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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.

Bank of America participates in the Digital Advertising Alliance ("DAA") self-regulatory Principles for Online Behavioral Advertising and uses the Advertising Options Icon on our behavioral ads on non-affiliated third-party sites (excluding ads appearing on platforms that do not accept the icon). Ads served on our behalf by these companies do not contain unencrypted personal information and we limit the use of personal information by companies that serve our ads. To learn more about ad choices, or to opt out of interest-based advertising with non-affiliated third-party sites, visit YourAdChoices powered by the Digital Advertising Alliance or through the Network Advertising Initiative's Opt-Out Tool. You may also visit the individual sites for additional information on their data and privacy practices and opt-out options.

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

En español

Overview
Banking Basics
Spending & Saving
Credit & Borrowing
Products & Services
- Overview
- SafeBalance® Banking

En español

Bank of America Advantage SafeBalance Banking®

SafeBalance Banking® is a smart choice for students and young adults with no monthly maintenance fee for SafeBalance Banking® accounts with an owner under 25¹ and this account has no overdraft fees.

No monthly maintenance fee

A SafeBalance Banking® account offers no monthly maintenance fee for SafeBalance Banking® accounts with an owner under 25.¹

No overdraft fees

SafeBalance Banking® helps keep you from spending more than you have,² and this account has no overdraft fees.

Send money with Zelle®

Bank of America and Zelle® provide a fast way to send and receive money with friends and family, no matter where they bank in the U.S..³

Convenient Access

Get cash from thousands of ATMs and financial center locations.

Bank of America Advantage SafeBalance Banking®

Help your financial journey progress with checkless banking⁴ and flexible ways to pay. Plus, no monthly maintenance fee for SafeBalance Banking® account owners under 25¹ and this account has no overdraft fees.

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

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Debit cards make payments easy

Open a Bank of America Advantage SafeBalance Banking® account and get a debit card to make quick, and secure transactions. See all of the friendly features that come with Bank of America debit cards.

Get started with Debit

$0 Liability Guarantee⁵

You’re not responsible for unauthorized transactions, when reported promptly.

Get cash

Get cash at thousands of Bank of America ATMs.

Lock misplaced cards⁶

Temporarily lock and unlock your debit card if you misplace it.

Ways to Pay

Use your debit card at Contactless terminals and add your card to your digital wallet.

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Bank of America Advantage Savings

Our savings account can help you grow your money with no monthly maintenance fees for Advantage Savings account owners under age 25.⁷ Use impressive resources and tools, like Keep the Change®, to help boost your savings even more.⁸

Get started with Bank of America Advantage Savings.

We can help parents, teens and young adults choose the right accounts and digital tools for success.

Schedule an appointment

Connect with an advisor who will explain account details further and help you get started.

Bank with ease, from almost anywhere

The Bank of America Mobile Banking app⁹ is packed with features to help manage accounts all in one place.

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Message and data rates may apply.

Terms and Conditions

Message and data rates may apply.

Terms and Conditions

1

Bank of America Advantage SafeBalance Banking® is a checkless account where we will waive the $4.95 monthly maintenance fee each statement cycle you meet one of the following requirements:  an owner of this account is under the age of 25, maintain a minimum daily balance of $500 in this account, or are enrolled in Preferred Rewards.  Please refer to your Personal Schedule of Fees for fees and other services. Fiduciary titled accounts, including UTMA / UGMA, do not qualify for the under the age of 25 requirement to waive the monthly maintenance fee.

2

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.

3

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 Bank of America does not charge a transfer fee. 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 purchase protection for payments made with Zelle®. Please treat Zelle® payments like cash, once you send the money, you are unlikely to get it back – for example, you do not receive the item you paid for using Zelle® or the item received is not as described. Regular account fees apply. In some circumstances, you may not be able to enroll in Zelle® immediately.

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

4

No paper check writing available with this account setting.

5

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.

6

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.

7

We will waive the $8 monthly maintenance fee on the Bank of America Advantage Savings account each statement cycle you meet one of the following requirements (after the expiration of any applicable waiver): an owner of this account is under the age of 25, maintain a minimum daily balance of $500 in this account, or are enrolled in Preferred Rewards. Please refer to your Personal Schedule of Fees for fees and other services. Fiduciary titled accounts, including UTMA / UGMA, do not qualify for the under the age of 25 requirement to waive the monthly maintenance fee.

8

Upon enrollment, we will round up your Mastercard® or Visa® debit card purchases to the nearest dollar and transfer the difference from your checking account to your Bank of America® savings account. We may cancel or modify the Keep the Change service at any time without prior notice. Keep the Change is not available for Small Business debit cards.

9

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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