To receive exclusive benefits through Bank of America's free Preferred Rewards, you'll need an eligible Bank of America personal checking account, and a 3-month average combined balance of $20,000 in qualifying Bank of America deposit accounts and/or Merrill investment accounts. Bank of America offers deposit accounts, loans, credit cards, and investing services. Bank of America $100 Advantage Checking Account Offer. It is solely your responsibility to verify terms and conditions specific to a product or service you're interested in by visiting the provider's website directly. Advantage SafeBalance Banking accounts are now eligible for our Preferred Rewards and Banking Rewards programs and benefits, including monthly maintenance fee waivers. no fees on select services, including standard check orders, cashier's checks, incoming domestic wire transfers and more (the "more" depends on your tier). The monthly maintenance fee and key features are the same: Get help spending only what’s in your account to help avoid going into overdraft, pay no overdraft fees and get convenient access without paper checks. To waive the m… What are the account minimums for Bank of America Advantage SafeBalance? Then, you'll need to enter your debit card details. Bank of America's SafePass is a security feature that adds an extra layer of protection to your account. How does it compare to Bank of America? If your financial situation changes, you can switch to the setting that works best for you. Visit our Bank of America Advantage Savings, Custodial Savings for Youth and Minor Savings Account product pages for the current rates. Online and Mobile Banking with SafePass, and Online and Mobile Banking Security Guarantee. 2. The monthly fee can be waived if you are a student under 24, or if you are enrolled in Preferred Rewards. © 2020 Bank of America Corporation. You can always set up account alerts, so you stay on top of your money, and know when your balance is low or when there are unpaid items due to insufficient funds. The SafeBalance Banking account has a monthly maintenance fee of $4.95. Any action you take upon the information on this website is at your own risk. Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s, Bank of America Advantage SafeBalance Banking™, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. A checkless banking solution with no overdraft fees! Your monthly maintenance fee, account number, checks and debit cards remain the same, and there’s no need to update your digital wallets or Zelle® registration. Erica can help you with everyday banking tasks and inquiries, and a lot more! The Bank of America Advantage … All rights reserved. Bank of America currently provides services to more than 3.3 million students nationwide. $100. Advantage SafeBalance Banking®: ... Open a new Bank of America Advantage Banking account by December 31, 2020. Deposit Agreement and Disclosures Amended for Bank of America Advantage SafeBalance Banking® Account . Additional fees. Back to content. Deposited item returned. Account Comparison. What are Bank of America Online and Mobile Banking benefits and features? How do I qualify for Bank of America Preferred Rewards? If, on the other hand, you want free, no-fee checking or savings, and better interest rates you may want to look elsewhere. These ads are based on your specific account relationships with us. While Bank of America is one of the largest banks in the U.S. with over 5,000 locations and 16,000 ATMs. Open a BBVA Online Checking Account and Earn up to $250! Your cashback rewards will be credited to your Advantage SafeBalance Banking checking account within 30 days following redemption. $100. Customers have one savings account option: Bank of America Advantage Savings. … Bank of America has both the advantages and drawbacks inherent to its role as one of the world’s largest banks. foreign currency exchange rate discounts. Bank of America $100 Checking Offer. transfer money between your accounts, and send money to other people or businesses. If it happens that you don't have enough money to cover a transaction, Bank of America won't charge you any overdraft fees, but it also won't allow you to complete the transaction. If you link an Advantage SafeBalance account to your Advantage Relationship account, the balance will qualify toward the combined balance required to avoid the monthly fee on the Advantage Relationship account. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. How can I make payments with my Advantage SafeBalance Banking Checking? Monthly fee can be waived if you enroll in the Preferred Rewards program OR if you're a student enrolled in high school or college, and aged 24 or younger. Accounts you had linked to your Interest Checking account will remain linked to your Advantage Relationship Banking account. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. After November 20th, you can switch between any of the 3 Advantage Banking account settings if your financial needs change. Bank of America Advantage SafeBalance Banking™ ... Interest Checking is now Advantage Relationship Banking. Just share facts, up-to-date information, and our honest opinion. Sort_Audit: CC:00-53-5421NSB. Bank of America Advantage SafeBalance . Can I keep using my current account with no interruptions? Your Advantage SafeBalance Banking checking account can also go negative if your debit card is authorized for one amount, but the final is greater (such as adding a tip at a restaurant); or when there's a scheduled bill payment that's been deducted even though you didn't have enough money in your account; or if you are charged a fee by Bank of America (for example, a monthly maintenance fee), but you don't have enough to cover it. You can view all savings interest rates online. You can then track your program balance summary Online Banking or in the Mobile Banking app. $25. With each of these comes a set of benefits that you get to enjoy 12 months upon qualification! reduced origination fees on Bank of America's mortgages. By: Tony P. | Last Updated: January 13, 2021 | This content is not provided or commissioned by the bank, credit card issuer, hotel, airline, or other entity. See reverse. Whether you're a Gold, Platinum or Platinum Honors tier member of Bank of America's Preferred Rewards program, you'll get: As you can