Bank of America Advantage Checking Overview

Bank of America’s Advantage Checking suite offers a tailored approach to personal banking, with three distinct account types designed for different customer needs. From digital-first simplicity for younger users to interest-bearing options for more established account holders, Advantage Banking delivers flexibility, strong digital tools, and access to one of the largest ATM and branch networks in the U.S. Each account under the Advantage umbrella comes with mobile banking, debit card access, and the potential for fee waivers. Whether you're looking to avoid overdraft fees, write checks, or earn interest on your balance, there's an account option that can align with your financial behavior.

Pros & Cons

Bank of America Advantage at a Glance

Fees:

• SafeBalance: $4.95/month (waived for <25 years)
• Plus: $12/month (waived with $250 DD or $1,500 min. balance)
• Relationship: $25/month (waived with $10,000 balance or Preferred Rewards)

Security: FDIC insured, SSL encryption, biometric login, and 2FA options

Online Experience: Full online banking capabilities, user-friendly layout, rates and fees disclosed transparently

Mobile App: Available on iOS/Android, includes mobile check deposit, Zelle, Erica® assistant, alerts, budgeting

Customer Support: Live chat, phone, secure message, and in-branch help; extended hours including weekends

Suitable For?

Bank of America Advantage Checking is well-suited for:

• Students & young adults seeking low-fee, digital-first banking (SafeBalance)
• Professionals wanting check-writing and online bill pay (Advantage Plus)
• Affluent users with linked BofA accounts or investment products who can benefit from fee waivers and interest (Advantage Relationship)

It's also ideal for individuals who value access to physical branches and a wide ATM network, while also benefiting from comprehensive digital tools.

Features / Highlights

Advantages Over Traditional Banks

Advantage Checking users gain fee waiver options, overdraft protection, and tiered benefits through Bank of America’s Preferred Rewards program. Unlike many traditional accounts, SafeBalance prevents overdraft fees by declining transactions that exceed available funds.

Cutting-Edge Banking Services

The mobile app includes features like real-time balance updates, mobile check deposits, transfers, and bill pay. Erica®, the bank’s AI virtual assistant, provides smart alerts, spending insights, and automated savings tips. Customers can link checking with savings and credit accounts to track finances holistically.

Traditional Banking Services

Bank of America offers access to over 16,000 ATMs and 3,900+ financial centers nationwide. Account holders can access mortgages, auto loans, IRAs, and credit cards within the same platform. Check-writing is available with Advantage Plus and Relationship accounts.

Interest Rates and Fees

*Rates current as of November 2025. Subject to change and based on balance tiers.

Customer Service and Online Experience

Customer service is available through multiple channels: online chat, phone, secure messaging, or in-branch visits. The site provides robust FAQs, fee schedules, and financial education resources. Account setup can be completed online in minutes.

• Phone: 8 a.m. – 9 p.m. ET (Mon–Fri), 9 a.m. – 6 p.m. ET (Sat), 8 a.m. – 5 p.m. ET (Sun)
• Live Chat: Available during support hours via online banking and mobile app
• Secure Email: Accessible 24/7 through the online banking portal (responses during support hours)

Mobile App

The Bank of America mobile app (iOS & Android) offers advanced functionality. Features include:

• Erica® virtual assistant
• Mobile check deposit
• Transaction alerts
• Budgeting and tracking tools
• In-app Zelle transfers

Security

All Advantage Checking accounts come with multi-layer security: SSL encryption, biometric login support, two-factor authentication, and optional fraud alerts. Bank of America maintains a dedicated fraud protection team.

Application Process

1. Apply online or in-branch
2. Provide Social Security number and U.S. address
3. Fund with a minimum opening deposit (usually $25+)
4. Select account type (SafeBalance, Plus, Relationship)
5. Set up online and mobile banking access

Bank of America Advantage Summary

Bank of America Advantage Checking delivers flexibility, security, and accessibility across three account options. Whether you're a student seeking simplicity, or a customer looking for interest and advanced features, there's a tailored solution available. While monthly fees can apply, the variety of waiver options make this a strong contender for everyday banking. Digital tools, a well-rated mobile app, and access to an extensive national branch and ATM network further enhance its appeal.

Physical Address

Bank of America Corporation

100 N Tryon St

Charlotte, NC 28255

United States

Disclaimers

This content is for informational purposes only. For the most accurate and up-to-date information, please refer to the official Bank of America website. Account terms, conditions, and fees are subject to change.

Having explored the features and benefits of this product, you might be curious about how it stacks up against its competitors. We encourage you to visit our comprehensive comparison chart for a broader perspective. This chart offers a detailed juxtaposition of this product with other leading brands, highlighting differences in features, pricing, and customer ratings. It’s an invaluable resource for contrasting your options and making an informed decision that best suits your needs. Don’t miss out – take a moment now to view our comparison chart and see how your chosen product compares in the wider market.

AI was used in the creation of this content, along with human validation and proofreading.