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Bank of America Advantage Banking

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Here's how it works

Bank 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.

Advantage SafeBalance

All the essentials with flexible ways to pay

Advantage Plus

Everyday banking with more ways to waive the monthly fee

Advantage Relationship

Perks for higher balances, like fee waivers and interest

Bank of America Advantage SafeBalance Banking®

About Advantage SafeBalance:

  • A smart start for students – no monthly fee for Students under 25

  • Helps keep you from spending more than you have — no overdraft fees

  • Sole ownership for ages 16+
Open now
Open a SafeBalance account now

$XXXX or $0 monthly fee

We'll waive the monthly maintenance fee each statement cycle that you:

Are enrolled in Preferred Rewards

OR

An account owner is under age 25 and qualifies as a Student

You can always refer to our clarity statement if you have questions about your account.

Not sure if SafeBalance is right for you? Answer 4 questions to help find your fit

Bank of America Advantage SafeBalance Banking®

About Advantage SafeBalance:

  • A smart start for students – no monthly fee for Students under 25

  • Helps keep you from spending more than you have — no overdraft fees

  • Sole ownership for ages 16+
Open a SafeBalance account now

$XXXX or $0 monthly fee

We'll waive the monthly maintenance fee each statement cycle that you:

Are enrolled in Preferred Rewards

OR

An account owner is under age 25 and qualifies as a Student

You can always refer to our clarity statement if you have questions about your account.

Bank of America Advantage Plus Banking®

About Advantage Plus:

  • Multiple ways to waive the monthly fee
  • Option to set up Balance Connect™ for overdraft protection
  • Option to buy paper checks
Open now
Open an Advantage Plus account now

$XXXX or $0 monthly fee

We'll waive the monthly maintenance fee each statement cycle that you:

  • Have at least one qualifying direct deposit of $XXXX+ Learn about qualifying direct deposits
    • OR
  • Maintain a $XXXX minimum daily balance
    • OR
  • Are enrolled in Preferred Rewards
    • OR
  • An account owner is under age 25 and qualifies as a Student
    • OR

Note: Effective February 18, 2022, the student waiver will no longer be available to be applied to an Advantage Plus account.

You can always refer to our clarity statement if you have questions about your account.

Not sure if Plus is right for you? Answer 4 questions to help find your fit

Bank of America Advantage Plus Banking®

About Advantage Plus:

  • Multiple ways to waive the monthly fee
  • Option to set up Balance Connect™ for overdraft protection
  • Option to buy paper checks
Open an Advantage Plus account now

$XXXX or $0 monthly fee

We'll waive the monthly maintenance fee each statement cycle that you:

  • Have at least one qualifying direct deposit of $XXXX+ Learn about qualifying direct deposits
    • OR
  • Maintain a $XXXX minimum daily balance
    • OR
  • Are enrolled in Preferred Rewards
    • OR
  • An account owner is under age 25 and qualifies as a Student
    • OR

Note: Effective February 18, 2022, the student waiver will no longer be available to be applied to an Advantage Plus account.

You can always refer to our clarity statement if you have questions about your account.

Bank of America Advantage Relationship Banking®

About Advantage Relationship:

  • No fees on select services and additional accounts
  • Earns interest See rates
  • Option to set up Balance Connect™ for overdraft protection
  • Paper checks available (no charge or discounted depending on check style)
Open now
Open an Advantage Relationship accountnow

$XXXX or $0 monthly fee

We'll waive the monthly maintenance fee each statement cycle that you:

You can always refer to our clarity statement if you have questions about your account.

Not sure if Relationship is right for you? Answer 4 questions to help find your fit

Bank of America Advantage Relationship Banking®

About Advantage Relationship:

  • No fees on select services and additional accounts
  • Earns interest See rates
  • Option to set up Balance Connect™ for overdraft protection
  • Paper checks available (no charge or discounted depending on check style)
Open an Advantage Relationship accountnow

$XXXX or $0 monthly fee

We'll waive the monthly maintenance fee each statement cycle that you:

You can always refer to our clarity statement if you have questions about your account.

What's the advantage?

Customize your account to fit your needs and experience our full scope of services

Customize your account to fit your needs and experience our full scope of services

Customize your account to fit your needs and experience our full scope of services

Easy, anytime access

Easy, anytime access

Visit us at thousands of financial centers and ATMs or have a quick chat with Erica, your virtual banking assistant.

Visit us at thousands of financial centers and ATMs or have a quick chat with Erica, your virtual banking assistant.

Visit us at thousands of financial centers and ATMs or have a quick chat with Erica, your virtual banking assistant.

