Bank of America Fee Schedule

This is Bank of America's Personal Schedule of Fees, effective August 7, 2026, setting out the fees, fee waiver conditions, and account restrictions that apply to personal checking, savings, CD, and IRA accounts. Monthly maintenance fees of $4.95 to $25.00 apply depending on account type, but can be avoided by meeting minimum daily balance requirements ranging from $500 to $20,000, qualifying direct deposit conditions, or reaching specified BofA Rewards loyalty tiers. The schedule also discloses that Bank of America sets foreign currency exchange rates for wire transfers at its sole discretion and that it may change interest rates on variable-rate accounts at any time without limit or notice.

This document is Bank of America's Personal Schedule of Fees, effective August 7, 2026, governing fees, fee waiver conditions, account features, and service restrictions applicable to personal deposit accounts including Advantage Banking checking accounts, savings accounts, CD and IRA accounts, and the BofA Rewards program. The schedule states that monthly maintenance fees range from $4.95 to $25.00 depending on account type, with waivers available by meeting minimum daily balance thresholds ($500 to $20,000), qualifying direct deposit requirements, or achieving specified BofA Rewards tiers; the terms also authorize Bank of America to change, convert, or discontinue accounts and services at any time and to modify interest rates on variable-rate accounts without limit or prior notice. Operationally distinct provisions include the Advantage SafeBalance Banking for Family Banking account's structural restriction of external money transfers into the account (including ACH and Zelle) from non-Bank of America sources, with the terms stating that the account owner 'agrees that, in our sole discretion, we may reject any such transfers'; the document also states that exchange rates for foreign currency wire conversions are 'determined by Bank of America at its sole discretion' without disclosing the applicable markup methodology beyond acknowledging that markups exist. The schedule engages the Electronic Fund Transfer Act (EFTA), NACHA Operating Rules, and federal deposit insurance requirements administered by the FDIC, with the document explicitly referencing EFTA dispute notification timelines for mislabeled ACH resubmissions; state-specific regulatory provisions are included for New York (Department of Financial Services) and Maine (Bureau of Financial Institutions), creating jurisdiction-dependent complaint and oversight frameworks. Compliance teams should note that the broad unilateral amendment reservation ('We may change the accounts and services described in this schedule at any time') and the variable rate change provision ('we may change the interest rate on your account without limit or notice') warrant evaluation under applicable consumer protection and disclosure requirements, including Regulation E and Regulation DD, which may constrain the practical application of these reservations.

The schedule establishes monthly maintenance fees between $4.95 and $25.00 across checking account tiers, with fee waivers contingent on maintaining minimum daily balances of $500 to $20,000, qualifying direct deposits of at least $250, or enrollment in specified BofA Rewards loyalty tiers. Under these terms, Bank of America reserves the right to change, convert, or discontinue accounts and services at any time and to modify variable interest rates without limit or prior notice. You can avoid monthly maintenance fees on most accounts by meeting the balance, direct deposit, or BofA Rewards tier requirements specified for each account type during each statement cycle.