Please tell us where you bank so we can give you accurate rate and fee information for your location.
Please tell us where you bank so we can give you accurate rate and fee information for your location.
For Metro New York, please refer to the Business Schedule of Fees for Metro New York for more information
For Upstate New York, please refer to the Business Schedule of Fees for Upstate New York for more information
Please refer to the Business Schedule of Fees for more information
Effective:
Fee Type: Monthly fee
Fee:
Pay no monthly maintenance fee for Business Fundamentals® Checking when you meet one of the following requirements each statement cycle:
Pay no monthly maintenance fee for Business Fundamentals when you meet one of the following requirements each statement cycle:
Fee Type: Monthly fee
Fee:
Pay no monthly maintenance fee for Business Advantage Checking when you meet one of the following requirements each statement cycle:
Pay no monthly maintenance fee for Business Advantage when you meet one of the following requirements each statement cycle:
Fee Type: Monthly maintenance fee
Fee:
To prevent this fee, maintain at least one of the following balances:
For pricing and fee details, please call the number on the front of your deposit statement.
A cost-effective analyzed account for businesses with high checking balances to offset some or all monthly fees and greater banking-service needs. Full Analysis Business Checking is designed for larger businesses that:
Any fees are deducted from interest.
Fee Type: Monthly maintenance fee
Fee:
To prevent this fee, meet one of the following requirements during each savings statement cycle:
Fee Type: Monthly maintenance fee
Fee:
To prevent this fee, meet one of the following requirements during each savings statement cycle:
A penalty is imposed for early withdrawal.
A minimum deposit is needed to open an account.
A penalty is imposed for early withdrawal.
A minimum deposit is needed to open an account.
For CDs with terms longer than 31 days, we will send you a maturity notice prior to renewal. Please read it carefully. If we change the type, term or any other features of your CD, you will be advised of these changes in the maturity notice.
Fee Type | Fee |
---|---|
Transactions including: Checks paid/Other debits/Deposited items | No fee for first 200 transactions per statement cycle; $0.45 per item thereafter |
Cash Deposit Processing | No fee for first $7,500 in cash deposited per statement cycle; then $0.30 per $100 deposited thereafter |
Fee Type | Fee |
---|---|
Transactions including: Checks paid/Other debits/Deposited items | No fee for first 500 transactions per statement cycle; $0.45 per item thereafter |
Cash Deposit Processing | No fee for first $20,000 in cash deposited per statement cycle; then $0.30 per $100 deposited thereafter |
You may link this account to your business checking account for overdraft protection on the checking account. After doing so, the business checking account will be protected from overdraft fees if sufficient funds are in the linked savings.
Point-of-sale transactions include use of your debit card to pay for goods and services.
Fee Type | Fee |
---|---|
Transactions including: Checks paid/Other debits/Deposited items | No fee for first 150 transactions per statement cycle; $0.45 per item thereafterNo fee for first 200 transactions per statement cycle; $0.50 per item thereafter |
Cash Deposit Processing | No fee for first $7,500 in cash deposited per statement cycle; then $0.30 per $100 deposited thereafter |
For pricing and fee details, please call the number on the front of your deposit statement.
Any fees are deducted from interest.
You may link this account to your business checking account for overdraft protection on the checking account. After doing so, the business checking account will be protected from overdraft fees if sufficient funds are in the linked savings.
Point-of-sale transactions include use of your debit card to pay for goods and services.
Fee Type | Fee |
---|---|
Cash Deposit Processing | No fee for first $5,000 in cash deposited per statement cycle; then $0.30 per $100 deposited thereafter |
Deposited Items | No fee for first 25 transactions per statement cycle; $0.45 per item thereafterNo fee for first 25 transactions monthly; $0.45 per item thereafter |
Transaction Limit | The Deposit Agreement and Disclosures limits the number of certain types of withdrawals and transfers from a savings account to a total of six (6) each monthly statement cycle, including Online and Mobile Banking transfers or payments. If you exceed these limits on more than an occasional basis, we may revoke your privileges on that account or we may convert your savings account to a checking account that may no longer earn interest. See the Deposit Agreement and Disclosures for details. |
Effective November 7, 2020, all Business Advantage Savings accounts will be permanently set to the Decline All Overdraft Setting. This means that when we determine that you do not have sufficient available funds in your account to cover an item, we will decline or return it unpaid. If this happens, we won’t charge you an Overdraft Item or NSF: Returned Item fee, however third parties may charge you fees for any declined or returned transactions. Please note that your account balance may still become negative.
