Bank of America fees explained.
Common Bank of America fee categories
| Fee type | What it usually covers | Typical waiver condition |
|---|---|---|
| Monthly maintenance | Keeping the account open each statement cycle. | Often waived with qualifying direct deposit, a minimum daily balance, or being a Preferred Rewards member (per current BofA terms). |
| Out-of-network ATM | Using a non-Bank-of-America ATM; the ATM operator may also charge. | Use BofA or AllPoint-network ATMs. |
| Overdraft item | Charged per item that overdraws the account, subject to the account's overdraft settings and a daily cap. | Decline overdraft coverage, link a backup account, or maintain a buffer. |
| Wire transfer | Different amounts for domestic incoming/outgoing and international. | Rarely waived except in some relationship tiers. |
| Stop payment | Stopping a check or pre-authorized payment. | Per-incident; rarely waived. |
How to find the exact fee that applies to you
Bank of America's fee schedule differs by account type (Advantage SafeBalance, Plus, Relationship, etc.) and changes over time. The authoritative source is the personal schedule of fees provided with your specific account in online banking or on bankofamerica.com. Verify any fee you see cited elsewhere against that document.
Where Kronos fits
Kronos is an iOS money app for gig workers and freelancers that organizes income records, 1099 documents, mileage, receipts, payment requests, and transfer status. KronosPay LLC is a financial technology company, not a bank or lender, and is unrelated to Bank of America. Any provider-dependent fee inside Kronos is shown before approval. Read the bank-status page.
Official sources
Does Bank of America charge a monthly fee?
Many BofA consumer accounts have a monthly maintenance fee waived under conditions in the current schedule (qualifying direct deposit, minimum balance, or Preferred Rewards). Check your specific account.
Is Kronos affiliated with Bank of America?
No. KronosPay LLC is unrelated to Bank of America and publishes a gig-income records app, not a bank account.
General educational information only; not financial, tax, or legal advice. "Bank of America" and related marks are trademarks of Bank of America Corporation; this independent guide was not sponsored, reviewed, or endorsed by Bank of America.