Bank of America Advantage SafeBalance Banking®
Unaffiliated
Bank of America Advantage SafeBalance Banking®
Explore a similar product
Try this top product in Checking Accounts.
U.S. Bank Smartly™ Checking
11 reviews
| Community Rating | Mostly recommended |
| Cashback Rewards | N/A |
| APY (Annual Percentage Yield) |
0% (Verified 08/08/2022)
|
| Monthly Fee |
$0 - $4.95 (Verified 08/08/2022)
|
| Minimum Balance to Avoid Monthly Fee | N/A |
| Number of Reviews | 9 |
Bank of America Advantage SafeBalance Banking® Review
Bank of America Advantage SafeBalance Banking® is offered by Bank of America, a bank founded in 1784 and based in Charlotte, NC. Bank of America Advantage SafeBalance Banking® are 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.
- 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 12/31/2022. Bank of America will attempt to pay bonus within 60 days. Additional terms and conditions apply. See offer page for more details.
- 0% APY. As with most checking accounts, Bank of America Advantage SafeBalance Banking® does not pay interest.
- Monthly maintenance fee waiver. This fee is waived for each statement cycle that you qualify as a Student under 25 are an owner of this account under the age 18, or are enrolled in Preferred Rewards.
- No ATM fees. Bank of America Advantage SafeBalance 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 SafeBalance Banking® Pros & Cons
| Pros | Cons |
|---|---|
|
|
Bank of America Advantage SafeBalance 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 SafeBalance Banking® offer?
Bank of America Advantage SafeBalance Banking® is not an interest-bearing account.
What are the account minimums for Bank of America Advantage SafeBalance Banking®?
Bank of America Advantage SafeBalance Banking® requires a minimum initial deposit of $25 to open an account.
| Description | |
|---|---|
| Minimum Opening Deposit | $25 |
What fees does Bank of America Advantage SafeBalance Banking® charge?
This fee is waived for each statement cycle that you qualify as a Student under 25 are an owner of this account under the age 18, or are enrolled in Preferred Rewards. Otherwise, there is a monthly service fee of up to $4.95.| Description | |
|---|---|
| Monthly Fee | $0 - $4.95 |
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | Starting at $2.50 |
| Foreign Transaction Fee (Debit Card) | 3% |
| NSF Fee | $0 |
| Overdraft Item Fee | $0 |
| Overdraft Protection Fee (per transfer) | $0 |
| Returned Deposit Fee (Domestic) | $12 |
| Returned Deposit Fee (International) | $15 |
| Stop Payment Fee | $30 |
| 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 | $5 |
| Early Account Closure | $0 |
Does Bank of America Advantage SafeBalance Banking® charge overdraft fees?
No, Bank of America Advantage SafeBalance Banking® does not charge overdraft fees.What features and perks does Bank of America Advantage SafeBalance Banking® offer?
This account includes the following features:
- 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 12/31/2022. Bank of America will attempt to pay bonus within 60 days. Additional terms and conditions apply. See offer page for more details.
- 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 SafeBalance 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 SafeBalance 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 SafeBalance Banking®?
The customer support email for Bank of America Advantage SafeBalance Banking® is customerservicealert@bankofamerica.com.
How do people rate the customer service and user experience of Bank of America Advantage SafeBalance Banking®?
Overall, Bank of America Advantage SafeBalance Banking® is mostly recommended based on community reviews that rate customer service and user experience.
Bank of America Advantage SafeBalance Banking® Disclosure:
$4.95 or $0 - monthly maintenance fee may be waived for eligible students under 25. 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 12/31/2022. Bank of America will attempt to pay bonus within 60 days.
How to qualify as a Student: For Bank of America Advantage SafeBalance Banking when you notify us an owner of this account is a Student, we will waive the monthly maintenance fee on such account for each statement cycle during which such owner of the account qualifies as a Student. A Student is defined as an account owner who is both enrolled in school or an educational or vocational program and under 25 years old. Please refer to your Personal Schedule of Fees for details. Fiduciary titled accounts, including UTMA / UGMA, do not qualify for the under the age of 18 or the Student waiver.
Additional terms and conditions apply. See offer page for more details.
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.
Message From Bank of America Advantage SafeBalance Banking®
Contact
- Headquarters
-
100 North Tryon Street
Charlotte, NC 28255 USA - (800) 932-2775
- Visit Site
- Email Support
Other Services by Bank of America
View all checking accounts offered by Bank of America
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 | $25 |
Bank of America Advantage SafeBalance Banking® Community Reviews
Would you recommend Bank of America Advantage SafeBalance Banking® to your friends?
sorted by
Other Checking Accounts
Bank of America Checking Accounts
Loading...
Browse Checking Accounts
- Century Bank of Massachusetts
- Citizens Bank
- Community First Bank of Wisconsin Premier Checking
- Ent CU Checking Account
- F&M Bank Senior Checking
- First Security Bank 50+ Interest Checking
- First Security Bank Bank Better Checking
- Nationwide Direct Checking
- Redstone Federal Credit Union Rewards Checking
- Synovus Bank Inspire Checking
- Wells Fargo Clear Access Banking
- nbkc Bank Everything Account
