"Advantage with Tiered Interest Checking" from Bank of America

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The Basics

Minimum Opening Deposit

$100.00

A $100.00 deposit is required to open this account.

Monthly Maintenance Fee

$25.00

The service fee is waived by;
- Maintaining a combined average daily balance of $10,000 combined deposits balance (checking with linked savings, CDs, IRAs) or just $5,000 in a linked checking and Regular Savings account;
- Having a $15,000 outstanding balance on a linked Installment Loan, or Line of Credit, or any balance on a linked first mortgage;
- Keeping $15,000 in combined assets in linked brokerage accounts.

Annual Percentage Yield (APY)

up to 0.08%

This is a interest-bearing checking account. The account earns 0.05% for balances over $0.00 and 0.08% on balances over $10,000.00.

Debit Cards & Using ATMs

Add It Up

$0.00/yr

This account includes the 'Add It Up' debit card reward program:
This program gives you discounts from your favorite retailers AND lets you to earn up to 20% cash back on purchases made at participating retailers.

Debit Card $0.00/yr

Non-affiliated ATM Usage Fee

$2.00/per use

There is a $2.00 fee each time you use a non-affiliated ATM.

International ATM Usage Fee

$5.00/per use

There is a $5.00 fee each time you use a ATM in another country.

Electronic & Telephone Banking

Online Banking

Free

In addition to the standard online banking features, this service includes:
- Personal finance tools for budgeting and planning;
- Secure online document storage.
- The ability to schedule wire transfers to accounts with other financial institutions.

Email Alerts

Included with Online Banking

This Email Alert feature enables you to receive:
- Warnings when your balance falls below a certain threshold;
- Notice of deposits or withdrawals over a certain threshold;
- The bad news that your account balance is below $0;
- Reminders that bills are coming due for payment;
- Confirmation that bills have been paid;
- Priority Online Account notifications (i.e., change of password).

Activity Download

Included with Online Banking

You can download 90 days of transaction history in the following formats:
- Quicken (2009 or later) - QIF file (4 digit);
- Microsoft Excel;
- Printable Text;
- Quickbooks.

Online Bill Pay Free

Mobile & Text Banking

Free

This institution supports:
- A text messaging service to receive alerts;
- A mobile-browser website to view account balances, view recent activity, transfer funds, pay bills, locate ATMs;
- An iPhone, Blackberry, or Android application to view account balances, view recent activity, transfer funds, pay bills, locate ATMs.

Automated Phone Banking Free

Direct Connect for Quicken

$9.95/month

You can download up to 90 days of transaction history directly into Quicken with their DirectConnect service.

Checks & Statements

Unlimited Check Writing Yes

Free or Discounted Checks

Yes

All orders of 'basic' checks are free, and orders of 'premium' checks are discounted by $8.

Monthly Paper Statements Yes

Check Images with Statements

$3.00/month

There is a $3.00 fee to receive check images with your paper statements.

Online Statements Yes

Online Check Images

Yes

Check images are viewable online for 180 days.

Overdrawing the Account

Negative Balance Fee

Yes

Your account is charged $35.00 when it is overdrawn for 5 or more consecutive business days.

Returned Item Fee

$35.00/per item

The insufficient funds fee is $35 per item.

Overdraft Protection

Available

This checking account has 3 options for Overdraft Protection.

From a linked Savings or secondary Checking Account:
- Transfer fee of $10.00. The transfer fee is charged per item;
- Funds are transferred in the amount required to cover overdraft and transfer fees.

From a linked Overdraft Line of Credit:
- Transfer fee of $10.00. The transfer fee is charged per item;
- Funds are transferred in $100 increments.

From a linked Credit Card:
- The transfer fee is dependent on your credit card agreement;
- Overdraft Protection transfers are treated like cash advances and may be subjected to additional fees.
Please see your Bank of America Credit Card agreement for details.

Savings and Money Market Accounts

Regular Savings

$5.00/month

'Regular Savings' requires $25.00 to open and $0.00 to earn interest.

Current APY Information:
- 0.05% at minimum balance to earn interest;
- 0.05% at minimum balance to avoid fees;
- 0.05% at $25,000.00

The account has a monthly service fee of $5.00. This fee can be waived if you either:
- Maintain a minimum daily balance of $300.00;
- Having an automatic transfer of $25 or more from your Bank of America checking account.

Growth Money Market Savings

Fee Waived

'Growth Money Market Savings' requires $25.00 to open and $0.00 to earn interest.

Additional 0.05% bonus for direct deposit or automatic transfer of at least $250 from your other BofA account to this one OR a scheduled transfer from your BofA CD to this account.

Current APY Information:
- 0.05 % at minimum balance to earn interest;
- 0.05 % at minimum balance to avoid fees;
- 0.20% at $25,000.00

The account has a monthly service fee of $12.00. This fee can be waived if you maintain a minimum balance of $2,500.00.

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