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Checking & Savings

Business Advantage Checking

Business Advantage provides you with easy account access and premium benefits, including:

  • A second Business Advantage checking account with no additional monthly fee
  • A Business Interest Maximizer™ savings account with no additional monthly fee
  • Online Account Management Service gives you more control over your accounts plus the increased flexibility of seamless QuickBooks® integration at no costFootnote 1
  • Access to our Small Business Priority Service Team
  • Up to 500 transactions per month with unlimited electronic transactions (including ACH, debit card and Online Bill Pay debits) at no cost
  • Up to $25,000 in cash deposits per month at no cost
  • Customer bonus offer − 10,000 card bonus points or $100 cash back for new or existing business card customers who open their first new Business Advantage checking accountFootnote 8

Additional banking services, including:

  • Small Business Online Banking with account AlertsFootnote 6 and online Bill Pay
  • Debit card with Total Security Protection and chip technology for convenient and secure business purchasesFootnote 7
  • Additional debit cards for employees with spending limits you control

Pay no monthly fee for Business Advantage for the first 3 months.
Then pay no monthly fee when you meet one of the following requirements:

Otherwise, pay $29.95 a month.

Transaction limits and fees (counted across the two included Business Advantage checking accounts only):

  • Transactions –
    • No fees for first 3 months, then no fee for first 500 checks paid/deposited items/other debits and $0.45 per item afterwards
    • No fee for ACH, debit card or Online Bill Pay transactions
  • Cash deposited – no fees for first 3 months, then no fee for first $25,000 deposited and $0.30 per $100 afterwards

When you bank with us, we promise to be clear.

Link additional eligible business accounts to Business Advantage and use your combined balances to waive the monthly Business Advantage feeFootnote 2

Additional business checking accounts available for a monthly fee (includes additional transaction and cash thresholds, and fees)

Your business is unique and needs a checking solution that suits your business. Bank of America business checking solutions are designed to fit a variety of business needs and come with a variety of options, including account management, savings accounts, secondary checking accounts, and much more. Review and compare various business checking solutions from Bank of America today to find what meets your unique business needs.

Business Advantage

Business Fundamentals®

Open Now Business Advantage
Open Now Business Fundamentals®
Good for you if Your average monthly balance is greater than $15,000

You typically write and deposit fewer than 500 checks per month

You typically deposit less than $25,000 in cash per month
Your average monthly balance is less than $5,000

You typically write and deposit fewer than 200 checks per month

You typically deposit less than $10,000 in cash per month
Business savings account Business Interest Maximizer™
no additional monthly fee
Business Investment Account
no additional monthly fee
Second business checking account No additional monthly fee $12
Account ManagementFootnote 1 No monthly fee $15
Stop payments No fee $30 per item
Incoming domestic wires No fee $15
Incoming international wires No fee $16
Personal checking account No monthly fee for first 12 months n/a
Monthly fee No monthly fee for the first 3 months No monthly fee for the first 2 months
Minimum daily balance n/a $3,000
Average monthly balance $15,000 $5,000
Combined average monthly balance of linked accounts $35,000 Footnote 2 $15,000 Footnote 2
Spend $2,500 a month in new purchases on a business credit card Footnote 3 $250 a month in new purchases on a business debit or credit cardFootnote 3
Actively use one or more of the following business services -Bank of America Merchant Services
-Payroll Service by Intuit
-Remote Deposit OnlineFootnote 4
n/a
Or Pay $29.95/month $15/month
Online and Mobile BankingFootnote 5 XYes XYes
Automatic AlertsFootnote 6 XYes XYes
Business debit cards with Total Security Protection for you and your employeesFootnote 7 XYes XYes
Online Bill Pay and transfers XYes XYes
10,000 Reward points or $100 cash backFootnote 8 XYes XYes
Business Advantage
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Business Fundamentals®
Open Now Business Fundamentals®

Account Management

The Account Management service allows you to perform all your Online Banking tasks—including payments and transfers—directly in QuickBooks.®Footnote 1