How much is the Bank of America monthly fee?

Bank of America Advantage Plus Banking charges a $12 monthly maintenance fee, waived with a single qualifying direct deposit of $250 or more, a $1,500 minimum daily balance, or enrollment in the Preferred Rewards program. Advantage SafeBalance Banking is $4.95/month (waived for those under 25 or with Preferred Rewards), and Advantage Relationship Banking is $25/month.

How much does Bank of America charge for overdraft?

Bank of America charges a $10 overdraft fee, with a maximum of two per day, and has eliminated non-sufficient-funds (NSF) returned-item fees. SafeBalance accounts are designed to decline transactions rather than overdraw, so they avoid the fee entirely. The $10 fee is lower than Chase's $34 or Wells Fargo's $35, but it is still a fee for spending money you have coming in.

Does Bank of America charge for wires and ATMs?

Yes. Outgoing domestic wires are about $30 (often waived for Preferred Rewards tiers), incoming domestic wires about $15, and international wires more. Out-of-network ATM use incurs a $2.50 Bank of America fee plus the ATM owner's fee. Kronos uses free ACH and network ATMs.

How do I avoid Bank of America fees?

Meet a monthly waiver (a $250 direct deposit or a $1,500 balance on Advantage Plus, or join Preferred Rewards), use a SafeBalance account to avoid overdraft, and skip wires and out-of-network ATMs — or switch to a $0-fee account such as Kronos, with no monthly fee and no overdraft fee on the free plan and no credit check to open.

Bank of America fees in 2026 — the full list

Bank of America has the friendliest overdraft policy of the big three — $10, capped at two a day — but the monthly maintenance fee, wires, and ATM charges are still there. Here's the plain breakdown, and what it looks like to just pay $0.

Join the waitlist

The monthly maintenance fee, by account

Bank of America's main everyday account, Advantage Plus Banking, charges a $12 monthly maintenance fee. You avoid it each statement cycle by one of:

A single qualifying direct deposit of $250 or more, or
A $1,500 minimum daily balance, or
Enrollment in Preferred Rewards (which requires qualifying Merrill/BofA balances).

The rest of the lineup: Advantage SafeBalance Banking is $4.95/month — waived for account holders under 25 or in Preferred Rewards — and it's built to decline rather than overdraw. Advantage Relationship Banking is $25/month. On Advantage Plus, missing the waiver costs $144 a year, the same as Chase.

Overdraft: the lowest of the big three

This is where Bank of America genuinely differs. It charges $10 per overdraft item, capped at two per day — so a worst-case day is $20, versus $105 at Wells Fargo or multiple $34s at Chase. It has also eliminated NSF returned-item fees.

And the SafeBalance account avoids overdraft fees entirely by declining transactions that would overdraw the account — a genuinely consumer-friendly default. The catch is that a declined transaction at checkout has its own cost in friction. A lower fee is better than a high one, but $0 with no decline is better still.

Wires, ATMs, and the quiet costs

Outgoing domestic wire: ~$30 (often waived at higher Preferred Rewards tiers).
Incoming domestic wire: ~$15.
International wires: higher, plus FX margin.
Out-of-network ATM: a $2.50 BofA fee plus the ATM owner's fee.
Near-0% interest on standard checking and savings.

Figures reflect Bank of America's publicly posted consumer fee schedules at time of writing and are subject to change. Confirm current amounts on Bank of America's own disclosures.

Bank of America fees vs Kronos

Fee	BofA Advantage Plus	Kronos (free plan)
Monthly maintenance fee	$12 (waivable)	$0
Overdraft	$10/item, up to 2/day	$0
Outgoing wire	~$30	Free ACH
Out-of-network ATM	$2.50 + owner fee	Network ATMs
Account opening	ChexSystems screen	No credit check
Savings APY	~0%	2.5% (Pro)
Crypto trading fee	N/A — no crypto	0% (Pro)

How to avoid Bank of America fees

Use SafeBalance if overdraft is your main worry — it declines rather than charges, and is free under 25.
Meet the Advantage Plus waiver ($250 direct deposit or $1,500 balance) and skip wires and out-of-network ATMs.
Or switch to a $0-fee account. The move is the same as for any big bank — see the step-by-step switch guide.

Common questions

Is Bank of America's overdraft really only $10?

Yes — $10 per item, max two per day, and no NSF fees. It's the lowest overdraft among the big three. SafeBalance accounts avoid it entirely by declining transactions.

What's the catch with SafeBalance?

It can decline a transaction at the register instead of letting it through and charging a fee. Cheaper, but you may get caught short at checkout. A $0-fee account with a buffer avoids both problems.

Does BofA freeze accounts for crypto or gig income?

Like other big banks, BofA's risk model can flag crypto-adjacent and irregular-income patterns. Here's why that happens and how Kronos handles it differently.

Does Kronos charge any of these?

No monthly fee and no overdraft fee on the free plan; Pro ($9.99/mo) adds 2.5% APY and 0% crypto fees. Full breakdown.

About Kronos

KronosPay Inc. is a Delaware C-Corporation founded in 2026 by Sultan Mogaji to build banking without the big-bank fee playbook.

Compliance: DUNS 144991867 · FinCEN BSA MSB Tracking Number MRX26-00003995 · KYC via Plaid Identity Verification · cash deposits FDIC pass-through via partner banks (Lead Bank) through our banking partner.

Pay $0 instead

No monthly fee, no overdraft fee, no credit check.