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Frequently Asked Questions

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FAQs for Business Check and ATM Cards

Business ATM Card

Business Check Card

Business Deposit Card

Business ATM Card

What can I do with a Business ATM Card?

You can make deposits, withdraw cash, transfer money and get account balances with your Business ATM Card. Also, you can pay for purchases using your card at thousands of merchants that accept ATM cards.


 
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What are the limits on my Business ATM Card?

You may withdraw up to $700 of your available account balance per day. For card purchases using your Personal Identification Number (PIN), your daily limit is $1,000 of your available account balance.


 
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How many accounts can I link to my Business ATM Card?

You can link up to 15 Bank of America business checking and savings accounts to one card. You can name each account individually so that each account name will appear on the ATM screen for you to select when you want to make deposits and withdrawals.


 
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Business Check Card

How do I activate my Business Check Card?

Just use your Business Check Card with your Personal Identification Number (PIN) at a Bank of America ATM. For your protection, your card won't work until you perform this step.


 
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How is my Business Check Card different from an ATM card?

Your Bank of America Business Check Card does everything an ATM card can do and more. Not only can you use it at ATM locations, you can also make purchases with it at more than 20 million VisaŽ locations worldwide.


 
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How is my Business Check Card different from a credit card?

Your Business Check Card is not a credit card. Purchases are deducted automatically from your Business Checking Account and detailed on your monthly statement.


 
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What should I do if my Business Check Card is lost or stolen?

Please call us promptly to report a lost or stolen card. We'll cancel your card and issue a replacement within days. You won't be liable for any unauthorized purchases or withdrawals from your account. The toll-free number to call is listed on your business account statement.


 
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Does the Business Check Card offer any rewards such as frequent flyer miles?

The Bank of America Business Check Card does not currently offer reward miles or air miles, but it's something that we're looking into.


 
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Why should I use a Business Check Card?

A Business Check Card is an extremely convenient way to pay for business expenses and has many advantages over checkwriting:

  • Since your purchases are automatically deducted from your business checking account, you have the advantage of receiving no surprise bills at the end of the month.
  • There are no per-item fees for conducting check card transactions.
  • Every VisaŽ transaction comes with a receipt detailing the merchant name, transaction date and amount.
  • Full transaction detail appears on your monthly checking account statement.
  • Full transaction details also appear on www.bankofamerica.com approximately two to four days after your transaction date free of charge.
  • Your Bank of America Business Check Card can be used for Internet and phone order transactions.
  • Business Check Cards are accepted at 20 million VisaŽ locations worldwide.
 
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I already have a VisaŽ card. Why should I get a Business Check Card to make purchases?

The Bank of America Business Check Card is the only card that you can use to pay for business purchases directly from your business checking account. Since all of your business expenses are itemized on your business checking account statement, you'll enjoy greater financial control. Also, a Bank of America Business Check Card is a great way to protect yourself in case of an emergency. The card comes with a package of benefits including:

  • Travel and emergency assistance
  • Purchase security and extended protection for up to 90 days in case of theft or damage of the goods you purchase with the Business Check Card
 
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Business Deposit Card

How many Business Deposit Cards can I have?

You can request cards for your employees, which will allow them to make deposits only. Each card has a unique card number and individual personal identification number (PIN).


 
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Where can I use my Business Deposit Card?

You and your designated employees can use the card at any deposit-taking Bank of America automatic teller machine seven days a week.


 
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