Ways to help avoid Overdraft Item Fees
Learn more about options you can use to help avoid Overdraft Item Fees.
How to help avoid
Overdraft Item Fees
Take advantage of tips and tools that can help you manage your account and avoid Overdraft Item Fees.
What is an overdraft?
An overdraft1 happens when you don’t have enough money available in your checking account to cover a purchase or a payment. When this occurs, one of three things can happen:
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The transaction will be declined, and we won't charge you a fee.
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We allow the transaction to go through, overdrawing your account, and may charge an Overdraft Item Fee.
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If you're enrolled in Balance Connect® for overdraft protection,2 your transaction is covered with available funds from an eligible linked backup account.
For more information on overdrafts, please visit our frequently asked questions (FAQs).
Balance Connect® for Overdraft Protection2
Cover your payments and purchases — and help avoid overdrafts — by automatically transferring available money from your eligible linked backup account(s).
Digital Tools
Use our Mobile Banking app3 to check your available balance and to set up alerts4 like account balance, payment, Erica® Balance Watch5 and more.
It’s easy to set up mobile alerts.
An account with no Overdraft Item Fees
With Bank of America Advantage SafeBalance Banking®, there are no Overdraft Item Fees. It's a straightforward and convenient banking option that helps prevent overspending.6
Note: Balance Connect® for overdraft protection is not available with Bank of America Advantage SafeBalance Banking® or Bank of America Advantage SafeBalance® for Family Banking as a covered or linked backup account.
Want to switch to SafeBalance Banking®?
Our specialists can help.
No cost to switch
Keep the same account number and debit card
Recurring payments will remain as scheduled