see, there are plenty of great perks, especially fee waivers on select products and services. The minimum opening deposit is $25. We receive compensation when you purchase products or services through those links. If we choose to promote something, it is only because we think it is worth it. Bank of America Advantage Plus Banking ... overdraft protection cash advance fees and will accrue interest at the Bank Cash Advance APR. Monthly maintenance fee: $4.95. Scroll down and click Advantage SafeBalance, then Open now. Good For: Bad For: Find the Best Checking Account or Reloadable Debit Card. Earn a $100 offer when you open a new Bank of America Advantage Account and meet all the requirements. Join the Preferred Rewards program to get better interest rates, credit card bonuses, ATM fee waivers and more. If accessing your account through Bank of America's Mobile Banking app, the information is available under "Account Details" after you've selected your account from Accounts Overview. chat with Erica (available in the Bank of America Mobile Banking app), and more. Their interest checking has several overdraft options in cases of accidental overdraw. make check deposits (but Advantage SafeBalance Banking is a checkless checking account, so this feature might not be relevant). Read our comparison chart below. Bank of America does not charge for this service but your mobile carrier's message and data rates may apply. See: Bank of America Interest Rates: How To Get the Bank’s Best Rates. After November 11th, when you pay a bill, the debit from your account will typically occur on the Deliver By date (which may be 2-7 days after the Send On date). To enroll in Preferred Rewards you need an eligible Bank of America® personal checking account and a 3-month average combined balance of $20,000 or more in qualifying Bank of America® banking accounts and/or Merrill Edge® and Merrill Lynch® investment accounts. What happens if I overdraw my Advantage SafeBalance Banking checking account? 0.05%. Statement copies. Make sure you have enough money in your account a few days before the scheduled delivery date and keep it available until the payment is deducted. With Advantage SafeBalance Banking, the monthly maintenance fee is waived for students under age 24. ... Bank of America’s low interest rates are starting to get in the way of my goals. In case you ever want to further develop your personal finance knowledge, you can explore Bank of America's Better Money Habits, which includes plenty of resources available for you to use, and learn how to build better money habits! The key features are the same: Earn interest on your balance, enjoy no-fee services, and link an additional 3 checking and up to 4 savings accounts with no monthly maintenance fee. The key features are the same: Earn interest on your balance, enjoy no-fee services, and link an additional 3 checking and up to 4 savings accounts with no monthly maintenance fee. Information is current as of 11/2020 and is subject to change. You can access your Bank of America checking account online or through the Bank of America Mobile Banking app using your device to: Bank of America uses different routing numbers for wire transfers and ACH transactions. Good For: Bad For: Bank of America Advantage Plus . We strive to provide you with information about products and services you might find interesting and useful. It has several perks you won’t find with any of its other accounts. Please refer to your Credit Card Agreement for additional details. does its best to ensure the information on the website is consistent, accurate, and up to date, it might differ from what you find on external websites (of financial institutions, service or product providers). Capital One offers competitive rates on their savings account. use Bank of America's Spending and Budgeting tool. Member FDIC. While notebanks. Advantage Banking is a checking account with 3 account settings for different financial needs. When you sign up for this account, you’ll get a Visa debit card that allows you to shop almost anywhere. With interactive charts broken down into categories, and long-term spending insights and trends, you'll be able to track your money habits, and stay on top of your finances. While you can't write checks, there are many other ways you can make payments as an Advantage SafeBalance Banking checking accountholder. Just like with any other bank, Bank of America lets you manage your account at your convenience, wherever you are, 24/7. Also, in Florida, Illinois, Missouri, and Texas, the bank has several routing numbers, which vary from location to location. If you're looking for a checking account that comes equipped with everything you need to manage your money, but that can also help you do it better, the Bank of America Advantage SafeBalance Banking is what you need. What you’ll get: $100 offer Eligible account: Bank of America Advantage Plus Banking, Bank of America Advantage Relationship Banking or a Bank of America Advantage SafeBalance Banking Credit inquiry: Soft pull You simply can't write checks. your Bank of America debit card (you can also link it to a digital wallet). is a young startup with a mission to help people learn about checking accounts, banking, and money management, so they can lead a better financial life. Core Checking is now Advantage Plus Banking. Bank of America ATM network and fees. These situations should serve you as a reminder to keep an eye on your balance regularly by setting up account alerts to notify you whenever your balance is low or a transaction unsuccessful. It also doesn't influence our evaluations, reviews, and opinion. Online and Mobile Banking transfers, including Zelle®, to securely send money to family, friends or colleagues. Bank of America Advantage SafeBalance Banking. Delivery of alerts may be affected or delayed by your mobile carrier’s coverage. To start saving, you need to have a Bank of America checking account with a debit card, as well as a Bank of America savings account. Check out other Bank of America checking account offers, These Checking accounts might also interest you. $12.00. $15.00 For each foreign item. SafePass also works when you want to add transfer recipients to your account. However, even if you can't manage to avoid the $4.95 monthly fee, it's not that bad, when