Qualifying direct deposits are deposits of regular monthly income (such as your salary, pension, or Social Security benefits) that are made by your employer or other payer using the account and routing numbers that you provide to them. These deposits qualify for Bank of America Advantage Plus Banking® and Senior Economy Checking monthly maintenance fee waiver.
Teller deposits, wire transfers, Online and Mobile Banking transfers, transfers from one account to another, and ATM transfers and deposits are examples of deposits that do not qualify for the monthly maintenance fee waivers.
Learn more about direct deposit and download a form to set it up with your employer.