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These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

African American woman and her husband signing mortgage agreement during a meeting with their bank manager.

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Each one offers different features and benefits to suit many different needs.

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Advertised as the companys simple banking solution, it offers the features most people need with no frills.

you’re free to still deposit checks in branches or through the mobile app.

You wont earn interest with this account.

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Overdraft Protection

Bank of America offers Balance Connect for overdraft protection.

This transfers money from your linked accounts to cover a payment.

There are no transfer fees, but some charges will get a $10 overdraft fee.

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Balance Connect isnt available to use with Bank of America Advantage SafeBalance Banking.

Like the SafeBalance account, an Advantage Plus account also has fees for out-of-online grid ATM use.

Open an account online or in a local BofA branch.

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To open an account choose the account youd like to open.

ensure you have the minimum opening deposit available for the account you choose.

Bank of America will process your utility in 1 to 2 business days, according to the website.

Youll need a $25 minimum deposit to launch the account.

Youll need a $100 minimum opening deposit to open your account.

An Advantage Relationship Banking account requires a minimum opening deposit of $100.

you’re free to learn more about the promotions Bank of America is offeringhere.

Then, do your research to double-check the bank you pick can help you meet them.

Emily Gaddcontributed to the reporting of this article.

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