What Types of Personal Checking Accounts Does Bank of America Offer?

What Types of Personal Checking Accounts Does Bank of America Offer?

As of 2015, Bank of America offers two types of personal checking accounts: Bank of America Core Checking and Bank of America Interest Checking. The latter option attracts customers that keep high balances and allows customers to accumulate interest on savings; the former option offers a basic checking account approach.

The Bank of America Core Checking features no monthly fee if the customer deposits one qualifying amount of $250 per cycle, maintains an average balance of $1,500 or is a Bank of America Preferred Rewards client.

The Bank of America Interest Checking option incurs no monthly fee if the customer keeps a balance of at least $10,000 per cycle or is a Bank of America Preferred Rewards client.