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Checking Accounts

I want to keep it simple

Bank of America Core Checking®

A straightforward personal checking solution — good for those with direct deposit.
per month
I want more

Bank of America Interest Checking®

For those who keep high balances and want multiple interest-earning accounts with complimentary services.
per month

Learn more about eligibility

Students under age 23 are eligible for a waiver of the monthly maintenance fee while enrolled in a high school or in a college, university or vocational program. Please refer to your Personal Schedule of Fees for details.

Not sure? Compare checking accounts

Comparison of Accounts
Bank of America Core Checking® Bank of America Interest Checking®
Monthly maintenance fee waived for students under the age of 23 This feature is available for Bank of America Core Checking®This feature is not available for Bank of America Interest Checking®
Access to thousands of Bank of America ATMs and financial centers This feature is available for Bank of America Core Checking®This feature is available for Bank of America Interest Checking®
Additional checking or savings accounts with no monthly maintenance feeFootnote2 This feature is not available for Bank of America Core Checking® This feature is available for Bank of America Interest Checking®
No fee Overdraft Protection transfers from linked Bank of America deposit accountFootnote3 This feature is not available for Bank of America Core Checking® This feature is available for Bank of America Interest Checking®
Earns interest This feature is not available for Bank of America Core Checking® This feature is available for Bank of America Interest Checking®
No fee for incoming domestic wire transfers This feature is not available for Bank of America Core Checking® This feature is available for Bank of America Interest Checking®
Minimum opening deposit For Bank of America Core Checking®, For Bank of America Interest Checking®,
No maintenance fee for each statement cycle that you: For Bank of America Core Checking®, Have at least one qualifying direct deposit of or more Maintain an average daily balance of or more The average daily balance in eligible linked checking, savings and money market savings accounts for the statement cycle The current balances in linked personal CDs and IRAs at the end of the Interest Checking statement cycle The current balance (2 business days before the end of the Interest Checking statement cycle) in your eligible linked Merrill Edge® and Merrill Lynch® investment accounts
Or pay /month

Preferred Rewards clients get this fee waived
Or pay /month

Preferred Rewards clients get this fee waived
For more information View the Bank of America Core Checking Clarity Statement® View the Bank of America Interest Checking Clarity Statement®

Other types of accounts

SafeBalance Banking®

Get help avoiding overdraft fees by spending only what's in your account.

Small business owner?

Bank of America business checking solutions are designed to fit a variety of businesses and come with all the features your active business needs.
All checking accounts come with: All checking accounts come with:
Total Security Protection®
The debit card for your checking account comes with our Total Security Protection® package — including our $0 Liability GuaranteeFootnote4 (fraudulent charges are credited back to your account as soon as the next business day) and fraud monitoring (we monitor how and where your card is being used). Plus, you can add your photo on your eligible card to help protect you if it's lost or stolen.

Why choose Bank of America

Why choose Bank of America

Earn more. Save more.

Get cash back with BankAmeriDeals®Footnote15 or round up the savings with Keep the Change®Footnote16

Preferred Rewards

Get more rewards with your everyday banking

Unlimited access

Access to our network of financial centers, ATMs, and Online, MobileFootnote7 and TextFootnote17 Banking

Resources to help you manage your money

There's a misconception that to be good with money

you need a lot of it.

Not true

What you need to be "good" with money is everyday management.

Whether you're planning for yourself

or for your whole family,

there are three basic steps you can take

to make most of your money:

One, create a budget

Two, set savings goals.

And three, tackle your debts.

When put into practice,

these steps can have a big impact

not only on your monthly budget

but on your overall financial future.

One of the first steps to better money management

is to create a budget

and stick to it.

This might sound simple,

but you'd be surprised how few people actually do it.

You can think of your budget as your guide

to reaching your financial and personal goals.

If you have trouble covering all your expenses each month,

a budget can help you overspending.

That’s because your budget can help you see

and understand exactly where your money is going,

and whether or not your spending is in line

with your personal goals.

The next step is to set savings goals.

With your budget in place,

building your savings will be that much easier

because you'll know how much extra money you have each month

to allot to your goals.

One of the best savings goals to start with

is an emergency fund.

Building up an emergency fund to help cover

unexpected expenses

like a sudden medical bill,

major home or car repair,

or even a job loss

can help you avoid going into debt

when life throws you into a curve ball,

which it will.

Instead of borrowing money to cover these emergencies,

you'll already have the money saved up

and this could end up saving you a lot more money in the long run.

Start by building up three months worth

of expenses as a goal.

Once you've established an Emergency Fund,

and are living within your budget,

you can then figure out some long-term savings goals.

Whether you decide to plan for your retirement,

or save for a home improvement,

college, or even a well-deserved vacation,

you'll be better able to set aside some money,

and have a timeline for reaching your goals.

The third step is to tackle any debts you have.

First, as you're working to pay them down,

you'll probably want to stop adding to the debts

you already have.

The less debt you have,

the easier it'll be to get out from under it.

It could also be helpful to know

what your debt is costing you each month.

Once you know how much your debt costs,

you can create a plan that helps you reduce it

and eventually pay it off.

The sooner you get started, the more money you can save.

It's worth nothing that managing your debt

and you savings go hand in hand.

For instance,

if you have a debt with a very high interest rate,

it may make sense to focus on paying it down at the same time,

or even before you build your entire emergency fund.

As you make a plan to tackle your debt,

setting target goals can help you stay on track

as you actually see and feel the progress you're making.

These three steps are the basic components

of the money management.

And it's easy to see how they can work together.

By keeping a budget,

you'll know what you have available to accomplish your savings goals

and tackle your debts.

Having an emergency fund

can help you avoid adding any new debt.

And occasionally checking in,

reviewing your budget from time to time,

can help you set long-term savings goals

like a down-payment on a home,

as your priorities and circumstances change.

Now that you have an understanding of the basics,

why not take the next step?

Being smarter with you money,

learning new tips and techniques,

can help you today and down the road.

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