PCH-00-53-5421NSB

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BankofAmerica

Clarity Statement

Bank of America Core Checking

Understanding Bank of America Core Checking

An overview of key policies and fees

Your Core Checking account

Monthly Maintenance fee $12.00

each month

You can avoid the Monthly Maintenance fee when you do one of the following

each statement cycle:

Make at least one qualifying Direct Deposit of $250 or more, OR

Maintain an average daily balance of $1,500 or more

Students under age 23 are eligible for waiver of this fee while enrolled in high

school, college or a vocational program.

ATM fees

Bank of America

ATMs 

No ATM fee For deposits, withdrawals, transfers or balance inquiries

Non-BankofAmerica

ATMs

$2.50 In the U.S., plus any fee charged by the ATM's operator

$5.00 Outside the U.S., plus any fee charged by the ATM's operator

Overdraft policy

• To help you avoid fees, we won't authorize ATM withdrawals or everyday debit card purchases when you don't have enough money

in your account

We offer two overdraft setting options for how you want us to process your other transactions, such as checks and scheduled payments•

Overdraft settings and fees

Option 1: Standard

$35.00 per

overdraft or

declined/

returned

transaction

We may approve checks or scheduled payments that cause an overdraft. Use this

setting if you want transactions to be completed, even though you'll pay a fee. You

pay a $35 Overdraft Item fee for each payment that goes through, or a $35 NSF:

Returned Item fee for each one that doesn't. There's no NSF: Returned Item fee for

one-time or recurring declined debit card payments. However, an Overdraft Item fee

can apply to a recurring debit card payment that is completed. No more than 4

Overdraft or Returned Item fees are charged per day.

Option 2: Decline-All

$35.00 per

declined/

returned

transaction

We won't authorize any transactions that will cause an overdraft.

You pay a $35 NSF: Returned Item fee for each transaction that does not go

through. There's no NSF: Returned Item fee for declined debit card payments. No

more than 4 Returned Item fees are charged per day.

Emergency cash

at the ATM

$35.00 per

overdraft

transaction

You may be able to authorize an overdraft and access cash at a Bank of America

ATM. You'll pay a $35 Overdraft Item fee for the ATM withdrawal unless you deposit

money to cover your overdraft by the end of the business day.

 

Extended Overdrawn

Balance charge

$35.00

Additional fee when your account stays overdrawn for 5 consecutive business days

(excludes Saturday and Sunday).

Overdraft Protection

transfer fee

$10.00

per transfer

(Effective

November 6,

2015, this

fee changes

to $12.00

per transfer)

With Overdraft Protection, if you're about to overdraw your account, we'll

automatically transfer available funds from your linked savings or second eligible

checking account. Only 1 transfer fee charged per day.

This Clarity Statement summarizes key policies and fees for this account. For more information about the terms

that govern your account, please review your Personal Schedule of Fees and Deposit Agreement.

1. Overdraft Protection is also available from your BankofAmerica credit card. Overdraft Protection transfers from your credit card are Bank Cash Advances. They are subject to

overdraft protection cash advance fees and will accrue interest at the Bank Cash Advance APR. Please refer to your Credit Card Agreement for additional details.

Information is current as of 08/2015 and is subject to change.

See reverse

Additional fees

Statement copies No fee Online, by phone or at a financial center (Effective November 6, 2015, this fee

changes to $5.00 each copy)

Check images $3.00 For each monthly statement that includes a printed check image

No fee Printable check images from the last 18 months are available online

Ordering checks Varies Depending on the style you choose

Card replacement $5.00 To replace an ATM or debit card when your card has not expired; additional $15

for rush delivery

Stop payment $30.00 Each request

Cashier's checks $10.00 Per check

Incoming wire

transfers (each)

$15.00 Domestic wire transfer

$16.00 Foreign wire transfer; other banks may charge additional fees.

Outgoing wire

transfers (each)

$25.00 Domestic wire transfer (Effective November 6, 2015, this fee changes to $30.00 each)

$35.00 Foreign wire transfer sent in foreign currency; other banks may charge

additional fees.

$45.00 Foreign wire transfer sent in U.S. Dollars; other banks may charge additional fees.

Deposited item

returned (each)

$12.00 Domestic item

$15.00 Foreign item

Non-Bank of America

Teller Withdrawal

  Per transaction, greater of $5.00 or 3% of the amount (maximum $10.00) when you use your ATM or

debit card, or card number, to make a withdrawal, transfer or payment at another bank and it is

processed as a cash disbursement

When your deposits are available

• Cash, direct deposits, wire transfers: On the day we receive them.

Checks: Usually the next business day, if deposited before the financial center or ATM cut-off time.

Mobile Check Deposit: Usually the next business day, if deposited by applicable cut-off times (please refer to Help in Mobile App). Dollar

limits apply to this service, vary by account and are communicated during the deposit process. Items you can't deposit using this

service include: U.S. Savings Bonds, checks from foreign banks, money orders, travelers checks and image replacement documents.

If we place a hold on your deposit, we'll let you know the hold reason and when funds will be available for you to use. This is

typically provided at the time of deposit but may also be mailed later. Deposits greater than $5,000 and checks deposited within

the first 30 days of account opening may be held longer.

•

How we post transactions

The way we post transactions impacts your account balance. If there's not enough available money in your account to cover all of

your transactions, the posting order can impact the number of overdraft fees you incur. After each business day ends, we'll group

transactions received that day into categories before posting them. We show below the most common categories, and common

types of transactions within each of them. We generally post transactions in the order shown below.

• Deposits: Added from highest to lowest dollar amount.

Many debit transactions: Subtracted based on the date and time you made them (if the system knows the date and time of the

transaction). These include one-time and recurring debit card transactions, one-time transfers, ATM withdrawals, and checks cashed

with our tellers.*

•

• Other checks you wrote: Subtracted in check number order.*

Most other electronic payments and preauthorized transfers: Subtracted from highest to lowest dollar amount. These include

scheduled transfers, online bill payments and preauthorized payments that use your account number.

Most fees: Subtracted from highest to lowest dollar amounts.

If our system doesn't receive date and time information, or can't detect the check number, remaining transactions in these

categories are posted from highest to lowest dollar amount.

•

Get started with your account

Open this account with $25 or more. Visit bankofamerica.com/quickstart to make sure you're taking advantage of your new

account, including signing up for online banking.

Questions? Please call 1.800.432.1000 or visit a nearby financial center.

Additional fee waivers may be available to U.S. Trust

and qualified Merrill Lynch Wealth Management

clients. Please contact your advisor to learn more.

Banking products are provided by BankofAmerica, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of BankofAmerica Corporation.

00-53-5421NSB