Or are enrolled in Preferred Rewards (first 4 checking accounts).Or are an account owner who is under the age of 18.Are an owner of this account who qualifies as a Student under age 25 enrolled in school or an educational or vocational program.How to Avoid Bank of America Monthly Maintenance Fee Bank of America Monthly Maintenance Fees 4 Account Type and how you can avoid them.ĭisclaimer: Fees for each bank may vary based on location. Here’s a closer look at some of the fees at the biggest banks in the U.S. But, many large financial institutions do.īanks will tack on different amounts for their monthly maintenance fee, and it’s part of how they make their money. Not all banks charge a monthly maintenance fee.