Bank of America Advantage Relationship Banking®
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Bank of America Advantage Relationship Banking®
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| Community Rating |
Rating not yet determined |
| Cashback Rewards | N/A |
| APY (Annual Percentage Yield) |
0.01% - 0.02% (Verified 11/14/2023)
|
| Monthly Maintenance Fee |
$0 - $25 (Verified 11/14/2023)
|
| Minimum Balance to Avoid Monthly Fee | $20,000 |
Bank of America Advantage Relationship Banking® Review
Bank of America Advantage Relationship Banking® is offered by Bank of America, a bank founded in 1784 and based in Charlotte, NC. Bank of America Advantage Relationship Banking® is available in 50 states (and Washington, DC).
Key Takeaways
- Low APY. The maximum annual percentage yield for this account is only 0.02%. See www.bankofamerica.com/depositsrates for today's rates.
- No monthly maintenance fee. Fee may be waived when you maintain a combined balance of at least $20,000 during each statement cycle in eligible linked accounts or when you are enrolled in Preferred Rewards.
- $100 minimum opening deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
- 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 Relationship Banking® Pros & Cons
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Bank of America Advantage Relationship Banking® FAQ
Are checking accounts from Bank of America federally insured?
Yes, your deposits 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 Relationship Banking® offer?
Bank of America Advantage Relationship Banking® offers an APY starting at 0.01% and ranging up to 0.02% (APY stands for annual percentage yield, see www.bankofamerica.com/depositsrates for today's rates).
| Rates | Amount |
|---|---|
| APY (Annual Percentage Yield) | 0.01% - 0.02% |
What are the account minimums for Bank of America Advantage Relationship Banking®?
Bank of America Advantage Relationship Banking® requires a minimum initial deposit of $100 to open an account.
| Description | |
|---|---|
| Minimum Opening Deposit | Starting at $100 |
| Minimum Balance to Avoid Monthly Fee | $20,000 |
| Minimum Combined Balance to Avoid Monthly Fee | $20,000 |
What fees does Bank of America Advantage Relationship Banking® charge?
This account charges a monthly maintenance fee of up to $25.
| Description | |
|---|---|
| Monthly Maintenance Fee | $0 - $25* |
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | Starting at $2.50 |
| Foreign Transaction Fee (Debit Card) | 3% |
| NSF Fee | $35 |
| Overdraft Item Fee | $10 |
| Returned Deposit Fee (Domestic) | $12 |
| Returned Deposit Fee (International) | $15 |
| Stop Payment Fee | $0 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - Domestic (Outgoing) | $30 |
| Wire Transfer Fee - International (Incoming) | $16 |
| Wire Transfer Fee - International (Outgoing) | $45 |
| Paper Statement Fee | $5 |
| Online Bill Pay Fee | $0 |
| Check Image Service | $3 |
| Debit Card Replacement Fee (Standard Delivery) | $0 |
| Early Account Closure | $0 |
Does Bank of America Advantage Relationship Banking® charge overdraft fees?
Yes, Bank of America Advantage Relationship Banking® charges a $10 fee for every overdraft.What features and perks does Bank of America Advantage Relationship 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 Relationship 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 Relationship 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.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
What is the customer support email for Bank of America Advantage Relationship Banking®?
The customer support email for Bank of America Advantage Relationship Banking® is customerservicealert@bankofamerica.com.
Bank of America Advantage Relationship Banking® Disclosure:
See www.bankofamerica.com/depositsrates for today's rates. No maintenance fee when you meet one of the following: • maintain a minimum daily balance of $20,000 in your account or • are a member of Bank of America Preferred Rewards®. View Bank of America Advantage Relationship Banking®'s published terms & conditions.
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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.
Message From Bank of America Advantage Relationship Banking®
Contact
- Headquarters
-
100 North Tryon Street
Charlotte, NC 28255 USA - (800) 932-2775
- Visit Site
- Email Support
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Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Minimum Opening Deposit | Starting at $100 |
| Minimum Balance to Avoid Monthly Fee | $20,000 |
| Minimum Combined Balance to Avoid Monthly Fee | $20,000 |
Bank of America Advantage Relationship Banking® Community Reviews
Would you recommend Bank of America Advantage Relationship Banking® to your friends?
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