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Checking & Savings

Business Fundamentals® Checking

Business Fundamentals® provides the essentials for all your business checking needs, plus these features:

  • A Business Investment Account (a business savings account with limited check writing) with no additional monthly fee
  • Small Business Online Banking with account AlertsFootnote 5 and online Bill Pay
  • MobileFootnote 6 and Text BankingFootnote 7 enable you to do your business banking anytime, anywhere
  • Debit card with Total Security Protection and chip technology for convenient and secure business purchasesFootnote 8
  • Up to 200 transactions (items deposited, checks paid and other debits) per month
  • Up to $10,000 in cash deposits per month at no cost
  • Additional debit cards for employees with spending limits you control
  • 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 Fundamentals® checking accountFootnote 9

Pay no monthly fee for Business Fundamentals for the first 2 months.
Then pay no monthly fee when you meet one of the following requirements:

  • $3,000 minimum daily balance -or-
  • $5,000 average monthly balance -or-
  • $15,000 combined average monthly balance of linked business accountsFootnote 4 -or-
  • Spend $250 a month in new purchases using a linked Bank of America business debit or credit cardFootnote 2

Otherwise, pay $15 a month.

Transaction limits and fees (applies to the included checking account only)

  • Transactions –
    • No excess transaction fee for the first 200 transactions (items deposited, checks paid and other debits);  $0.45 per transaction after 200
  • Cash deposited – No fee for first $10,000 deposited, then $0.20 per $100 up to $25,000 and $0.30 cents per $100 over $25,000

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

Link additional eligible business accounts to Business Fundamentals® and use your combined balances to waive the monthly Business Fundamentals fee.Footnote 4

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

No monthly fee first 3 months, then $29.95/month

How to avoid this fee

Open Now Business Advantage

Business Fundamentals®

No monthly fee first 2 months, then $15/month

How to avoid this fee

Open Now Business Fundamentals®
Good for you if Your average monthly balance is less 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 greater 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
Spend $2,500 a month in new purchases on a business credit cardFootnote 2 $250 a month in new purchases on a business debit or credit cardFootnote 2
Actively use one or more of the following business services -Bank of America Merchant Services
-Payroll Service by Intuit
-Remote Deposit OnlineFootnote 3
n/a
Average monthly balance $15,000 $5,000
Combined average monthly balance of linked accounts $35,000Footnote 4 $15,000Footnote 4
Minimum daily balance n/a $3,000
Business Advantage
Open Now Business Advantage
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