for Additional fees. Bill Pay. No fee. Statement copies. Check Image Service Fee. Per statement cycle that includes a printed check image.
Fee is waived for Preferred Rewards clients. Printable check images from the last 12 months are available online. Check copies. Ordering checks. Depending on the style you choose.
Stop payment. Each request. Cashier's checks. Per check. Incoming wire transfers each. Foreign wire transfer; other banks may charge additional fees. Outgoing wire transfers each. Deposited item returned each. Domestic item. Foreign item. No fee on standard styles and discounts on certain styles. No Fee. Preferred Rewards clients get this fee waived. Check ImageService Fee. Transaction Limits , open Information for Transaction Limits.
Withdrawal Limit Fee. Transaction Limits. Overdraft Protection transfer fee. Statement copies each. No Monthly maintenance fee for each statement cycle that: Account owner is under the age of 18 At age 18 Minor Savings Account converts to a Bank of America Advantage Savings Account and applicable fees will apply.
For deposits, withdrawals, transfers, payments or balance inquirie. No Monthly maintenance fee for each statement cycle that you: Maintain enrollment in the Platinum Privileges program OR Enroll in the Preferred Rewards program and qualify for the Gold, Platinum or Platinum Honors tier first 4 savings accounts.
For deposits, withdrawals, transfers, payments or balance inquiries. Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here.
This compensation may impact how and where products appear on this site including, for example, the order in which they appear. These offers do not represent all available deposit, investment, loan or credit products. Bank of America offers a number of checking and savings accounts.
Like most banks, it charges monthly fees depending on the account you have, but it also has options for avoiding those fees. Depending on what type of account setting you have, the checking account monthly maintenance fee can vary. Additionally, each Bank of America checking account comes with this schedule of fees:. While there are no student-specific checking accounts, Bank of America will waive the maintenance fee for qualifying students.
As you can see, the annual percentage yield the bank offers is low compared with the national rate of 0. Maintaining minimum balances and making qualifying direct deposits are the easiest ways to avoid most Bank of America account fees. Some accounts will also waive fees based on your age.
Each account has its own requirements, so be sure the fee waiver information you have matches your account type. Check out the best accounts to help you save money and reach your financial goals! Just one account lets you avoid paying the monthly maintenance fee by receiving qualifying direct deposits:. Linking your eligible accounts can help you meet the balance requirement to avoid the monthly maintenance fee. Qualification for the Preferred Rewards program tiers is based on having an active Bank of America personal checking account and maintaining a three-month average combined balance across your Bank of America accounts.
Qualification for the Bank of America student waiver applies when an account holder is enrolled in an academic institution and is under the age of This waiver applies to the following accounts:. And even if your chosen bank does impose monthly fees, there are often ways to bypass these charges altogether.
Free checking and savings account options are available. And if you find an account that you want at a bank that does impose monthly fees, that bank may offer ways to avoid them. Typically, this involves meeting certain requirements for how you manage your funds. Shopping around thoroughly before choosing a new bank account can give you a chance to hold onto more of your hard-earned money. Consider how you typically bank, including your average daily account balance and whether or not you receive direct deposits.
Then, be sure to compare the features that are most important to you, like a high interest rate , ATM fee reimbursement and rewards on daily transactions. You should also examine whether the bank is FDIC-insured, offers overdraft fee protection or has in-branch banking if desired. Keep in mind that your banking needs may change over time, along with your habits and financial situation. Read this post in Spanish. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site.
Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
This content is powered by HomeInsurance. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions such as approval for coverage, premiums, commissions and fees and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Bank of America is one of the largest banks in the U.
You can find several different checking account options at B of A. Bank of America earned 3. The APYs for some products may vary by region.
The Advantage SafeBalance Banking checking account has safeguards in place to help you keep your spending within the bounds of your account balance. With this protection, you will not have to worry about overdraft fees.
You will not have access to paper checks with this account. But you will have the option to complete transactions with a debit card, Zelle and digital banking. However, you can have this fee waived if you are an eligible student under the age of 24 or if you enroll in the Preferred Rewards program.
Since you will not have the opportunity to overdraft this account, there are no overdraft fees. The Advantage Plus checking account offered by Bank of America offers standard features. You will have the option to add an overdraft protection transfer feature to your Advantage Plus account.
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