Bank of America · U.S. checking accounts

Bank of America Advantage Plus Banking

Checking with a $100 opening deposit, debit card, paper checks, direct deposit and digital banking. The $12 monthly fee has qualifying deposit, balance and BofA Rewards waivers. Offers optional Balance Connect and overdraft settings; account does not earn interest.

Pros

Three routes can waive the $12 monthly fee: qualifying direct deposit, daily balance or eligible BofA Rewards tier.
In-person documentation route for eligible international students and professionals.
Debit card, personal checks, Bill Pay and direct deposit are supported.

Cons

A $100 opening deposit is required.
Standard overdraft setting can incur a $10 paid-item fee, capped at two daily; Decline All avoids bank overdraft item fees.
ATM, foreign-currency and wire fees can apply; inspect the current schedule.
Opening remains subject to identification, address and tax-document checks.

Generated from the provider's published terms and reviewed against official sources.

Costs and key facts

Recurring fee	12 USD
Minimum opening deposit	100 USD
SSN requirement	Conditional
ITIN accepted	Accepted
Credit check	NotStated

Fee waiver: Each statement cycle: one qualifying direct deposit of $250 or more, a $1,500 minimum daily balance, or an owner enrolled in BofA Rewards at Preferred Plus or higher.

Eligibility and application requirements

U.S. address: Conditional

Residency and other conditions: Advantage Plus permits sole ownership from age 18; younger applicants need an adult co-owner, and opening with someone under 13 requires a financial-center appointment. Bank of America directs international students opening Advantage Banking to a financial center. Its international-professional guidance lists two unexpired IDs and a tax ID if applicable, with an SSN not required for that branch route. Nonresident aliens need a foreign physical address and U.S. mailing address; resident aliens need a U.S. physical address. Confirm the applicable documents and product eligibility with the financial center before applying.

Geographic restrictions: Reviewed disclosures list no state exclusions; the fee schedule applies in all states. Confirm local branch availability and applicant-specific opening requirements.

Product review: 31 Oct 2026. Source retrieval dates below are separate from editorial verification. An accepted ITIN does not establish residency eligibility.

Compare u.s. checking accounts requirements and costs · How we assess published requirements

Service fees

Overdraft / returned item	10 (currency not confirmed)
Outgoing domestic wire	30 (currency not confirmed)
Incoming wire	15 (currency not confirmed)
Outgoing instant transfer	Not confirmed
Incoming instant transfer	Not confirmed
Global remittance	Not confirmed · Outgoing international wire: $45 in USD; no wire fee in foreign currency, but exchange-rate markups apply. Incoming: $15. Other banks/taxes may add charges. Eligible BofA Rewards tiers waive incoming fees; Premier also waives domestic outgoing fees. No fixed universal remittance percentage is disclosed.
Allpoint ATM	Not confirmed
Other ATMs	Bank of America ATMs: no bank ATM fee. Other ATMs: $2.50 per U.S. withdrawal/transfer, $5 abroad, plus operator/network charges. Foreign-currency transactions incur 3% unless waived. Tier-dependent BofA Rewards waivers/refunds and some overseas partner exceptions apply. No dedicated Allpoint benefit verified.
Cash deposit	No bank ATM fee for cash deposits at Bank of America ATMs accepting deposits; some ATMs do not accept deposits.