Understanding Bank of America Interest Checking: An Overview of Key Policies and Fees
Understanding Bank of America Interest Checking: An Overview of Key Policies and Fees
Understanding Bank of America Interest Checking: An Overview of Key Policies and Fees
Monthly Maintenance fee $25.00 Each month, or no Monthly Maintenance fee when you maintain combined
balances of $10,000 or more each statement cycle. Combined balances include:
Average daily balances for the statement cycle in linked checking, savings and
money market savings accounts, AND
The current balances, as of the end of the checking statement cycle in linked
personal CDs and IRAs, AND
The current balance, as of two business days before the end of the checking
statement cycle, in your eligible linked Merrill Lynch investment accounts.
ATM fees
Bank of America® ATMs No ATM fee For deposits, withdrawals, transfers or balance inquiries
Non-Bank of America $2.50 In the U.S., plus any fee charged by the ATM's operator
ATMs
$5.00 Outside the U.S., plus any fee charged by the ATM's operator
Overdraft policy
• To help you avoid fees, we won't authorize ATM withdrawals or everyday debit card purchases when you don't have enough money
in your account
• We offer two overdraft setting options for how you want us to process your other transactions, such as checks and scheduled
payments
Overdraft settings and fees
Option 1: Standard $35.00 per We may approve checks or scheduled payments that cause an overdraft. Use this
overdraft or setting if you want transactions to be completed, even though you'll pay a fee. You
declined/ pay a $35 Overdraft Item fee for each payment that goes through, or a $35 NSF:
returned Returned Item fee for each one that doesn't. There's no NSF: Returned Item fee for
transaction one-time or recurring declined debit card payments. However, an Overdraft Item fee
can apply to a recurring debit card payment that is completed. No more than 4
Overdraft or Returned Item fees are charged per day.
Option 2: Decline-All $35.00 per We won't authorize any transactions that will cause an overdraft.
declined/ You pay a $35 NSF: Returned Item fee for each transaction that does not go
returned through. There's no NSF: Returned Item fee for declined debit card payments. No
transaction more than 4 Returned Item fees are charged per day.
Emergency cash $35.00 per You may be able to authorize an overdraft and access cash at a Bank of America
at the ATM overdraft ATM. You'll pay a $35 Overdraft Item fee for the ATM withdrawal unless you deposit
transaction money to cover your overdraft by the end of the business day.
Extended Overdrawn $35.00 Additional fee when your account stays overdrawn for 5 consecutive business days
Balance charge (excludes Saturday and Sunday).
Overdraft Protection1 $10.00 With Overdraft Protection, if you're about to overdraw your account, we'll
transfer fee per transfer automatically transfer available funds from your linked savings, credit card or second
eligible checking account. Only 1 transfer fee charged per day.
Transfer fee waived for transfers from savings or second eligible checking.
This Clarity Statement summarizes key policies and fees for this account. For more information about the terms
that govern your account, please review your Personal Schedule of Fees and Deposit Agreement.
1. Overdraft Protection transfers from your credit card are Bank Cash Advances and will accrue interest at the Bank Cash Advance APR statement in your Credit Card Agreement.
Please refer to your Credit Card Agreement for additional details.
Information is current as of 05/2014 and is subject to change. See reverse
Additional fees
Additional fee waivers may be available to U.S. Trust® and qualified Merrill Lynch Wealth Management® clients. Please contact your advisor to learn more.
Merrill Edge and Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") and other
subsidiaries of BAC.
Investment products:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of BAC
© 2014 Bank of America Corporation. ARJYDNKJ | 00-53-5420NSB | ALL STATES | 12/2013