Bank of America Advantage SafeBalance Banking
Active · verified 28 days agoExpires Sep 30, 2026
Nationwide
$100
Our take
- This is the low-effort, low-reward path: $100 for making 20 debit-card or Zelle transactions within 60 days, with no direct deposits or held balances required. But you only get one bonus per customer and SafeBalance can't earn the up-to-$500 offer, so if you can swing the direct deposits, spend your fresh BofA slot there instead.
- The 20 transactions can be tiny, so knock them out fast with small debit purchases. Only posted debit-card purchases and Zelle sends or receives count; refunds, ATM withdrawals, ACH, wires, and transfers don't.
- The $4.95 fee auto-waives if an owner is under 25 or you keep $500 in the account; otherwise it nibbles at a $100 bonus, so close it out once you're paid (after a few months to be safe).
Core details
Requirements
Make at least 20 qualifying transactions within 60 days of opening the account. Qualifying transactions are debit-card purchases (physical or digital) and Zelle payments sent or received from the account. Returns, refunds, fees, ACH transactions, ATM transactions, deposits, wires, and account transfers do not count.
Terms & reference
Terms & account details
Monthly fee$4.95
Credit pullSoft pull
Payout timing60 days
Credit card fundingNo
Pulls EWSYes
Fee waiver — any one of:
- An owner of the account is under the age of 25. (Fiduciary accounts do not qualify, and the waiver isn't based on the age of a Payable on Death beneficiary.)
- Maintain a minimum daily balance of $500 in the account.
- Be enrolled in the Bank of America Preferred Rewards program at the Preferred Plus, Preferred Honors, or Premier tier. (The base Member tier does not qualify for the waiver.)