Tuesday, September 26, 2023

Bank of America Advantage Plus Banking

bank of america advantage plus banking

Bank of America, one of the leading financial institutions globally, has a range of banking products designed to cater to the diverse needs of its customers. One of its popular offerings is the Advantage Plus Banking account. This article provides an in-depth analysis of this banking product to help potential and current customers understand its features, benefits, and how it stands out.

1. What is Advantage Plus Banking?

Advantage Plus Banking is a checking account offered by Bank of America that merges traditional banking features with modern, digital tools. Designed for everyday banking, it is perfect for those who need an account to handle daily financial activities seamlessly.

2. Key Features

  • Flexible Setting: Customers can choose settings that help them avoid overdraft fees.
  • Debit Card & Digital Wallet: Comes with a Bank of America Visa debit card, compatible with digital wallets like Apple Pay and Google Pay.
  • Mobile & Online Banking: Access to Bank of America’s award-winning mobile and online banking, allowing customers to manage their finances 24/7.

3. Benefits of the Advantage Plus Banking Account

  • Low Maintenance Fee: A reasonable monthly maintenance fee, which can also be waived based on certain criteria.
  • Keep the Change® Program: This unique savings feature rounds up debit card purchases to the nearest dollar and transfers the change to a savings account.
  • Security Features: Enhanced security measures including fingerprint sign-in, two-factor authentication, and alerts for unusual activities.
  • Access to Financial Centers & ATMs: Widespread access to Bank of America’s financial centers and ATMs across the country.

4. How to Waive the Monthly Maintenance Fee

The monthly fee can be daunting for some, but there are several ways customers can have this fee waived, including:

  • Maintaining a minimum daily balance.
  • Having a qualifying direct deposit.
  • Being a student under a certain age.

5. How it Stacks Up Against Other Bank Offerings

When comparing the Advantage Plus Banking account with other banks’ offerings, one can notice:

  • Competitive Fees: Bank of America’s fees are competitive, especially when considering the options for waiving them.
  • Digital Tools: The digital toolset, including mobile banking, alerts, and digital wallet compatibility, is on par with, if not better than, many competitors.
  • Nationwide Presence: With thousands of branches and ATMs nationwide, customers have the convenience of physical access, which many online-only banks can’t offer.

6. Customer Testimonials

To truly understand the value of a product, it’s important to hear from those who use it. Multiple customers have praised Advantage Plus Banking for its user-friendly interface, robust mobile app, and efficient customer service.


Bank of America’s Advantage Plus Banking is a robust checking account option that combines traditional banking with digital convenience. With its unique features, competitive fees, and a reputation backed by one of the country’s leading banks, it’s an attractive option for anyone seeking a reliable everyday banking solution.