A good choice if you want checkless banking.2Bank of America Advantage SafeBalance Banking ®Learn more Bank of America Advantage SafeBalance Banking ®Open account
No overdraft fees
A good choice if you want everyday banking.Bank of America Advantage Plus Banking ®Learn more Bank of America Advantage Plus Banking ®Open account
Multiple ways to waive the monthly fee
Option to add Balance Connect™ for Bank of America Advantage Plus Banking ®overdraft protectionFootnote4
A good choice if you want perks for higher balances.Bank of America Advantage Relationship Banking ®Learn more Bank of America Advantage Relationship Banking ®Open account
Earn interest (See rates)
Option to add Balance Connect™ for Bank of America Advantage Relationship Banking ®overdraft protectionFootnote4
To enroll in this offer, open a new Bank of America personal checking account through this offer page by
Set up and receive Qualifying Direct Deposits of $1,000 or more into that account within 90 days of account opening.
This offer is limited to new Bank of America personal checking account customers only.
Use offer code DNL100CIS when opening your new account to
1 Offer is available online only and is limited to individuals who have not owned or co-owned a Bank of America personal checking account within the last twelve (12) months. Fiduciary accounts (e.g., trusts) and business accounts are not eligible for this offer. Offer cannot be combined with any other checking offer and is limited to one bonus per account and per customer. Offer expires on June 30, 2022. Bank of America may change or discontinue this offer at any time before this date without notice. ↩
Requirements to Receive the $100 Online Only Offer Bonus:
A “Qualifying Direct Deposit” is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them. Examples of non-qualifying transfers and deposits include the following: teller deposits, wire transfers, debit card transfers, ATM transfers or deposits, Online and Mobile Banking transfers or deposits, or transfers from a bank or brokerage account or Merrill investment account.
After you satisfy all of the requirements, we will attempt to deposit the earned bonus directly into your new Bank of America Advantage Banking account within sixty (60) days. The new Bank of America Advantage Banking account must be open and in good standing up to and including the date any earned bonus is paid in order to receive the bonus.
To receive your bonus you must provide all of the information we require in connection with opening the account. This includes information we require to identify each account owner and to report the bonus to the Internal Revenue Service (IRS), including a validly completed IRS Form W-9 or Form W-8 (as applicable). The value of this bonus may constitute taxable income to you. To the extent required by law, Bank of America may withhold tax or other amounts from the payment. Bank of America may issue an IRS Form 1099 (or other appropriate form) to you that reflects the value of such bonus. Please consult your tax advisor, as neither Bank of America, its affiliates, nor their employees provide tax advice.
Additional Terms and Conditions: All account applications are subject to approval. The minimum deposit required to open a Bank of America Advantage SafeBalance Banking® account is $25. The minimum deposit required to open a Bank of America Advantage Plus Banking® account is $100. The minimum deposit required to open a Bank of America Advantage Relationship Banking® account is $100, and the Annual Percentage Yield (APY) is as follows: less than $50,000, 0.01%; $50,000 and over, 0.02%. APYs are accurate as of 02/01/2022. For today’s rates, select the applicable account at bankofamerica.com/depositsrates. Rates may change at any time without prior notice, before or after the account is opened, and may vary by location. Fees may reduce earnings. Accounts, product terms, and fees may vary by location, and we may discontinue and/or add new account types at any time. Please consult a financial center, visit bankofamerica.com or see the Personal Schedule of Fees (found at bankofamerica.com/fees) for account fees and additional information about accounts.
Reproduction, purchase, sale, transfer or trade of this offer is prohibited.
3 How to qualify as a Student: For Bank of America Advantage SafeBalance Banking when you notify us an owner of this account is a Student, we will waive the monthly maintenance fee on such account for each statement cycle during which such owner of the account qualifies as a Student. A Student is defined as an account owner who is both enrolled in school or an educational or vocational program and under 25 years old. Please refer to your Personal Schedule of Fees for details. Fiduciary titled accounts, including UTMA / UGMA, do not qualify for the under the age of 18 or the Student waiver. ↩
4 Balance Connect™ for overdraft protection allows you to link your eligible checking account with up to 5 eligible Bank of America accounts for overdraft protection. This optional service can help you cover your payments and purchases, and save on overdraft fees by automatically transferring available funds from your linked backup account(s) when needed. Overdraft Protection Transfer Fees may apply. You may avoid the transfer fee by monitoring your account activity in Online and Mobile Banking and transferring funds into your checking account on your own before an overdraft occurs. Overdraft protection transfers from a linked savings account count towards the six transactions you're allowed each month from your savings account and may lead to a Withdrawal Limit Fee. Please refer to your Personal Schedule of Fees for details. Overdraft protection transfers from a linked Bank of America Home Equity line of credit are considered advances and the amount advanced is subject to interest or finance charges as provided in the line of credit agreement. Please refer to your line of credit agreement for additional details. Overdraft protection transfers from a linked credit card will be Bank Cash Advances under your Credit Card Agreement and will accrue interest at the APR stated in your Credit Card Agreement. Please refer to your Credit Card Agreement for additional details. ↩
9 When you place a lock on your debit or ATM card via Online or Mobile Banking, it will prevent most types of card transactions from being processed until you take action to unlock your card. Any virtual cards linked to the locked card will also be locked. However, the lock will not stop card transactions presented as a new recurring or a previously scheduled recurring transaction by the merchant, transactions using other cards linked to your deposit account, or the posting of refunds or credit adjustments to your account. Additionally, transactions that occurred prior to locking the card will not be affected. Locking your card is not a replacement for reporting your card lost or stolen. This feature is available on the Mobile Banking app for iPad, iPhone and Android devices. Data connection required. Wireless carrier fees may apply. ↩
10 You may elect to receive alerts via text or email. Bank of America does not charge for this service but your mobile carrier's message and data rates may apply. Delivery of alerts may be affected or delayed by your mobile carrier's coverage. ↩
11 You must be enrolled in Online Banking or Mobile Banking to participate in the BankAmeriDeals® program and have either an eligible Bank of America® debit or credit card or Merrill credit card. Earned cash back will be credited into an eligible consumer deposit or credit account within 30 days following redemption. Data connection required. Wireless carrier fees may apply. ↩
12 To enroll in the Preferred Rewards program you must have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the balance tiers in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). You can satisfy the combined balance requirement for enrollment with either:
You must have a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. Private Bank clients qualify to enroll in the Diamond tier, and may qualify for the Diamond Honors tier based on their qualifying Bank of America, Merrill, and Private Bank balances. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on employee qualification requirements, please visit the Employee Financial Services intranet site.
Bank of America Advantage SafeBalance Banking, Bank of America Advantage Plus Banking, Bank of America Advantage Relationship Banking, BankAmeriDeals, Bank of America and the Bank of America logo are registered trademarks of the Bank of America Corporation.
The Contactless Symbol and Contactless Indicator are trademarks owned by and used with permission of EMVCo, LLC.
Overdraft Protection links your eligible checking account with another Bank of America account, and available funds are automatically transferred to cover overdrafts from your account.