Bank of America Advantage Banking: Open a Checking Account Today (2024)

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Get the flexibility you deserve. Choose a checking account to meet you where you are in your journey.

Bank of America Advantage Banking: Open a Checking Account Today (2)

Parent-owned

SafeBalance Banking® for Family Banking

A parent-owned account that your child can use

Open now - SafeBalance Banking for Family Banking

$XXXX or $0

  • Parental controls and alerts on spending

  • No monthly fee until child is age 25adatext

  • Debit card and online access available for your child

For existing customersadatext, online application only

Simple

Advantage SafeBalance Banking

Simple banking with an easy-to-use experience

Open now - Advantage SafeBalance Banking

$XXXX or $0

  • Digital banking — no paper check writing

  • A great start for students and young adults — no monthly fee if under age 25adatext

  • Helps prevent overspending — no Overdraft Item Feesadatext

Flexible

Advantage Plus Banking

Flexible banking with more features and options

Open now - Advantage Plus Banking

$XXXX or $0

  • Digital banking with a variety of payment options

  • Multiple ways to waive your monthly maintenance fee, including direct deposit

  • Offers Balance Connect® for overdraft protectionadatext

Comprehensive

Advantage Relationship Banking

Comprehensive banking that unlocks additional benefits

Open now - Advantage Relationship Banking

$XXXX or $0

  • Earns interest

  • $0 monthly maintenance fee on up to 7 eligible accounts when you linkadatext them to your primary Relationship Banking account

  • No fees on select banking servicesadatext

Monthly maintenance fee

SafeBalance Banking® for Family Banking

$XXXX or $0

$0 for each statement cycle that:

You maintain a minimum daily balance of $XXXX or more in your account

OR

Your child is under age 25[1]

OR

An account owner is a member of the Preferred Rewards program.[2]

  1. Fiduciary accounts, including trust and estate accounts, do not qualify for the under the age of 25 requirement to waive the monthly maintenance fee. Additionally, accounts do not qualify for the under 25 qualifier to waive the monthly fee based on the age of the Payable on Death beneficiary. Please refer to the Personal Schedule of Fees for more information.
  2. For Preferred Rewards members in the Gold, Platinum, or Platinum Honors tiers, the monthly maintenance fee waiver applies to the first 4 checking and 4 savings accounts. The monthly maintenance fee waiver is unlimited for clients in the Diamond or Diamond Honors tiers. For Preferred Rewards program eligibility requirements, go to Preferred Rewards. For SafeBalance Banking® for Family Banking accounts, the parent owner can participate in the Preferred Rewards program but their child using the account cannot.

Monthly maintenance fee

Advantage SafeBalance Banking

$XXXX or $0

$0 for each statement cycle that:

You maintain a minimum daily balance of $XXXX or more in your account

OR

An account owner is under age 25[1]

OR

An account owner is a member of the Preferred Rewards program.[2]

  1. Fiduciary accounts, including trust and estate accounts, do not qualify for the under the age of 25 requirement to waive the monthly maintenance fee. Additionally, accounts do not qualify for the under 25 qualifier to waive the monthly fee based on the age of the Payable on Death beneficiary. Please refer to the Personal Schedule of Fees for more information
  2. For Preferred Rewards members in the Gold, Platinum, or Platinum Honors tiers, the monthly maintenance fee waiver applies to the first 4 checking and 4 savings accounts. The monthly maintenance fee waiver is unlimited for clients in the Diamond or Diamond Honors tiers. For Preferred Rewards program eligibility requirements, go to Preferred Rewards.

Monthly maintenance fee

Advantage Plus Banking

$XXXX or $0

$0 for each statement cycle that:

You maintain a minimum daily balance of $XXXX or more in your account

OR

You have at least 1 qualifying direct deposit of $XXXX or more made to your account

OR

An account owner is a member of the Preferred Rewards program[1]

  1. For Preferred Rewards members in the Gold, Platinum, or Platinum Honors tiers, the monthly maintenance fee waiver applies to the first 4 checking and 4 savings accounts. The monthly maintenance fee waiver is unlimited for clients in the Diamond or Diamond Honors tiers. For Preferred Rewards program eligibility requirements, go to Preferred Rewards.

