Advertiser Disclosure

Bank of America Advantage Plus Banking®

in Checking Accounts from Bank of America · fdic

Unaffiliated

Bank of America Advantage Plus Banking®

Unaffiliated

in Checking Accounts from Bank of America · Member FDIC

Net Recommendation Score +100

3 users recommend

0 users are unsure

0 users don't recommend

Browse Reviews: 3 Recommendations | 0 Complaints

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

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

Bonus offer. The $100 bonus offer is an online only offer for new checking customers and must be opened through the Bank Of America promotional page. To qualify, open an account through the promotional page and set up and receive qualifying direct deposits of $1000 or more into that account within 90 days of opening. The offer expires 12/31/2021. Bank of America will attempt to pay bonus within 60 days. Additional terms and conditions apply. See offer page for more details.
Monthly maintenance fee waiver. The maintenance fee may be waived for eligible students under 24, those who are enrolled in Preferred Rewards, have at least one qualifying direct deposit of $250 or more, or maintain a minimum daily balance of at least $1,500 each statement cycle.
$100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
No ATM fees. Bank of America Advantage Plus Banking® does not charge fees on ATM transactions within its network but there is a fee of up to $2.50 for out-of-network ATM transactions.
Bill pay. Pay your bills to practically anyone in the United States through Bank of America.

Bank of America Advantage Plus Banking® Pros & Cons

Pros	Cons
Monthly service fee waived (see terms for requirements). Offers a $100 bonus offer. Available in all 50 states. Access to physical branches. Free debit card and the option to lock/unlock the card if lost or stolen	Does not earn interest. Does not provide access to a nationwide ATM network. 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® Minimums
Description
Minimum Direct Deposit to Avoid Monthly Fee	$250
Minimum Opening Deposit	Starting at $100
Minimum Balance to Avoid Monthly Fee	Starting at $1,500

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

The maintenance fee may be waived for eligible students under 24, those who are enrolled in Preferred Rewards, have at least one qualifying direct deposit of $250 or more, or maintain a minimum daily balance of at least $1,500 each statement cycle. Otherwise, there is a monthly service fee of $12.

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

Does Bank of America Advantage Plus Banking® charge overdraft fees?

Yes, Bank of America Advantage Plus Banking® charges a $35 fee for every overdraft.

Bank of America Advantage Plus Banking® offers overdraft protection at a cost of $12 per transaction.

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 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 Plus Banking® allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

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

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

How do people rate the customer service and user experience of Bank of America Advantage Plus Banking®?

Overall, Bank of America Advantage Plus Banking® is strongly recommended based on community reviews that rate customer service and user experience.

Bank of America Advantage Plus Banking® Disclosure: The monthly maintenance fee may be waived for eligible students under 24 or for those enrolled in Preferred Rewards or have at least one qualifying direct deposit of $250 or more, or maintain a minimum daily balance of at least $1,500 each statement cycle. The $100 bonus offer is an online only offer for new checking customers and must be opened through the Bank Of America promotional page. To qualify, open an account through the promotional page and set up and receive qualifying direct deposits of $1000 or more into that account within 90 days of opening. The offer expires 12/31/2021. Bank of America will attempt to pay bonus within 60 days. Additional terms and conditions apply. See offer page for more details. View Bank of America Advantage Plus 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.