Supergraphic: Overdrafts can happen
In today’s on-the-go world, overdrafts can happen.
Supergraphic: It can be tough to keep track of recurring payments
You may have multiple recurring monthly payments, and it’s easy to lose track of the dates they’re all scheduled to post. Or perhaps you write a check, and the recipient doesn’t cash it for several days.
Whatever the case, if you have insufficient funds, Bank of America may make the payment and overdraw your account, or we may return the payment unpaid.
Text on screen: The result could be an overdraft or returned item fee.
The result could be an overdraft or returned item fee.
Supergraphic: There are three options to help you prevent overdrafts
There are three ways Bank of America can help you prevent these fees now and in the future.
Text on screen: Option 1: Check your balance regularly
The first is to use our mobile banking app or online banking to check your balance regularly.
You can then set up alerts that notify you if your balance goes below an amount you choose, when certain kinds of payments are processing, or when a direct deposit is credited to your account.
Text on screen: Option 2: Enroll in Balance Connect™ for overdraft protection
The second way you can help cover your payments and purchases- and help to avoid overdraft fees- is by enrolling in Balance Connect™ for overdraft protection,
Text on screen: Balance Connect™ for overdraft protection
Link your checking account to up to five backup accounts
Disclosure: There are no cash advance fees, just interest at the Bank Cash Advance APR
which allows you to link your checking account to up to five backup accounts.
Supergraphic: To enroll use our Mobile Banking app or in Online Banking
You can enroll in Balance Connect and manage your backup accounts in our Mobile Banking app or in Online Banking. Available funds are automatically transferred from your linked backup accounts to help cover your payments and purchases when needed.
Text on screen: One $12 Overdraft Protection Transfer Fee per day no matter the number of transactions covered
You pay one $12 overdraft protection transfer fee on days this service is used- no matter how many transactions are covered or how many backup accounts are used.
Text on screen: Learn more in our Mobile Banking app or Online Banking
You can learn more in our mobile banking app or in Online Banking.
Supergraphic: Option 3: Switch to Bank of America Advantage SafeBalance Banking®
Third and finally, if overdraft protection isn’t an option for you, switching to Bank of America Advantage SafeBalance Banking® is another great choice.
Text on screen: Bank of America Advantage SafeBalance Banking®
Transactions are declined if you have insufficient funds
No overdraft or returned item fees
Keep your account number and debit card numbers
Disclosure: This account can still be overdrawn
With this account, transactions are declined if there are insufficient funds to cover transactions–with no overdraft or returned item fees, and you conveniently keep your existing account and debit card numbers.
Supergraphic: Purchases are authorized only when funds are available
Debit card purchases and Zelle® payments will only be authorized if funds are available in your account
Text on screen: Debit card & Zelle® transactions with insufficient funds will be declined
and we will decline the transaction if you have insufficient funds. This is part of Bank of America’s commitment to helping you manage your finances and help to avoid overdraft fees.
Supergraphic: We want to help you avoid overdraft fees
Find out more about which overdraft protection services are right for you
Text on screen: www.bankofamerica.com
Contact us (800) 432-1000
by logging in to online banking, by giving us a call, or making an appointment to visit your nearby financial center.
End Screen 1:
Bank of America logo
Learn more: Bankofamerica.com/Overdraft
End Screen 2 disclosures:
Screen images simulated. Sequences shortened.
You may elect to receive alerts via text or email. Bank of America does not charge for this service, but your mobile carrier’s message and data rates may apply. Delivery of alerts may be affected or delayed by your mobile carrier’s coverage.
Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.
Our overdraft fee of $35 may apply for overdrafts created by check, recurring debit card transactions, or other electronic means. If your account is overdrawn, you must immediately bring your account to a positive balance. We pay overdrafts at our discretion and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing.
Overdraft Protection is also available from your Bank of America credit card. Overdraft Protection transfers from your credit card are Bank Cash Advances. They are subject to overdraft protection cash advance fees and will accrue interest at the Bank Cash Advance APR. Please refer to your Credit Card Agreement for additional details.
Balance Connect™ for overdraft protection allows you to link your eligible checking account with up to 5 eligible Bank of America accounts for overdraft protection. This optional service can help you cover your payments and purchases, and save on overdraft fees by automatically transferring available funds from your linked backup account(s) when needed. Overdraft Protection Transfer Fees may apply. You may avoid the transfer fee by monitoring your account activity in Online and Mobile Banking and transferring funds into your checking account on your own before an overdraft occurs. Overdraft protection transfers from a linked savings account count towards the six transactions you're allowed each month from your savings account and may lead to a Withdrawal Limit Fee. Please refer to your Personal Schedule of Fees for details. Overdraft protection transfers from a linked credit card will be Bank Cash Advances under your Credit Card Agreement and will accrue interest at the APR stated in your Credit Card Agreement. Please refer to your Credit Card Agreement for additional details.
Overdraft Protection Transfer Fees may apply. If your linked back-up account does not have enough available funds to cover the necessary amount, we may decline to make the transfer. Overdraft protection transfers from a linked savings account count towards the six transactions you're allowed each month from your savings account and may lead to a Withdrawal Limit Fee. You may avoid the transfer fee by monitoring your account activity in Online and Mobile Banking and transferring funds into your checking account on your own before an overdraft occurs. Please refer to your Personal Schedule of Fees for details. Overdraft protection transfers from a linked credit card will be Bank Cash Advances under your Credit Card Agreement and will accrue interest at the APR stated in your Credit Card Agreement. Please refer to your Credit Card Agreement for additional details.
Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
Bank of America Advantage SafeBalance Banking, Bank of America and the Bank of America logo are registered trademarks of the Bank of America Corporation.
Bank of America, N.A. Member FDIC. ©2022 Bank of America Corporation.
