Bank of America Advantage SafeBalance Banking® and SafeBalance® for Family Banking Clarity Statement®

Bank of America Advantage SafeBalance Banking

and SafeBalance

for Family Banking (Family Banking coming to select states in July 2024.)

Clarity Statement® — Overview of key policies and fees

Account information

Opening Deposit

$25 or more

Monthly

Maintenance

Fee

$4.95 each month. You can avoid the Monthly Maintenance Fee when you meet ONE of the following

requirements during each statement cycle:

• Maintain a minimum daily balance of $500 or more in your account, OR

• An account owner, or child on a Family Banking account, is under the age of 25 (fiduciary accounts don't

qualify), OR

• An owner of the account is a member of the Preferred Rewards program. Learn more at

bankofamerica.com/preferred-rewards.

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

Ways to make payments

Pay individuals and businesses using:

• Your Debit Card: Make purchases and payments at millions of locations.

• Online and Mobile Bill Pay: Pay your bills through Bank of America's Online Banking or Mobile Banking app.

• Online or Mobile Banking transfers: Securely send money to friends, family or coworkers.

NOTE: You can't write personal checks on this account. Any check you write will be returned unpaid, even if you have enough

money in your account.

No bank overdraft fees

We don't charge overdraft fees on this account. To help you avoid overdrawing your account, transactions will be

declined and returned unpaid when you don't have enough money in your account.

• If this happens, you won't be charged a bank overdraft fee, but the merchant or third party could charge you a fee. For example, you

may be charged a late fee if the payment isn't received on time.

• An owner can set up email or mobile alerts to notify you when you have a low balance in your account or when items aren't paid. (We

don't charge for this service but your mobile carrier's message and data fees may apply. Delivery of alerts may be affected or

delayed by your mobile carrier’s coverage.)

While this account prevents you from overdrawing in most cases, there may still be times when your account could have

a negative balance, but we won't charge an overdraft fee. This could happen in the following ways:

• When your debit card is authorized for one amount but the final amount is higher (for example, adding a tip at a restaurant or

pumping gas)

• A scheduled bill payment is deducted when you have insufficient funds in your account for the payment

• When you get charged a fee, such as a monthly maintenance fee, and the current balance is less than the fee

When your deposits are available

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

• Checks you deposit: Usually the next business day, if deposited before the financial center or ATM cutoff time.

• Mobile Check Deposits: Usually the next business day if deposited by applicable cutoff times. Please refer to Deposit Checks, then

Help in the Mobile Banking app for additional details and terms and conditions.

• 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 $5,525 and checks deposited within the

first 30 days of account opening may be held longer.

Information is current as of 05/2024 and is subject to change.

See reverse

Sort_Audit: CC:00-53-5664NSB

How we post transactions

The way we post transactions impacts your account balance. At the end of each business day, we'll group transactions received that

day into categories before posting them. Below are the most common categories, and common transaction types in each, in the order

that they generally post to your account. Keep in mind that transactions that are still processing may lower your available balance.

• Deposits: Added from highest to lowest dollar amount.

• Many debit transactions: Subtracted based on the date and time you made them. If our system doesn’t receive date and time of

the transaction, they are posted and subtracted from highest to lowest dollar amount. These include one-time and recurring debit

card transactions, one-time transfers and ATM withdrawals.

• 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.

Reminder: Paper checks will not work with this account.

Additional fees

Statement copies No fee Paper copies available upon request. Printable statements are available in Online

Banking.

Card replacement No fee For each ATM or debit card

$15.00 For rush delivery

Stop payment $30.00 For each request; WAIVED for requests on debit card or Bill Pay transactions

Cashier's checks $15.00 For each check

Domestic wire

transfers

$15.00

For each incoming wire transfer

$30.00 For each outgoing wire transfer

International wire

transfers

$15.00

For each incoming wire transfer

No fee For each outgoing wire transfer sent in foreign currency

$45.00 For each outgoing wire transfer sent in U.S. Dollars

For international wire transfers, other fees or amounts may also apply, including those charged by the recipient's financial institution, foreign taxes, and other

fees that are part of the wire transfer process. For more information, please refer to the Personal Schedule of Fees.

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.

Get the most out of your account

Review all the features and

benefits of your new account at

bankofamerica.com/quickstart

For questions, schedule an appointment

to visit a financial center at

bankofamerica.com/appointments

Call us at

800.432.1000

Please see the Personal Schedule of Fees and Deposit Agreement and Disclosures for your account terms.

00-53-5664NSB

1. Some payment options are unavailable for the owner and child of a SafeBalance® for Family Banking account.

2. Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.

3. Fees apply to wires and certain transfers. See the Online Banking Service Agreement at bankofamerica.com/serviceagreement for details.

4. Direct deposit and wire transfers aren't available for SafeBalance® for Family Banking accounts.

5. SafeBalance® for Family Banking accounts can’t receive incoming wire transfers.

6176352 | 00-14-9317 | ALL STATES