Business Advantage
Business Advantage Checking
Business Advantage Checking
Premium checking for your growing business
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NOTE: Important changes to this product will begin January 30th 2021. Please refer to the Business Schedule of Fees for more information.
Get all the features your active business needs
Mobile banking
Manage your business on the go with the Bank of America mobile app. Deposit checks, request transfers, pay bills and monitor pending transactions.
Account Management
Customize account access by user and import transactions into QuickBooks® with Account Management, included with Business Advantage Checking ($15/month value).
Powerful digital tools
View balances by category, get cash flow projections, and monitor key transactions at a glance with Cash Flow Monitor.
Business debit cards
Goodbye, petty cash – expense tracking is a breeze with business and employee debit cards. Set card-specific spending limits and view online statements 24/7.
No-fee business services
With Business Advantage Checking, there's no fee for stop payments, incoming wire transfers and check image service.
A second checking account
Use a second account (included with Business Advantage Checking) to set aside taxes, separate funds by location or cap discretionary spending.
- $XXXX or $0 per month
- Do one of the following each statement cycle:
- Spend $XXXX in net new purchases on a business credit card
- Maintain a combined average monthly balance in your linked Bank of America accounts of at least $XXXX
- Maintain an average monthly balance of $XXXX or more
- Actively use one or both of these business services:
- Qualify and enroll in the Preferred Rewards for Business program (waiver applies on up to 4 eligible business checking accounts.)
Monthly Fee
How to avoid the monthly fee
NOTE: Important changes to this product will begin January 30th, 2021
Read our Clarity Statement to understand the fees (and how to avoid them), features and policies of your account. A complete list of account fees can be found in the Business Schedule of Fees (also available at a financial center).
Fees
| Monthly Fee | How to avoid the monthly fee |
|---|---|
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NOTE: Important changes to this product will begin January 30th, 2021
Read our Clarity Statement to understand the fees (and how to avoid them), features and policies of your account. A complete list of account fees can be found in the Business Schedule of Fees (also available at a financial center).
Preferred Rewards for Business
Learn how to qualify for interest rate discounts, credit card rewards bonuses and more.
Cash management, simplified
Free up more time to focus on your business with cash management tools like payroll, invoicing and unlimited remote deposits.