Convenient ways to pay

24/7 security

Use your debit card, a digital wallet, or pay friends securely with Zelle® right from your phone.

Total Security Protection® and fraud monitoring. Safer sign-in, card locking features and more.

Total Security Protection® and fraud monitoring. Safer sign-in, card locking features and more.

Hello, I am Erica your virtual financial assistant. I make it easy for you to stay on top of your finances, from your app.

24/7 security

Convenient ways to pay

Total Security Protection® and fraud monitoring. Safer sign-in, card locking features and more.

Use your debit card, a digital wallet, or pay friends securely with Zelle® right from your phone.

Use your debit card, a digital wallet, or pay friends securely with Zelle® right from your phone.

Smart money management tools

Smart money management tools

Set custom alerts and savings goals. Get cash back deals and rewards customized for you.

Set custom alerts and savings goals. Get cash back deals and rewards customized for you.

Set custom alerts and savings goals. Get cash back deals and rewards customized for you.

 layer
Bank of America Advantage SafeBalance Banking®
OpenAdvantage Safe Balance now
Bank of America Advantage Plus Banking®
OpenAdvantage Plus now
Bank of America Advantage Relationship Banking®
OpenAdvantage Relationship now
Minimum opening deposit
$XXXX
$XXXX
$XXXX
Monthly maintenance fee
$XXXX or $0
$XXXX or $0
$XXXX or $0
How to avoid the monthly maintenance fee each statement cycle
Be enrolled in Preferred Rewards
OR
Have an account owner under age 25 who qualifies as a Student
Have at least one qualifying direct deposit of $XXXX+ Learn about qualifying direct deposits
OR
Maintain a $XXXX minimum daily balance
OR
Be enrolled in Preferred Rewards
OR
Have an account owner under age 25 who qualifies as a Student
Note: Effective February 18, 2022, the student waiver will no longer be available to be applied to an Advantage Plus account.
Maintain a combined balance of $XXXX or more in eligible linked accounts Learn about combined balances
OR
Be enrolled in Preferred Rewards
Ways to pay
Debit chip card
Zelle®
Digital Wallet
Debit chip card
Zelle®
Digital Wallet
Paper checks (if purchased)
Debit chip card
Zelle®
Digital Wallet
Paper checks (if requested/purchased)
APY (Annual Percentage Yield)
N/A
N/A
Balance
APY
XXXX
XXXX%
XXXX
XXXX%
XXXX
XXXX%
Overdraft policy and fees
What happens if I don't have enough money to cover a transaction?
Transactions will be declined or returned unpaid when you have insufficient funds.
At account opening, choose an Overdraft Setting. This determines how we handle transactions when you have insufficient funds.
At account opening, choose an Overdraft Setting. This determines how we handle transactions when you have insufficient funds.
Can I enroll in Overdraft Protection?
No
Overdraft Protection is not available for this account setting.
Yes
You can link an eligible Bank of America account to cover transactions that exceed your account balance. Fees may apply.
Yes
You can link an eligible Bank of America account to cover transactions that exceed your account balance. Fees may apply.
Overdraft Item fee
N/A
Transactions will be declined or returned unpaid when they exceed your balance.
$35
Applies to each item that we pay into overdraft.
$35
Applies to each item that we pay into overdraft.
Non-Sufficent Funds (NSF): Returned Item fee
N/A
Transactions will be declined or returned unpaid when they exceed your balance.
$35
Applies to each item that we decline or return unpaid.
$35
Applies to each item that we decline or return unpaid.
Refer to the Advantage Banking Clarity Statement for more details
Bank of America Advantage SafeBalance Banking®
OpenAdvantage Safe Balance now
Bank of America Advantage Plus Banking®
OpenAdvantage Plus now
Bank of America Advantage Relationship Banking®
OpenAdvantage Relationship now

 layer
Select two settings to compare
 
 
 

Compare layer
Here's what you'll get with each account setting
Here's what you'll get with each account setting

Fraud protection

Our $0 Liability Guarantee credits fraudulent transactions made with your debit card back to your account as soon as the next business day if your card is lost or stolen.

Mobile deposits

Deposit a check into your account using the camera on your smartphone or tablet and the Mobile Banking app. Don't worry: Check images are stored securely at the bank and never on your device.

Better budgeting

You can see the big picture with our interactive Spending and Budgeting tool. Track your habits and set up budgets to take more control over your money.

Debit card controls

Lock a missing card quickly and easily to prevent unauthorized use. Need your new card fast? Request a digital card through our mobile app. Cards can be added to a digital wallet for use at stores, cardless ATMs and more.

Custom alerts

Know now and react fast to important account changes. You can set custom alerts via email or text for things like a low balance, a pending deposit, an upcoming bill and more.

