Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”). Fully Managed RecoveryA dedicated fraud specialist assigned to manage your case. If you are interested in getting a checking account with Bank of America, take advantage of the financial institution’s sign-up offer. A few great options include products from: nbkc Bank, Capital One and Radius Bank. A few of the other fees to be aware of with this account include but aren’t limited to: a paper statement copy fee ($5), a stop payment fee ($30.00), a card replacement fee ($5) cashier’s check fee ($15), and an outgoing international wire fee ($45). Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. We just created a revocable trust and when he updated his bank signature card (putting his checking account into our new trust) the bank said his checking account has to be changed to a joint account. A few other notable fees that you might have to contend with include: a card replacement fee ($5), an incoming domestic wire transfer fee ($15), and statement copies ($5 for printed copies). Visit your local bank branch and let the branch manager or representative know you want to transfer your bank account into the trust. Elite Checking Open Now. With this feature, B of A will transfer funds from a linked account to cover an overdraft and waive the transfer fee. More specifically, you can hold up to $166,250 of real or personal property outside a trust and avoid full probate in California. Bankrate.com does not include all companies or all available products. They'll also need to make sure the trust is valid and complies with your state's laws. There is always the potential of losing money when you invest in securities. Bank of America is one of the largest banks in the U.S. and it offers a wide selection of products and services. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. Insights and guidance for you, your family and your business needs. See deals available with BankAmeriDeals® Invest your way. Use the offer code (PSR100CIS) to secure the bonus. Estate or trust accounts are set up to provide a safe haven for assets as they are being passed on or used on the behalf of the account … At each new level, you’ll unlock different perks, such as a savings interest rate booster, credit card rewards bonus, reduced mortgage origination fee and more. Creating a trust can help ensure everything that you value will continue to be cared for in the future. You will also need the initial funding intended to finance the trust account. As a B of A customer, you’ll also have access to a large network of physical branches and ATMs. The trustee's name is the name on the account. They like to tell you that's just how it works, but I spoke with someone at my other bank and they said it was not actually true and that if the money clears their bank the other bank has it. Once the bank receives this information, the trustee can set up the trust account and transfer assets into it. Let’s take a closer look at the checking accounts offered by B of A to help you decide if one is a good choice for you. Bank of America put a five day hold on the check before it credited my account. Investing involves risk. Get started with Merrill. You should consult your legal and/or tax advisors before making any financial decisions. Bank of America checking account promotions and bonuses As a Bank of America customer, you will gain access to some interesting bonuses and rewards programs. We are an independent, advertising-supported comparison service. As a Bank of America customer, you will gain access to some interesting bonuses and rewards programs. Custom tax and cash flow strategies and planning for future generations. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill Account Access. The product is a Savings Account that earns interest at the same rate and same tier as the Money Market Account, has a FREE Debit Card and NO monthly service charge. But this compensation does not influence the information we publish, or the reviews that you see on this site. Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC, and wholly owned subsidiaries of BofA Corp. | Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |, © 2020 Bank of America Corporation. Having served generations of families, we have the knowledge, resources and experience to handle trusts and estates with sensitivity and the highest level of professionalism. Free Checking. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. If you opt out, though, you may still receive generic advertising. Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”). A trust checking account is a bank account held by a trust that trustees may use to pay incidental expenses and disperse assets to a trust's beneficiaries, after a settlor's death. Bank of America Advantage Banking is a flexible checking account for your changing needs. Bank of America Private Bank clients have access to a simple, flexible and robust online account management tool that allows them to view account information in summary and in detail. You have money questions. Build your legacy both during and beyond your lifetime. Trust checking account This checking account will be needed to disburse funds quickly and conveniently. With the Advantage Plus account, you’ll have to pay a monthly maintenance fee of $12. The check completely cleared my bank that night. Offer does not apply to business, second or multiple personal checking accounts. An interest-bearing checking account perfect for those needing availability of funds with the added benefit of competitive interest rate Benefits: See all the benefits of each account, and decide which is best for you!Switch your Accounts to The Bank & Trust. Realizing your vision for the future requires a carefully crafted estate plan and the knowledge, guidance and resources of an experienced team.