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. Show
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. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. You should review any planned financial transactions that may have tax or legal implications with your personal tax or legal advisor. Securities products are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S", or "Merrill"), a registered broker-dealer, registered investment adviser, Member SIPC layer, and a wholly-owned subsidiary of Bank of America Corporation. MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation. 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 are provided by Bank of America, N.A. and U.S. Trust Company of Delaware. Both are indirect subsidiaries of Bank of America Corporation. Insurance Products are offered through Merrill Lynch Life Agency Inc. (MLLA) and/or Banc of America Insurance Services, Inc., both of which are licensed insurance agencies and wholly-owned subsidiaries of Bank of America Corporation. Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Investment and insurance products: Mastercard is a registered trademark of Mastercard International Incorporated, and is used pursuant to license. Visa is a registered trademark of Visa International Service Association, and is used pursuant to license from Visa U.S.A. Inc.. Touch ID is a registered trademark of Apple Inc., registered in the U.S. and other countries. "Get more rewards with your everyday banking" is a trademark and Bank of America Core Checking, Bank of America Interest Checking, Merrill Edge, Merrill Lynch, Clarity Statement, SafeBalance Banking, Total Security Protection, BankAmeriDeals, Keep the Change, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.
sshepard / Getty Images Direct deposit is a convenient way to receive money from your employer or the government. If you’re a customer with Bank of America, Member FDIC, you have another reason to consider setting up a direct deposit: It’s a way to avoid monthly maintenance fees on select accounts. Keep reading to learn more about how to sign up for Bank of America direct deposit and how it works. What Is Direct Deposit?Direct deposit is simply the electronic transfer of funds straight into your Bank of America bank account from the entity that is paying you, which might be your employer or a government agency. Direct deposit is faster and less expensive than issuing paper checks. How To Set Up Direct Deposit With Bank of AmericaThere are multiple ways to set up a Bank of America direct deposit. No matter which method you choose, you need to provide information about yourself and your account.
How To Set Up a Direct Deposit From an EmployerYou may be able to set up direct deposit with your employer’s payroll system online. If not, follow these steps to set up a direct deposit from your employer:
How To Set Up a Direct Deposit From the U.S. TreasuryFor benefits being paid by the federal government, such as Social Security and Veterans Affairs payments, you have three options. The first is to complete the process online:
You also can call the U.S. Treasury or schedule an appointment at a local Bank of America branch during regular business hours. Should You Utilize a Bank of America Direct Deposit Form?If you are a Bank of America customer, it makes sense to set up a direct deposit for recurring payments. Not only is it a convenient way to receive money, but it can also bring you significant savings. For example, Bank of America Advantage Plus Banking® checking account holders can waive the $12 monthly maintenance fee when they have at least one qualifying direct deposit of $250 or more made to their accounts. That’s a savings of $144 per year. Bank of America Direct Deposit Form Frequently Asked QuestionsOnce you begin the process of setting up direct deposit at Bank of America, you'll probably have some questions. Here are some common ones:
This article has been updated with additional reporting since its original publication. Information is accurate as of Oct. 31, 2022. Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article. Karen Doyle is a personal finance writer with over 20 years’ experience writing about investments, money management and financial planning. Her work has appeared on numerous news and finance websites including GOBankingRates, Yahoo! Finance, MSN, USA Today, CNBC, Equifax.com, and more. Learn More What is a voided check for direct deposit?Definition of a Voided Check
This type of check is not used for deposit or cashing purposes. Instead, the voided check can be used to establish a direct deposit or bill pay. Establishing direct deposit or online bill pay eliminates the hassle of going to the bank to make payments or deposit your paycheck.
What can I use if I don't have a voided check for direct deposit?Alternatives to a Voided Check. A direct deposit authorization form. ... . A voided counter check. ... . A deposit slip with your banking information preprinted on it. ... . A photocopy of a check or deposit slip for your account.. |