Bank Of America Direct Deposit Time

  1. Bofa Direct Deposit
  2. Bank Of America Direct Deposit Time Frame Chart
  3. Bank Of America Direct Deposit Time Schedule
  4. Bank Of America Direct Deposit Time Unemployment
  5. Bank Of America Direct Deposit Time Frame

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Bofa Direct Deposit

Bank of America Personal Checking Accounts

Bank of America offers one checking account with 3 settings. If your financial situation changes, you can switch to the setting that works best for you.

  1. Bank of America offers a number of checking and savings accounts. Like most banks, it charges monthly fees depending on the account you have, but it also has options for avoiding those fees. Customers can avoid Bank of America’s fees in several ways, such as by setting up approved direct deposits or fulfilling account balance requirements.
  2. Bank of America Credit account (Credit card, charge card, loan, line of credit) 11:59 p.m. ET for same-day credit. Bank of America Mortgage: For customers who pay with their Bank of America Checking or Savings account, 5:00 p.m. ET cutoff time gives you same-day credit: Bank of America Vehicle loans.
  3. Bank of America is offering a bonus of $500 when you open a new checking account and complete ONE the following requirements: Set up and receive qualifying direct deposits totalling $10,000 or more within 90 days of account opening.
  • Advantage SafeBalance: This setting has no overdraft fees - you can only spend what you have. There are no paper checks. The $4.95 monthly fee can be waived if you are a student under 24, or if you are enrolled in Preferred Rewards. The minimum opening deposit is $25.
  • Advantage Plus Banking: The $12 monthly service fee can be waived if you: maintain a balance of $1,500, OR have one direct deposit of at least $250 each month, OR be a student under 24. This account allows you to enroll in overdraft protection. The minimum opening deposit for this setting is $100.
  • Advantage Relationship Banking: The $25 monthly service fee can be waived if you maintain an average balance of $10,000 in your combined Bank of America deposit accounts and Merrill Edge/Merrill Lynch investment accounts. The minimum opening deposit is $100.

Both accounts come with free mobile banking, mobile check deposit, and alert. They also come with a debit lock/unlock feature. If you've misplaced your debit card and need time to find it, you can just lock it on the mobile app. And then unlock it after you've found your card.

Related: Find a Bank of America branch near you | Bank of America Routing Number

Bank of America Business Checking Accounts

Bank of America also offers 2 different business accounts:

  • Business Fundamentals®: This is the basic business account ideal for small businesses just starting out. There is a monthly maintenance fee, but you can get it waived if you do ONE of the following: spend at least $250 in purchases on your business debit or credit card, maintain an average monthly balance of $5,000, maintain a daily balance of $3000, OR maintain a combined balance of $15,000 across all your linked BofA accounts, OR qualify and enroll in the Business Advantage Relationship Rewards program.
  • Business Advantage: This account is better for more established small businesses able to maintain a higher balance. The monthly maintenance fee is $29.95/mo, but you can get it waived if you do ONE of the following: spend at least $2,500 in purchases on your business credit card, maintain a monthly balance of $15,000, maintain a combined balance of $35,000 across all your linked BofA accounts, OR actively use BofA Merchant Services and Payroll Services.

    You also get a second Business Advantage checking account for no maintenance fee. And you get free domestic and international incoming wire transfers.

Get the Most Out of Your Bank of America Checking Accounts

  • Get more benefits with Bank of America Preferred Rewards: This program rewards you more as you maintain a higher balance in your combined BofA checking account and/or Merrill Edge® and Merrill Lynch® investment accounts. Here are the different tiers and benefits you get:
    • Gold level: Need a combined balance of $20,000. You get a 5% interest rate booster on a Rewards Money Market Savings account, and a 25% bonus on eligible credit cards rewards.
    • Platinum level: Need a combined balance of $50,000. You get a 10% interest rate booster on a Rewards Money Market Savings account, a 50% bonus on eligible credit cards rewards, 1 free ATM transaction per month from non-BofA ATMs, and 30 free stock and ETF trades per month with a Merrill Edge investment account.
    • Platinum Honors level: Need a combined balance of $100,000. You get a 20% interest rate booster on a Rewards Money Market Savings account, a 75% bonus on eligible credit cards rewards, unlimited free ATM transactions from non-BofA ATMs, and 100 free stock and ETF trades per month with a Merrill Edge investment account.
  • Look for cash back deals: Bank of America has BankAmeriDeals that can earn you extra cash back at stores, restaurants, and hotels. All you have to do is sign in to your mobile or online banking, search through the deals, and activate the ones you like. Then when you make a purchase there, use your eligible BofA credit or debit card. You'll automatically get the cash back activated at the end of the next month.
Did you know: Bank of America credit and debit cardholders get free general admission to over 225 cultural institutions across the U.S. during the first full weekend of every month via the Museums on Us program.

The Bank of America direct deposit form is a legal document used to gather all of the required information needed by an Employer for the purposes of directly paying into an Employee’s Account. This form will allow the ability to set up a Direct Deposit across three Accounts however, it is worth noting, that not every Employer will provide this option. It is very important to clear up such issues with your Employer before submitting this form. Additionally, make sure to submit this form to the appropriate entity in your place of Employment as it will contain some very sensitive information.

Bank Of America Direct Deposit Time Frame Chart

  • In other languages – Chinese, Korean, Spanish (español), and Vietnamese

Step 1 – Download the Bank of America Direct Deposit form using the PDF button below the image. Read statements 1 through 4 contained within the box at the top of the document

Refund

Step 2 – You will need to document several pieces of Employer Information on the first two lines. Next to the words “Employer / Company Name,” enter the Employer or the Name of the Company that shall be depositing your payments directly to your Bank of America Account.

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Step 3 – On the “Employer Address” line, enter the Street Address, City, State, and Zip Code where your Employer (or Employer Company) is located.

Step 4 – The next section will ask you to define the Account or Accounts where you wish the Direct Deposit to transfer funds to. It will be divided into three boxes which will allow for three Accounts to receive the Direct Deposit being set up. If the deposit arrangement you prefer will involve only one Account, only fill out the first box. To begin, select the applicable account type (Checking or Savings) by marking the appropriate check box then, enter the state in which the account was opened in the right hand corner of this box.

Step 5 – Report your Account Number on the line designated as “Account Number.”

Bank Of America Direct Deposit Time Schedule

Step 6 – Enter the ABA Routing Number of the Bank of America Branch that houses your Account on the blank line below your Account Number.

Step 7 – You may now define the Deposit Amount as a Percentage, Dollar Amount, or a Balance (if splitting Account). For instance, if you would like to split your deposits between two accounts, you will need to compliment the two boxes you filled out on this line. Thus, if you have %25 of your payment deposited in one account, you may choose to enter %75 on this line, a set flat Dollar Amount, or simply choose the check box labeled “Remaining.” If you only fill in one box and wish the full Amount of your paycheck deposited into one account, simply fill in one box then report %100 on the Deposit Amount line.

Bank Of America Direct Deposit Time Unemployment

Deposit

Step 8 – Read the paragraph present below this section. You must agree with this paragraph before Signing and Submitting this form. When you are ready, enter your First name, Middle name, and Last name on the first line. Then enter your Address on the line below your Name. Finally, on the last line of this document you must Sign your Name, enter the Current Date, then, enter your Daytime Telephone Number.

Bank Of America Direct Deposit Time Frame

Step 9 – Submit this form according to your Employer’s Direct Deposit sign up procedures.