By setting up a recurring qualifying direct deposit of at least $25 per month, the monthly fee is completely waived. To waive the $25 charge, account holders must keep a combined minimum balance of $20,000 across all their eligible Bank of America accounts.
Bank Of America Advantage Plus Comparison: Fees, Benefits, and How to Waive Them
Non-sufficient funds (NSF) fees still apply if transactions are attempted without adequate funds, and these are typically $35 per occurrence. ATM and Transaction Fees One of the key value propositions of the Advantage Plus account is the extensive ATM network access.
Additionally, the account waives standard domestic wire transfer fees, which can otherwise accumulate quickly for individuals managing frequent bill payments or international transfers. While non-customers often face hefty surcharges, Advantage Plus members receive refunds for ATM fees charged by other institutions, both domestically and internationally.
Bank Of America Advantage Plus Comparison: Fees, Benefits, and Eligibility
This includes savings, checking, and certain brokerage holdings, meaning the requirement is not isolated to the Advantage Plus account itself but reflects the overall relationship a customer maintains with the bank. Direct Deposit Waiver Option For individuals who may not meet the high balance threshold, a direct deposit waiver offers a more accessible alternative.
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