Bank of America Fees
TraditionalComplete fee breakdown for Bank of America and how it compares to zero-fee alternatives.
Fee Breakdown
Common Fees
Monthly Maintenance:
$12/month
Overdraft Fee:
$35
ATM Fee (out-of-network):
$2.5
Wire Transfer:
$30
Minimum Balance:
$1500
Annual Cost Calculator
Monthly fees (×12): $144
Overdrafts (2×/year): $70
ATM fees (1×/month): $30
Annual Total:
$244
With Holdings: $0
Pros & Cons
Pros
- ✓ Large ATM network
- ✓ Strong mobile app
- ✓ Business banking
Cons
- ✗ High fees
- ✗ High minimum balance
- ✗ Poor customer satisfaction
Key Features
Mobile banking
16,000+ ATMs
4,300+ branches
Business Banking
- • Business checking
- • Business loans
- • Cash management
Compare with Holdings
| Feature | Bank of America | Holdings |
|---|---|---|
| Monthly Fee | $12 | $0 |
| Overdraft Fee | $35 | $0 |
| ATM Fee | $2.5 | $0 |
| Wire Transfer Fee | $30 | $0 |
| Minimum Balance | $1500 | $0 |
| APY | 0.01% | 1.75% |
| Business Tools | Basic | Full Suite |
| Annual Cost | $244 | $0 |
Ready to Eliminate Banking Fees?
Save $244 per year by switching to Holdings. Zero fees, 1.75% APY, and built-in business tools.