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Last Updated: 01/21/2026

Bank of America Advantage SafeBalance Banking®

in Checking Accounts from Bank of America

Last Updated: 01/21/2026

Bank of America Advantage SafeBalance Banking® logo
Mostly recommended10 total votes
2 users recommend
6 users are unsure
2 users don't recommend
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Highlights

Community Rating

Mostly recommended

Welcome Offer

N/A(Verified 12/07/2023)

Cashback Rewards

N/A

APY (Annual Percentage Yield)

N/A(Verified 01/22/2024)

Monthly Service Fee

$0 - $4.95(Verified 01/21/2026)
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Number of Reviews

10

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Bank of America Advantage SafeBalance Banking® Review

The 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® is available in 50 states and Washington, DC.

Key Takeaways

  • Monthly maintenance fee waived. No monthly maintenance fee each statement cycle when you meet one of the following: an owner of this account is under the age of 25 or maintain a minimum daily balance of $500 in your account or are a member of Bank of America 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 $2.5 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 SafeBalance Banking® Pros & Cons

Bank of America Advantage SafeBalance 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 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.

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

No monthly maintenance fee each statement cycle when you meet one of the following: an owner of this account is under the age of 25 or maintain a minimum daily balance of $500 in your account or are a member of Bank of America Preferred Rewards®.

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:
  • 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 checks1 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. 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.

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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.

Bank of America Advantage SafeBalance Banking® logo

Message from Bank of America Advantage SafeBalance Banking®

Bank of America is one of the world’s leading financial institutions, serving individuals, small- and middle-market businesses, large corporations, and governments with a full range of banking, investment management and other financial and risk management products and services. Our responsible business practices have a direct, positive impact on two areas critical to our growth: Our strength and stability as a global financial institution and our capacity to meet the financial needs of our clients in all phases of their lives.

We remember what it's like just starting out. That's why we waive our monthly maintenance fee for qualifying students.

Contact

Headquarters

100 North Tryon Street
Charlotte, NC 28255
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