Advertiser Disclosure

Bank of America Advantage Plus Banking®

in Checking Accounts from Bank of America · Member fdic

Unaffiliated

Bank of America Advantage Plus Banking®

Unaffiliated

in Checking Accounts from Bank of America · Member FDIC

Net Recommendation Score +100%

1 user recommends

0 users are unsure

0 users don't recommend

Browse Reviews: 1 Recommendations | 0 Complaints

Highlights
Community Rating	Rating not yet determined
Monthly Fee	$0 - $12
ATM Fee: Out-of-Network	$2.50
Minimum Balance to Avoid Monthly Fee	$1,500
APY (Annual Percentage Yield)	0%

Bank of America Advantage Plus Banking® Review

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

Key Takeaways

0% APY. As with most checking accounts, Bank of America Advantage Plus Banking® does not pay interest.
Charges a monthly fee. This account charges a monthly maintenance fee of up to $12, but the fee is waived if you keep a minimum balance of $1,500 or have a monthly direct deposit of $250.
$100 minimum deposit. This account requires a higher minimum initial deposit than most of the checking accounts we track.
No minimum initial deposit. There is no minimum balance required to open an account.
No ATM fees. Bank of America Advantage Plus Banking® does not charge fees on ATM transactions.
Free bill pay. Pay your bills to practically anyone in the United States through Bank of America.
Hard credit pull. Bank of America may require a hard pull on your credit report to open a checking account.

Bank of America Advantage Plus Banking® Pros & Cons

Pros	Cons
Available in all 50 states. Access to physical branches. Free debit card and the option to lock/unlock the card if lost or stolen	No signup bonus. Does not earn interest Higher than average wire transfer fees. Monthly service charge (if minimums are not met). Charges a higher than average fee on out-of-network ATM transactions.

Bank of America Advantage Plus Banking® FAQ

Are checking accounts from Bank of America federally insured?

Yes, your Bank of America checking accounts are insured up to $250,000 per person 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 Plus Banking® offer?

Bank of America Advantage Plus Banking® is not an interest-bearing account.

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

Bank of America Advantage Plus Banking® requires a minimum initial deposit of $100 to open an account.

Bank of America Advantage Plus Banking® Account Minimums
Description	Amount
Minimum Initial Deposit	$100
Minimum Direct Deposit to Avoid Monthly Fee	$250
Minimum Balance to Avoid Monthly Fee	$1,500

What fees does Bank of America Advantage Plus Banking® charge?

This account charges a monthly maintenance fee of up to $12.

Bank of America Advantage Plus Banking® Fees
Description
Monthly Fee	$0 - $12
Paper Statement Fee	$5
ATM Fee: In-Network	$0
ATM Fee: Out-of-Network	$2.50
NSF Fee	$35
Overdraft Protection Fee (per transfer)	$12
Overdraft Item Fee	$35
Early Account Closure	$0
Returned Deposit Fee (Domestic)	$12
Debit Card Replacement Fee	$5
Bank Teller Fee	N/A
Check Cashing Fee	N/A
Online Bill Pay Fee	$0
Stop Payment Fee	$30
Check Image Service	$3
Check Copy	N/A
Foreign Transaction Fee (Debit Card)	3%
Wire Transfer Fee - Domestic (Outgoing)	$30
Wire Transfer Fee - International (Outgoing)	$45
Wire Transfer Fee - International (Incoming)	$16
Returned Deposit Fee (International)	$15
Wire Transfer Fee - Domestic (Incoming)	$15
ATM Reimbursement Monthly Limit	N/A

What features and perks does Bank of America Advantage Plus 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 Plus Banking® monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
Mobile Banking Services - Bank of America Advantage Plus Banking® allows you to manage your money online. This includes depositing checks in your account with your smartphone.
Nationwide ATM network - Conveniently transact at a nearby ATM.

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.