Bank of America

Specifications

Features
Best Reviewed Account Type(s): Checking
APY as of 04/07/09: None (but checking is free)
Parent Bank: N/A
BankRate.com Stability Rating: 3 stars
Liability Protection: Yes, plus guarantees for online bill payments
Min. Balance to Open: $25
Special Requirements: None
Monthly Fees: None
Min. Balance to Avoid Fees: None
Direct deposit required?: No
Physical Branches in U.S.?: Yes
How to Deposit: Electronic transfer from another bank, or mail check, or direct deposit, or wire transfer
How to Withdraw: Checks, ATM, debit card, electronic funds transfers
Withdrawal Fees?: No
Transfer Between Accounts?: Yes, same or next day
Transfer Between Banks?: Yes
Limit to Daily Transfer Between Banks: Not specified
Estimated Transfer Days Between Banks: Not specified
Write Checks?: Yes
Debit Cards?: Yes
Online Bill Paying?: Yes, free and unlimited
Reimburse ATM Fees?: No -- and charges $2/use for non-BA ATM in the U.S., $5/use abroad
Number of ATMs in U.S.: 18,700
International ATMs: 12,000 in global alliance
Live Phone Support: 7 days a week but not 24/7
Optional Overdraft Protection?: Yes, but incurs fees
Mobile Banking?: Yes
Social Networking?: No
Integration with Financial Management Tools?: Yes: Bank of America Portfolio online software for tracking expenses, budgeting, etc.
Notable Features: Large ATM network, free online financial management software