Accessibility your money
Bank out of America Advantage SafeBalance Bank account holders can be conveniently access their money day-after-day compliment of BoA’s network more than sixteen,000 100 % free ATMs. It’s also possible to see certainly BoA’s 4,000-and branches for all the during the-person banking need.
Unlike other checking levels, Lender from The usa Advantage SafeBalance Banking doesn’t charges any overdraft otherwise non-enough fund fees. To simply help its users prevent overdrawing from their account, purchases will be refuted and you will came back unpaid when they do not have enough money in the account. You can also created email or cellular alerts so you can notify you for those who have a decreased harmony on the account otherwise whenever items are maybe not reduced.
Financial away from America Advantage SafeBalance Financial try a beneficial “checkless” savings account, which means profiles do not develop personal paper checks. Account holders can send and receive currency to anybody else thru Zelle®, that is incorporated into BoA’s Mobile Financial software.
Benefits
- Generate income right back having BankAmeriDeals®, now offers affect performing stores and you will eating. Activation must make the most of each contract.
- Zelle try provided into BoA’s Mobile Financial application, enabling you to receive and send money within seconds.
- More than 16,100 commission-free Financial of The united states ATMs, for getting dollars otherwise put money on the newest wade without paying a fee.
- Access to Erica, your personal digital financial assistant.
- Cellular take a look at deposit, that allows you to without difficulty capture a photo out-of a and you may put it having fun with BoA’s Mobile Financial software, helping you save a visit to an atm or bank.
- Lock and you may discover your card, halting most brand new deals in case the cards was taken, destroyed otherwise missing. Autopay, productivity, loans and lots of most other transactions get will still be canned.
The financial institution regarding America Virtue SafeBalance Bank-account needs a low $twenty five lowest starting deposit and a month-to-month fix payment regarding $4.95. Account holders is waive the brand new $cuatro.95 fee every month of the appointment one of them standards each statement cycle:
- End up being a well liked Perks consumer (means the absolute minimum around three-few days joint average every day equilibrium of $20,100 when you look at the being qualified Bank out of The united states put membership and/otherwise Merrill® financial support profile)
- Become a student not as much as age twenty four that signed up for twelfth grade or a college, college or university otherwise professional system
The newest fee every month and you may account put minimum are less than almost every other BoA examining account: the lending company out of The united states Virtue Along with Banking® ($a hundred minimum deposit; $12 monthly fee) together with Lender regarding America Advantage Dating Banking® ($100 lowest deposit; $25 fee every month). As opposed to these two most other checking levels, Financial regarding America Advantage SafeBalance Financial and additionally charge zero overdraft otherwise non-adequate loans costs.
When you’re Bank off America provides more 
16,100000 commission-free ATMs, when you use a non-Bank out of America Automatic teller machine, Bank from The usa often ask you for an atm fee away from $dos.50 for each You.S. transaction otherwise $5 for each international country transaction. The fresh new Atm user can also charge an extra payment.
Conclusion
The bank regarding The usa Advantage SafeBalance Banking account is an excellent starter family savings whilst demands a minimal lowest deposit and you can keeps a nominal monthly fee (with the ability to avoid charges if you’re a student), as well as no overdraft otherwise low-adequate funds fees.
As the Bank regarding The usa Virtue Along with Financial does wanted a good high minimal deposit ($100), this is a good choice because it keeps so much more options to waive the newest fee every month. See Select’s full post on the financial institution from The united states Advantage As well as Bank-account.
Those individuals seeking to unlock a beneficial BoA family savings should consider Lender away from The usa Advantage Deals, hence ranked with the Select’s variety of an informed stone-and-mortar deals profile. Learn all about it’s benefits and you may advantages within our BoA Virtue Discounts comment.