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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.

Connect with us

866.283.4075

Mon-Fri 8 a.m. – 10 p.m. ET

Mon-Fri 8 a.m. – 10 p.m. ET