The Bank of America Advantage Savings Account requires a higher initial deposit, but the account is more appealing if you're looking for savings features or ways to waive a monthly service fee. However, if you're only looking to open a saving account, you might prefer Wells Fargo, since you can the waive the fee with a lower account balance. Wells Fargo has fewer options for waiving the monthly service fee. For example, if you open a checking account, you may use the Keep the Change ® feature to help you save. It also may be worthwhile if you want to become involved in some of Bank of America's other offerings. After the first six months, you also might find it easy to waive the monthly service fee if you're a college student or minor. The biggest upside to the Bank of America Advantage Savings Account is that you won't have to worry about a monthly service fee during the first 6 months of opening your bank account. Save As You Go® transfers $1 into your Way2Save Savings Account from checking each time you swipe your debit cardįor savings accounts, it may be a bit trickier to decide between Bank of America and Wells Fargo. Up to 10% cash back through BankAmeriDeals Keep the Change ® feature lets you round up debit card purchases Are under the age of 18 (19 in Alabama).Use the Save as You Go feature if you have a checking account.Keep at least $300 in your account daily.Enrolled in the Bank of America Preferred Rewards program.Link to a Bank of America Advantage Relationship Banking Account.Monthly fee is waived for the first 6 monthsĪfter that, meet one of the following criteria: It also makes it easier to waive the monthly service fee.īank of America Advantage Savings Account The Wells Fargo Everyday Checking Account has a lower opening deposit requirement. However, Wells Fargo will deposit $200 into your account around 60 days after finishing the requirements, while Bank of America will reward you with $100. The requirements for earning the cash bonus are the same - receive direct deposits of at least $1,000 within 90 days of opening the account.
It also makes it easy to waive monthly services fees if you're a college student or minor.īoth banks are offering account bonuses if you're a new customer. Wells Fargo has a significantly lower daily minimum balance requirement than Bank of America.
WELLS FARGO ONLINE DESKTOP SITE PLUS
Bank of America Advantage Plus Checking Account
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