The fastest way to add a savings account

Open the Bank of America app, tap the menu icon (three horizontal lines) in the bottom right, then select "Accounts" or "Add Account." Choose "Link an existing account" if the savings account is already open at Bank of America, or "Open a new account" if you want to create one. If you're linking an existing account, you'll need your account number and routing number — both appear on the bottom left of any check from that account. The app will verify the account in real time, usually within seconds.

If you're opening a new savings account through the app, you'll answer questions about account type, initial deposit amount, and whether you want overdraft protection. The whole process takes about five minutes. Once added, the account appears on your dashboard and you can transfer money between it and your checking account without leaving the app.

Key Takeaways

  • You can add an existing Bank of America savings account or open a new one directly in the app using the menu and "Add Account" option.
  • Linking an existing account requires your account number and routing number, which you can find on any check or in your account statements.
  • The app verifies linked accounts when ready, so you can start moving money between accounts the same day.
  • If you open a new savings account through the app, you'll choose your account type and initial deposit amount during setup.

What information you need before you start

Have your account number and routing number ready if you're linking an existing savings account. Both numbers appear on the bottom of any check you have from that account — the routing number is on the left, your account number is in the middle. You can also find these numbers by logging into your Bank of America online account and viewing your account details.

If you're opening a new account instead, you'll need your Social Security number, date of birth, and address. You'll also decide on an initial deposit amount, which can be as little as $0 for some savings products, though Bank of America may require a minimum for certain account types. Check your current account to see if you have funds available to transfer when ready.

Adding an account that's already at Bank of America

This is the simplest route. Open the app, tap the menu icon, and select "Add Account." Choose "Link an existing account," then select the account type (savings, money market, or other). Enter your account number and routing number, then tap "Link." The app confirms the account is yours by checking it against Bank of America's records — this happens when ready.

Once linked, the account shows up on your dashboard. You can now transfer money between this savings account and any other account you have in the app. Set up a transfer by tapping the account, selecting "Transfer," and choosing the destination account and amount. Transfers between your own Bank of America accounts usually post the same day.

Opening a new savings account through the app

Tap the menu icon, select "Add Account," then choose "Open a new account." The app shows you available savings products — these vary by state and may include basic savings accounts, high-yield savings accounts, or money market accounts. Read the details for each: interest rates, monthly fees, and minimum balance requirements differ. Select the one that fits your needs.

You'll then enter your Social Security number, date of birth, and current address. Choose your initial deposit amount — you can transfer money from another Bank of America account or link an external account. The app processes your process and usually confirms approval within minutes. Your new account number appears in the app when ready, and you can start using it right away.

Troubleshooting when an account won't link

If the app says the account number or routing number is incorrect, double-check both numbers on a check or in your online account. Routing numbers are nine digits; account numbers vary in length but are usually 10 to 12 digits. Make sure you're not mixing them up — a common mistake is entering the account number where the routing number goes.

If the numbers are correct but the app still won't link, the account may not be set up yet or there may be a temporary system issue. Wait a few minutes and try again. If it continues to fail, call Bank of America at the number on the back of your debit card. A representative can verify the account details and link it manually if needed. This usually takes a few minutes on the phone.

Moving money between your accounts once they're linked

Once your savings account appears in the app, transferring money is straightforward. Tap the account you want to transfer from, select "Transfer," then choose the destination account. Enter the amount and confirm. Transfers between your own Bank of America accounts post the same day, usually within a few hours.

You can also set up recurring transfers — for example, moving $50 to savings every payday. Tap "Transfer," select "Set up recurring transfer," choose the frequency (weekly, biweekly, monthly), and the amount. The app will move the money automatically on the schedule you set. You can pause or cancel a recurring transfer anytime by tapping it and selecting "Stop."

Frequently Asked Questions

Can I add a savings account from a different bank?

The Bank of America app only links accounts held at Bank of America. If your savings account is at another bank, you cannot add it directly to the app. You would need to transfer money between banks using external transfer methods, such as wire transfer or ACH transfer through your other bank's website.

How long does it take to open a new savings account in the app?

The process usually takes five to ten minutes to complete. Bank of America typically approves or denies the account within minutes. Your new account number appears in the app when ready, and you can start using it the same day. Some account types may require additional verification, which can add a day or two.

What if I forget my account number?

Log into your Bank of America online account on a computer or the app itself — your account number appears in the account details section. You can also call the number on the back of your debit card and a representative will provide it. If you have a check from that account, the account number is printed on the bottom.

Can I remove an account from the app after I add it?

Yes. Tap the account, select the menu icon (three dots), and choose "Remove account" or "Unlink account." This removes it from your app view but does not close the account itself. The account remains open at Bank of America and you can add it back to the app anytime.

Do I need a minimum balance to keep a linked savings account?

Minimum balance requirements depend on the specific savings product. Some Bank of America savings accounts have no minimum, while others require $300 or more. When you open or link an account, the app shows the minimum balance requirement. If you fall below it, Bank of America may charge a monthly fee, usually $5 to $12.