Bank of America Advantage Plus Banking

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About Bank of America Checking Accounts

The Bank of America Advantage Plus Banking from Bank of America is one of the top-rated Checking Accounts options evaluated on MoneyCompared, earning an overall product score of 9.3/10. Full-service branch checking account with Balance Connect overdraft protection, Erica virtual assistant, 3,800+ branches, and Preferred Rewards eligibility.

Key highlights include 0.01% APY, a fee structure of $12 Monthly Fee ($0 w/ $250+ Direct Deposit or $1,500 Balance), and $200 New Checking Offer with Qualifying Direct Deposits. Accounts are backed by FDIC Insured up to $250,000 and supported by Bank of America's 4.8 / 5.0-rated digital banking experience.

Features

Annual Fee $12 Monthly Fee ($0 w/ $250+ Direct Deposit or $1,500 Balance)
Regular APR / Rate 0.01% APY
Intro Offer / Welcome Bonus $200 New Checking Offer with Qualifying Direct Deposits
Savings APY / AER Preferred Rewards Tier Access + 15,000+ Bank of America ATMs
Minimum Deposit $100 Minimum Opening Deposit
Foreign Transaction Fee 3% Foreign Transaction Fee
Deposit Insurance FDIC Insured up to $250,000
Mobile App Rating 4.8 / 5.0
Overall Rating 9.3 / 10

About Product

  • Annual / Monthly Fee: $12 Monthly Fee ($0 w/ $250+ Direct Deposit or $1,500 Balance)
  • APR / APY Rate: 0.01% APY
  • Intro Offer / Bonus: $200 New Checking Offer with Qualifying Direct Deposits
  • Key Benefits: Preferred Rewards Tier Access + 15,000+ Bank of America ATMs
  • Minimum Requirement: $100 Minimum Opening Deposit
  • Foreign Transaction Fee: 3% Foreign Transaction Fee
  • Protection: FDIC Insured up to $250,000

Pros

  • Rate / APR / APY: 0.01% APY
  • Fee Structure: $12 Monthly Fee ($0 w/ $250+ Direct Deposit or $1,500 Balance)
  • Welcome Offer / Benefit: $200 New Checking Offer with Qualifying Direct Deposits
  • Rewards & Highlights: Preferred Rewards Tier Access + 15,000+ Bank of America ATMs

Cons

  • Minimum Requirement: $100 Minimum Opening Deposit
  • Subject to Bank of America eligibility and account terms

Ready to check your rate for Bank of America Advantage Plus Banking?

Visit the official Bank of America website to view current terms, eligibility, and apply online.

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