Business Advantage account holders can avoid the monthly fee if they make $2,500 in net new purchases a month on business credit cards, maintain an average monthly balance of $15,000 or higher, maintain a combined average monthly balance of $35,000 or higher in linked Bank of America business accounts, and regularly use Bank of America Merchant or Payroll services. Expert review. Bank of America offers one checking account with 3 settings. The first way to avoid the fee is to have a qualifying direct deposit of at least $250. As a business owner for over the past 8 years I always strive to have a really good checking account with good features. Trust balances are the current account balance as of close of the prior day for eligible trust account types: IRAs, Agency accounts, Revocable Trust accounts and Custody accounts. Bank of America offers a variety of account options, including checking, savings, CDs, IRAs, and investment accounts. Not only that, but its offerings of banking products have grown to include home loans, auto loans, investment opportunities with Merrill Lynch and more. Here’s a compilation of all the Bank of America Checking, Savings, and Business account promotions, deals, and bonus money offers.Typical offers have been for $100, $200, $300 and on up to $2,500. 1 The 1% for the Planet account is the Any Deposit Checking account that donates 1% of the net revenue to environmental nonprofits through the 1% for the Planet organization. Bank of America Advantage SafeBalance offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). With the Advantage Relationship checking account, you can earn interest and rewards with a higher balance. Yikes. It is waived for customers who maintain a minimum daily balance of at least $100 and $500 for the regular and the Rewards Savings account, respectively. With humble beginnings in 1904 as the Bank of Italy, the Bank of America of today has expanded worldwide. Bank of America Advantage Plus Banking®: This account is designed for individuals and students who want an account with a low minimum balance requirement. [Visual of a no-fee checking account with other potential fees including out-of-network fees, bounced check fees, minimum balance fees and overdraft fees.] Checking Accounts. 2 Deposits include direct deposit, mobile deposit, ATM deposit, or in-branch deposit of any amount. Bank of America is one the nation’s largest banks with thousands of branch locations, and they’re good with providing special bank offers to get new customers. Checking. Bank of America Core Checking Account has a $12 Monthly Maintenance fee which is waived with at least 1 direct deposit of $250 each month or maintain a minimum daily balance of $1,500 or more. Do your own homework beforehand and know everything your lender will bill a fee. International Wealth Checking: U.S. dollar based account with a low minimum balance requirement and unlimited transactions. 6 The mobile feature, Erica, is … Bank of America Advantage SafeBalance requires a minimum initial deposit of $25 to open an account. Bank of America is one of the largest banks in the U.S. and it offers a wide selection of products and services. Banks charge monthly checking account maintenance fees that vary, from as little as $6 to as much as $15 per month, to account holders who don't meet minimum balance or monthly deposit requirements. Bank of America Overview. Bank of America has phased out eBanking and transferred those customers to “core checking accounts” that require them to contribute a direct deposit of at least $250 a month (that’s $3,000 a year) or keep a minimum daily balance of at least $1,500 to avoid the $12 monthly fee. To be fair, checking accounts are expensive to maintain for banks. 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