To open a SafeBalance for Family Banking account, the parent or legal guardian must:

• Be over 18 years old
• Have an existing Bank of America Consumer checking or savings account
• Have an Online Banking log-in
• Have a child under 18 years old at the time of account opening
• Open the account in Online or Mobile Banking, or visit a financial center for assistance in opening the account online.

To open a SafeBalance Banking account,

• Teens ages 16+ may open the account sole-owned. Save time by scheduling an appointment. Bring the following identification with you:
  • Government issued photo ID: Examples: U.S. driver's license, state ID card, passport
  • Secondary forms of ID Examples: student ID, work ID, debit card or credit card from another financial institution
• If teens under 18 years old cannot meet the ID requirements above, they can still apply at a financial center with a parent or guardian.
• Children under 16 years old may also open with a parent co-owner at a financial center.
• International students also need proof of US residency and may use other forms of ID. For more information visit bofa.com/international-students.

• You cannot write paper checks with these accounts.
• Both accounts are automatically set to the Decline All overdraft setting and cannot be changed. Thus, overdraft fees are not charged with either of these accounts.

With a SafeBalance for Family Banking account, the following features are also unavailable:

• Zelle
• External money transfers into the account, including direct deposits, wires, ACH transactions and transfers from another bank.
• This account also cannot receive credit card cash advances or credit card rewards redemptions.

Bank of America Advantage SafeBalance Banking provides a straightforward, easy-to-use experience that lets you focus on the basics. There are no overdraft fees and no monthly maintenance fee for accounts with an owner under 25. Please view your Personal Schedule of Fees for details and other ways to avoid the monthly maintenance fee.