How to open a new savings account with Bank of America

12/30/2017 Author: Payleaf Team

Need help setting up a savings account with Bank of America?  This is a step by step how-to article that explains how to set up a new savings account online with Bank of America.  This article assumes you already have a relationship with Bank of America, and you already have account(s) with Bank of America.


Go to the Bank of America sign in page and log in using your username and password.  Alternatively, you can go to the Bank of America home page, shown below.


Select the Checking & Savings Account option.  Note that in order to have a Savings Account at Bank of America, you must first have a Checking Account at Bank of America.


Complete the information request.  You will need to fill out your zip code and county of residence.


Follow the Get Started prompt to add a Savings Account to your Checking Account.  If you are already a Bank of America customer, select that option to streamline your application.  Select the Go to Application option.


Complete the Bank of America application with your personal information.  You will need to enter your first and last name, your address, phone number and email address.  Additionally, you will need your social security number and date of birth.

If you are sharing this account with another individual, you will need to select the co-applicant option, and also have their information ready to enter.  You will need to enter their first and last name, their address, phone number, email address, social security number and date of birth.

Note: Bank of America gives you the option to save your application in case you don’t have all your information at that moment.  Select the Save for Later option at the bottom of the page.


After you enter the information, you will select the type of account you want to use.  If you already have an account with Bank of America, select the Savings Account (Rewards Savings) option.


Once you have added a Savings Account to your application, review the terms and conditions.  Select the option to continue.


This is your final review and submit page.  Review your information to make sure everything is correct, and submit your application.

Let us know how this article was helpful.



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