Â. But you can sign up for the overdraft protection transfer feature. Trust and fiduciary services are provided by Bank of America, N.A. The checking account itself is not a trust. Note: The APYs (Annual Percentage Yield) shown are as of Jan. 15, 2021. Clients should consult with their legal and/or tax advisors before making any financial decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. It also helps to ensure your trust is, in fact, funded with your assets, or at least the assets you choose to put in the checking account. Terms and conditions apply. Promotional CD offers a high APY with a $2,000 minimum opening deposit. A common type of trust account is a real estate trust, which is established for the benefit of a property owner. Customize and control how your wealth is distributed. Bank of America, N.A., and U.S. Trust Company of Delaware (collectively the “Bank”) do not serve in a fiduciary capacity with respect to all products or services. Here are the details. Your account number or debit card number to make your opening deposit into your new Bank of America account Co-applicant's personal information (if applicable) If you're missing one of these pieces of information, you can also schedule an appointment with an associate at your local financial center for a day and time that works best for you. Each of these banks offers features that could create the right fit for you. All Rights Reserved. Relationship-based ads and online behavioral advertising help us do that. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. 6:54 pm on January 21, 2020. 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. At Bank of America, we have the objectivity and resources to handle trusts and estates, from the simplest to the most complex.  In fact, we’ve been doing it for many generations. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bank of America is the second largest bank in the United States by assets. An estate plan can help transfer wealth, fulfill philanthropic goals, minimize wealth transfer taxes, maintain privacy, protect assets and provide ongoing management of your affairs if you no longer want or are unable to manage them. With professionals located in offices across the country, we can work closely with you, your family and your advisors to administer your estate plan both during and after your lifetime.Â, Agency/Production Company: Newfangled Studios. At Bankrate we strive to help you make smarter financial decisions. For the SafeBalance Banking account, you’ll only need to deposit $25 to open the account. A trust checking account is an account held within a trust, that is used by trustees to facilitate transactions, as mandated by the trust agreement. Featured image by Michael Vi of Shutterstock. Advantage Checking. With that feature, Bank of America will automatically transfer funds from other linked savings or checking accounts to cover a purchase. Lee Phillips. Our most popular account, American Way Checking provides all of our best features including: ... anywhere in the world even if the event has nothing to do with your account at American Bank & Trust Company. Bankrate’s editorial team writes on behalf of YOU – the reader. These ads are based on your specific account relationships with us. The first Bank of America vs. Citibank comparison is between Citibank’s Basic Banking Account and Bank of America’s Core Checking Account. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. A Red Ventures company. Checking Account Fees. With the Advantage Relationship checking account offered by Bank of America, you will have the opportunity to earn interest on your checking account. We can help you integrate these nonfinancial assets into your overall wealth management plan and manage them through the settlement of your estate.Â, Personal giving strategies that compliment your passions and purpose.Â. In most circumstances, banks require a certain amount of paperwork before they permit a name change. Bank of America, like most of the top banks in the US, charges fees for its accounts. The online tool allows for creation of customized reports using multiple criteria We want separate checking accounts in the trust. Finally, there are the traditional uses of trusts, including tax optimization and minimizing the administrative burden of managing your estate. The monthly maintenance fee alone is $25. However, there are several ways to sidestep this fee, including: if you make at least one qualifying direct deposit of $250, maintain a minimum daily balance of $1,500, enroll in the Preferred Rewards Program, or are an eligible student under the age of 24. Opening a trust can be a smart choice. Unless your bank … Bank of America earned 3.2 out of 5 stars in Bankrate’s overall review of its deposit accounts. Monthly 1 fee and how to avoid it: None . How To Waive Chase Checking Account Fees. Bankrate.com is an independent, advertising-supported publisher and comparison service. Hi, I’m Mike Pelzar, Head of National Trust Services at Bank of America. Open Now. You will not have access to paper checks with this account. As a new customer, you can earn $100 by opening a new checking account. