SafeBalance Banking® helps set students on a path toward financial independence

As students’ financial needs grow and change, Bank of America is there every step of the way.

SafeBalance Banking®

  • No monthly maintenance fee for Students under 25.1
  • Student-friendly ways to pay including a contactless debit card backed by our $0 Liability Guarantee3 and Zelle®2 in our Mobile Banking app.4
  • Use our Mobile Banking app4 to transfer money7 between parents' and students’ accounts or to use features like Debit lock/unlock.10

Supporting students every step of the way

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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 app4

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No Overdraft Fees with SafeBalance®

An account with no overdraft fees and no paper checks9. Can be a sole owner of the account at age 16+.

Mobile Banking app icon

Mobile Banking app4

Conveniently and securely check balances, transfer money between accounts7, track spending and more — all from your tablet or smartphone.

$0 Liability Guarantee icon

$0 Liability Guarantee3

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

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Spending and Budgeting Tool8

See where you’re spending your money and get financial tips about saving.

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Custom Alerts6

Choose custom Mobile Banking app4, text or email alerts to monitor everything from knowing how much money is in your account to unusual card activity.

For parents & 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.

Things to Know When Opening a Bank Account

See tips for students as they prepare for the next step in their financial lives and learn tips on how they can get the most out of accounts, such as SafeBalance Banking®.

Essential Foundational Banking Terms Explained

Get an explanation of monthly maintenance fees1, overdrafting, ways to move money and what foundational banking terms mean. Together with tips for managing your first debit card, it’s all to help you make the most of your bank accounts.

Turn knowledge into action with Better Money Habits

Turn knowledge into action with Better Money Habits®

Whether you’re just starting out, preparing for college or teaching your kids about money, Better Money Habits® offers relevant, completely free content and resources to help you progress toward your goals.

Need more information? Our specialists are here to help.