Opening a checking account is one of the simplest ways to take control of your finances, and Bank of America makes it easy to get started. With thousands of branches across the country and user-friendly digital tools, this banking giant offers options that fit various needs.
Whether you want low fees, perks for high balances, or a purely digital experience, Bank of America has you covered with its versatile checking account choices.
Why Choose Bank of America?
Bank of America stands out for its combination of nationwide accessibility and cutting-edge digital features. With over 3,900 branches and 16,000 ATMs, it’s one of the most accessible banks in the U.S., making it convenient for almost anyone. Beyond that, their mobile app is packed with features like Zelle® for quick transfers, bill pay, and spending insights, giving you full control over your finances anytime, anywhere.
Another reason Bank of America is a top choice is its Preferred Rewards program, which offers benefits like waived fees, better interest rates, and credit card rewards. Plus, the variety of checking account options ensures you’ll find something tailored to your financial habits, whether you’re a student, a frequent saver, or someone who prefers a fully digital banking experience.
If you’re looking for a bank that balances traditional services with modern conveniences, Bank of America checks all the boxes.
How to Open Your Bank of America Checking Account
Opening a Bank of America checking account is a straightforward process, whether you choose to do it online, in person, or through their mobile app. Here’s a step-by-step guide to get started:
1. Choose the Right Checking Account
Decide which Bank of America checking account suits your financial habits. Whether you prefer low fees, high balance benefits, or a digital-first option, review the features of each account type to find the best fit.
2. Gather the Required Information
Make sure you have everything you’ll need to complete the application. This includes:
- Your residential address
- Social Security number
- Email address
- Valid primary and secondary forms of ID
For joint accounts, you’ll need the same information for the co-applicant.
3. Apply Online, In-Person, or Through the Mobile App
- Online: Visit the Bank of America website, select your preferred account, and complete the online application form.
- In-Person: Stop by your nearest branch to apply with a representative. They can guide you through the process and answer any questions.
- Mobile App: Download the Bank of America mobile app, navigate to the checking account section, and start your application.
4. Fund Your Account
Once your application is approved, you’ll need to make an initial deposit to activate your account. The minimum deposit varies by account type, ranging from $25 to $100. You can fund your account through:
- An electronic transfer from another bank
- A debit card payment
- Cash deposit at a branch
5. Set Up Online Banking and Start Using Your Account
After funding your account, enroll in Bank of America’s online banking platform or mobile app to access features like bill pay, mobile check deposits, and spending insights. You’ll also receive your debit card, which you can activate for immediate use.
Bank of America Checking Accounts Overview
When deciding which Bank of America account best suits your financial needs, the bank provides three primary offerings under their Advantage Banking portfolio. Each account is designed to serve a different type of user based on their unique needs and financial behaviors.
Bank of America Advantage Plus Banking®
Ideal for individuals, especially students, the Bank of America Advantage Plus Banking® account is a suitable option for those who require a low minimum balance. This account demands a minimum opening deposit of $100 and a monthly maintenance fee of $12.
However, the monthly service fee can be waived for account holders under certain conditions. You must be under 25, have a qualifying direct deposit of $250, maintain a minimum daily balance of $1,500, or be enrolled in Preferred Rewards.
Account holders have the convenience of paying through a debit chip card, Zelle®, a digital wallet, and also paper checks if they choose to purchase them.
Bank of America Advantage Relationship Banking®
The Bank of America Advantage Relationship Banking® account is specifically designed for individuals who maintain high balances in their accounts. Account holders have the potential to earn interest based on their balance. They also enjoy several benefits, including waived monthly maintenance fees and free incoming domestic wires.
Additionally, they can open extra checking or savings accounts without any monthly fees. However, without maintaining a combined balance of $10,000 across all Bank of America accounts or being a member of the Preferred Rewards program, a monthly service fee of $25 is charged. Payment options include a debit chip card, Zelle®, a digital wallet, and paper checks, if requested or purchased.
Bank of America Advantage SafeBalance Banking®
The Bank of America Advantage SafeBalance Banking® account is a unique option for those who prefer a “checkless” banking experience, thereby eliminating traditional paper check writing.
A minimum opening deposit of $25 is required, and there’s a monthly service fee of $4.95. However, it can be waived for students under 25 or members of the Preferred Rewards program. The payment methods include a debit chip card, Zelle®, and a digital wallet.
Compare Bank of America to the other best national banks of 2025.
Comparison of Fees, Waivers, and Deposit Requirements
Here’s a quick breakdown of the fees, waiver options, and minimum deposit requirements for Bank of America’s three main checking accounts:
| Account Type | Monthly Fee | Fee Waiver Options | Minimum Deposit |
|---|---|---|---|
| Advantage Plus Banking® | $12 | Qualifying direct deposit, maintain a daily balance of $1,500, or enroll in Preferred Rewards | $100 |
| Advantage Relationship Banking® | $25 | Maintain a combined balance of $10,000 across accounts or enroll in Preferred Rewards | $100 |
| Advantage SafeBalance Banking® | $4.95 | Be under 25 years old or enrolled in Preferred Rewards | $25 |
Digital Banking Tools and Features
Bank of America’s digital banking tools make managing your money simple and convenient. Their highly rated mobile app offers features like mobile check deposit, bill pay, and the ability to send and receive money instantly with Zelle®. You can also set up spending alerts to keep track of your finances and use budgeting tools to plan for upcoming expenses.
The mobile banking app also prioritizes security. With two-factor authentication and customizable card controls, you can feel confident that your money and personal information are safe. Need to freeze your card or dispute a transaction? These actions can be done in just a few taps.
For those who prefer online banking, the desktop platform is just as robust. It provides access to account details, spending reports, and even personalized insights to help you meet your financial goals.
Bottom Line
Bank of America provides a broad spectrum of checking accounts to cater to the diverse needs of their customers. Whether you’re a student looking for low minimal balance requirements, a high-balance holder seeking benefits, or someone who prefers digital transactions over paper checks, Bank of America has an account for you. Always consider your financial habits, lifestyle, and needs when choosing the right checking account.