Here's what you'll get with each account setting

Fraud protection

Our $0 Liability Guarantee credits fraudulent transactions made with your debit card back to your account as soon as the next business day if your card is lost or stolen.

Mobile deposits

Deposit a check into your account using the camera on your smartphone or tablet and the Mobile Banking app. Don't worry: Check images are stored securely at the bank and never on your device.

Better budgeting

You can see the big picture with our interactive Spending and Budgeting tool. Track your habits and set up budgets to take more control over your money.

Debit card controls

Lock a missing card quickly and easily to prevent unauthorized use. Need your new card fast? Request a digital card through our mobile app. Cards can be added to a digital wallet for use at stores, cardless ATMs and more.

Custom alerts

Know now and react fast to important account changes. You can set custom alerts via email or text for things like a low balance, a pending deposit, an upcoming bill and more.

Open your account now layer

The student advantage

We remember what it's like just starting out. That's why we waive our monthly maintenance fee for Students under 25.

Learn more about student banking

Student waivers for Advantage SafeBalance and Advantage Plus

Students under age 24 are eligible for a waiver of the monthly maintenance fee for the Advantage SafeBalance and the Advantage Plus setting while enrolled in a high school, college, university or vocational program.

Please refer to your Personal Schedule of Fees for details.

Looking for more?

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Top Checking FAQs Learn smart money management Other accounts & resources More ways to save
Top Checking FAQs
How can I open a checking account with Bank of America? How do I enroll in Online Banking? How do I find my checking account number?
How can I open a checking account with Bank of America?

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.

How do I find my checking account number?

Sign in to Online Banking and select your account from the Accounts Overview page, then go to the Information & Services tab. Your account number can be displayed by clicking the Show link in the Account Details section.

Show me how to find my account numbers in Online Banking
Show me how to find my account numbers in Mobile Banking

See all checking FAQs

Let's get started

Open your account now layer

Change your mind? No problem. Call us or come in to switch settings.

Compare Settings

Bank of America Advantage SafeBalance Banking®Bank of America Advantage Plus Banking®Bank of America Advantage Relationship Banking®
Open nowOpen nowOpen now
Minimum opening deposit

$XXXX

$XXXX

$XXXX

Monthly maintenance fee

$XXXX

$XXXX

$XXXX

How to avoid the monthly maintenance fee each statement cycle

Be enrolled in Preferred Rewards

Students under age 24 may be eligible for a monthly maintenance fee waiver while enrolled in school.

Have at least one qualifying direct deposit of $XXXX+ Learn about qualifying direct deposits

OR

Maintain a $XXXX minimum daily balance

OR

Be enrolled in Preferred Rewards

Students under age 24 may be eligible for a monthly maintenance fee waiver while enrolled in school.

Maintain a combined balance of $XXXX or more in eligible linked accounts Learn about combined balances

OR

Be enrolled in Preferred Rewards

Ways to pay

Debit chip card

Zelle®

Digital Wallet

Debit chip card

Zelle®

Digital Wallet

Paper checks (if purchased)

Debit chip card

Zelle®

Digital Wallet

Paper checks (if requested/purchased)

APY (Annual Percentage Yield)

N/A

N/A

Balance
APY
XXXX
XXXX%
XXXX
XXXX%
XXXX
XXXX%

Overdraft policy and fees
What happens if I don't have enough money to cover a transaction?

Transactions will be declined or returned unpaid when you have insufficient funds.

At account opening, choose an Overdraft Setting. This determines how we handle transactions when you have insufficient funds.

At account opening, choose an Overdraft Setting. This determines how we handle transactions when you have insufficient funds.

Can I enroll in Overdraft Protection?

No

Overdraft Protection is not available for this account setting.

Yes

You can link an eligible Bank of America account to cover transactions that exceed your account balance. Fees may apply.

Yes

You can link an eligible Bank of America account to cover transactions that exceed your account balance. Fees may apply.

Overdraft Item fee

N/A

Transactions will be declined or returned unpaid when they exceed your balance.

$35

Applies to each item that we pay into overdraft.

$35

Applies to each item that we pay into overdraft.

Non-Sufficent Funds (NSF): Returned Item fee

N/A

Transactions will be declined or returned unpaid when they exceed your balance.

$35

Applies to each item that we decline or return unpaid.

$35

Applies to each item that we decline or return unpaid.

Refer to the Advantage Banking Clarity Statement for more details
Bank of America Advantage SafeBalance Banking®Bank of America Advantage Plus Banking®Bank of America Advantage Relationship Banking®
Open nowOpen nowOpen now
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