What Is The Minimum Balance To Avoid Fees Bank Of America?

Описание: Do you know what it takes to dodge those pesky bank fees? Let's dive into the world of Bank of America's minimum balance requirements and how you can keep more of your hard-earned cash in your pocket."

Number 1. What Is The Minimum Balance To Avoid Fees Bank Of America?

Alright, let's tackle the first question that's probably been on your mind: What exactly is the magic number to avoid those monthly fees at Bank of America? Well, the good news is it's not an astronomical figure. You can steer clear of the Monthly Maintenance Fee by meeting just one of these requirements during each statement cycle:

Maintain a minimum daily balance of $500 or more in your account. This means keeping at least $500 in your account each day of the month. It's like a little safety net to ensure you don't get dinged with fees.

Link your account to your Bank of America Advantage Relationship Banking. If you've got another account with Bank of America, like an Advantage Relationship Banking account, you can link them up. It's like a BFF system for your accounts, and it helps you avoid those pesky fees.

So, there you have it! Not too shabby, right? Just keep that $500 cushion in your account, or buddy up your accounts, and you'll be sailing fee-free with Bank of America.

Number 2. How Do I Avoid $12 Fees at Bank of America?

Now, onto the specifics of avoiding the $12 fees at Bank of America's Advantage Plus Banking. If you've got an Advantage Plus account, you'll need to keep a few things in mind to sidestep that monthly maintenance fee.

First off, there's a $100 minimum opening deposit, which isn't too steep. Then, to avoid the $12 fee, you've got a couple of options:

Make at least one qualifying Direct Deposit of $250 or more. This could be your paycheck, a tax refund, or any other direct deposit that hits that $250 mark. It's like a little bonus for using direct deposit.

Maintain a minimum daily balance of $1,500 or more. Similar to the first point, you can also avoid the fee by keeping a bit more in your account. $1,500 might sound like a lot, but think of it as your account's happy place where it gets to live fee-free.

So, whether you're a direct deposit guru or just want to keep a healthy balance in your account, Bank of America gives you a couple of straightforward paths to dodge those $12 fees. It's all about finding what works best for your financial flow and making sure you hit those requirements each month.

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