Monthly maintenance fee

Advantage Relationship Banking

$XXXX or $0

$0 for each statement cycle that:

You maintain a minimum daily balance of $XXXX or more in your account

OR

An account owner is a member of the Preferred Rewards program[1]

  1. For Preferred Rewards members in the Gold, Platinum, or Platinum Honors tiers, the monthly maintenance fee waiver applies to the first 4 checking and 4 savings accounts. The monthly maintenance fee waiver is unlimited for clients in the Diamond or Diamond Honors tiers. For Preferred Rewards program eligibility requirements, go to Preferred Rewards.

Advantage
SafeBalance Banking

Simple banking with an easy-to-use experience

Open now - Advantage SafeBalance Banking

$XXXX or $0

  • Digital banking — no paper check writing
  • A great start for students and young adults — no monthly fee if under age 25adatext
  • Helps prevent overspending — no Overdraft Item Feesadatext

Flexible

Advantage
Plus Banking

Flexible banking with more features and options

Open now - Advantage Plus Banking

$XXXX or $0

  • Digital banking with a variety of payment options
  • Multiple ways to waive your monthly maintenance fee, including direct deposit
  • Offers Balance Connect® for overdraft protectionadatext

Comprehensive

Advantage
Relationship Banking

Comprehensive banking that unlocks additional benefits

Open now - Advantage Relationship Banking

$XXXX or $0

  • Earns interest
  • $0 monthly maintenance fee on up to 7 eligible accounts when you linkadatext them to your primary Relationship Banking account
  • No fees on select banking servicesadatext

Parent-owned

SafeBalance Banking®
for Family Banking

A parent-owned account that your child can use

Open now - SafeBalance Banking for Family Banking

$XXXX or $0

  • Parental controls and alerts on spending
  • No monthly fee until child is age 25adatext
  • Debit card and online access available for your child

For existing customersadatext, online application only

Simple

Advantage
SafeBalance Banking

Simple banking with an easy-to-use experience

Open now - Advantage SafeBalance Banking

$XXXX or $0

  • Digital banking — no paper check writing
  • A great start for students and young adults — no monthly fee if under age 25adatext
  • Helps prevent overspending — no Overdraft Item Feesadatext

Flexible

Advantage
Plus Banking

Flexible banking with more features and options

Open now - Advantage Plus Banking

$XXXX or $0

  • Digital banking with a variety of payment options
  • Multiple ways to waive your monthly maintenance fee, including direct deposit
  • Offers Balance Connect® for overdraft protectionadatext

Comprehensive

Advantage
Relationship Banking

Comprehensive banking that unlocks additional benefits

Open now - Advantage Relationship Banking

$XXXX or $0

  • Earns interest
  • $0 monthly maintenance fee on up to 7 eligible accounts when you linkadatext them to your primary Relationship Banking account
  • No fees on select banking servicesadatext

Monthly maintenance fee

SafeBalance Banking® for Family Banking

$XXXX or $0

$0 for each statement cycle that:

You maintain a minimum daily balance of $XXXX or more in your account

OR

Your child is under age 25[1]

OR

An account owner is a member of the Preferred Rewards program.[2]

  1. Fiduciary accounts, including trust and estate accounts, do not qualify for the under the age of 25 requirement to waive the monthly maintenance fee. Additionally, accounts do not qualify for the under 25 qualifier to waive the monthly fee based on the age of the Payable on Death beneficiary. Please refer to the Personal Schedule of Fees for more information.
  2. For Preferred Rewards members in the Gold, Platinum, or Platinum Honors tiers, the monthly maintenance fee waiver applies to the first 4 checking and 4 savings accounts. The monthly maintenance fee waiver is unlimited for clients in the Diamond or Diamond Honors tiers. For Preferred Rewards program eligibility requirements, go to Preferred Rewards. For SafeBalance Banking® for Family Banking accounts, the parent owner can participate in the Preferred Rewards program but their child using the account cannot.