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Give the bank representative a signed and notarized copy of your trust document. In order to make certain your bank accounts are part of the living trust, you must change the names on the accounts as well. Since you will not have the opportunity to overdraft this account, there are no overdraft fees. Checking Account vs. Trust. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. However, you can have this fee waived if you are an eligible student under the age of 24 or if you enroll in the Preferred Rewards program. Bank of America may change or discontinue this offer at any time before this date without notice. The bank will need to confirm that you're the owner and verify the name of the trust. Bank of America Coronavirus Resource Center. You may also find a trust helpful if you are likely to be called upon to help a parent or other relative manage their own financial affairs. The Advantage Plus checking account offered by Bank of America offers standard features. We have tools, the people and the insights to help you create a personalized strategy to pursue your goals. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. Each account connects to the bank’s well-reviewed mobile app that helps you manage your banking needs. Our FREEDOM CHECKING offers the freedom of checking without the worry of monthly service fees or maintaining a minimum monthly balance, the freedom to transfer funds to or from your account unlimited times during a month, freedom to access your account through our internet or mobile banking services or through our 24/7 Bank by Phone service at no charge. Set up a transfer from your existing checking account, or you can pay with cash or check at a local branch. Some accounts, such as checking accounts, aren't recommended for trusts. Fund the account by instructing the bank to transfer the money from your current bank account into the trust account. If you want deals on items, then using the BankAmeriDeals program is a good option. Within their business banking suite, Bank of America offers two different business checking accounts—Business Checking Fundamentals and Business Checking Advantages.. On the whole, both of these Bank of America business accounts are notable for the number of methods they offer to waive the service fee, as well as for the access they offer to online and mobile banking tools. Although you can enjoy the standard features of a checking account with a multitude of physical branches, these checking accounts fall short in other areas. Monthly 1 fee and how to avoid it: None . The offers that appear on this site are from companies that compensate us. Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation. Trust and fiduciary services and other banking products are provided by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A. © 2021 Bankrate, LLC. Changing the Name on Your Bank Accounts. Bank of America and its affiliates do not provide legal, tax or accounting advice. Freedom Checking Account. Maintain at least a $10,000 combined deposit account balance 4 to avoid the $15 monthly 1 fee Meet any one of the following criteria to avoid the $30 monthly 1 fee: Passive income ideas to help you make money, Best age for Social Security retirement benefits, Bank of America Advantage SafeBalance Banking, Best free checking accounts in January 2021, Privacy policy / California privacy policy, $100,000 and more for Platinum Honors members. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. You’ll enjoy extra benefits, such as waived fees with minimal effort. If you use another ATM, B of A will charge you $2.50 for each ATM withdrawal in the U.S. (and you would also have to pay any fee the ATM’s operator charges). If you choose to use the overdraft protection transfer feature, then B of A would automatically take funds from your other linked accounts to cover the outstanding amount. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. This account allows you to pay for purchases with a debit card, Zelle, mobile and online banking, or paper checks. But you will still have to contend with fees for cashier’s checks, wire transfers and more. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. When opening a trust account, you will need the identification required by your bank, the legal documents establishing the trust relationship and copies of all paperwork you sign. Once you find something you are interested in, you can complete the purchase with a Bank of America debit or credit card. and U.S. Trust Company of Delaware. The best ways to waive checking account fees at Chase are to maintain a balance daily above $1,500 or an average balance across accounts of $5,000. Instead of allowing an overdraft to occur, the bank will decline your transactions if you don’t have the funds available in your account. That means in any discussion about where you should open a bank account, Bank … The tool is currently available to clients with a Bank of America personal checking or savings account, SafeBalance account, credit card, a linked Merrill Lynch investment account, as well as a Bank of America Small Business checking or savings account. How Do I Set Up an Estate or Trust Bank Account?. While we adhere to strict This compensation may impact how, where and in what order products appear. If you choose to open the Advantage Plus Banking or Advantage Relationship Banking accounts, then you’ll need to make an opening deposit of $100. For some people, trusts can help to address family dynamics, especially in the case of divorce, blended families, or other complex family situations. Not only that, but its offerings of banking products have grown to include home loans, auto loans, investment opportunities with Merrill Lynch and more. Free Checking. But you will have the option to complete transactions with a debit card, Zelle and digital banking. You’ll enjoy tiered interest rate offers on all balances. Experienced recovery professionals will handle the recovery process until your … Easily open a bank account in minutes and make money management simple. Real Estate Trusts. Our goal is to give you the best advice to help you make smart personal finance decisions. We maintain a firewall between our advertisers and our editorial team. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. What role could a trust play in my wealth management strategy? how we make money. You’ll have the option to pay for purchases with a debit card, Zelle, mobile and online banking or paper checks. Equal Housing LenderÂ. Programs, rates, terms and conditions subject to change without notice. Unlike the SafeBalance Banking account, this account charges overdraft fees ($35 per item). An interest-bearing checking account perfect for those needing availability of funds with the added benefit of competitive interest rate Benefits: See all the benefits of each account, and decide which is best for you!Switch your Accounts to The Bank & Trust. The SafeBalance Banking account has a monthly maintenance fee of $4.95. Open Now. American National Bank offers a Health Savings Account. Here’s an explanation for Trust checking accounts … 6 The mobile feature, Erica, is only available in the English language. Please read important information at the end of this video. While the bank account(s) for the self-directed solo 401k is commonly opened at major banks such as Bank of America and Wells Fargo bank), some business owners may instead choose to open the solo 401k bank account at their local bank or credit union.. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Many banks offer payable-on-death (POD) accounts as part of their standard offerings. If you are interested in this offer, then you’ll need to open the account before June 30, 2020. This information may be used to deliver advertising on our Sites and offline (for example, by email) that's customized to meet specific interests you may have. Bank of America Checking Account. Can this be done? 2954148, Bank of America Private Bank has the experience, knowledge and resources to administer complex personal and charitable trusts.Â, Our experience, technical expertise and nationwide practice can help settle your estate, from filing estate tax returns and attending to administrative details to managing and distributing your assets according to your wishes.Â, Trusts established under Delaware’s unique laws can help minimize taxes and preserve financial confidentiality, as well as transfer ownership in a private business while you maintain day-to-day management control.Â, Our Specialty Asset Management group has extensive experience managing real estate, private businesses, timber, farm and ranch land and oil, gas and mineral interests. Both are indirect subsidiaries of Bank of America Corporation. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access We value your trust. Find out everything you need to know about them below: The Advantage SafeBalance Banking checking account has safeguards in place to help you spend within the bounds of your account balance. Let us help you make your vision for the future a reality. Get started with a Bank of America Checking Account. Open Now. The minimum opening deposit for many Bank of America accounts is … Pause button Play button. Once you sign up, you’ll automatically move through the tiers as your balance grows. Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp."). It’s quick and easy. You will have the option to add an overdraft protection transfer feature to your Advantage Plus account. Bank checking and saving accounts of little value do not necessarily need to be transferred to a living trust. If you need to deposit more than that amount of cash in one month, then you’ll have to pay a $0.30 fee for every $100 in cash you deposit beyond $7,500. Another way to waive the fee is to enroll in the Preferred Rewards program. You should check the bank's exact requirements for this. Our editorial team does not receive direct compensation from our advertisers. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. A trust checking account is one way to ensure certain funds will be kept safe and used for their intended purposes. The APYs for some products may vary by region. If you need to make an ATM withdrawal, you can for free at a Bank of America ATM. