Sort_Audit: CC:00-53-5421NSB
Bank of America
®
Clarity Statement
®
Bank of America Core Checking
®
Overview of key policies and fees
Monthly Maintenance Fee
$12.00
each month
You can avoid the Monthly Maintenance Fee when you do ONE of the following each statement cycle:
• Make at least one qualifying Direct Deposit of $250 or more
• Maintain a minimum daily balance of $1,500 or more, OR
• Enroll in the Preferred Rewards program and qualify for the Gold, Platinum or Platinum Honors
tier (first 4 checking accounts).
Students under age 24 are eligible for a waiver of this fee while enrolled in high school, college or a
vocational program.
ATM fees
Bank of America ATMs
No ATM fee
For deposits, withdrawals, transfers or balance inquiries
Non-Bank of America ATMs
$2.50
In the U.S., plus any fee charged by the ATM's operator
$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 at the time of the transaction.
• When we determine you don't have enough money in your account to cover other items such as checks or scheduled payments, we'll either
authorize and pay the item and overdraw your account (an overdraft item), or decline or return the item unpaid (an NSF: returned item).
When this happens, you'll be charged a fee. See details below.
• We offer two overdraft setting options for how you want us to process your other transactions.
Overdraft settings and fees
Option 1: Standard -
Choose this setting if you want checks or scheduled payments to be completed, even though you'll pay a fee.
These transactions may be approved and cause an overdraft.
Option 2: Decline-All -
Choose this setting if you want us to decline or return transactions if you don’t have enough money in your
account at the time of the transaction. Checks or scheduled payments will be returned unpaid if you don’t have enough money in your
account and you will be charged an NSF: Returned Item Fee. Recurring debit card payments may be authorized when funds are
available but cause an overdraft when they post later which may result in an Overdraft Item Fee.
Overdraft Item Fee
$35.00
We’ll charge this fee for each item over $1 that we
per overdraft
authorize and pay, including recurring debit card payments.
However, we won't charge this fee if your account balance
is overdrawn by $1 or less.
NSF: Returned Item Fee
$35.00 per
We’ll charge this fee for each item over $1 that we decline
declined/returned
or return unpaid. One-time or recurring declined debit card
transaction
payments aren't charged this fee.
No more than 4
Overdraft or
Returned Item
fees are
charged per
day.
Overdraft
Protection
$12.00
With Overdraft Protection, if you're about to overdraw your account, we'll
Transfer Fee
1
per transfer
automatically transfer available funds from your linked savings or second eligible
checking account. Only 1 transfer fee charged per day that a transfer is made.
However, we won't charge this fee for any item that is $1 or less.
Please see the Personal Schedule of Fees and Deposit Agreement for your account terms.
1. Overdraft Protection is also available from your Bank of America credit card. Overdraft Protection transfers from your credit card are Bank Cash Advances. They are subject to
overdraft protection cash advance fees and will accrue interest at the Bank Cash Advance APR. Please refer to your Credit Card Agreement for additional details.
Information is current as of 08/2018 and is subject to change.
See reverse
Additional fees
Statement copies
(each copy)
$5.00
For each paper copy that you request from us.
No fee
Printable statements from the last 36 months are available in the Statements &
Documents tab in Online Banking.
Check images
$3.00
For each monthly statement that includes a printed check image
No fee
Printable check images from the last 18 months are available online
Ordering checks
Varies
Depending on the style you choose
Card replacement
$5.00
To replace an ATM or debit card when your card has not expired; additional $15
for rush delivery
Stop payment
$30.00
Each request
Cashier's checks (each)
$10.00
As of Nov. 3, 2018, this fee will be $15
Domestic wire
transfers (each)
$15.00
Incoming wire transfer
$30.00
Outgoing wire transfer
International wire
transfers (each)
$16.00
Incoming wire transfer
$35.00
Outgoing wire transfer sent in foreign currency via online channel.
$35.00
Outgoing wire transfer sent in foreign currency from a financial center.
$45.00
Outgoing wire transfer sent in U.S. Dollars.
Other banks may charge additional fees for wire transfers. Bank of America, N.A., may make money from the foreign currency exchange. Please refer to the
Online Banking Service Agreement for online wire terms.
Deposited item
returned (each)
$12.00
Domestic item
$15.00
Foreign item
Non-Bank of America
Per transaction, greater of $5.00 OR 3% of the amount (maximum $10.00) when you use your ATM
Teller Withdrawal
or debit card, or card number, to make a withdrawal, transfer or payment at another bank and it is
processed as a cash disbursement.
When your deposits are available
• Cash, direct deposits, wire transfers: On the day we receive them.
• Checks: Usually the next business day, if deposited before the financial center or ATM cutoff time.
• Mobile Check Deposit: Usually the next business day if deposited by applicable cutoff times (please refer to Deposit Checks, then
Help in the Mobile Banking app for additional details and terms and conditions). Dollar
limits apply to this service, vary by account and
are communicated during the deposit process.
• If we place a hold on your deposit, we'll let you know the hold reason and when your funds will be available. This is typically
provided at the time of deposit but may also be mailed later. Deposits greater than $5,000 and checks deposited within the first 30
days of account opening may be held longer.
How we post transactions
The way we post transactions impacts your account balance. If there's not enough available money in your account to cover all of
your transactions, the posting order can impact the number of overdraft fees you incur. At the end of each business day, we'll group
transactions received that day into categories before posting them. Below are the most common categories, and common
transaction types in each, in the order that they generally post to your account.
• Deposits: Added from highest to lowest dollar amount.
• Many debit transactions: Subtracted based on the date and time you made them (if the system knows the date and time of the
transaction). These include one-time and recurring debit card transactions, one-time transfers, ATM withdrawals, and checks cashed
with our tellers.*
• Other checks you wrote: Subtracted in check number order.*
• Most other electronic payments and preauthorized transfers: Subtracted from highest to lowest dollar amount. These include
scheduled transfers, online bill payments and preauthorized payments that use your account number.
• Most fees: Subtracted from highest to lowest dollar amounts.
* If our system doesn't receive date and time information, or can't detect the check number, remaining transactions in these categories
are posted from highest to lowest dollar amount.
Get the most out of your account
Review all the features and
benefits of your new account at
bankofamerica.com/quickstart
For questions, schedule an appointment
to visit a financial center at
bankofamerica.com/appointments
Call us at
800.432.1000
Additional fee waivers may be available to U.S. Trust
®
and qualified Merrill Lynch Wealth Management
®
clients. Please contact your advisor to learn more.
Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.
© 2018 Bank of America Corporation. ARJ6PQTD | 00-14-9315 | ALL STATES
00-53-5421NSB