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Over 20 Years
of Helping You Thrive Financially
Trusted by
Millions Globally
Bank of America, Member FDIC, consistently claims a position on GOBankingRates’ Best Banks for 2025, recognized for its outstanding Premium Checking account. In addition to this standout account, Bank of America presents a wide range of account options that cater to diverse needs. For a seamless experience, learn the steps to open a Bank of America account effortlessly.
Comprehensive Steps to Open a Bank of America Account
Navigating the Online Account Opening
- To start, visit the Bank of America website and select your preferred account type.
- Enter your residential zip code, followed by selecting whether to include a savings account or proceed with a checking account alone.
- Key personal data, such as your contact information and citizenship status, will be required.
- Easily pause your application and resume whenever convenient.
Currently, Bank of America offers a $300 welcome bonus for opening a checking account online. See details here.
Opening an Account at a Branch
To open an account at a physical Bank of America branch, simply call or visit your nearest branch to schedule an appointment with a banking officer. Ensure you bring all necessary documents, as well as funds for your initial deposit.
Essential Documents for Account Setup
Setting up a checking account with Bank of America requires you to provide the following personal information:
- Current mailing address
- Social Security number
- Email and phone number
- Your existing account number if applicable
- Details of any joint account holders
Two forms of identification are mandatory. Acceptable primary IDs include:
- Driver’s license
- State-issued photo ID
- U.S. passport
- Military identification with a photograph
- A Bank of America issued photo debit or credit card
Secondary IDs are necessary to support your primary ID and may include:
- Major credit card from other institutions
- Major retail credit card from a U.S. retailer
- Debit card with a Visa or Mastercard emblem from another bank
- U.S. university or college ID
- U.S. high school student ID card
- U.S.-issued employment or work ID badge
Delving Into Bank of America Account Varieties
Among its offerings, Bank of America provides options tailored to various needs, including affordable checking accounts, savings plans, and even accounts suitable for businesses of all sizes.
Bank of America Advantage Plus Banking®
Especially great for individuals and students, this account type has a modest balance requirement. A $12 monthly service fee exists but is waived with either a $250 direct deposit or a $1,500 daily balance, or if enrolled in the Preferred Rewards program.
Business Accounts at Bank of America
For those venturing into small business endeavors, the Business Advantage Fundamentals account is an excellent start with no monthly fee for the first 12 months and includes QuickBooks and Zelle features.
Understanding Fees and Balances
Recognizing the nuances in minimum balances and fees is crucial before committing to a bank account. Being a Preferred Rewards member can provide a pathway to avoiding these fees.
Funding Your Bank of America Account
Opening a Bank of America account, whether personal or business, necessitates a minimum initial deposit. Options are available to fund this through cash, checks, or electronic transfers such as direct deposit or ACH.
Exploring the Advantages of a Bank of America Relationship
Ranked among leading financial institutions for multiple reasons, Bank of America offers extensive account options to meet individual and business requirements. Their digital banking and mobile services provide extensive tools for effective financial management, supported by a robust network of branches and ATMs.
Maximizing Your Bank of America Account
Joining the Preferred Rewards program unlocks various benefits, scaling with how much you invest. Leverage tools like Erica, an AI-driven assistant, along with automatic savings plans to optimize your savings.
Further Information
FAQs on Opening a Bank of America Account
Find answers to common inquiries related to opening an account with Bank of America.
- How long does it take to open a Bank of America account?
- Typically, it takes around 15 minutes once you have all required information.
- Can I open a Bank of America account without visiting a branch?
- What is the minimum deposit required to open a checking account?
- For Advantage Plus and Relationship checking accounts, it’s $100. Advantage SafeBalance Checking requires a $25 deposit.
- Can I open a Bank of America account with a poor credit history?
- You may face a credit check when applying. Nonetheless, the Advantage SafeBalance account might suit those with less than perfect credit.
Alicia Bodine’s contributions enhanced this article.
Data is accurate as of April 15, 2025.
Rates are liable to change; unless specified, rates are updated periodically.
This content is not endorsed by entities featured in the article. Recommendations are solely those of the author.
This article is independently composed and reviewed only by the author and not by the featured institutions. Opinions are those of the author.
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