Bank of America, N.A. Member FDIC. Equal Housing Lender
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FAQs
What fees come with Bank of America? ›
Cash withdrawals are free at Bank of America ATMs, but you'll have to pay a $2.50 fee for using an out-of-network ATM, plus any fees charged by the ATM operator. The account has a $10 overdraft fee, with a maximum of two overdrafts in a day. There's no nonsufficient funds fee.
What is the minimum balance to avoid fees Bank of America? ›each month You can avoid the Monthly Maintenance Fee when you meet ONE of the following requirements during each statement cycle: • Maintain a minimum daily balance of $500 or more in your account, OR • Ask us to link your account to your Bank of America Advantage Relationship Banking®, Bank of America Advantage® with ...
What is Bank of America checking account interest rate? ›| Bank of America Interest Checking®† | ||
|---|---|---|
| Rate % | APY %† | |
| Less than $50,000 | 0.01 | 0.01 |
| $50,000 - $99,999 | 0.02 | 0.02 |
| $100,000 and over | 0.02 | 0.02 |
Bank of America Checking Account Fees
There is a $4.95 monthly maintenance fee for Advantage SafeBalance Banking®, a $12 monthly maintenance fee for Advantage Plus Banking® and a $25 monthly maintenance fee for Advantage Relationship Banking®, but only Advantage Relationship Banking earns interest.
Instead, to avoid the monthly maintenance fee you will need to maintain a minimum daily balance of $20,000 or more in your Advantage Relationship Banking account during each statement cycle or be enrolled in the Preferred Rewards program and qualify for the Gold, Platinum or Platinum Honors tier (first 4 checking ...
How do I avoid $12 fees Bank of America? ›Bank of America's checking accounts are only “free” if you meet certain qualifications. Again, to avoid Bank of America's Advantage Plus accounts' $12 monthly maintenance fee, you'll have to meet one of several requirements, such as maintaining a $1,500 daily minimum balance.
Why am I getting charged a monthly maintenance fee Bank of America? ›A monthly maintenance fee (sometimes called a monthly service fee) is money a bank charges you for working with the company. The fee is usually automatically withdrawn from your account each month. In some cases, you'll pay the fee no matter what. But many banks let you waive the fee if you meet certain requirements.
How can you avoid a monthly maintenance fee? ›8 ways to avoid monthly checking fees
- Sign up for direct deposit.
- Find a bank that doesn't charge monthly fees.
- Meet the minimum balance requirement.
- Open another account at the same bank.
- Take advantage of mobile banking.
- Meet the minimum debit card usage.
- Ask for fee forgiveness.
Apr 18, 2023
Fees. The Bank of America Advantage Savings account requires a $100 opening deposit, which is on the higher end for brick-and-mortar savings accounts. There is an $8-per-month maintenance fee that is waived for the first six months for new account holders.
Which Bank is giving 7% interest on saving account? ›Regular Saver Account. 7% Interest Savings - first direct.
What is the Bank of America CD rate for one year? ›
Bank of America's current CD rates range from 0.03% APY for most fixed-term CDs to 4.75% APY for its seven-month featured CD. The bank also offers a one-year flexible CD with penalty-free access to your money at 4.00% APY.
What is the best 6 month CD rate Bank of America? ›The top six-month CD is yielding around 5.30% APY as of Apr. 23, 2024.
Does Bank of America charge for wire transfers? ›$15.00 Domestic wire transfer $16.00 Foreign wire transfer; other banks may charge additional fees.
Why does Bank of America charge a $12 monthly maintenance fee? ›Why Do Banks Charge Monthly Fees? Not all banks charge a monthly fee. Monthly maintenance fees charged by banks cover any costs associated with maintaining your account. These can include operating costs and add-ons, such as overdraft protection, out-of-network ATM coverage, early direct deposit, and other perks.
What is the maximum withdrawal from Bank of America? ›ATM withdrawal limits vary by bank and the ATM network. Bank of America, for example, advertises a $1,000 maximum daily withdrawal limit, or a maximum of 60 bills, for most accounts. Allpoint ATMs, on the other hand, don't impose a specific withdrawal limit per day.
Does Bank of America charge a fee for bill pay? ›Is there a fee for using Bill Pay through Bank of America? No.
Does Bank of America have a fee to open an account? ›Bank of America Advantage SafeBalance Banking
The account has a $25 minimum opening deposit and a $4.95 monthly maintenance fee. You can have the fee waived if you're a Preferred Rewards program member, a student under 25 or a minor.
Bank of America doesn't charge transaction fees when you use your debit card to make purchases, but some merchants may impose a transaction fee or surcharge. An international transaction fee may be charged for debit card purchases and ATM cash withdrawals.