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Could building your financial vocabulary help build your confidence?
Before you open any bank account, get to know what key terms mean so you can make the most of it.
For instance, some accounts have a monthly maintenance fee. But if you’re an eligible student enrolled in school, you may qualify for a monthly maintenance fee waiver on certain accounts.
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Monthly maintenance fee waiver
Also, understanding what an "overdraft" is can benefit you in the long run.
An overdraft happens when you spend more money than what is available in your account. With Advantage SafeBalance Banking®, there are no overdraft fees.
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No overdraft fees
Balance alerts
With all accounts, it's a good idea to set balance alerts through your Mobile Banking app so you'll always know where you stand.
It’s also important to know that accepting payments electronically instead of using paperchecks is a faster way to make your money more readily available.
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Moving money, digitally
To help you make payments, you can use your debit card, Digital Wallet or your Mobile Banking app.
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Debit card
Digital wallet
Mobile Banking app
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When it comes to finances, we can help students make the right moves.
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WHAT WOULD YOU LIKE THE POWER TO DO?®
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Bank of America logo
Start building a strong financial future today at bankofamerica.com/student
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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.
While this account prevents you from overdrawing in most cases, there may still be times when your account could have a negative balance. This could happen if a transaction is approved for one amount, but the actual charge is more than the amount of money in your account. For
example, when you use your debit card for a meal and then add a tip. In this situation, the full payment may go through and result in a negative balance on your account, but we will not charge you an overdraft fee.
Alerts received as text messages on your mobile access device may incur a charge from your mobile access service provider. This feature is not available on the Mobile website. Data connection required. Wireless carrier fees may apply.
Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.
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