Monthly maintenance fee

Advantage SafeBalance Banking

$XXXX or $0

$0 for each statement cycle that:

You maintain a minimum daily balance of $XXXX or more in your account

OR

An account owner is under age 25[1]

OR

An account owner is a member of the Preferred Rewards program.[2]

  1. Fiduciary accounts, including trust and estate accounts, do not qualify for the under the age of 25 requirement to waive the monthly maintenance fee. Additionally, accounts do not qualify for the under 25 qualifier to waive the monthly fee based on the age of the Payable on Death beneficiary. Please refer to the Personal Schedule of Fees for more information
  2. For Preferred Rewards members in the Gold, Platinum, or Platinum Honors tiers, the monthly maintenance fee waiver applies to the first 4 checking and 4 savings accounts. The monthly maintenance fee waiver is unlimited for clients in the Diamond or Diamond Honors tiers. For Preferred Rewards program eligibility requirements, go to Preferred Rewards.

Monthly maintenance fee

Advantage Plus Banking

$XXXX or $0

$0 for each statement cycle that:

You maintain a minimum daily balance of $XXXX or more in your account

OR

You have at least 1 qualifying direct deposit of $XXXX or more made to your account

OR

An account owner is a member of the Preferred Rewards program[1]

  1. For Preferred Rewards members in the Gold, Platinum, or Platinum Honors tiers, the monthly maintenance fee waiver applies to the first 4 checking and 4 savings accounts. The monthly maintenance fee waiver is unlimited for clients in the Diamond or Diamond Honors tiers. For Preferred Rewards program eligibility requirements, go to Preferred Rewards.

Monthly maintenance fee

Advantage Relationship Banking

$XXXX or $0

$0 for each statement cycle that:

You maintain a minimum daily balance of $XXXX or more in your account

OR

An account owner is a member of the Preferred Rewards program[1]

  1. For Preferred Rewards members in the Gold, Platinum, or Platinum Honors tiers, the monthly maintenance fee waiver applies to the first 4 checking and 4 savings accounts. The monthly maintenance fee waiver is unlimited for clients in the Diamond or Diamond Honors tiers. For Preferred Rewards program eligibility requirements, go to Preferred Rewards.
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Bank of America Advantage SafeBalance Banking® for Family Banking

  • Bank of America Advantage Banking: Open a Checking Account Today (3) $0 Liability Guaranteeadatext
  • Bank of America Advantage Banking: Open a Checking Account Today (4) Custom alerts adatext
  • Bank of America Advantage Banking: Open a Checking Account Today (5) Erica® virtual financial assistant age 13+ adatext
  • Bank of America Advantage Banking: Open a Checking Account Today (6)
  • Bank of America Advantage Banking: Open a Checking Account Today (7) Parent can withdraw and deposit money with
  • Bank of America Advantage Banking: Open a Checking Account Today (8) Optional child debit card and Online Banking login
  • Bank of America Advantage Banking: Open a Checking Account Today (9) Child can withdraw, but not deposit money

Bank of America Advantage SafeBalance Banking®

  • Bank of America Advantage Banking: Open a Checking Account Today (10) $0 Liability Guaranteeadatext
  • Bank of America Advantage Banking: Open a Checking Account Today (11) Custom alertsadatext
  • Bank of America Advantage Banking: Open a Checking Account Today (12) Erica® virtual financial assistantadatext
  • Bank of America Advantage Banking: Open a Checking Account Today (13)
  • Bank of America Advantage Banking: Open a Checking Account Today (14)

    Bank On certified

    SafeBalance® is certified as meeting Bank On National Account Standards for safe and affordable bank accounts.

