If you have companies that you have to pay automatically from your bank account monthly, you have to let them know about your situation. The first way to avoid the fee is to have a qualifying direct deposit of at least $250. Requires an initial deposit of $10,000, but rates are guaranteed and it offers term lengths of 13, 25 or 37 months. ... who can keep the minimum balance. The $8 monthly fee can be waived with a minimum daily balance of $500. Also for kids, but parents are custodians and there’s a minimum opening deposit of $100. Bank of America Featured CD account. The Union Bank Private Advantage checking account is available to clients who maintain a combined minimum monthly balance of $250,000 in their checking, savings, investment, or … Use CUA debit cards anywhere VISA is accepted, either with a PIN or signature. Debit cards are also available for businesses! Bank of America offers three checking accounts – Core Checking, Interest Checking, and Safe Balance Banking each with a different monthly maintenance fee:. There have been times where I was charge without consent and ended up over drafting. That’s higher than some other business checking account offerings. These fees can be avoided if at least $2,500 is spent on a business credit card, the average monthly balance is $15,000 or more, the average monthly combined balance in linked Bank of America accounts is at least $35,000, or if the business uses Bank of America Merchant Services or Payroll by Intuit. Bank of America Custodial Savings. Get ATM and point-of-sale access to your business checking. The account has a … Bank of America has phased out eBanking and transferred those customers to “core checking accounts” that require them to contribute a direct deposit of at least $250 a month (that’s $3,000 a year) or keep a minimum daily balance of at least $1,500 to avoid the $12 monthly fee. With the Advantage Plus account, you'll have to pay a monthly maintenance fee of $12. Both transaction types are deducted from your checking account. ... 4 By: liam47 I’ve had a checking account on Bank of America for a few years. The Bank of America Basic Checking Fees The basic checking account available to the customers is the Advantage Plus Banking account. Minimum opening deposit: $100 Bank of America Advantage Plus Fees. Now, the bank has swapped those remaining customers into Core Checking, an account that requires customers to maintain a minimum daily balance of $1,500 or … High monthly balance minimums: To have your monthly fee waived, Bank of America requires you to have an average balance of $3,000 to $15,000. The minimum deposit for opening a Business Fundamentals Checking account is $100. Bank of America is converting all eBanking accounts into its Core Checking product, which includes a $12 monthly fee. Bank of America Core Checking Account has a $12 Monthly Maintenance fee which is waived with at least 1 direct deposit of $250 each month or maintain a minimum daily balance of $1,500 or more. Checking Accounts. There are a few ways consumers can avoid the $12 monthly maintenance fee. 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