Never shell out a keen overdraft commission with the Bank away from The united states Advantage SafeBalance Banking account

Accessibility your cash

Bank off The united states Virtue SafeBalance Bank-account proprietors is easily availability their funds every day owing to BoA’s network more than sixteen,000 100 % free ATMs. It’s also possible to visit one of BoA’s 4,000-in addition to branches for the inside-individual banking need.

Unlike almost every other examining accounts, Financial out-of America Virtue SafeBalance Banking doesn’t costs one overdraft or low-adequate fund charges. To simply help its pages end overdrawing off their account, purchases might possibly be refuted and you may came back outstanding when they don’t have adequate cash in their membership. You’ll be able to create email otherwise mobile alerts so you’re able to alert you when you have a low balance on your account otherwise whenever goods are perhaps not repaid.

Lender off The usa Advantage SafeBalance Financial is an excellent «checkless» savings account, which means that profiles usually do not create private paper checks. Account holders normally receive and send currency so you’re able to anyone else through Zelle®, that is integrated into BoA’s Cellular Banking app.


  • Generate income back that have BankAmeriDeals®, also provides apply at participating stores and you may eating. Activation is required to benefit from for each and every price.
  • Zelle are provided directly into BoA’s Cellular Financial app, enabling you to receive and send money within seconds.
  • More 16,000 commission-free Bank regarding America ATMs, getting cash otherwise deposit cash on the brand new go without paying a fee.
  • Use of Erica, your personal digital financial secretary.
  • Cellular consider deposit, which enables one effortlessly get an image of a check and you will deposit it playing with BoA’s Mobile Financial software, saving you a visit to an atm or lender.
  • Secure and you may unlock the card, halting really the fresh purchases if the credit is actually taken, destroyed or missing. Autopay, efficiency, credit and many other deals could possibly get are nevertheless processed.

The financial institution out-of America Advantage SafeBalance Bank account demands a minimal $twenty five minimum starting deposit and you will a month-to-month restoration payment away from $cuatro.95. Customers normally waive the fresh $cuatro.95 fee every month because of the meeting one among these criteria per report cycle:

  • End up being a preferred take a look at this website Perks customer (needs a minimum about three-day joint mediocre daily harmony regarding $20,100000 in the being qualified Lender out of America put profile and/or Merrill® investment profile)
  • End up being a student lower than ages twenty-four that has signed up for high-school or a college, college or university otherwise vocational system

New fee every month and you can membership put minimal was less than other BoA examining accounts: the lending company off The usa Advantage In addition to Banking® ($100 lowest deposit; $a dozen fee every month) in addition to Bank of The usa Virtue Dating Banking® ($one hundred minimal deposit; $25 monthly fee). As opposed to these two other examining accounts, Financial off America Advantage SafeBalance Banking in addition to fees zero overdraft otherwise non-enough loans charges.

If you’re Financial off America has actually more 16,100000 payment-totally free ATMs, by using a non-Lender away from The usa Atm, Lender out of America tend to charge a fee an atm payment regarding $dos.fifty for each and every You.S. deal otherwise $5 for each foreign country deal. The latest Atm user can also fees an additional commission.


The lending company off America Virtue SafeBalance Bank account is a good starter family savings whilst need a low lowest deposit and has an affordable fee every month (with the ability to stop costs while you are a student), along with zero overdraft otherwise non-sufficient finance costs.

Because Financial off America Advantage Plus Banking does wanted a beneficial higher minimal put ($100), this is an excellent option as it have even more choices to waive the brand new fee every month. Comprehend Select’s full overview of the bank of The usa Virtue Also Bank-account.

Those people seeking to unlock a BoA checking account must look into Lender from The united states Virtue Coupons, hence ranked to the Select’s selection of a knowledgeable stone-and-mortar savings account. Learn about it is perks and advantages inside our BoA Advantage Offers comment.