Yes, you can change most Bank of America account types online through your account settings
Bank of America lets you switch between most checking and savings account types without closing your account or visiting a branch. The process takes a few minutes in the online banking portal or the mobile app. Not every account type can be changed online — some conversions require a phone call or branch visit — but the most common switches (like moving from a basic checking account to a premium one, or vice versa) work through self-service.
The key limitation is that you cannot change account types if doing so would trigger a fee you want to avoid. For example, if you switch to an account with a monthly maintenance fee and do not meet the balance or deposit requirements to waive it, the fee starts when ready. You also cannot change account types if your account is flagged for fraud, is overdrawn, or has a hold on it.
Key Takeaways
- Most checking and savings account type changes happen in your online account settings under "Account Services" or "Manage Account," though the exact menu path varies by device.
- Premium accounts like Preferred Checking require you to meet ongoing balance or deposit minimums, and fees begin the month after you switch if you do not meet them.
- Some account types — particularly student accounts converting to standard accounts, or accounts with special terms — require a phone call to 800-432-1000 or a branch visit instead.
- Your account number, routing number, and direct deposit information stay the same when you change account types, so you do not need to update employers or other payors.
- The change usually takes effect the next business day, though you should confirm the new account terms before switching to avoid unexpected fees.
Where to find the account type change option online
Log into your Bank of America account on the website or open the mobile app. On the website, look for a menu labeled "Account Services," "Manage Account," or "Settings" — the exact wording depends on whether you are using the classic or newer interface. Tap or click on your checking or savings account name, then look for an option that says "Change Account Type," "Switch Account," or "Account Options."
On the mobile app, the path is usually: tap the account you want to change, then look for a menu icon (three horizontal lines or three dots) and select "Account Services" or "Manage Account." From there, you should see the option to change your account type. If you cannot find it after checking both locations, your account type may not be changeable online — in that case, you will need to call or visit a branch.
What happens to your account number and direct deposit when you switch
Your account number and routing number do not change when you switch account types. This means you do not need to contact your employer, update automatic bill payments, or notify anyone else who deposits money into your account. Direct deposits, automatic transfers, and standing payment instructions all continue to work exactly as they did before.
The only thing that changes is the account's features, fee structure, and any perks or requirements attached to the new type. If you are switching from a basic account to a premium account, you may gain features like higher interest rates, fee waivers, or bonus rewards. If you are switching down to a lower-tier account, you may lose those perks but also lose any monthly maintenance fees.
Account types you can usually change online
Bank of America's most common account types — Advantage Checking, Preferred Checking, and Advantage Savings — can typically be changed online if your account is in good standing. You can move between these tiers in either direction: from basic to premium, or from premium back to basic. You can also switch between a checking account and a savings account, though this is less common.
Some specialty accounts cannot be changed online. Student accounts, for example, must be converted to a standard account by phone or in person once you graduate or no longer meet the student requirements. Accounts with special promotional terms, accounts linked to investment products, or accounts with holds or flags also require a phone call or branch visit.
Fees that start when you switch to a premium account
Preferred Checking and other premium accounts come with a monthly maintenance fee unless you meet one of the fee-waiver requirements. These requirements typically include maintaining a minimum balance (often $1,500 to $2,500, depending on the account), setting up a direct deposit of at least a certain amount per month, or maintaining a linked investment or credit product with Bank of America. If you do not meet any of these requirements, the fee begins the month after you switch.
Before you change your account type online, review the current fee structure and requirements on Bank of America's website or in your account settings. The system should show you what the monthly fee will be and what you need to do to avoid it. If you are not sure you can meet the requirements, switching down to a basic account or staying with your current account is the safer choice.
When you need to call or visit a branch instead
Call Bank of America at 800-432-1000 if the online option does not appear for your account, or if you are trying to convert a student account, a specialty account, or an account with special terms. You can also visit any Bank of America branch and ask a representative to change your account type for you. A branch visit usually takes 10 to 15 minutes.
If your account has a hold, is overdrawn, or is flagged for fraud or suspicious activity, you will not be able to change the account type until the issue is resolved. Call the number on the back of your debit card or visit a branch to address the hold or flag first, then attempt the change again.
How long the change takes to go into effect
When you change your account type online, the change usually takes effect the next business day. You should see the new account type reflected in your account settings and on your statements within 24 hours. If you changed to an account with a monthly fee, that fee will appear on your next statement if you do not meet the waiver requirements.
If you need to change your account type urgently — for example, because a fee is about to post — call 800-432-1000 and ask a representative to make the change over the phone. A phone change can sometimes take effect the same day, though next business day is more typical.
Frequently Asked Questions
Can I change my account type if my account is overdrawn?
No. You must bring your account to a positive balance first. Once the overdraft is cleared, you can change your account type online or by calling 800-432-1000. If you are having trouble getting out of overdraft, ask about Bank of America's overdraft protection options or a short-term loan.
Will changing my account type affect my credit score?
No. Changing your account type is an internal account change and does not trigger a credit inquiry or appear on your credit report. It only affects the features and fees on that specific account.
What if I change to a premium account and then cannot afford the monthly fee?
You can change back to a basic account at any time through the same online process. The fee will stop appearing on your next statement after you switch. If you have already been charged a fee and believe it was in error, call 800-432-1000 and ask about a one-time reversal.
Do I need to close my old account when I switch account types?
No. Changing your account type is not the same as closing an account. You are keeping the same account and straightforward changing its features and fee structure. Your account number stays the same.
Can I change my savings account to a checking account online?
Most of the time, yes. The process is the same as changing between checking account types. However, if your savings account has special terms or promotional interest rates, you may need to call 800-432-1000 to make the switch.