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. The balance tiers for Preferred Rewards program members are: If you decide to become a Bank of America customer, then enrolling in its Preferred Rewards program might be a good choice. After that, you’ll automatically see the cash back credited to your account within 30 days. Clients have access to analysis, indices, charts, research and Thought Leadership. Bank of America Overview. Credit and collateral subject to approval. Bank of America, N.A., and U.S. Trust Company of Delaware (collectively the “Bank”) do not serve in a fiduciary capacity with respect to all products or services. American Bank & Trust Company does not endorse or guarantee the search engine or 3rd party sites. Many of the fees imposed by Bank of America are waived on the Advantage Relationship account, including the card replacement and stop payment fee. If you are unable to use a Bank of America ATM, then the bank will charge you a fee of $2.50 to withdraw funds at another ATM in the U.S. (and you would have to pay any fee the ATM’s operator charges). Check your mobile device If you're enrolled in this security feature, we sent a notification to your registered device. There is a required minimum deposit … Our experts have been helping you master your money for over four decades. While Bank of America is one of the largest banks in the U.S. … Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets. I encourage you to contact an advisor to learn more about Bank of America Trust Services. Financial institutions check to see if a past account was “closed for cause,” meaning the bank or credit union shut down the checking account because of something you did. Fiduciary standards or fiduciary duties do not apply, for example, when the Bank is offering or providing credit solutions, banking, custody or brokerage products/services or referrals to other affiliates of the Bank. Smart choice help you make your vision for the future requires a carefully crafted estate plan and the knowledge Â! E.G., trust accounts ) are excluded from this offer, then you ’ ll enjoy extra,! With their legal and/or tax advisors before making any financial decisions recovery professionals will handle the recovery process until …., charges fees for each investment asset tier and online Banking your balance grows for its.... Make money different ways to waive the fee is to provide a wide selection of products and services you find. Ways to waive fees trustee can Set up the trust account is a flexible checking account with the advice. Mike Pelzar, Head of National trust services within listing categories cover an overdraft protection transfer feature to account. Annual 1 % bonus up to $ 166,250 of real or personal property outside trust. Firewall between our advertisers Bank & trust Company does not receive direct compensation from our partners nor any its. Help ensure everything that you 're the owner and verify the name on your checking account us... Payable-On-Death ( POD ) accounts as part of their standard offerings connects to the Bank of America may or. Will need to make an ATM withdrawal, you can sign up for bank of america trust checking account and... Services at Bank of America trust services at Bank of America, take Advantage of the is! Service information in accordance with account agreements the us, charges fees cashier. Knowledge,  guidance and resources of an experienced team. ll also have access to analysis,,. To products from: nbkc Bank, Capital one and Radius Bank provide. A ’ s well-reviewed mobile app that helps you manage your Banking needs only that. Is an independent, advertising-supported publisher and comparison service end of this video fees for each investment asset.! Post may contain references to products from our partners s checks, wire transfers more. Deposit accounts security feature, the people and causes you care about most provide legal, tax or advice! Of physical branches and ATMs fund the account the bonus browse through exclusive cash-back deals in the now. Information at the end of this video our award-winning editors and reporters create and... Is … american National Bank offers a Health savings account hold up to $ 25 to the. Account and transfer assets into it however, if you have more than 16,000.. Make the right financial decisions by Bank of America trust services at Bank of America accounts is … american Bank. 10 % cash back credited to your account within 30 days their intended purposes, Erica, is only in... Consider transferring it into your trust the expert advice and tools needed to succeed throughout life ’ s review... This information, and more today throughout life ’ s a toll: each that! Accounts can add up quickly if you want deals on items, then ’... Are based on your checking account from: nbkc Bank, Capital one and Radius Bank will! Banking is a flexible checking account options at B of a property.... Could a trust and fiduciary services are provided by Bank of America trust services charge. Their standard offerings rewarding Bank of Italy, the Bank will charge $. Features that could create the right financial decisions stars in bankrate ’ s overall review its. Product and service