Bank of America Advantage Plus Banking®

  • Bank of America Advantage Banking: Open a Checking Account Today (15) $0 Liability Guaranteeadatext
  • Bank of America Advantage Banking: Open a Checking Account Today (16) Custom alertsadatext
  • Bank of America Advantage Banking: Open a Checking Account Today (17) Erica® virtual financial assistantadatext
  • Bank of America Advantage Banking: Open a Checking Account Today (18)

Bank of America Advantage Relationship Banking®

  • Bank of America Advantage Banking: Open a Checking Account Today (19) $0 Liability Guaranteeadatext
  • Bank of America Advantage Banking: Open a Checking Account Today (20) Custom alertsadatext
  • Bank of America Advantage Banking: Open a Checking Account Today (21) Erica® virtual financial assistant adatext
  • Bank of America Advantage Banking: Open a Checking Account Today (22)
  • Bank of America Advantage Banking: Open a Checking Account Today (23) adatext
  • Bank of America Advantage Banking: Open a Checking Account Today (24) No fees on
  • Bank of America Advantage Banking: Open a Checking Account Today (25) $0 monthly maintenance fee on up to 7 eligible accounts when you linkadatext them to your primary Advantage Relationship Banking account

SafeBalance Banking® for Family Banking

$XXXX or $0

$0 for each statement cycle that:

You maintain a minimum daily balance of $500 or more in your account

OR

Your child is under age 25adatext

OR

An account owner is a member of the Preferred Rewards programadatext

Advantage Safebalance Banking

$XXXX or $0

$0 for each statement cycle that:

You maintain a minimum daily balance of $500 or more in your account

OR

An account owner is under age 25adatext

OR

An account owner is a member of the Preferred Rewards programadatext

Advantage Plus Banking

$XXXX or $0

$0 for each statement cycle that:

You maintain a minimum daily balance of $1,500 or more in your account

OR

You have at least 1 qualifying direct deposit of $250 or more made to your account

OR

An account owner is a member of the Preferred Rewards programadatext

Advantage Relationship Banking

$XXXX or $0

$0 for each statement cycle that:

You maintain a minimum daily balance of $20,000 or more in your account

OR

An account owner is a member of the Preferred Rewards programadatext

Parental controls

As the parent owner, you can set limits on your child's spending for amounts and certain categories.

Limitations on parent deposits

As the parent, you can add money to this account by:

  • Transfer from your Bank of America checking or savings accounts
  • Mobile check deposit
  • ATM

This account does not offer external money transfers into the account, including direct deposit, wires, ACH transactions and transfers from other banks.

Child login at age 6 or older with limitations

This account provides a limited online experience for your child.

Children age 6 or older can have their own Online Banking login and can:

  • View account balances
  • Monitor transactions
  • Set alerts

Here are some things they can't do:

  • See or access your other Bank of America accounts
  • Deposit money
  • Lock or unlock their debit card

For a full list of what your child can do with this account, refer to the Personal Schedule of Fees.

Direct deposit

When you set up direct deposit, your paycheck or other recurring deposits are sent to your account automatically.

Earns interest

APY (Annual Percentage Yield)

Balance: Less than $50,000

APY: 0.01%

Balance: $50,000 and over

APY: 0.02%

Select banking services

Select banking services include:

  • Standard checks
  • Incoming domestic wires
  • Stop payments
  • Outgoing wires sent in foreign currency
  • Statement paper copies

See the Personal Schedule of Fees for details

Zelle®

A fast and easy way to send and receive money online with friends and family.

Eligible Bank of America account and login

To open a SafeBalance for Family Banking account, you must already have a personal Bank of America checking or savings account. Small business and Merrill Lynch accounts do not qualify.

You must also have an Online Banking login.

Balance Connect® for overdraft protection

You can link up to 5 eligible Bank of America accounts to this checking account to cover transactions. When there isn't enough money in your checking account to pay for an item, available funds are automatically transferred from the linked backup accounts to your checking account. There’s no transfer fee, but other charges may apply. For example, transfers from a linked credit card or HELOC may result in interest charges.

Overdraft settings:
Standard or Decline All

Choose how you want us to handle checks and scheduled payments when there isn’t enough money in your checking account to cover transactions.

We won't authorize ATM withdrawals or debit card purchases when there’s not enough money in your account to cover the transactions. For other payments, at our discretion, we may authorize and pay the item and overdraw your account (an overdraft item), or decline or return the item unpaid (a returned item). Review the Deposit Agreement and Disclosures and Personal Schedule of Fees for details.

