Bank of America Fee Schedule

This is Bank of America's official fee schedule detailing exactly what you will be charged for everyday banking services like maintaining a checking account, using an ATM outside the Bank of America network, overdrawing your account, or receiving paper statements. The single most important thing to know is that monthly maintenance fees — which can reach $25 per month for some accounts — can be waived, but only if you meet specific conditions like maintaining a minimum daily balance or receiving qualifying direct deposits of a set dollar amount each month. If you are not currently meeting a fee waiver condition, check your account type and eligibility criteria on the Bank of America website or by calling customer service to avoid paying avoidable monthly charges.

This document is a Bank of America fee schedule governing charges applicable to retail deposit accounts, including checking, savings, and money market accounts, operating under the contractual framework of the Bank's Deposit Agreement and Disclosures. The most significant obligations it creates include customer liability for monthly maintenance fees, overdraft fees, non-sufficient funds (NSF) fees, and ATM fees, with specific dollar amounts and waiver conditions attached to each fee category. Notable provisions include tiered fee waiver conditions tied to minimum daily balance thresholds or qualifying direct deposit amounts, which may be difficult for lower-income customers to satisfy consistently, and the bank's explicit reservation of the right to change fees with advance notice, creating ongoing financial uncertainty for account holders. This document engages the Consumer Financial Protection Bureau's (CFPB) authority under the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. § 5481 et seq.), Regulation E (12 C.F.R. Part 1005) governing electronic fund transfers and overdraft opt-in requirements, and Regulation DD (12 C.F.R. Part 1030) governing truth in savings disclosures. Material compliance considerations include ensuring overdraft fee disclosures satisfy Regulation E opt-in requirements and that fee change notices meet the 30-day advance notice standard under applicable deposit account regulations.