The following fees are sourced directly from the Bank of America Personal Schedule of Fees dated February 2026. Rates are verified and may change — confirm current fees at bankofamerica.com before opening an account.
Note: Effective on or about May 26, 2026, the Preferred Rewards program is being renamed to BofA Rewards. References to Preferred Rewards tiers (Gold, Platinum, Platinum Honors, Diamond Honors) apply to the equivalent BofA Rewards tiers going forward. Fee waiver eligibility conditions remain the same.
Checking Account Monthly Fees
Bank of America offers four personal checking accounts. Each has a monthly maintenance fee that can be waived by meeting one of the qualifying conditions during each statement cycle.
| Account | Monthly Fee | Minimum to Open |
|---|---|---|
| Advantage SafeBalance Banking | $4.95 | $25.00 |
| Advantage SafeBalance Banking for Family Banking | $4.95 | $25.00 |
| Advantage Plus Banking | $12.00 | $100.00 |
| Advantage Relationship Banking | $25.00 | $100.00 |
Advantage SafeBalance Banking — $4.95/month
Waive the fee by meeting one of the following each statement cycle:
- An owner on the account is under the age of 25, OR
- Maintain a minimum daily balance of $500 or more, OR
- An owner is enrolled in BofA Rewards and qualifies for Gold, Platinum, Platinum Honors, or Diamond Honors tier
Key account details: No overdraft item fees. No paper checks. Direct deposit accepted. Sole ownership available for ages 16+. Non-interest bearing.
Advantage SafeBalance Banking for Family Banking — $4.95/month
Waive the fee by meeting one of the following each statement cycle:
- An owner or child on the account is under the age of 25, OR
- Maintain a minimum daily balance of $500 or more, OR
- An owner is enrolled in BofA Rewards and qualifies for Gold, Platinum, Platinum Honors, or Diamond Honors tier
Key account details: Designed for parents opening an account for a child under 18. Digital account only. No overdraft item fees. No paper checks. The parent is the account owner; the child may use a debit card. External money transfers (ACH, Zelle), direct deposits from non-BofA sources, and third-party payment apps (Venmo, Cash App, PayPal) are restricted for the child.
Advantage Plus Banking — $12.00/month
Waive the fee by meeting one of the following each statement cycle:
- Have at least one qualifying direct deposit of $250 or more made to your account, OR
- Maintain a minimum daily balance of $1,500 or more, OR
- An owner is enrolled in BofA Rewards and qualifies for Gold, Platinum, Platinum Honors, or Diamond Honors tier
Key account details: Non-interest bearing. Accepts direct deposit. For help calculating whether your balance qualifies, see the Bank of America minimum balance guide.
Advantage Relationship Banking — $25.00/month
Waive the fee by meeting one of the following each statement cycle:
- Maintain a minimum daily balance of $20,000 or more, OR
- An owner is enrolled in BofA Rewards and qualifies for Gold, Platinum, Platinum Honors, or Diamond Honors tier
Key account details: Interest bearing at a variable rate. Comes with additional perks: no monthly maintenance fee on select additional consumer checking or savings accounts you own; free standard checks or discounts on certain styles; no fee for incoming domestic wire transfers; no stop payment fee.
Savings Account Monthly Fee
| Account | Monthly Fee | Minimum to Open |
|---|---|---|
| Advantage Savings | $8.00 | $100.00 |
For new accounts: Bank of America waives the monthly fee for six months from account opening.
Waive the $8 fee by meeting one of the following each statement cycle (after any applicable waiver period):
- Maintain a minimum daily balance of $500 or more, OR
- Own a Bank of America Advantage Relationship Banking account, OR
- An owner is enrolled in BofA Rewards and qualifies for Gold, Platinum, Platinum Honors, or Diamond Honors tier, OR
- An owner of this account is under the age of 25
Key account details: Interest bearing at a variable rate. No overdraft item fees. No paper check writing. This account is not eligible to be enrolled in Balance Connect as a covered account, but can be linked as a backup account.
For the full strategy on avoiding these fees, see the Bank of America minimum balance guide.
Overdraft Fees
| Fee | Amount |
|---|---|
| Overdraft Item Fee | $10.00 per item |
| Maximum overdraft fees per day | 2 items ($20.00 maximum) |
| NSF / returned item fee | No charge |
Accounts with no overdraft item fees: Advantage SafeBalance Banking, Advantage SafeBalance Banking for Family Banking, and Advantage Savings do not have overdraft item fees.
Balance Connect: You can link your Advantage Savings account to a checking account for overdraft protection. Transfers are at no charge. Note: Advantage Savings cannot be the covered account in a Balance Connect arrangement — it can only be the backup source.
ATM Fees
| Fee | Amount |
|---|---|
| Withdrawals, deposits, transfers at a Bank of America ATM | No fee |
| Non-Bank of America ATM — withdrawals and transfers in the US | $2.50 each |
| Non-Bank of America ATM — withdrawals and transfers in a foreign country | $5.00 each |
| Non-Bank of America Teller Withdrawal Fee | Greater of $5.00 OR 3% of transaction amount, maximum $10.00 |
| International Transaction Fee (debit card purchase in foreign currency) | 3% of the US dollar amount |
| International transaction in US dollars | $0 |
The Non-Bank of America Teller Withdrawal Fee applies when you authorize another financial institution to use your card or card number to conduct a transaction processed as a cash disbursement.
Debit Card Fees
| Fee | Amount |
|---|---|
| Rush Replacement ATM or Debit Card | $15.00 per card |
Wire Transfer Fees
| Wire Type | Fee |
|---|---|
| Domestic outgoing wire | $30.00 |
| Domestic incoming wire | $15.00 |
| International outgoing wire in US dollars | $45.00 |
| International outgoing wire in foreign currency | No wire fee (exchange rate markups apply) |
| International incoming wire | $15.00 |
Advantage Relationship Banking: No fee for incoming domestic wire transfers or stop payments.
For international wire transfers, additional fees may apply from the recipient’s financial institution, foreign taxes, and other costs. BofA is required by law to disclose the exact fees you will incur for international wires before processing.
Other Account Fees
| Fee | Amount |
|---|---|
| Stop Payment | $30.00 per request |
| Check and Deposit Ticket Orders | Fee varies |
| IRA Direct Custodian Transfer Processing Fee | $50.00 per plan, per occurrence |
| Check Image Service | No fee |
| Check Copy | No fee |
| Deposit Slips and other Credit Items (copies) | No fee |
| Statement Copy | No fee |
| Check Cashing — Bank of America customer | No fee |
| Check Cashing — Non-relationship customer (BofA checks over $50) | $8.00 per check |
Advantage Relationship Banking: No stop payment fee included with this account.
Related Bank of America Guides
- Bank of America minimum balance requirements — Full detail on how balance thresholds are calculated and which accounts count
- Bank of America ATM withdrawal limits
- Bank of America transfer limits
- Bank of America overview
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