Can you open a bank of america savings account online

We strive to provide you with information about products and services you might find interesting and useful. Relationship-based ads and online behavioral advertising help us do that.

Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have.

If you prefer that we do not use this information, you may opt out of online behavioral advertising. If you opt out, though, you may still receive generic advertising. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements.

Also, if you opt out of online behavioral advertising, you may still see ads when you log in to your account, for example through Online Banking or MyMerrill. These ads are based on your specific account relationships with us.

To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs.

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Direct deposit

It's the fast, worry-free way to deposit your paycheck, pension, Social Security or other recurring deposits. Direct deposit will make your recurring deposits electronically to your checking or savings account—automatically.

Qualifying deposits include salary, pension, Social Security and Supplemental Security Income (SSI) benefits and other regular monthly income.

Set up direct deposit.

Online Banking

Enroll in our Online Banking and get easy and secure access to your accounts—anytime, anywhere. Check account balances and transactions, transfer funds between accounts, and set up Online Banking Alerts to notify you about important activity in your accounts. You can also use Bill Pay to pay your bills in minutes from one simple site. Online Banking gives you control of your finances. It's secure and easy.

Learn more about Online Banking.

Saving your User ID can be a convenience, but there are a number of best practices you should observe when doing so.

Saving an User ID

We highly recommend you have only one User ID – and not share it with anyone else – as a way of helping keep your financial and personal information safe. Learn more about account security

  • To save your User ID so it will be prefilled each time you log in, simply check the box that says Save User ID before you select the Log In button. This will automatically save the User ID to your browser.
    • If you switch from one browser to another (for example, from Edge to Chrome), you will need to save your User ID to your new browser
    • Never save an User ID if you are accessing our site from a public computer

Saving multiple User IDs

You may have more than one User ID, such as when you have a second one for your small business. If you wish to save multiple User IDs, follow these steps:

  • Log in to Online Banking using each User ID. Be sure to check the box that says Save User ID before you select the Log In button.
  • The next time you visit the home page, you’ll see the User ID prefilled with the ID most recently used. You can click the User ID field to see a dropdown list of all User IDs saved to the browser.
  • Due to security reasons, we can only reveal first 4 characters of the User ID, so make sure the first 4 characters of each User ID are different from each other.

Deleting saved User IDs

You can delete User IDs by signing into Online Banking and selecting the Security Center tab. In the User ID portion of the Sign-in settings area, select the Review your saved User IDs link and click Delete to remove saved IDs from your browser.

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How do I apply for a Business Advantage Banking Account?

We offer 3 convenient ways to open:

  • Choose your business checking account setting and apply online
  • Call 866.283.4075
  • Visit a financial center

What do I need to open a new business checking account?

Where can I open a Bank of America business checking account in the U.S.?

How can I open a U.S. checking account if my business is located outside the U.S.?

Can I reorder my business checks online?

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How can I open a Bank of America business savings account?

You have the choice of opening a business savings account at any of our banking centers, by phone or online.

What do I need to open a new business savings account?

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Do you automatically renew CDs at the time of maturity?

Yes. Bank of America will automatically renew the account by reinvesting funds on the maturity date, which is the first day after the term ends. We reinvest both principal and interest. You can elect to receive the interest earned on the account, a portion of the account or the entire amount of the account. The term for the automatically reinvested deposit is the same length as the previous term of the account.

What are your CD rates for small businesses?

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Can you open bofa savings account online?

How can I open an account? You can apply online for a checking account, savings account, CD or IRA. Simply select an account, enter your personal information, verify your information and choose features & funding options.

How do I open a savings account at Bank of America?

You can access your accounts using our automated Banking by Phone service 24 hours a day, seven days a week, 365 days a year. Check your balance, transfer money between accounts, verify recent deposits and withdrawals and find out what checks have recently posted. To bank by phone, call 800.432. 1000.

How long does it take to open a savings account Bank of America?

Your application will be processed in 1 to 2 business days. We'll send you either an email or letter letting you know if you are approved for your account. You will receive your account documents via U.S. Mail within 7-10 business days. What's an offer code?

What are the minimum requirements to open a savings account at Bank of America?

The Bank of America Advantage Savings account requires a $100 opening deposit, which is on the higher end for brick-and-mortar savings accounts. There is an $8-per-month maintenance fee that is waived for the first six months for new account holders.