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Advertising Practices

We strive to provide you with information about products and services you might find interesting and useful. Relationship-based ads and online behavioral advertising help us do that.

Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have.

If you prefer that we do not use this information, you may opt out of online behavioral advertising. If you opt out, though, you may still receive generic advertising. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements.

Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. These ads are based on your specific account relationships with us.

To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs.

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Find the tools students need for the financial independence they want

Bank of America Advantage SafeBalance Banking® can help set students up for financial independence with benefits like flexible ways to pay, a debit card and a monthly maintenance fee waiver for Students under 25¹.

Monthly Maintenance Fee Waiver

No monthly maintenance fee for Students under 25.¹

Ways To Pay

Student-friendly ways to pay, including a contactless debit card backed by our $0 Liability Guarantee.²

Mobile Access

Use our Mobile Banking app³ to transfer money⁴ between parents’ and students’ accounts.

Easy Anytime Access

Visit us at thousands of financial centers and ATMs. Or access Erica®⁵, your virtual financial assistant, available 24/7 in our Mobile Banking app.³

Ready to open a Bank of America Advantage SafeBalance Banking® account?

Let’s get started on your journey.

Supporting students every step of the way

$0 Liability Guarantee²

You’re not responsible for unauthorized transactions made by others using your Bank of America debit card, as long as you report them promptly.

No overdraft fees with SafeBalance Banking®

An account with no overdraft fees and no paper checks.⁶

Lock or unlock your debit card⁷

Temporarily lock a misplaced debit card and unlock it when it’s found.

Visa debit card

Debit cards make payments easy

Pay for things like late-night food runs, filling up the gas tank or that new pair of shoes with your contactless debit card. It's easy, it's fast and it's secure. Just tap to pay with your card or your Digital Wallet. Use the Mobile Banking app³ to add your card to your Digital Wallet.

Mobile Banking App All you need to know. All on your mobile device.

Parents and students can conveniently and securely check balances, transfer money between accounts, track spending and more — all from your tablet or smart phone.

Send money fast with Zelle®

Zelle®⁸ is a fast, easy and free way in our app to send and receive money with friends and family, straight to their bank accounts, no matter where they bank in the U.S.

Meet your virtual financial assistant

Erica®⁵ is Bank of America’s virtual assistant that can provide you with answers to your financial questions, 24/7.

Custom alerts⁹

In your Mobile Banking app³, choose custom notification, text or email alerts to monitor everything from knowing how much money is in your account to unusual card activity.

For parents and students learning about finances together

Our video series can help parents and students make the right moves. Get started with the videos below and watch the rest here.

Transcript

Things to Know When Opening a Bank Account

See tips for students as they prepare for the next step in their financial lives.

Transcript

Essential Banking Terms Explained

Get an explanation of ways to move money and what foundational banking terms mean to help you make the most of your bank accounts.

1

How to qualify as a Student: For Bank of America Advantage SafeBalance Banking®, when you notify us an owner of this account is a Student, we will waive the monthly maintenance fee on the account for each statement cycle during which such owner of the account qualifies as a Student. A Student is defined as an account owner who is both enrolled in school or an educational or vocational program and under 25 years old. Please refer to your Personal Schedule of Fees for details. Fiduciary titled accounts, including UTMA / UGMA, do not qualify for the under the age of 18 or the Student waiver.

2

Notify us within a reasonable time of the unauthorized use or the loss or theft of your card, card number, or PIN. Certain restrictions apply. Consult your account documents for details.

3

Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.

4

Fees apply to wires and certain transfers. See the Online Banking Service Agreement for details. Data connection required for online and mobile transfers. Wireless carrier fees may apply.

5

The mobile feature, Erica, is only available in the English language. The feature requires that you download the latest version of the Mobile Banking app and is only available in the Mobile Banking app for select iOS and Android devices. Message and data rates may apply. Your chat may be recorded and monitored for quality assurance. The screens depicted above are for illustrative purposes only and may not appear exactly as Erica responds in the mobile app.

6

No paper check writing available with this account setting.

7

When you place a lock on your debit or ATM card via Online or Mobile Banking, it will prevent most types of card transactions from being processed until you take action to unlock your card. Any virtual cards linked to the locked card will also be locked. However, the lock will not stop card transactions presented as a new recurring or a previously scheduled recurring transaction by the merchant, transactions using other cards linked to your deposit account, or the posting of refunds or credit adjustments to your account. Additionally, transactions that occurred prior to locking the card will not be affected. Locking your card is not a replacement for reporting your card lost or stolen. This feature is available on the Mobile Banking app for iPad, iPhone and Android devices. Data connection required. Wireless carrier fees may apply.

8

Zelle® should only be used to send money to friends, family or others you trust. We recommend that you do not use Zelle® to send money to those you do not know. Transfers require enrollment in the service with a U.S. checking or savings account and must be made from an eligible Bank of America consumer or business deposit account. Transactions between enrolled users typically occur in minutes and transactions between enrolled consumers do not typically incur transaction fees from Bank of America. We will send you an email alert with transaction details after you send money using Zelle®. Dollar and frequency limits apply. See the Online Banking Service Agreement at bankofamerica.com/serviceagreement for further details. Data connection required. Message and data rates may apply. Neither Bank of America nor Zelle® offers a protection program for any authorized payments made with Zelle®. Regular account fees apply.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

9

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.

Deposit products and services are provided by Bank of America, N.A. And affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

Bank of America Advantage SafeBalance Banking®, Erica, Better Money Habits, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.

The Contactless Symbol and Contactless Indicator are trademarks owned by and used with permission of EMVCo, LLC.

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