Bank of America is a public company that provides financial services relating to credit cards, equity trading, wealth management, asset management, mortgage loans, mutual funds, private equity, and many more. Bank of America offers many exciting deals to its cardholders. Such as there are BankAmeriDeals which allows its users to save their money on some of the purchases they make using a Bank of America card.
You will have access to Bank of America’s ATMs easily because they have a total number of 16,000 ATMs present as per the data available. And if you use the ATM of Bank of America then you will not be charged a fee but if you wish to use some other bank’s ATM you will be charged a fee.
In this blog, we will discuss the fees that are charged after Bank of America Login and how to avoid them.
Bank of America fees
The bank charges various fees from its users and some of them are mentioned below along with their charges. You will be able to view all the bank charges after Bank of America login.
- Checking Account Fees
Depending upon the type of your account fees are charged accordingly. If you have Advantage SafeBalance the monthly service fees for it is $4.95. Advantage Plus account owners are charged $12 and $25 for the Advantage relationship account.
- Other types of Checking fees
Some other types of fees are like if an International Transaction is made 3% will be charged. In case of an overdraft balance, $10 is charged for each overdraft that is over $1.
But if you made a wire transfer the fees vary depending upon the amount of the transaction.
- Savings Account Fees
Bank of America’s advantage savings account requires $8 for every month as a maintenance charge. It also charges $10 additionally if you withdraw money more than 6 times every month. The number of withdrawal transactions that can be made monthly in the savings account is $10.
Ways to avoid paying Maintenance Charge
Every account has different methods and schemes to avoid maintenance fees therefore always confirm with the bank whether it applies to you or not.
Following is the list of techniques that you can use:
- Student Waiver Account
If you have an account with Advantage Savings or Advantage Safe Balance and are below the age of 25 and are currently being enrolled in an academic institution, then you should enroll yourself in Student Waiver Account and enjoy its benefits of not paying maintenance fees.
- Enrollment in the Rewards Program
To have the benefits of the rewards program you will have to enroll your account in this and have to meet all the required conditions to avail of its benefits. You can enroll into them automatically after Bank of America login online.
Bottom Line
In this blog, we discussed some new ways to avoid maintenance fees being charged after the Bank of America Login and the different types of fees that are being imposed on their customers. There are many more ways by which you can waive your fees which you may know directly from your bank.
