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Checking Accounts
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Last Updated: 01/21/2026

Bank of America Advantage Banking

in Checking Accounts from Bank of America

Last Updated: 01/21/2026

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Welcome Offer

$200(Verified 06/21/2024)
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Cashback Rewards

N/A

APY (Annual Percentage Yield)

0% - 0.02%(Verified 06/21/2024)
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Monthly Service Fee

$0 - $25(Verified 01/21/2026)
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Bank of America Advantage Banking Review

The Bank of America Advantage Banking is offered by Bank of America, a bank founded in 1784 and based in Charlotte, NC. Bank of America Advantage Banking is available in 50 states and Washington, DC.

Key Takeaways

  • $0 monthly account fees available. This account charges a monthly fee of up to $25but there are multiples ways the fee can be waived. See offer page for more details.
  • No ATM fees. Bank of America Advantage Banking does not charge fees on ATM transactions within its network but there is a fee ranging between $2.5 and $5 for out-of-network ATM transactions .
  • Bill pay. Pay your bills to practically anyone in the United States when you enroll in Bank of America mobile or online banking.

Bank of America Advantage Banking Pros & Cons

Bank of America Advantage Banking FAQ

Are checking accounts from Bank of America federally insured?

Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Bank of America Advantage Banking offer?

Bank of America Advantage Banking offers an APY starting at 0% and ranging up to 0.02% (APY stands for annual percentage yield, see www.bankofamerica.com/depositsrates for today's rates.
See terms.

What are the account minimums for Bank of America Advantage Banking?

Bank of America Advantage Banking requires a minimum initial deposit of $25.

What fees does Bank of America Advantage Banking charge?

The good news is that this account does not have a monthly Service Charge.

Does Bank of America Advantage Banking charge overdraft fees?

Yes, Bank of America Advantage Banking charges a $10 fee for every overdraft.

What features and perks does Bank of America Advantage Banking offer?

This account includes the following features:
  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - Bank of America Advantage Banking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Bank of America Advantage Banking allows you to manage your money online or with a mobile app. This includes depositing checks1 in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Bank of America Advantage Banking?

The customer support email for Bank of America Advantage Banking is customerservicealert@bankofamerica.com.

Bank of America Advantage Banking Disclosure: All account applications are subject to approval. The minimum deposit required to open a Bank of America Advantage SafeBalance Banking® account is $25. The minimum deposit required to open a Bank of America Advantage Plus Banking® account is $100. The minimum deposit required to open a Bank of America Advantage Relationship Banking® account is $100, and the Annual Percentage Yield (APY) is as follows: less than $50,000, 0.01%; $50,000 and over, 0.02%. APYs are accurate as of 11/01/2023. For today’s rates, select the applicable account at bankofamerica.com/depositsrates. Rates may change at any time without prior notice, before or after the account is opened, and may vary by location. Fees may reduce earnings. Accounts, product terms, and fees may vary by location, and we may discontinue and/or add new account types at any time.

View Bank of America Advantage Banking's published terms & conditions

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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Message from Bank of America Advantage Banking

Welcome to the future of banking. A lifetime of changes. Just one checking account.

Advantage Plus --- Everyday banking with more ways to waive the monthly fee. Option to set up Overdraft Protection and Option to buy paper checks.

Contact

Headquarters

100 North Tryon Street
Charlotte, NC 28255
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