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Asked by: Atilana Uruñuela
personal finance credit cardsDoes Bank of America charge for checking?
Bank of America is converting all eBanking accounts into its Core Checking product, which includes a $12 monthly fee. The first way to avoid the fee is to have a qualifying direct deposit of at least $250. The second is to maintain a minimum daily balance of $1,500 or more.
Simply so, does Bank of America charge for 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.
Beside this, does Bank of America have free checking?
Fee-free checking accounts without a minimum balance are increasingly rare among big traditional banks. The lowest-fee option now at Bank of America is a Safe Checking account. That charges a monthly fee of $4.95, but does not include checks or allow overdrafts.
Here are five ways to avoid Bank of America's monthly fees:
- Maintain a Minimum Balance.
- Have Qualifying Direct Deposits.
- Link Your Bank of America Accounts.
- Enroll in the Preferred Rewards Program.
- Qualify for the Student Waiver.