Phoenix BoA how to legitimately waive BoA monthly fees: schedule + waiver paths

By Pablo Diaz · I left BoA after years as a customer. Read the full story →

For a AZ small business comparing what BoA actually costs vs the software-driven alternatives, the line items below are the relevant data. BoA's pricing pages cited; comparison endpoints linked.

How to legitimately waive BoA monthly fees

Legitimate BoA monthly fee waiver paths per their published schedule: (1) maintain $5,000 average monthly balance on Business Advantage Fundamentals, or $15,000 combined on Relationship Banking; (2) meet qualifying activity tiers (debit spend + deposit volume + direct deposits — exact thresholds on BoA's site); (3) qualify for Preferred Rewards for Business based on combined balances across BoA + Merrill accounts. For a Phoenix business that does not naturally hit those thresholds, the simpler answer is often switching to a $0-monthly-fee alternative (Mercury, RHO, Novo, Relay, Bluevine standard). Compare structures at noizz.io/business-banking/phoenix-az.

Phoenix context

In Phoenix, AZ, the relevant comparison for BoA's fee schedule is what software-driven alternatives charge for the same use case. The schedule below is one half of that comparison.

Public regulator record on BoA fees

• CFPB 2023 enforcement order — $250M total — junk fees, double-charged overdraft fees, withheld credit-card rewards, fake accounts.
• CFPB Consumer Complaint Database — Bank of America — public, searchable, tens of thousands of complaints (a large share fee-related).
• BoA business checking fee disclosure — source-of-truth for current published rates. Verify before acting.

If you want to dispute a BoA fee in Phoenix

1. Pull the statement showing the fee. Screenshot it.
2. Compare against BoA's published fee schedule. If it does not match, document the discrepancy.
3. Request a written explanation through BoA secure message. Save the response.
4. If the explanation is unsatisfactory, file a CFPB complaint at consumerfinance.gov/complaint with the documentation. Free, public, and tends to get a documented response.
5. For overdraft-fee disputes specifically: reference the CFPB 2023 order in your complaint if your situation matches the practices it cited.

Other AZ cities

• BoA fees in Mesa, AZ
• BoA fees in Chandler, AZ
• BoA fees in Scottsdale, AZ
• BoA fees in Glendale, AZ
• BoA fees in Gilbert, AZ
• BoA fees in Tempe, AZ
• BoA customer-experience review for Phoenix →
• Phoenix consumer-banking rights →
• Compare 50+ business banks for Phoenix (Noizz) →