Business Advantage Checking Account

Our premium account package with additional banking services at no extra charge.

Who it's for

Business Advantage Checking is designed for small to medium-sized businesses with:

• an average checking balance greater than $15,000
• fewer than 400 checks paid and deposited items–combined–per month
• need for multiple checking accounts or advanced online account management tools

Business Advantage features

• Your choice of up to 3 additional accounts with no monthly maintenance fees
  • A Business Economy Checking account
  • A Select Business Interest Maximizer™ savings account or Business Interest Maximizer™ savings account
  • A Regular Checking account for your personal use
• Free Online Business Suite™ Account Management Service1
• QuickBooks interoperability
• Delegate access to employees for certain accounts
• View all accounts in one place, even your non–Bank of America accounts
• Payroll Services – Bank of America Easy Online Payroll^® is an easy way to pay your employees and it is free when you designate all employees to be paid by direct deposit to a Bank of America account²
  
  
• No monthly maintenance fee if you maintain at least one of the following:
  • $15,000 average monthly balance
  • $35,000 combined average monthly balance of linked accounts³
  • $100,000 or more in business term loans or leases
• First 3 months free of the monthly maintenance fee, regardless of balances
• No charge for the first 400 checks paid and deposited items—combined—per month
• Free introductory check package that includes checks, deposit slips, and an endorsement stamp
• Preferred rates on CDs
• Express Tax™ online business tax payments with no activity or receipt fees
• No fee for stop payments
• No fee for incoming domestic wire transfers
• Includes all the checking services offered with every Bank of America business checking account

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Footnote¹Fees apply for additional services. Click on the Online Business Suite link for details.

Footnote²Easy Online Payroll^® monthly payroll service fees are waived during the first 3 months of enrollment. Additional fees for exceptions processing and other special services may apply during your free trial period. If there is no activity on your Easy Online Payroll account for the first 60 days after opening your account, we reserve the right to terminate your payroll service. After your 3 month free trial is over, monthly fees are automatically charged until you cancel the service. The monthly payroll service fee applies each month you are enrolled, whether or not you use the payroll service. The maximum number of active employees being paid cannot exceed 50. Billing occurs on the last banking day of the month. Additional fees for exceptions processing and other special services may apply. Pricing does not include applicable sales tax. There is a waiting period of up to 5 business days before you can use direct deposit for the first time. All direct deposits must be approved 2 banking days before each pay day, by 11pm ET. Easy Online Payroll service requires Internet access, and Internet service provider fees may apply. Not available in Washington or Idaho.
Monthly Fees: Easy Online Payroll offers two service levels, Plus and Basic. Easy Online Payroll Plus Service is $36 per month. Easy Online Payroll Basic Service is $20 per month. With the Basic Service you will receive a $20 discount in any month you pay all your employees by direct deposit to a Bank of America account. For both the Plus and Basic Services, if you pay more than 20 employees, but not all are paid by direct deposit to a Bank of America account, an additional monthly fee of $2 will be charged for each employee over 20.
Direct deposit to banks other than Bank of America is only offered in the Plus level of service. An additional monthly fee of $12 per state applies for state tax filing and payment support for each state in addition to your primary state in which you (i) have a work location, (ii) withhold taxes, or (iii) pay reportable wages (even if no tax is withheld). The monthly fee for additional states applies for each month in which you meet these criteria, whether or not you use the payroll service in that month. Multi-state tax filing is only available with the Plus level of service and will be available March 2009.

Footnote³Eligible accounts include Business Advantage, Business Economy Checking, Business Interest Checking, Business Interest Maximizer, Business Investment Account, and Business CDs

Footnote⁴ Terms and Conditions: Annual Percentage Yield (APY) is effective as of 11/23/2009. Please see all rates and tiers. Premium rates only apply to amounts $10,000 and greater in "new-to-the-bank" funds. Premium rates only apply if you open a Business Advantage account. This is a variable interest rate, which means that the rate my change after the account is opened. Fees could reduce earnings on the account.

Description	Fee (per statement cycle)
Monthly maintenance fee when one of the following is maintained: $15,000 average monthly balance $35,000 combined average monthly balance of linked accounts1 $100,000 or more in business term loan or lease	$0 (otherwise $29.95)
Each check paid or deposited item after the first 400	45¢
Cash deposited after the first $20,000	30¢ per $100

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Footnote¹Eligible accounts include Business Advantage, Business Economy Checking, Business Interest Checking, Business Interest Maximizer, Business Investment Account, and Business CDs

Business Advantage Checking Online Banking Services

Business Advantage Checking customers enjoy Bank of America’s Online Business Suite™ Account Management Service free of the monthly charge¹

• view all your business and personal accounts in one place, including non-Bank of America accounts
• QuickBooks® interoperability to save time managing your accounts
• make transfers between business entities
• employee access to delegate bookkeeping while maintaining total control

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Business Visa® Check Cards

Make cash withdrawals, deposits, transfers, and everyday business purchases more easily with a free business check card. Use it at ATMs worldwide and anywhere Visa® business check cards are accepted, and enjoy the benefits of:

• an optional Business Employee Check Card to let your employees make card purchases—you set spending and location limits—or Business Deposit Card to let your employees make deposits for you
• Total Security Protection® can help you defend against unauthorized card use if your card is lost or stolen. Funds will be replaced within 24 hours—if it's not your purchase, it's not your problem
• Detailed record keeping and easy expense tracking

Business Advantage Checking overdraft protection service

Avoid the cost and inconvenience of overdrawing your checking account by linking to a business savings or business credit card for overdraft protection service.

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Other account services

In addition to our standard benefits, Bank of America offers a wide range of banking services that grow with your business, including:

• discounted employee checking, a valuable benefit to your employees
• free online statements—with 18-months of history—you can view, print, and download
• free Check Safekeeping service to have us store copies of your cancelled checks for up to 7 years
• next-day funding on card payments when you have a Merchant Services account

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Footnote¹Monthly fee for base service of Online Business Suite is waived for Business Advantage customers. Fees apply for additional services.