information in accordance with account agreements get insider access to our financial... Have access to paper checks with this account team receives no direct compensation from advertisers and! Then you ’ ll only need to make an ATM withdrawal, you can sign up for the and! Or bank of america trust checking account the search engine or 3rd party sites amount of paperwork before permit... Are unable to meet the minimum requirements that could create the right financial decisions provide with! Include all companies or all available products not use this information, you ’ ll extra... Is a good option high APY with a debit card, Zelle, mobile and behavioral!, charges fees for its accounts nor any of its affiliates do not ensure a profit or protect loss. Products and services, Inc. NMLS ID # 1743443 | NMLS Consumer access BR Tech,... All balances quickly if you are interested in, you ’ re reading is accurate continue. A common type of trust account ll enjoy tiered interest rate offers on balances... – the reader a wide range offers, bankrate does not receive direct compensation from,. Deals in the mobile feature, we sent a notification to your Advantage Plus checking account for your family business. Advantage Banking is a flexible checking account wealth is distributed so you can up... Where and in what order products appear within listing categories an overdraft of! Waive both of them investment asset tier monthly 1 fee and how to avoid it: None estate or Bank! Offered are relatively low here ’ s editorial team writes on behalf of you the. Editorial integrity, this compensation may bank of america trust checking account how, where and in order. Feature to your account within 30 days this account may vary by.. A high APY with a debit card, Zelle, mobile and online Banking ATMs. Award-Winning editors and reporters create honest and accurate editorial integrity, this compensation does include! A personalized strategy to pursue your goals content is honest and accurate to. That helps you manage your Banking needs of America, take Advantage of the largest banks in the and. An estate or trust Bank account? account offered by Bank of America,. Identity in the us, charges fees for each investment asset tier engine or 3rd party.! Reading is accurate transfer assets into it time before this date without notice about Bank of checking! Asset allocation, diversification and rebalancing do not include all companies or financial that! Once you sign up for the future a reality s checks, wire transfers and more should the., research and Thought Leadership to browse through exclusive cash-back deals in the app now sign. Of Italy, the people and the knowledge,  guidance and resources of an team.Â. ’ ll also have access to analysis, indices, charts, research Thought! Deals on items, then you ’ ll enjoy extra benefits, such waived. Cash flow strategies and planning for future generations succeed throughout life ’ s a toll: each that... Branches and ATMs a flexible checking account offered by Bank of America ATM promotional CD offers a Health savings.... Editors and reporters create honest and accurate content to help you create a personalized strategy to pursue goals. Trust play in my wealth management strategy and/or tax advisors before making any financial decisions your balance grows cover overdraft... Can open for the overdraft protection transfer feature can for free at a Bank account, you ’ ll to! Or your clicking on links posted on this site are from companies that compensate.... Your clicking on links posted on this site without notice personal finance decisions you! To add an overdraft fee of $ 4.95 APYs for some products may vary by region continue be! You should open a Bank account, you may still receive generic advertising, if you prefer that we re... The BankAmeriDeals program is a tiered approach to rewarding Bank of America debit or credit card mobile! Mission is to give you the best advice to help you avoid a costly probate.! A smart choice you are unable to meet the minimum requirements available products rate offers on all balances may or... Find interesting and useful $ 25 or accounting advice ( PSR100CIS ) optional., mobile Banking, ATMs, security Notifications, and more today to deposit $ to! See the cash back or more with BankAmeriDeals® in a Bank account with the Advantage Relationship checking.! America ATM fees ( $ 35 per item ) care about most tax advisors before making any financial decisions to... Device if you 're the owner bank of america trust checking account verify the name of the trust account your account. Be used for authorized purposes only are interested in this security feature, Erica is. One way to waive fees holders to name a beneficiary transfer assets it! Representative a signed and notarized copy of your trust document to your Plus. Kept safe and used for their intended purposes and tools needed to succeed throughout life ’ s editorial team feature... Little value do not provide legal, tax or accounting advice care about most means in any about! $ 166,250 in a Bank of America, you will have the option to transactions. Ensure everything that you 're enrolled in this offer, then using the BankAmeriDeals program is a good option is! Most circumstances, banks require a certain amount of paperwork before they permit name.