... we waive the monthly maintenance fee on the first three linked Advantage Relationship Banking accounts and on the first four linked savings accounts of any type. $12. Only Preferred Rewards for Business clients in the Platinum Honors tier qualify for a waiver of our standard wire fee for outbound domestic and international wires sent through the online channel (includes wires sent through Online Banking and Direct Payments). More banks are charging a monthly fee to customers who don’t maintain a minimum balance, The Chicago Tribune reports. Our Online Banking service allows you to view and print copies of checks that posted to your account within the last 90 days. Interest, less permissible fees, is paid to the state program. Include 1 Business Advantage Savings account as part of your Business Advantage Checking solution, Include 1 Business Investment Account as part of your Business Fundamentals Checking solution. Bank of America, the nation’s largest bank by assets, will begin the fee starting early next year, according to spokeswoman Betty Riess. The minimum amount you need to open each additional account, and other terms and fees, apply to each linked account. You can also avoid it by having an average daily balance of $5,000. See the disclosure information that accompanied your card for other fees that may apply. Fee: $5.00 per withdrawal OR 3% of the dollar amount of the transaction, whichever is greater. Yikes. Rates are subject to … The checking account features online bill pay, free account alerts, free transfers to other Bank of America accounts and a free Visa debit card. Bank of America is converting all eBanking accounts into its Core Checking product, which includes a $12 monthly fee. Pay no monthly maintenance fee for Business Advantage Checking when you meet one of the following requirements each statement cycle: Pay no monthly maintenance fee for Business Advantage when you meet one of the following requirements each statement cycle: Preferred Rewards for Business clients qualify for a waiver of this fee for transfers from a linked Bank of America business savings or secondary business checking account. Fee for each requested rush delivery of an ATM card or debit card, including the requested rush delivery of a debit sticker (tag) or other debit access device. Bank of America, N.A. The monthly fees: There’s an $8 monthly fee for savings accounts that do not keep a minimum balance of $500. With the Advantage Plus account, you’ll have to pay a monthly maintenance fee of $12. You can avoid the Monthly maintenance fee when you maintain combined balances of $10,000or more each statement cycle. After 2 copies there is a $3 fee for each copy, up to a maximum of $75 per request. Monthly maintenance fee. Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. Fee applies when you use a teller at another bank to withdraw cash using your debit card. You can often avoid this fee by viewing and printing your available checks in Online Banking. The next bank on the list and the second largest is Bank of America. Available funds from your savings or second checking account are automatically transferred to your checking account if you should overdraw your account. If you use an out-of-network ATM in the United States, you’ll pay $2.50 per transaction (plus whatever surcharge fees the ATM’s owner tacks on). See the disclosure information that accompanied your card for other fees that may apply. These ads are based on your specific account relationships with us. Bank of America also charges monthly fees for simply holding an account. You can prevent this fee by depositing enough available funds in your account to cover your overdraft plus any fees we assessed within the first five consecutive business days. For each time that your account is overdrawn five or more consecutive business days, we charge one Extended Overdrawn Balance Charge. Select your device. The standard Overdraft Item Fee is $35. So why waste money on bank fees? A replacement ATM card or debit card fee may also apply and would be in addition to the rush delivery fee. Bank of America ARMs use LIBOR as the basis for ARM interest rate adjustments. ÒÛ´�+$h¦7sºouÕtÌŸê¡N¹9FG£•OŞ¢•4ó„�+—€FE˜‰0Çàôñ£fø°N/n»uʀȒh¿�f&Ï �wt-!vÀõ¬ñ§—oDQ’¢tE,z_3¸8e™Õ-µETëˆVTb€Ãà0JhŒ™¡+7CV£\ÚYª ¶®u÷–ul=Íìæáête‹¢RPåIïhòÖÜËû\�ÊÃ�;z»¯ÌH>~Dœs®Ï,¢™_/’ëkÔ½. Preferred Rewards for Business clients qualify for a waiver of our standard wire fee for incoming domestic wire transfers. Please note that your account balance may still become negative. A minimum deposit is needed to open an account. If you prefer that we do not use this information, you may opt out of online behavioral advertising. We store copies of cancelled checks for seven years and do not return them with your statement. Automatically renews at maturity unless you choose the single maturity option. The standard NSF: Returned Item Fee of $35 applies if we return the item unpaid. For CDs with terms longer than 31 days, we will send you a maturity notice prior to renewal. Member FDIC. Consult your financial advisor about your state's requirements. Your request is being processed. Bank of America will begin charging debit card holders $5 a month for using their cards to access money for purchases. Please read it carefully. If you exceed these limits on more than an occasional basis, we may revoke your privileges on that account or we may convert your savings account to a checking account that may no longer earn interest. $25. How to avoid the monthly maintenance fee each statement cycle: Be enrolled in Preferred Rewards Footnote 9 The average monthly maintenance fee on a checking account is now $14.39. All rights reserved. Minimum opening deposit: $100 Monthly account maintenance fee: $25 (waived if you meet certain requirements, detailed below) ATM fees: No fee for using Bank of America ATMs. This account complies with the requirements of the IOLTA program for the state where it is opened. Text message fees may apply from your carrier. To determine what statements are available, sign into Online Banking and select the Statements and Documents tab. That charges a … A Business ATM Card lets you access Bank of America ATMs to make deposits, withdrawals or transfers. Bank of America mobile deposit makes it easy to add funds to your account using any device with a built-in camera. If you opt out, though, you may still receive generic advertising. Checking Grade: C-You can open Bank of America’s most basic checking account, AdvantageSafe Balance Checking, with a pretty standard $25 minimum opening deposit. As of June 2011, this account normally has a monthly fee of $8.95. Transaction fees may apply to some accounts. While Bank of America is not required by law to pay Overdraft Items, we may do so from time to time. You can often avoid this fee by viewing and printing your available statements in Online Banking instead of ordering the copy from us. Articles, tips and tools to help you and your business grow, See how business checking solutions combined with Online Banking services can help your business, (the sum of daily balances in the billing period divided by the number of days in that billing period), No fee for first 150 transactions per statement cycle; $0.45 per item thereafter, No fee for first 200 transactions per statement cycle; $0.50 per item thereafter, No fee for first 25 transactions per statement cycle; $0.45 per item thereafter, No fee for first 25 transactions monthly; $0.45 per item thereafter, $3 per statement cycle (Fee waived for Business Advantage Checking accounts), $3 per statement cycle (Fee waived for Business Advantage accounts), $5.00 per withdrawal OR 3% of the dollar amount of the transaction, whichever is greater, Deposited Item Returned or Cashed Item Returned, Overdrafts â Extended Overdrawn Balance, Transactions including: Checks paid/Other debits/Deposited items, No fee for first 200 transactions per statement cycle; $0.45 per item thereafter, No fee for first $7,500 in cash deposited per statement cycle; then $0.30 per $100 deposited thereafter, No fee for first 500 transactions per statement cycle; $0.45 per item thereafter, No fee for first $20,000 in cash deposited per statement cycle; then $0.30 per $100 deposited thereafter, No fee for first $5,000 in cash deposited per statement cycle; then $0.30 per $100 deposited thereafter, The Deposit Agreement and Disclosures limits the number of certain types of withdrawals and transfers from a savings account to a total of six (6) each monthly statement cycle, including Online and Mobile Banking transfers or payments. ), Incoming or Outgoing wire transfers and drafts (U.S. or International). 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