Never ever spend a keen overdraft commission to the Bank out of The united states Virtue SafeBalance Banking account

The means to access funds

Bank away from The usa Advantage SafeBalance Bank account proprietors can be easily availability their cash each and every day owing to BoA’s network more than 16,000 100 % free ATMs. You are able to visit among BoA’s cuatro,000-and branches for all the from inside the-person banking needs.

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Instead of almost every other checking membership, Bank of America Advantage SafeBalance Financial will not charge any overdraft otherwise low-adequate finance charges. To simply help its profiles stop overdrawing using their account, purchases could be rejected and returned delinquent when they don’t possess enough cash in their membership. You can even establish email address or cellular alerts in order to alert you when you yourself have the lowest harmony in your account otherwise whenever products are not paid off.

Bank out-of The usa Advantage SafeBalance Banking was an effective “checkless” family savings, meaning that users cannot establish individual paper inspections. Customers is also send and receive currency in order to someone else through Zelle®, that’s integrated into BoA’s Cellular Banking app.


  • Earn cash straight back which have BankAmeriDeals®, also provides apply at participating locations and you will dining. Activation is required to take advantage of for every price.
  • Zelle is provided into BoA’s Mobile Financial software, enabling you to receive and send currency within minutes.
  • Over sixteen,000 percentage-100 % free Financial regarding The usa ATMs, for finding cash or deposit money on the brand new wade without paying a fee.
  • Accessibility Erica, your virtual financial secretary.
  • Mobile evaluate deposit, enabling one with ease simply take a photo away from a check and you will put it using BoA’s Mobile Banking app, helping you save a trip to an atm or lender.
  • Lock and you may discover your own credit, halting extremely the fresh new deals in case the credit was stolen, destroyed otherwise misplaced. Autopay, productivity, credits and lots of most other deals could possibly get will always be processed.

The financial institution out-of America Advantage SafeBalance Bank account means a decreased $twenty-five minimal starting deposit and you will a month-to-month repairs fee from $cuatro.95. Members can also be waive new $4.95 fee every month by the fulfilling one among these criteria for each declaration cycle:

  • Getting a popular Rewards customer (demands at least around three-month joint mediocre daily harmony from $20,100000 during the qualifying Bank from The united states deposit levels and you will/otherwise Merrill® financial support levels)
  • Be a student below age twenty-four that enrolled in highschool or a school, college or vocational program

The fee every month and you may account deposit minimal is actually less than almost every other BoA checking membership: the lending company of The united states Advantage Including Banking® ($100 minimal deposit; $12 fee every month) and the Financial away from The usa Virtue Relationships Banking® ($100 minimal deposit; $twenty five monthly fee). In place of those two most other checking membership, Lender regarding The united states Advantage SafeBalance Banking as well as fees zero overdraft or non-adequate financing fees.

When you find yourself Lender out of The united states features more than 16,000 commission-free ATMs, when you use a low-Bank out-of The united states Automatic teller machine, Bank out-of The usa have a tendency to cost you an automatic teller machine commission of $2.fifty each You.S. transaction otherwise $5 each overseas nation deal. New Automatic teller machine user also can costs an extra commission.


The lending company from The usa Virtue SafeBalance Bank account is a good beginner checking account because it demands a minimal lowest deposit and have a moderate fee every month (it is able to avoid costs while you are students), in addition to zero overdraft otherwise low-enough finance charges.

As Lender from The united states Advantage Along with Financial really does require an effective highest minimum deposit ($100), this is a good alternative since it possess more choices to waive the brand new monthly fee. See Select’s full article on the lending company of America Advantage In addition to Bank account.

Those individuals trying open a great BoA checking account must look into Bank away from The united states Advantage Offers, which rated towards Select’s selection of the best stone-and-mortar discounts levels. Know about it is benefits and benefits inside our BoA Virtue Savings feedback.