Bank of America Advantage Plus Banking® Clarity Statement®

Bank of America Advantage Plus Banking

Clarity Statement® — Overview of key policies and fees

Account information

Opening Deposit

$100 or more

Monthly

Maintenance

Fee

$12.00 each month. You can avoid the Monthly Maintenance Fee when you meet ONE of the following

requirements during each statement cycle:

• Make at least one qualifying Direct Deposit of $250 or more to your account, OR

• Maintain a minimum daily balance of $1,500 or more in your account, OR

• Be 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

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 at the time of the transaction.

• When we determine you don't have enough money in your account to cover other items such as checks or scheduled payments, we'll either

authorize and pay the item and overdraw your account (an overdraft item),

or decline or return the item unpaid (a returned item). When

this happens, you may be charged a fee. See details below.

• We offer two overdraft setting options for how you want us to process your other transactions.

Overdraft settings and fees

Option 1: Standard - This setting will be automatically applied to your account.

• Your checks and scheduled payments may be paid, causing an overdraft.

• You may be charged an Overdraft Item Fee if you overdraw your account.

• If we return an item unpaid, we won’t charge a fee, but the payee may.

Overdraft Item Fee

(We won't charge you more

than 2 of these fees per day.)

$10.00

per item

We won’t charge this fee:

• If your account is overdrawn by $1 or less OR

• For items that are $1 or less OR

• On items that were authorized when your account had enough funds available OR

• On ACH resubmissions labeled by the merchant as “RETRY PYMT” or “REDEPCHECK”

Option 2: Decline All - You can choose this setting if you would like to have your transactions declined or returned unpaid

when you don’t have enough money. With this setting you can avoid Overdraft Item Fees.

• Checks or scheduled payments will be returned unpaid if you don’t have enough money in your account.

• If your account becomes overdrawn for any reason, we won’t charge you an Overdraft Item Fee.

• When we decline or return a transaction, we won’t charge a fee, but the payee may.

Keep in mind, regardless of your overdraft setting, if you set up Balance Connect

for overdraft protection,

we’ll automatically

transfer available funds from one or more of your linked backup accounts if you’re about to overdraw your account.

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

1. Our overdraft fee of $10 may apply for overdrafts created by check, recurring debit card transactions, or other electronic means. If your account is overdrawn, you must

immediately bring your account to a positive balance. We pay overdrafts at our discretion and we reserve the right not to pay. For example, we typically do not pay overdrafts if

your account is not in good standing.

2. Transfers from a linked (1) brokerage account enrolled in margin lending, (2) Loan Management Account®, (3) credit card, or (4) line of credit and/or Home Equity Line of Credit are

subject to interest charges and governed by the terms and conditions of the account.

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

See reverse

Sort_Audit: CC:00-53-5421NSB

Additional fees

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

Banking.

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

Ordering checks Varies Depending on the style you choose

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.

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 cutoff time.

• Mobile Check Deposit: 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 your funds will be available. 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.

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. 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, ATM withdrawals, and checks cashed with our tellers.

• Other checks you wrote: Subtracted in check number order, unless our system cannot detect the check number; then, the check

transactions are posted and subtracted from highest to lowest dollar amount.

• 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.

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

00-53-5421NSB

Additional fee waivers may be available to Bank of America Private Bank and qualified Merrill Lynch Wealth Management

clients. Please contact your advisor to learn more.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies

that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.

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