you look at all the advantages you get. Opinions expressed here are the author’s alone and have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Bank of America Advantage SafeBalance offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). $400 bonus: To be enrolled in this offer, you must have accessed this page via direct communication (email or digital ad) from Bank of America; Open a new Bank … But it only earns 0.02% APY and it has a $25 monthly fee. With our unbiased content, and a rich checking account database, we want to make it easy for our users to find a checking account that’s right for them. The key features are the same: Get convenient access with multiple ways to waive the monthly maintenance fee and optional Overdraft Protection. Learn more about Preferred Rewards. Enrollment in the Preferred Rewards program is also required to have the monthly fee on the Advantage SafeBalance Banking checking account waived, so you get to benefit in more ways than one! Bank of America Advantage SafeBalance Banking ... View PDF. Back to top . (Which is not to say you should not monitor your balance, and be responsible with your money.). In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Yes. There are 3 tiers based on qualifying combined balances: Gold, Platinum, and Platinum Honors. We talk no bs. Erica's your virtual financial assistant, there for all your questions or requests. Things to Know Before Opening a BBVA Online Checking Account, enroll your Bank of America debit card in the savings program, Bank of America Advantage SafeBalance Banking Checking Account, Bank of America Advantage Plus Banking Checking Account, Bank of America Advantage Relationship Banking Checking Account, Comerica Bank Rich Rewards® Checking Account, Comerica Bank Comerica Platinum Circle Checking®. Once you've enrolled in Online and Mobile Banking, you'll be able to view offers automatically, and select the deals you want. Finally, in addition to all these unique features and services you get to enjoy with the Advantage SafeBalance Banking checking account, if you qualify for Bank of America's Preferred Rewards, you will receive even more benefits! Please note, you won’t be able to continue using paper checks if you switch into the Advantage SafeBalance account setting. The content on our website is presented without warranty. If you don't have money in your Advantage SafeBalance Banking checking account, any transaction will be declined and returned unpaid. View PDF. Footnote 5. no monthly maintenance fees on up to 4 eligible checking and 4 savings accounts from Bank of America. Since this waiver was introduced in June 2018, the number of students using Advantage SafeBalance Banking accounts has quadrupled. Bank of America's Keep the Change is a way for you to save some money while spending it! With BankAmeriDeals, you'll earn cash back when you use your Bank of America debit card to pay for purchases offered through the program. Customers can also qualify for Preferred Rewards, which provides interest-rate boosters: The booster increases Bank of America’s standard 0.01% rate by at least 5%, 10% or 20% as you enter each respective Preferred Rewards tier. Bank of America Advantage SafeBalance Banking Checking Account: $4.95 (can be waived) $25 : 0.00% : Bank of America Advantage Plus Banking Checking Account: $12 (can be waived) $100 : 0.00% : Bank of America Advantage Relationship Banking Checking Account: $25 (can be waived) $100 Bad For: Bank of America Advantage Relationship . $12. 1. However, even in these cases, you won't be charged overdraft fees! Bank of America Advantage Plus Banking ® Several ways to waive the monthly fee and optional services to help you manage your money your way. Go to the provider’s site and follow the steps to apply. A free Bank of America debit card with $0 Liability Guarantee, digital wallet, and card controls. If plenty of locations, one-stop convenience and online security are high on your list of priorities, Bank of America may be a good choice for you. Interest Checking is now Advantage Relationship Banking. Per transaction, greater of . This checking account is a great way to learn how to be more responsible with your money, without being penalized in case of insufficient funds. Once you've qualified, you need to enrolled in the Preferred Rewards program in Online Banking to get started. You can open the Bank of America Advantage SafeBalance Banking account online, by phone or at a branch: Online. OR . Of course, for many consumers, picking a bank is more about comparing the numbers than anything else. You'll also be able to set up customizable email, text, and mobile app alerts, so you always know what your current available balance is, when your debit card is used online, whether there were some suspicious account activity, but also when there are new BankAmeriDeals available or when some of them are about to expire. Set up and receive two qualifying direct deposits of $250 or more each within 90 days of opening your new account. Good For: No Overdraft Checking. It helps verify your identity by sending you a one-time, 6-digit code to your mobile device, which is required to authorize certain transactions in Online and Mobile Banking. Cash back deals are available in Bank of America Online Banking as well as on the Bank of America Mobile Banking app. Bank of America, N.A. Advantage SafeBalance: This setting has no overdraft fees – you can only spend what you have. free non-Bank of America ATM Transactions (not available for Gold). How to qualify. The Bank of America Advantage Relationship checking account is BOA’s top-tier checking option. Our content is our own. The Preferred Rewards is an exclusive program through which Bank of America rewards customers who manage to keep a certain amount of money in their eligible Bank of America accounts. Online and Mobile Bill Pay, through Online Banking or Bank of America's mobile banking app. You can get information about interest rates and fees for services not covered in this schedule by visiting a financial center or calling us at the number on your statement. In Online Banking, you can find your account and routing number when you sign in to your Bank of America bank account, and go to the Information and Services tab. 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