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Maintain a minimum balance of at least $1,500. ... 3 Types of Bank of America Checking Accounts in 2021. ... or maintain the minimum daily balance requirement ($1,500). Bank of America Advantage ...
It's common for checking accounts to impose a minimum balance requirement. If you don't meet it, you could be charged a fee. Usually, $1,000 is above that requirement, but it all depends on your bank.
Many banks no longer impose minimum balance requirements on everyday checking, but premium accounts — like Bank of America Preferred Rewards — often come with hefty minimum balance ...
3 out of 5 Overall. Key Features. Low opening balance required. Multiple ways to waive the monthly fee. No overdraft fees. SEE DETAILS. You can open Bank of America’s most basic checking account ...
This is how most checking account balances are measured. An account balance may drop below the required amount throughout a given day as long as the balance requirement is met at the end of the business day. [3] For example: Joan has a checking account with a "$1,600 minimum daily balance."
Bank of America’s Advantage Relationship Banking product offers interest rates of 0.01% on your checking account balance of up to $50,000 and 0.02% on balances above $50,000.
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