What types of personal checking accounts does Bank of America offer?

As of 2015, Bank of America offers two types of personal checking accounts: Bank of America Core Checking and Bank of America Interest Checking. The latter option attracts customers that keep high balances and allows customers to accumulate interest on savings; the former option offers a basic checking account approach.

The Bank of America Core Checking features no monthly fee if the customer deposits one qualifying amount of $250 per cycle, maintains an average balance of $1,500 or is a Bank of America Preferred Rewards client.

The Bank of America Interest Checking option incurs no monthly fee if the customer keeps a balance of at least $10,000 per cycle or is a Bank of America Preferred Rewards client.