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SafeBalance Banking® Account

SafeBalance Banking® Account from Bank of America SafeBalance Banking is an alternative to traditional checking accounts that offers a predictable monthly maintenance fee and protection against overdrafts.

Alternative banking that helps you avoid overdrawing your account

If you need help spending only what's in your account but also want many of the same features of a traditional checking account, SafeBalance Banking® may be right for you.

With SafeBalance Banking:

  • You can't write paper checks. Instead you can pay individuals and businesses using a debit card, Online Bill Pay or transfersFootnote1 from your computer or mobile device.Footnote2
  • You get extra help protecting against overdrawing your accountFootnote3
  • You'll have a predictable $4.95 monthly maintenance fee

Safe Balance Banking Is it right for you?

Is it right for you?

SafeBalance Banking isn't for everyone, but it might be good for you if:

  • You don't need paper checks
  • You need extra help spending only what's in your account and avoiding overdraft feesFootnote3
  • You're looking for a consistent, low monthly fee

While SafeBalance Banking comes with many of the features and benefits of our traditional checking accounts, important differences include:

  • No check-writing: You cannot use paper checks with this account. SafeBalance Banking does come with other convenient ways to pay individuals or businesses that help you manage your account balance—Online Bill Pay or transfersFootnote1 from your computer or mobile device.Footnote2
  • Predictable monthly fee: The monthly maintenance fee will be the same each monthly statement cycle, regardless of your account activity or balance.
  • No bank overdraft fees: We do not charge overdraft fees on this account.Footnote8 To help you avoid overdrawing your account, transactions will be declined and returned unpaid when you don't have enough money in your account. While this account prevents you from overdrawing in most cases, there may still be times when your account could have a negative balance. This could happen if a transaction is authorized for one amount, but the actual charge is more than the money in your account. For example, when you use your debit card for a meal and then add a tip. In this situation, the full payment may go through and result in a negative balance on your account, but we will not charge you an overdraft fee.

For a more complete understanding of the SafeBalance Banking account and how it works, please view our easy-to-read Clarity Statement®.

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Bank of America Core Checking®

Continuar en inglés

La información que se encuentra a continuación está disponible sólo en inglés en la actualidad.

Las solicitudes y los documentos asociados con productos y servicios específicos podrían estar disponibles sólo en inglés. Antes de escoger un producto, por favor asegúrese de haber leído y entendido todos los términos y condiciones provistas.

Seleccione Continuar en inglés para obtener más información. Usted también puede contactarnos en español llamando al 1.800.688.6086 para obtener más información sobre nuestros productos.

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