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Before You Apply

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You're applying for a Business Advantage Fundamentals Banking account

$XXXX or $0 per month

We waive the monthly fee if you do one of the following each statement cycle:

  • Maintain a $5,000 combined average monthly balance
  • Use your Bank of America business debit card to make at least $250 in new net qualified purchases
  • Become a member of Preferred Rewards for Business

Get the most out of your Business Advantage Banking experience. You can add these additional products:

Separate your business card expenses from your personal card expenses

No annual fee
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What is needed to apply

  • Personal information (i.e. SSN and DOB) for everyone on the application, including those with at least 25% ownership
  • Business formation date (month/year)
  • Country and state of legal formation and primary business operation (U.S. only)
  • Legal business name and DBA ("doing business as") name, if applicable
  • Business Tax ID (TIN) or Employer Identification Number (EIN) provided by the IRS - sole proprietorships may use SSN
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What you can expect when applying

  • Application steps: Tell us about yourself > Tell us about your business > Funding & Preferences > Disclosures & Submit
  • You can sign in for a faster, prefilled application if you already enrolled in Online Banking
  • You can save part of your application and return later, if you are not ready to submit
  • You can access chat and/or phone sales specialists real-time to help you with applying (when available)
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Get a decision

  • Application decisions are often immediate
  • We'll let you know if anything else is needed - proof of address and state filing documents are most common
  • You will also receive an email communication on your application status
Information for:

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Enter your zip code

Please enter the zip code for your business address so we can give you accurate rate and fee information for your location.

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Mon-Fri 8 a.m. – 10 p.m. ET