How to Open a Bank of America Account? Many kinds of checking accounts are available from Bank of America. You may use the bank's well-regarded smartphone app to track your spending and save for the future with either. BofA provides customers access to an extensive branch and ATM network to facilitate their banking needs further. Bankrate gave Bank of America's deposit accounts 3.3 ratings overall.
Having a checking account is helpful since it allows you to pay bills, monitor your spending, and provide evidence of payment quickly and easily. Furthermore, it's a safer alternative to paying with hard currency. There are many banks to pick from if you're considering establishing an account, but Bank of America, Member FDIC, is regarded as one of the top national banks of 2022. So, it's no fluke that the bank offers a variety of solid checking account choices. Learn all you need to know to create an Advantage Banking checking account with this bank right now.
What Are The Requirements To Open A Bank Of America Account?
When applying for a checking account at Bank of America, you'll need to provide the following personal details:
- A current postal address
- The SSN
- One's the electronic mail address.
- Have your account number ready if you already have a checking account.
- All joint account holders have the same data.
- You'll need to provide two pieces of ID upon check-in. Primary identification that may be used to get access includes:
- Identification for operating a motor vehicle
- Photo ID issued by the state
- American passport
- ID card for military personnel
- A picture debit or credit card issued by Bank of America
The secondary ID verifies the primary ID. For example, the following are all examples of valid alternative forms of identification:
- High-limit credit card from a different bank
- Cards from large, well-known retailers, including department stores and discount retailers
- A debit card from a different financial institution that has the Visa or Mastercard logo
- Evidence of enrollment at a university in the United States
- Proof of enrollment in a secondary school in the United States
- Official U.S. work or employee identification card or badge
- Choose the best Bank of America to account for you.
When ready, choose the Bank of America checking account that fits your requirements and submit the required paperwork. Right now, customers of Bank of America may choose from three different.
Advantage Plus BankingĀ® Of Bank Of America:
This kind of account is ideal for those who seldom deposit money into their accounts, such as students. The $12 monthly service charge is waived for students under the age of 25 and for customers who have $250 deposited directly into their account each month, have a $1,500 minimum daily balance, or are members of Bank of America's Preferred Rewards program.
Relationship Banking With Bank Of America:
This option is available for account holders who typically keep a sizable sum in their primary checking account. You may create additional fee-free checking and savings accounts and receive domestic wires at no cost, in addition to earning interest. Advantage Relationship has a $25 monthly service charge if your Bank of America balances don't total at least $10,000 each, and you need to enroll in the Preferred Rewards program.
Advantage Bank Of America Safebalance BankingĀ®:
Due to the "checkless" nature of the Advantage SafeBalance account, paper checks are not permitted. It's more of a digital payment option, with a $4.95 monthly subscription charge eliminated for students under 25 and Preferred Rewards members. After reading about their features and benefits, users can now decide which of Bank of America's Advantage Banking checking accounts is best for them. Check out a review of the bank that discusses its services, the costs associated with those services, and how it stacks up against the competition if you need more convincing.
Will My Checking Account Be Safe?
In terms of safety, Bank of America is concerned. The bank will notify you immediately if there is any unusual activity on your account. Also, whenever you want to be warned if your monthly expenses go above a specific limit, you may do so using an online alert system. You will be notified immediately of any account activity. Additionally, Bank of America will not hold you liable for any unauthorized purchases made with your card if lost or stolen. Whenever you lose your Bank of America debit card, you may lock it using the website or mobile app to allow yourself more time to find and reactivate it before the card becomes useless.
Conclusion
Bank of America is one of the largest financial institutions in the United States. One may open a checking account at Bank of America and choose from various features. A click on any of these will take you to the best banking app available on your mobile device. The Bank of America network provides consumers with a wide selection of branch locations and automated teller machine options. The deposit accounts of Bank of America get 3.3 stars out of 5. One possible benefit of opening a checking account is the ability to verify and track financial transactions. It's a lot more secure than hard currency as well. In 2022, Bank of America, a Member of FDIC, is a top national bank.