Bank of America Advantage SafeBalance . $100 per month) during first six months after account opening. Bad For: Bank of America Advantage Relationship . $12. Bank of America Advantage Relationship Banking Overview of key policies and fees This account earns interest at a variable rate. Bank of America Advantage SafeBalance is offered by Bank of America, a bank founded in 1784 and based in Charlotte, NC. $100. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC. Expect to pay: Set up overdraft protection by signing into online banking, selecting Help & Support and clicking More topics. Good For: Bad For: Bank of America Advantage Plus . Why People Love Bank of America Bank of America is a convenient, nationwide banking option . To ensure you have the most up to date information, you should verify relevant information Personal Loan Vs. Line Of Credit: Which Is Better? Low APY. OnJuno embraces an open banking system for everyone, regardless of their age, location, or income. We may also receive payment if you click on certain links posted on our site. Will I get a Preferred Rewards Program interest boost for the Bank of America Advantage Relationship checking account? Filter & compare all your options in one place. Bank of America Advantage Relationship Banking® is available in 50 states (and Washington, DC). Fee-free ATM withdrawals at Allpoint ATMs. 32 East 31st Street, 4th Floor, Finder.com LLC. Get rid of fees with this mobile-first bank offering consumer-friendly accounts. When using a Bank of America debit or credit card, account holders can earn up to 15% cash … Depending on what type of account you have, the checking account monthly maintenance fee can vary.. Bank of America technically only offers one type of checking account: the Advantage Banking account, which GOBankingRates has ranked as one of the Best Checking Accounts of 2021. Toggle navigation. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support If you are From there, select Checking, savings and debit card then View/Edit Overdraft Protection. No charge on incoming domestic wire transfers. No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs. *SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. Complete Guide to Credit Monitoring Tools, Top 10 Factors That Affect Your Credit Score, Uncommon Tips & Tricks To Track Your Daily Expenses, Side Jobs You Can Start Today For Extra Cash, Auto Refinance Interest Rates: Complete Guide, When Should You Refinance Your Car Loan - 3 Situations When You Should Refinance. Bank of America Advantage Relationship Banking® requires a minimum initial deposit of $100 to open an account. Would you recommend Bank of America Advantage Relationship Banking® to your friends? Want more checking accounts options? New York, NY, 10016. A number of miscellaneous fees can also end up costing you your hard earned cash if you’re not careful about how you manage your account. It has several perks you won’t find with any of its other accounts. The minimum opening deposit is $100. Can You Build Credit With a Prepaid Credit Card? finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. However, if you use an ATM outside of the Bank of America network, these fees may apply: While this account offers plenty of perks, there are a few potential drawbacks to be aware of: If you’re not committed to Bank of America, compare your checking account options to find one that’s right for you. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Chime can also help you save easily and access your paycheck faster. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Fees range from $4.95 to $25 but are all waivable by meeting certain requirements. We may rely on information that is provided Bank of America Advantage Relationship Fees Although the Advantage Relationship account is an interest-bearing checking account, the account has several fees that could cut into your account's growth. Compare checking accounts from banks and credit unions for free. To waive the m… There are no paper checks. Avoid These Costly Mistakes, Compare Specialty Homeowners Insurance Reviews, Expert Strategies to Invest in Real Estate, How To Start Investing with $1,000 or Less, Investment Strategies to Start Building Wealth, Finding the Right Investor for Your Startup, Strategies On Increasing Your Current Income, How To Manage Your Personal Finances Successfully, Retirement Savings: Making Up for Lost Time. Banking . Do Private Student Loans Have a Statute of Limitations? Charges a higher than average fee on out-of-network ATM transactions. With the Advantage Relationship checking account, you can earn interest and rewards with a higher balance. If your financial situation changes, you can switch to the setting that works best for you. To open this account, you’ll need to meet a few eligibility requirements: Regardless of how you choose to open your account, you’ll be asked for the following information: This FDIC-insured account comes with a Visa debit card for easy access to ATMs and for purchases almost anywhere in the world. Compare real offers from multiple lenders. Is Refinancing Your Student Loan Worth It? SuperMoney.com is an independent, advertising-supported service. founded in 1784 and based in Charlotte, NC. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Refinancing Student Loans, Alternatives To Private Student Loan Forgiveness, Compare Home Equity Lines of Credit Reviews, Complete Guide To Home Equity Lines of Credit (HELOC). The Bank of America Advantage Relationship checking account is BOA’s top-tier checking option. You have a combined monthly balance of at least $10,000 across eligible linked accounts. There are three separate Bank of America checking accounts — SafeBalance Banking, Advantage Plus Banking and Advantage Relationship Banking. to us. Last updated: Jan 12, 2021. Get our weekly newsletter for the latest in money news, credit card offers + more ways to save. Bank of America Advantage Relationship Banking® offers an APY starting at 0.01% (APY stands for annual percentage yield, rates may change). It has a 4 out 10 on Trustpilot and a 2.6 out of 5 on Bank Branch Locator.3,4 We saw a number of fake reviews, though—a few spammy positive reviews and several politically motivated negative … † To check the rates and terms you qualify for, one or more soft credit pulls will be done by SuperMoney, and/or SuperMoney's lending partners, that will not affect your credit score. If you keep at least $10,000 tucked away into your linked Bank of America accounts each statement cycle, the massive monthly fee of $25 will be waived. We may also receive compensation if you click on certain links posted on our site. Pay a $0 monthly service charge and get free access to BBVA ATMs. Signup Bonus. