Learn ways to help avoid overdraft fees.
An overdraft1 happens when you don't have enough money in your checking account to cover a payment or purchase but we allow the payment or purchase to be made. When this happens a fee may be charged.
The decision to allow an account to overdraft is made at our discretion. If we decide to decline your transaction or return it unpaid, we won't charge a fee.
Bank of America Advantage Plus Banking® and Bank of America Advantage Relationship Banking® accounts default to the “Standard” Overdraft Setting, which means we may cover payments and purchases as described above.
You may choose the "Decline All" Overdraft Setting if you prefer that we not cover your payments or purchases when there isn't enough money in your account.
For more information on overdrafts, please see our FAQs.
This is a no-overdraft-fee banking account and helps you spend only what's in your account.6 Switching is easy.
Note: Balance Connect® for overdraft protection is not available with SafeBalance Banking® as a covered or linked backup account.
Balance Assist® is a small dollar loan that eligible customers can apply for to help with unexpected expenses.