Standard setting

Your checks and scheduled payments may be paid and cause an overdraft. There’s a $10 fee[1] when we make the payment and overdraw your account. We won’t charge a fee for the returned items, but the payee may.

Decline All setting

Your checks and scheduled payments will be declined or returned unpaid. We won’t charge a fee for returned items, but the payee may.

1. We’ll charge an Overdraft Item Fee for each item that we authorize and pay, including recurring debit card payments. We will not charge a fee to your account when we decline or return an item unpaid; however, you may be charged a fee by the payee. Please see the Personal Schedule of Fees for your account for more details.

To view all fees and additional information on how to link eligible accounts, see the Personal Schedule of Fees.

Helping keep your account secure

Bank of America Advantage Banking: Open a Checking Account Today (26)

$0 Liability Guarantee fraud protection

Promptly tell us if your debit card is lost or stolen, and we'll credit unauthorized transactions back to your account. You could see credits as soon as the next business dayadatext.

Bank of America Advantage Banking: Open a Checking Account Today (27)

Fast, secure sign-in

Log in to our mobile app with Touch ID®, Face ID® or your fingerprint.adatext

Bank of America Advantage Banking: Open a Checking Account Today (28)

Custom alerts

Set alertsadatext for account changes, like unusual activity, payments and more.

Bank of America Advantage Banking: Open a Checking Account Today (29)

Debit card controls

Lock a debit cardadatext to prevent unauthorized use, request a digital cardadatext and more.

Digital tools to help you in your day-to-day

Bank of America Advantage Banking: Open a Checking Account Today (30)

Bank of America Advantage Banking: Open a Checking Account Today (31)

Bank of America Advantage Banking: Open a Checking Account Today (32)

Manage your account on the go with our mobile appadatext

Bank of America Advantage Banking: Open a Checking Account Today (33)

Bank of America Advantage Banking: Open a Checking Account Today (34)

Digital tools to help you in your day-to-day

Bank of America Advantage Banking: Open a Checking Account Today (35)

Better budgeting

Track your spending with our interactive Spending and Budgeting tool.adatext

Bank of America Advantage Banking: Open a Checking Account Today (36)

Mobile deposits

Deposit checks with the camera on your device and our mobile app.adatext

Bank of America Advantage Banking: Open a Checking Account Today (37)

Erica® virtual financial assistant

Ericaadatext makes it easy for you to stay on top of your finances.

Manage your account on the go with our mobile appadatext

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Bank of America Advantage Banking: Open a Checking Account Today (39)

Earn rewards and save with Bank of America

Bank of America Advantage Banking: Open a Checking Account Today (40)

Keep the Change®

Build your savings with Keep the Change. We’ll round up your Bank of America debit card purchases to the nearest dollar and transfer the difference to your Bank of America savings.adatext

Learn more about Keep the Change

Bank of America Advantage Banking: Open a Checking Account Today (41)

BankAmeriDeals®

Log in to your account to add deals for select restaurants and stores.adatext Get up to 10% cash back when you pay with your eligible Bank of America debit or credit card.

Learn more about BankAmeriDeals

Bank of America Advantage Banking: Open a Checking Account Today (42)

Preferred Rewards

Earn rewards when you have a Bank of America checking account and $20,000 or more across eligible accounts. Save on fees, get a 25%-75% bonus on certain credit cards, receive lending discounts and more.

Learn more about Preferred Rewards

Just starting out?

There is no monthly maintenance fee on our Advantage Safebalance Banking account if you're under age 25.adatext

Learn more about banking for students and young adults

Resources to help you achieve your financial goals

Online Banking

Have an account with us, but need online access? Enroll in Online Banking today.

Enroll now

Better Money Habits®

Find videos, articles and tips to help you better manage your financial life.

Learn more about Better Money Habits

New to the U.S.?

Better Money Habits has resources on navigating your finances.

Learn more about resources on navigating your finances

Frequently asked questions

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Bank of America Advantage Banking: Open a Checking Account Today (2024)
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