Bank of America Advantage Relationship Banking offers an interest-bearing checking account with a $100 minimum opening deposit. The $25 monthly maintenance fee is waived for those with a combined balance of $10,000 across eligible linked accounts or Preferred Rewards participants.
Other options include the non-interest bearing Advantage SafeBalance Banking ($4.95 monthly fee, $25 opening balance and no paper checks) or the Bank of America Advantage Plus Banking (waivable $12 monthly fee and $100 minimum opening deposit).
Interest rates are relatively low.
Requirements to waive monthly fee relatively high.
$2.50 to use non-Bank of America ATMs.