Bank of America Advantage Plus Banking

Advantage Plus Banking is one of Bank of America's consumer checking accounts, alongside the $25 Advantage Relationship account that earns interest. The Personal Schedule of Fees effective August 7, 2026, still the version served on October 14, 2026, lists Advantage Plus Banking as a non-interest bearing account with a $100 minimum to open. The monthly maintenance fee is $12, and it goes to $0 in any statement cycle where you have at least one qualifying direct deposit of $250 or more, or you keep a minimum daily balance of $1,500 or more, or an account owner is enrolled in BofA Rewards at the Preferred Plus, Preferred Honors, or Premier tier. The direct deposit route needs only one qualifying deposit of $250 or more in the statement cycle rather than a monthly total. The BofA Rewards route is harder to reach. Preferred Plus is the lowest tier that qualifies, and it covers $30,000 to $100,000 in three-month combined average daily balance. The Member tier, below $30,000, does not waive the maintenance fee, so treat the rewards route as a perk for existing wealth rather than a way out of the fee. The Overdraft Item Fee is $10.00 per item, capped at two items per day, so the worst case is $20 a day. Bank of America also charges nothing on everyday non-recurring debit card and ATM transactions, nothing on items that overdraw you by $1 or less, and nothing when it declines or returns an item unpaid. Balance Connect can pull from a linked account instead. Out of network ATMs cost $2.50 in the US and $5.00 abroad, plus the operator's surcharge. Take this account if a $250 direct deposit hits reliably and you want branch access. Skip it if you cannot fund $100 to open, if your balance would sit idle, since the account pays nothing, or if you are chasing the BofA Rewards waiver without $30,000 to back it.