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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.

SafeBalance®

Checkless banking 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 SafeBalance®:

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

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

  • 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 an owner of this account under age 25 and qualify as a Studentadatext

OR

Are an owner of this account under age 18

OR

Are enrolled in Preferred Rewardsadatext

To view all fees see the Personal Schedule of Fees. You can also refer to our Clarity Statement for additional information.

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

Bank of America Advantage SafeBalance Banking®

About SafeBalance®:

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

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

  • 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 an owner of this account under age 25 and qualify as a Studentadatext

OR

Are an owner of this account under age 18

OR

Are enrolled in Preferred Rewardsadatext

To view all fees see the Personal Schedule of Fees. You can also refer to our Clarity Statement for additional information.

Bank of America Advantage Plus Banking®

About Advantage Plus:

  • Multiple ways to waive the monthly fee
  • Option to set up Balance Connect® for overdraft protectionadatext
  • 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:

To view all fees see the Personal Schedule of Fees. You can also refer to our Clarity Statement for additional information.

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 protectionadatext
  • 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:

To view all fees see the Personal Schedule of Fees. You can also refer to our Clarity Statement for additional information.

Bank of America Advantage Relationship Banking®

About Advantage Relationship:

  • No fees on select services and no fees on additional eligible accounts that you ask us to linkadatext
  • Earns interest See rates
  • Option to set up Balance Connect® for overdraft protectionadatext
  • 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:

To view all fees and additional information on how to link eligible accounts, see the Personal Schedule of Fees. You can also refer to our Clarity Statement for additional information.

Effective November 3, 2023, we will no longer use a combined balance of $10,000 as a way to avoid the monthly maintenance fee. Instead, to avoid the monthly maintenance fee you will need to maintain a minimum daily balance of $20,000 or more in your Advantage Relationship Banking account during each statement cycle.adatext

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 no fees on additional eligible accounts that you ask us to linkadatext
  • Earns interest See rates
  • Option to set up Balance Connect® for overdraft protectionadatext
  • 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:

To view all fees and additional information on how to link eligible accounts, see the Personal Schedule of Fees. You can also refer to our Clarity Statement for additional information.

Effective November 3, 2023, we will no longer use a combined balance of $10,000 as a way to avoid the monthly maintenance fee. Instead, to avoid the monthly maintenance fee you will need to maintain a minimum daily balance of $20,000 or more in your Advantage Relationship Banking account during each statement cycle.adatext

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,adatext your virtual banking assistant.

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

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

Convenient ways to pay

24/7 security

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

Total Security Protection® and fraud monitoring. Safer login,adatext card locking featuresadatext and more.

Total Security Protection® and fraud monitoring. Safer login,adatext card locking featuresadatext 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 login,adatext card locking featuresadatext and more.

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

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

Smart money management tools

Smart money management tools

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

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

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

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 a Student under age 25adatext
OR
Be under age 18
OR
Be enrolled in Preferred Rewardsadatext
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 Rewardsadatext
We’ll waive the Monthly Maintenance Fee each statement cycle that you:
Maintain a combined balance of $XXXX or more in any eligible accounts you ask us to link Learn about combined balances
OR
Are enrolled in Preferred Rewardsadatext
To view all fees and additional information on how to link eligible accounts, see the Personal Schedule of Fees You can also refer to our Clarity Statement for additional information.
Effective November 3, 2023, we will no longer use a combined balance of $10,000 as a way to avoid the monthly maintenance fee. Instead, to avoid the monthly maintenance fee you will need to maintain a minimum daily balance of $20,000 or more in your Advantage Relationship Banking account during each statement cycle.adatext
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)adatext
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.adatext This determines how we handle transactions when you have insufficient funds.
At account opening, choose an Overdraft Setting.adatext This determines how we handle transactions when you have insufficient funds.
Balance Connect® for Overdraft Protectionadatext
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.
There is no transfer fee however other fees and charges may apply.
Yes
You can link an eligible Bank of America account to cover transactions that exceed your account balance.
There is no transfer fee however other fees and charges may apply.
Overdraft Item feeadatext
N/A
Transactions will be declined or returned unpaid when they exceed your balance.
$10
Applies to each item that we pay into overdraft.
$10
Applies to each item that we pay into overdraft.
Refer to the Advantage SafeBalance Clarity Statement for more details
Refer to the Advantage Plus Clarity Statement for more details
Refer to the Advantage Relationship 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 Guaranteeadatext 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 depositsadatext

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.adatext Track your habits and set up budgets to take more control over your money.

Debit card controlsadatext

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 alertsadatext 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 Guaranteeadatext 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 depositsadatext

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.adatext Track your habits and set up budgets to take more control over your money.

Debit card controlsadatext

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 alertsadatext 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 there is no monthly maintenance fee for Students under 25.adatext

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?

|

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 a Student under age 25adatext

OR

Be under age 18

OR

Be enrolled in Preferred Rewardsadatext

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 Rewardsadatext

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

OR

Be enrolled in Preferred Rewardsadatext

Effective November 3, 2023, we will no longer use a combined balance of $10,000 as a way to avoid the monthly maintenance fee. Instead, to avoid the monthly maintenance fee you will need to maintain a minimum daily balance of $20,000 or more in your Advantage Relationship Banking account during each statement cycle.adatext

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)adatext

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.adatext This determines how we handle transactions when you have insufficient funds.

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

Balance Connect® for Overdraft Protectionadatext

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.

There is no transfer fee however other fees and charges may apply.

Yes

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

There is no transfer fee however other fees and charges may apply.

Overdraft Item feeadatext

N/A

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

$10

Applies to each item that we pay into overdraft.

$10

Applies to each item that we pay into overdraft.

Refer to the Advantage SafeBalance Clarity Statement for more details

Refer to the Advantage Plus Clarity Statement for more details

Refer to the Advantage Relationship 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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