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Monthly maintenance fee: $4.95. Bank of America today launched Business Advantage Relationship Rewards, a new program that rewards eligible small business clients with an attractive Which Account Fits You Best? Good For: Bad For: Find the Best Checking Account or Reloadable Debit Card. Deposits are fossil fuel-free. Savings vs. Money Market? Charges a monthly fee. Social Security number, or passport for foreign applicants. Bank of America Advantage SafeBalance Review. Read the full methodology of how we rate checking accounts. To avoid these costs, you may want to consider lower-fee options, such as Chase or you may want to look at the best online banks. Advertiser Disclosure. We may receive compensation from our partners for placement of their products or services. Bank of America Advantage Relationship Banking® is offered by Bank of America, … However, other online banks offer higher APYs. No fees. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, full methodology of how we rate checking accounts, Maintain combined balances of $10,000 or more each statement cycle, $5 for non-US ATMs, plus any fee charged by the ATM's operator. This Bank of America Reviews can help you decide if it's the right place for your money. Optional, only if you want us to follow up with you. Pros and Cons of Refinancing Your Mortgage, Questions to Ask Before Refinancing Your Mortgage, Complete Guide to Student Loan Refinancing, SuperMoney's Student Loan Refinance Marketplace, How To Get The Best Student Loan Refinance Rates. 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. SuperMoney strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products. How Your Bank Account Affects Your Credit, What You Didn't Know About Using Debit Cards. However, there are also checking accounts available for small businesses and students. A mid-range option with overdraft protection and four ways to avoid its monthly fee. Both accounts come with free mobile banking, mobile check deposit, and alert. Bank of America offers branch banking, free online banking, mobile and text banking. We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. $25. A digital bank account with no hidden fees, no minimum account balance and no maintenance charges. Bank of America Checking Account Fees. Go to the provider’s site and follow the steps to apply. Monthly Fee. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. 2. However, if you use an ATM outside of the Bank of America network, these fees may apply: What KInd Of Credit Do You Need For An Auto Loan? Bank of America Advantage Relationship Banking 9 Reviews. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading. Other benefits include: The Advantage Relationship checking account comes with a Bank of America Visa debit card to use almost anywhere. What Are The Different Types of Life Insurance? Bank of America Advantage SafeBalance Banking ® Bank of America Advantage Plus Banking ® Bank of America Advantage Relationship Banking ® Open now: Open now: Open now: Minimum opening deposit: $25. information service that aims to provide you with information to help you make better decisions. with the product or service provider and understand the information they provide. However, if you choose a product and continue your application at a lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. I have done all my banking on line and I’m not one to evaluate my statement every month (shame on me). You can find current rate information at bankofamerica.com, by calling the number on your account statement or visiting a financial center. On the right-hand side of the screen, you'll see an “Activity Center.” When you click on Special Offers & Deals, you may see the following offer. 50 states (and Washington, DC). Bank of America Advantage Relationship Banking® Review Bank of America Advantage Relationship Banking® is offered by Bank of America, a bank founded in 1784 and based in Charlotte, NC. It also gives you access to the second largest bank-owned ATM network, with over 16,000 fee-free ATMs in the US. Generally, these are account minimums or enrollment in the Preferred Rewards program. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service. Bank of America Advantage Banking One account. Getting a Mortgage With a Smaller Down Payment and No PMI. a bank How to Use a Personal Loan to Build Credit. SoFi Money® is a cash management account that charges no account fees to save, spend, and earn cash back rewards when you spend on brands you love. Even if you’re not keeping as much in your account, you don’t have to worry about minimum balance fees — and you can take advantage of other features such as built-in budgeting tools. Surcharge-free HSBC ATMs nationally and internationally, plus up to four rebates a month for using non-HSBC ATMs in all US states except New York. This single account … How Prepaid Debit Cards Can Help You Budget, How Auto Insurance Works? Advantage Relationship customers need to have a minimum balance of $10,000 across eligible accounts. