At Glance
- Accessible network of branches and ATMs
- Convenience of all-in-one banking
- Highly rated mobile banking app
Overview
Bank of America is the second-largest bank in the U.S. in terms of assets. The bank is fairly average and does not stand out from its competitors. If having everything in one place important to you, then Bank of America might be a solid choice. In other words, whatever services or products are needed, they probably have it. Other selling points might include the award-winning mobile app or significantly higher, daily ATM cash withdrawals (up to $1,000) and debit card purchase limits (up to $5,000).
Popular Services
| Account Name | Details |
|---|---|
| Bank of America Core Checking | Minimum to Open: $25 Monthly Fee: $12 Monthly Fee Waiver: $1,500 daily balance OR $250 direct deposit Non-Network ATM Fee: $2.50 Daily ATM Limit: $1,000 |
| Bank of America Interest Checking | Minimum to Open: $100 Monthly Fee: $25 Monthly Fee Waiver: $10,000 daily balance OR Preferred Rewards Tier of Gold or higher Non-Network ATM Fee: $2.50 APY: 0.01% – 0.02% |
| Bank of America Regular Savings | APY: 0.01% Difference from National Average: -0.05% Minimum Balance for APY: $0 Monthly Fee: $5 Fee Waivers: $300 daily minimum, linked Interest Checking, Preferred Rewards membership OR $25 repeating automatic transfer from Bank of America checking account |
