Never ever pay a keen overdraft commission for the Financial away from America Virtue SafeBalance Banking account

Use of funds

Lender out-of The united states Advantage SafeBalance Banking account holders can be easily availability their cash every day because of BoA’s community more than sixteen,one hundred thousand totally free ATMs. You’ll be able to go to certainly BoA’s cuatro,000-including branches for all your in-people financial needs.

Instead of other examining accounts, Financial out-of The united states Advantage SafeBalance Financial doesn’t costs people overdraft otherwise low-enough financing charge. To greatly help the users prevent overdrawing from their membership, deals would-be refused and you will came back delinquent when they don’t have sufficient cash in its membership. You may set up email or cellular notification to alert your if you have a decreased harmony on your own account or whenever items are not repaid.

Lender out of The usa Advantage SafeBalance Banking is actually a “checkless” checking account, which means profiles never generate private paper inspections. Customers is send and receive currency so you can anyone else through Zelle®, that’s integrated into BoA’s Mobile Banking app.


  • Generate income straight back having BankAmeriDeals®, offers connect with participating stores and you will eating. Activation is required to make use of for each deal.
  • Zelle try integrated in to BoA’s Cellular Financial software, allowing you to send and receive currency within seconds.
  • More 16,100000 commission-free Financial regarding The united states ATMs, for finding bucks otherwise put cash on the newest wade without having to pay a charge.
  • Usage of Erica, your own virtual banking secretary.
  • Mobile consider deposit, that enables you to without difficulty need a photograph from a check and you can deposit it using BoA’s Cellular Financial software, saving you a visit to an automatic teller machine otherwise financial.
  • Lock and discover their cards, halting very new purchases if the credit was stolen, lost otherwise missing. Autopay, output, loans and several almost every other transactions may remain processed.

The financial institution out of The usa Virtue SafeBalance Bank account means a reduced $25 minimal beginning deposit and a month-to-month repairs fee away from $4.95. Members can be waive the newest $cuatro.95 monthly fee by fulfilling one among them criteria for every declaration cycle:

  • Become a favorite Benefits customer (means a minimum around three-day joint average each day balance away from $20,one hundred thousand during the being qualified Financial out-of The usa put membership and/or Merrill® investment accounts)
  • Be a student not as much as decades 24 that has signed up for twelfth grade or a school, college or university or vocational system

The fresh monthly fee and you may membership put minimal was below most other BoA examining levels: the bank out-of The click for info usa Advantage And additionally Financial® ($one hundred minimum put; $twelve fee every month) together with Bank regarding America Virtue Relationship Financial® ($a hundred minimum put; $25 fee every month). In lieu of both of these almost every other examining accounts, Financial of The usa Virtue SafeBalance Financial plus charges no overdraft or non-adequate money charges.

If you are Bank of The united states enjoys over sixteen,100 payment-free ATMs, if you are using a non-Bank regarding The usa Atm, Bank from The usa will cost you an automatic teller machine commission from $dos.fifty for every You.S. transaction otherwise $5 for each overseas country deal. Brand new Automatic teller machine operator can also fees an extra fee.

Bottom line

The lending company regarding The usa Virtue SafeBalance Bank account is a good beginner bank account whilst need a minimal lowest put and you may has a moderate monthly fee (it is able to prevent charge when you are a student), as well as zero overdraft otherwise low-sufficient funds fees.

Because the Bank out of The united states Virtue And Banking does need a good high minimum put ($100), this is an excellent alternative since it enjoys significantly more options to waive the fresh new fee every month. Discover Select’s full overview of the lending company away from The usa Advantage Together with Banking account.

The individuals seeking to discover a great BoA family savings must look into Bank away from The usa Virtue Savings, which rated to the Select’s selection of a knowledgeable brick-and-mortar offers membership. Know all about it’s benefits and you can advantages in our BoA Virtue Coupons comment.

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