If you’re a Bank of America customer, you might have encountered the $12 monthly maintenance fee associated with certain types of accounts. However, there are several strategies you can employ to circumvent this charge. One effective method is to maintain a minimum daily balance of $1,500 in your account. By doing so, you fulfill one of the requirements to waive the fee.
Another approach is to ensure you have at least one eligible direct deposit of $250 or more into your Bank of America account each month. This direct deposit serves as another criterion for avoiding the $12 monthly fee. Additionally, enrolling in Bank of America’s Preferred Rewards program can also exempt you from this charge. The program offers various benefits and perks to customers who meet certain criteria, including fee waivers.
In summary, to steer clear of the $12 monthly maintenance fee at Bank of America, you can either maintain a $1,500 minimum daily balance, have at least one eligible direct deposit of $250 or more, or enroll in the bank’s Preferred Rewards program. By fulfilling any of these requirements, you can enjoy banking without worrying about additional fees.
(Response: To avoid the $12 monthly fee at Bank of America, you can either maintain a $1,500 minimum daily balance, have at least one eligible direct deposit of $250 or more, or enroll in the bank’s Preferred Rewards program.)