Bank of America Advantage Banking

Get the flexibility you deserve with three distinct accounts to meet you wherever you are in your journey.

SafeBalance®

Simple Banking with an easy-to-use experience

Advantage Plus Banking

Flexible Banking with more features and options

Advantage Relationship Banking

Comprehensive Banking that unlocks additional benefits

Which is best for you?

Let us help you find your fit

What's the advantage?

Customize your account to fit your needs and experience our full scope of services

Easy, anytime access

Visit us at thousands of financial centers and ATMs or have a quick chat with Erica,^Footnote[7] your virtual banking assistant.

Convenient ways to pay

24/7 security

Use your debit card, digital card for debit, a digital wallet or pay friends securely with Zelle^Footnote[8] right from your phone.

Total Security Protection^® and fraud monitoring. Safer login,^Footnote[9] card locking features^Footnote[10] 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,^Footnote[9] card locking features^Footnote[10] and more.

Use your debit card, digital card for debit, a digital wallet or pay friends securely with Zelle^Footnote[8] right from your phone.

Smart money management tools

Set custom alerts^Footnote[11] and savings goals.^Footnote[12] 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

$25

$100

Monthly maintenance fee

$4.95 or $0

$12 or $0

$25 or $0

How to avoid the monthly maintenance fee each statement cycle

An owner of this account is under the age of 25^{Footnote 1}

Or

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

Or

Are a member in our Preferred Rewards program^{Footnote 2}

Have at least one qualifying direct deposit of $250 or more made to your account

Or

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

Or

Are a member in our Preferred Rewards program^{Footnote 2}

We'll waive the monthly maintenance fee each statement cycle that you:

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

Or

Are a member in our Preferred Rewards program^{Footnote 2}

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.

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)^{Footnote 3}

N/A

Balance

APY

Less than $50,000

0.01%

$50,000 - $100,000

0.02%

$100,000 and over

0.02%

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.^{Footnote 4} This determines how we handle transactions when you have insufficient funds.

Balance Connect^® for Overdraft Protection^{Footnote 5}

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.

Overdraft Item fee^{Footnote 6}

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 SafeBalance Clarity Statement for more details

Refer to the Advantage Plus Banking Clarity Statement for more details

Refer to the Advantage Relationship Banking 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

Fiduciary titled accounts, including UTMA / UGMA, do not qualify for the under the age of 25 requirement to waive the monthly maintenance fee. Please refer to the Personal Schedule of Fees for more information.
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.
Annual Percentage Yield is accurate as of 06/06/2024. Applicable only to Bank of America Relationship Banking^™, which is a variable rate account. Rates may change at any time without prior notice. Fees could reduce earnings on the account. The minimum opening deposit for this account is $100.
The Deposit Agreement and Disclosures provides details about transaction processing and posting. They also explain how and when overdrafts may be paid, and how and when overdraft and returned item fees will be assessed with either overdraft setting.
Balance Connect^® for overdraft protection is an optional service which allows you to link up to five eligible backup accounts and can help you avoid overdrafts and declined or returned items. When you do not have enough funds in your checking account to pay for an item, available funds are automatically transferred from the linked backup account(s) to cover your transactions. There are no transfer fees when you use Balance Connect^®. It’s important to note that transfers from a linked credit card or HELOC may result in interest charges. Please see the Deposit Agreement and Disclosures for more information about eligibility and how Balance Connect^® transfers work.
We'll charge this fee for each item over $1 that we authorize and pay, including recurring debit card payments. However, we won't charge this fee if your account balance is overdrawn by $1 or less. No more than 2 Overdraft or Returned Item fees are charged per day.

Here's what you'll get with each account

Fraud protection

Our $0 Liability Guarantee^Footnote[16] 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 deposits^Footnote[17]

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.^Footnote[12] Track your habits and set up budgets to take more control over your money.

Debit and Digital Card Controls^Footnote[10]

Lock a physical or digital card quickly and easily to prevent unauthorized use. Or request a digital card anytime through our mobile app. Cards can be added to a digital wallet for use in stores, at ATM’s and more.

Custom alerts

Know now and react fast to important account changes. You can set custom alerts^Footnote[11] via email or text for things like a low balance, a pending deposit, an upcoming bill and more.

Answer 4 questions to help find your fit

Just starting out?

We remember what it's like just starting out. That's why there is no monthly maintenance fee for account owners under 25.^Footnote[2]

Learn more about student banking for students and young adults

Looking for more?

|

Let's get started

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 now	Open now	Open now
Open now	Open now	Open now
Minimum opening deposit
$25	$100	$100
Monthly maintenance fee
$4.95	$12	$25
How to avoid the monthly maintenance fee each statement cycle
An owner of this account is under the age of 25^Footnote[2] Or Maintain a minimum daily balance of $500 or more in your account Or Are a member in our Preferred Rewards program^Footnote[3]	Have at least one qualifying direct deposit of $250 or more made to your account Or Maintain a minimum daily balance of $1,500 or more in your account Or Are a member in our Preferred Rewards program^Footnote[3]	We'll waive the monthly maintenance fee each statement cycle that you: Maintain a minimum daily balance of $20,000 or more in your account Or Are a member in our Preferred Rewards program^Footnote[3]
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)^Footnote[13]
N/A	N/A	Balance APY Less than $50,000 0.01% $50,000 - $100,000 0.02% $100,000 and over 0.02%
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.^Footnote[14] This determines how we handle transactions when you have insufficient funds.	At account opening, choose an Overdraft Setting.^Footnote[14] This determines how we handle transactions when you have insufficient funds.
Balance Connect^® for Overdraft Protection^Footnote[4]
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 fee^Footnote[15]
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 SafeBalance Clarity Statement for more details	Refer to the Advantage Plus Banking Clarity Statement for more details	Refer to the Advantage Relationship Banking Clarity Statement for more details
Bank of America Advantage SafeBalance Banking^®	Bank of America Advantage Plus Banking^®	Bank of America Advantage Relationship Banking^®
Open now	Open now	Open now
Open now	Open now	Open now

SafeBalance®

Advantage Plus Banking

Advantage Relationship Banking

Fraud protection

Mobile depositsFootnote[17]

Better budgeting

Debit and Digital Card ControlsFootnote[10]

Custom alerts

Fast, secure sign-in

Fraud protection

Mobile depositsFootnote[17]

Better budgeting

Debit and Digital Card ControlsFootnote[10]

Custom alerts

Fast, secure sign-in

Mobile deposits^Footnote[17]

Debit and Digital Card Controls^Footnote[10]

Mobile deposits^Footnote[17]

Debit and Digital Card Controls^Footnote[10]