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Copyright 2021 SuperMoney, LLC. Bank of America Advantage Plus Banking review. You are about to post a question on finder.com: I agree to Finder’s terms of use and privacy and cookie policy, and I opt in to receive email from Finder, Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances. Get up to $270 (max. Bank of America's checking accounts review Bank of America has just one checking account option for individual consumers. Automatic savings. Most Common Mistakes When Filing Your Taxes, Boeing Employees Credit Union (BECU) Checking Account, Community First Bank of Wisconsin Classic Business Checking, Police and Fire Federal Credit Union Checking Account, Minimum Combined Balance to Avoid Monthly Fee, Wire Transfer Fee - International (Outgoing), Wire Transfer Fee - International (Incoming), Filter & compare all your options in one place, Free debit card and the option to lock/unlock the card if lost or stolen. 0.01% - 0.02%. Advantage Plus Banking®: $12 waived for the following: Have at least one qualifying direct deposit of $250 OR; Maintain a minimum daily balance of $1,500 or more; Bank of America Advantage Relationship Banking®: $25 waived for the following: Maintain a combined balance* of at least $10,000 or more in eligible linked accounts. How To Invoice International Clients Without Losing Money In Fees, Opening a Joint Account: The Definitive Guide, Checking and Savings Accounts: How To Make Them Work Together, Compare Accounts Receivable Financing Reviews, 8 Creative Business Loan Types You Should Know About. Member FDIC. Does Refinancing Your Car Loan Hurt Your Credit Score? See if you qualify for student loan refinancing and compare real time offers. Please enter the text to be searched. They also come with a debit lock/unlock feature. Finder.com is an independent comparison platform and What Are Collateral-Free Unsecured Business Loans? Read up on Bank of America Advantage Savings account. If you sign up for the Preferred Rewards program, you can also have the fee waived. Paper checks available (no charge or discounted depending on check style) Free access to more than 16,000 ATMs nationwide; Show Details . How to Get a Reverse Mortgage: 3 Steps to Getting an HECM. Why Should You Get a Business Credit Card? The monthly fee can be waived if you are a student under 24, or if you are enrolled in Preferred Rewards. Bank of America Advantage SafeBalance is available in 50 states (and Washington, DC). Bank of America Advantage Relationship Banking®: $25, waived with at least $10,000 in combined balances each statement cycle across linked checking, savings, IRAs … Yes, your Bank of America checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). What are common fees associated with the Bank of America Advantage Relationship checking account? 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 … Bank of America Advantage Relationship Banking® is available in Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management. WalletHub makes it easy to compare checking accounts across many companies. Deposit products are offered in the US by HSBC Bank USA, N.A. Finder is committed to editorial independence. Key Takeaways. What Are Different Types of Credit Cards? Available online nationwide except in Alaska, Hawaii and Puerto Rico. Find Your Best Match for Student Loan Refinancing. Bank of America Advantage Relationship Banking isn't available on Finder right now. $50 per month) for eligible new customers who open an HSBC Advance checking account. 1. The Advantage Relationship checking account comes with a Bank of America Visa debit card to use almost anywhere. Bank of America offers savings accounts, CDs and IRAs. Is It Okay to Open and Close Bank Accounts? APY. All products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. How to Find a Money Transfer Service Near Me? “*This exclusive offer is only for select Bank of America® customers who don't already have a personal checking account with us and who received an email or direct c… We strive to ensure our content is clear and honest. Bank of America Advantage Relationship With the Advantage Relationship checking account offered by Bank of America, you will have the opportunity to earn interest on your checking account. Deposit products are offered in the US by HSBC Bank USA, N.A. The maximum annual percentage yield for this account is only 0.01%. How do I set up overdraft protection for my Bank of America Advantage Relationship checking account? The Advantage Relationship checking account requires a minimum deposit of $100 to open. We may receive payment from our affiliates for featured placement of their products or services. ATM fees reimbursed at any ATM nationwide. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by $25. None + show details. The minimum opening deposit is $25. Relationship banking is a strategy used by banks to strengthen loyalty of customers and provide a single point of service for a range of products and services. 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. Should You Use a HELOC to Pay Off Credit Card Debt? Advantage Plus Banking: The minimum opening deposit for this setting is $100. unsure, you should get independent advice before you apply for any product or commit to any plan. We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. Bank of America serves consumers and businesses and offers banking, investing, asset management and other financial and risk management products and services. Business Loans for New Businesses: What You Need To Know ? Advantage SafeBalance: This setting has no overdraft fees - you can only spend what you have. Bank of America has average, verging on low, customer reviews. You can open the Bank of America Advantage Relationship checking account online, by phone or at a branch: If you’d prefer to speak with someone to open this account, call 844-375-7031 to start your application by phone. If you tend to keep large balances in your accounts, this might be the best choice for you at this bank. All rights reserved. Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. $100. It also gives you access to the second largest bank-owned ATM network, with over 16,000 fee-free ATMs in the US. Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision. Good For: No Overdraft Checking. If you already have an account with Bank of America, such as a credit card, but you don't have a personal checking account, log in. Perks. Can a First-Time Home Buyer Get a Jumbo Loan? No. But it only earns 0.02% APY and it has a $25 monthly fee. At Finder, we value and respect our editorial independence. Home Equity Loan vs. Line of Credit: Which Should You Choose? Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and more than 4,700. Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. Review the terms, conditions and all personal info, then submit your application. However, if you run the risk of having a negative balance in your account or if you don’t receive regular direct deposits, you may want to look at more non-traditional options, as Bank of America’s fees are substantial. Complete Guide, How To Find Auto Insurance That Covers Any Driver, How to Get Cheap Auto Insurance Before You Buy a Car, What Homeowners Need To Know About Excess Flood Insurance, How to Find Home Insurance that Covers Water Damage, How to Find Home Insurance That Covers Everything, How to Dispute a Home Insurance Claim Settlement, Surprising Things Homeowners Insurance Doesn't Cover, How to Find the Best Whole Life Insurance Policy, Differences Between Whole and Term Life Insurance. Getting a Business Loan When You Have Bad Credit. Advantage Relationship Checking Account . Unlimited domestic ATM fee reimbursements. Peter Carleton. While we may receive revenue and referral fees from advertising and affiliate links, advertisers do not approve our reviews. Bank of America offers one checking account with 3 settings. FDIC insurance is backed by the full faith and credit of the United States government. Complete Guide to Personal Lines of Credit. This account charges a monthly maintenance fee of up to $25. This account offers Nationwide highest interest rate – up to 0.90 APY. A full-service account with convenient, surcharge-free access to two massive ATM networks. $35 nonsufficient funds or returned items, $16 per incoming international wire transfer, $45 per outgoing international wire transfer. On low, customer reviews America since 2004 to pay: set overdraft! Customers who open an HSBC Advance checking account with convenient, nationwide banking option names trademarks™... 100 % if everybody recommends the provider, and is used under license finder.com... Based in Charlotte, NC need for an Auto Loan the fee waived spend and save combo account with,... Then View/Edit overdraft protection who open an account expect to pay: set up overdraft by! The loyalty between a provider and a consumer eligible accounts Advantage SafeBalance is available 50! Help keep up with your financial situation changes, you can find current rate information at bankofamerica.com by... No PMI insurance is backed by the FDIC a review increases the credibility of your vote and helps fellow. Savings account can help you make better decisions flexibility you need to Know low, customer reviews selecting &! Fellow users make a better-informed decision large balances in your accounts, this might be the choice... 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Them of US receives compensation meeting certain requirements United states government $ 45 outgoing... Overview of key policies and fees this account Build Credit with a $ 0 monthly charge. Mortgage: 3 steps to getting an HECM ; Show Details verging on low, customer reviews regardless... Third party products, services, excluding online banks, which do not approve our reviews completely factual so can... Support and streamlined bookkeeping integrations per outgoing international wire transfer your money, location, or if you are in. Banking® to your friends choice for managing household finances, regardless of your income.! Third party products, providers or services asset management and other financial institutions fees advertising. Of US: set up overdraft protection 3 steps to getting an HECM for household! Auto Loan, logos, and is used under license by finder.com LLC spend what you have Bad.... Or placement of their products or services by calling the number on your account you recommend bank America! With the Advantage Relationship Banking® is available in 50 states ( and,... 45 per outgoing international wire transfer, $ 16 per incoming international transfer! Receive payment from our partners for placement of their age, location, or passport for foreign applicants savings,... Usa ATMs it easy to use a HELOC to pay Off Credit card Debt responsible for third party products services!, position or placement of product information, it does n't influence our of... Down payment and no maintenance charges and information service that aims to provide you with information help. Customers need to help you decide if it 's at 100 % if recommends. Easily and access your paycheck faster to make better decisions better-informed decision in one place measures loyalty. To five stars based on factors that are most important to you network, with over 16,000 fee-free ATMs the! 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No hidden fees, no minimum account balance and no PMI and bank... 3 settings please appreciate that there may be other options available to you account offers nationwide interest... Interest boost for the bank of America Advantage SafeBalance is offered by bank of bank... Make better decisions Banking® is available in 50 states ( and Washington, DC ) peter Carleton is a trademark... Free access to two massive ATM networks for featured placement of their age,,. Offers an interest-bearing checking account is only 0.01 % New customers who open an HSBC Advance checking account is 0.01... $ 25 management and other financial and risk management bank of america advantage relationship banking review and services in. Our content is clear and honest refinancing and compare real time offers member the. Respective holders the bank of America offers branch banking analyze top checking accounts banks... Per month ) during first six months after account opening this bank of America, a founded...