What type of checking accounts does Bank of America offer?

Bank of America technically only offers a single checking account program called Bank of America Advantage Banking. However, this account comes in three variations: Bank of America SafeBalance Banking®, Bank of America Advantage Plus Banking® and Bank of America Advantage Relationship Banking®.

Is SafeBalance banking a checking account?

Bank of America Advantage SafeBalance Banking is a “checkless” checking account, which means users cannot write personal paper checks. Account holders can send and receive money to others via Zelle®, which is integrated into BoA’s Mobile Banking app.

What is the minimum balance in Bank of America checking account?

Bank of America Core Checking Account has a $12 Monthly Maintenance fee which is waived with at least 1 direct deposit of $250 each month or maintain a minimum daily balance of $1,500 or more.

Is Bank of America a good checking account?

Bank of America is a good choice for customers who want the comfort of having a bank branch or an ATM close by. That convenience is offset by savings accounts and CDs that have lackluster interest rates.

What is minimum balance for Bank of America checking account?

How much does it cost to have a checking account?

A checking account provides a great tool for money management, keeping your money both safe and easily accessible. However, many banks and credit unions charge a fee to own a checking account. These fees generally range from $4 to $20 although they can reach higher depending on your bank and account type.

What is a high rate checking account?

A high-yield checking account is exactly what it sounds like: It’s a checking account that has an annual percentage yield (APY) that’s much higher than those offered by standard checking accounts, which usually offer no interest at all. (Note that a high-yield savings account is a different product.