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Business Deposit FAQs

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Business checking

What do I need to open a new business checking account?
Where can I open a Bank of America business checking account in the U.S.?
How can I open a U.S. checking account if my business is located outside the U.S.?

Savings

How can I open a Bank of America business savings account?

You have the choice of opening a business savings account at any of our banking centers, by phone or online.

What do I need to open a new business savings account?

CDs

Do you automatically renew CDs at the time of maturity?

Yes. Bank of America will automatically renew the account by reinvesting funds on the maturity date, which is the first day after the term ends. We reinvest both principal and interest. You can elect to receive the interest earned on the account, a portion of the account or the entire amount of the account. The term for the automatically reinvested deposit is the same length as the previous term of the account.