Skip to main content Show
Savings Accounts FAQsSelect Your StatePlease tell us where you bank so we can give you accurate rate and fee information for your location. | When do I start earning interest on my savings account?
Interest begins to accrue on the day the account is processed, not the day the application is submitted. The application will be processed at the interest rate that was effective on the day that the application was submitted. With a Bank of America Advantage Savings account the more you save the more you could earnPlease select your countyEnter your zip codePlease enter the zip code for your home address so we can give you accurate rate and fee information for your location. Skip to main content
Bank of AmericaAdvantage BankingFlexible checking for students like you Ready to open your Bank of America Advantage Banking account?
If you don't have a Social Security number or are not 18 years or older, come in and see us. Schedule an appointment Answer a few questions to help us get you to the right place. First, tell us your age:Answer a few questions to help us get you to the right place. Do you have a valid Social Security number?Great! You can apply for your own account today! Let's confirm: You're applying for Bank of America Advantage SafeBalance Banking®
Good news, you can start your application online!
You're applying for Bank of America Advantage SafeBalance Banking®
Let's connectWe can help you open your account at a financial center What to bring to your appointment 1. Government-issued photo ID 2. One additional form of ID International student?See accepted documents for U.S. visa holders You must be able to provide both your foreign and local address, as well as your ITIN (Individual Tax Identification Number). You'll also need the following: 1. Proof of U.S. residency 2. One primary photo ID 3. One secondary ID Note: College students, please bring proof of enrollment (a valid student ID, transcript or acceptance letter) to get your student fee waiver. Lets connectWe can help you at one of our financial centers. You'll need a co-applicant over 18, like a parent or guardian. What your parent/guardian should bring along 1. Government-issued photo ID 2. One additional form of ID 3. Two forms of ID for you International family?See accepted documents for U.S. visa holders Your parent/guardian must be able to provide both your foreign and local address, as well as your ITIN (Individual Tax Identification Number). They'll also need to bring the following: 1. Proof of U.S. residency 2. One primary photo ID 3. One secondary ID 4. Two forms of ID for you Lets connectWe can help you find the right account and walk you through applying at one of our financial centers. To open an account, you'll need a co-applicant over 18, like a parent or guardian. What your parent/guardian should bring along 1. Government-issued photo ID 2. One additional form of ID 3. Two forms of ID for you International family?See accepted documents for U.S. visa holders Your parent/guardian must be able to provide both your foreign and local address, as well as your ITIN (Individual Tax Identification Number). They'll also need to bring the following: 1. Proof of U.S. residency 2. One primary photo
ID 3. One secondary ID 4. Two forms of ID for you The Bank of America Advantage SafeBalance Banking® checking account is a smart choice for students, with no monthly maintenance fee if you're under 25 and enrolled in school or an educational or vocational program. Online and Mobile Banking helps put you in control of when and where you bank. Need cash? We won’t be hard to find with thousands of ATMs and financial centers. Your debit card comes with our $0 Liability Guarantee and chip technology for additional security. Lost your card? Temporarily lock it from the Mobile Banking app or Online Banking. Found it? Unlock it the same way. The Mobile Banking app, now together with Zelle®, lets you securely send money to almost anyone within minutes using their email address and mobile number — even if they're not a Bank of America customer. Build your savings automatically when you enroll in the program with your eligible accounts. Looking for another option?Bank of America Advantage Banking offers multiple checking account settings Compare settings Does Bank of America have checking and savings accounts?How can I open a checking account with Bank of America? You can apply online for a checking account, savings account, CD or IRA.
What is the difference between savings account and checking account?The main difference between checking and savings accounts is that checking accounts are primarily for accessing your money for daily use while savings accounts are primarily for saving money. Checking accounts are considered “transactional,” meaning that they allow you to access your money when and where you need it.
Is a savings account with Bank of America free?Fees. The Bank of America Advantage Savings account requires a $100 opening deposit, which is on the higher end for brick-and-mortar savings accounts. There is an $8-per-month maintenance fee that is waived for the first six months for new account holders.
What is the minimum balance in Bank of America savings account?You can avoid the Monthly Maintenance Fee when you meet ONE of the following requirements during each statement cycle: • Maintain a minimum daily balance of $500 or more, OR • Link your account to your Bank of America Advantage Relationship Banking®, Bank of America Advantage® with Tiered Interest Checking or Bank of ...
|