You may link this account to your business checking account for overdraft protection on the checking account. After doing so, the business checking account will be protected from overdraft fees if sufficient funds are in the linked savings.
You may write checks on this account up to a total of 3 checks and point-of-sale transactions each statement cycle.
Fee Type | Fee |
---|---|
Cash Deposit Processing | No fee for first $5,000 in cash deposited per statement cycle; then $0.30 per $100 deposited thereafter |
Deposited Items | No fee for first 25 transactions per statement cycle; $0.45 per item thereafterNo fee for first 25 transactions monthly; $0.45 per item thereafter |
Transaction Limit | The Deposit Agreement and Disclosures limits the number of certain types of withdrawals and transfers from a savings account to a total of six (6) each monthly statement cycle, including Online and Mobile Banking transfers or payments. If you exceed these limits on more than an occasional basis, we may revoke your privileges on that account or we may convert your savings account to a checking account that may no longer earn interest. See the Deposit Agreement and Disclosures for details. |
Effective November 7, 2020, all Business Investment Accounts will be permanently set to the Decline All Overdraft Setting. This means that when we determine that you do not have sufficient available funds in your account to cover an item, we will decline or return it unpaid. If this happens, we won’t charge you an Overdraft Item or NSF: Returned Item fee, however third parties may charge you fees for any declined or returned transactions. Please note that your account balance may still become negative.
Effective November 7, 2020, all Business Advantage Savings accounts will be permanently set to the Decline All Overdraft Setting. This means that when we determine that you do not have sufficient available funds in your account to cover an item, we will decline or return it unpaid. If this happens, we won’t charge you an Overdraft Item or NSF: Returned Item fee, however third parties may charge you fees for any declined or returned transactions. Please note that your account balance may still become negative.
Please note: Separate fees apply to analyzed accounts.
Fee Type: Bank of America ATM (an ATM that prominently displays the Bank of America name and logo)
Fee: No fee
Fee for withdrawals, deposits, transfers, payments and balance inquiries at a Bank of America ATM
Fee Type: Non-Bank of America ATM (an ATM that does not prominently display the Bank of America name and logo)
Fee: $2.50 per transaction
Fee for withdrawals, transfers and balance inquiries at a non-Bank of America ATM located in the United States.
Fee Type: Fee for withdrawals, transfers and balance inquiries at a non-Bank of America ATM located in a foreign country.
Fee: $5 per transaction
Please note:
See the disclosure information that accompanied your card for other fees that may apply. To obtain a copy of that information, call the number on your statement or visit your nearest banking center.
The non-Bank of America ATM fees do not apply at some ATMs located outside the United States. You will not pay a transaction fee when you use ATMs of our Global Alliance partner banks in the following countries:
Note: Participation in this program is subject to change, please review participating Financial Institutions prior to travelling internationally and using International Partner ATMs.
Fee Type: Bulk Coin
Fee: No fee
Fee for withdrawals, deposits, transfers, payments and balance inquiries at a Bank of America ATM
Full Fed bag (bags containing loose coin in standard amounts ready for shipment to the Federal Reserve)
Standard coin amounts:
Fee Type: Mixed denomination bag (loose coin/partial bags)
Fee: No fee
Please note: A payee presenting a check that you issued may be assessed a fee if the payee is not a Bank of America customer.
Business Checking account holders can agree to assume the responsibility for this fee on behalf of their payee(s) — an analyzed account is required to do so. Please visit your banking center or call the number on the front of your deposit statement to learn more about alternatives.
Fee Type | Fee |
---|---|
Bank of America customer | No fee |
Non-relationship customer
| $8 per check |
Fee: $3 per statement cycle (Fee waived for Business Advantage Checking accounts)
Fee: $3 per statement cycle (Fee waived for Business Advantage accounts)
Fee: No fee
Fee Type | Fee |
---|---|
Check copies:
| $3 |
Deposit slips and other credit items | $3 |
Fee Type: Replacement ATM or Debit Card Fee
Fee: $5 per card
Fee for each requested replacement of an ATM card or debit card, including the replacement of a debit sticker (tag) or other debit access device. The replacement fee does not apply when we replace a card upon its expiration.
Bank of America Advantage® accounts qualify for a waiver of this fee.
All accounts included in the Business Advantage Checking solution and clients enrolled in the Preferred Rewards for Business program qualify for a waiver of this fee.
Fee Type: Rush Replacement ATM or Debit Card Fee
Fee: $15
Fee: $15 per card
Fee for each requested rush delivery of an ATM card or debit card, including the requested rush delivery of a debit sticker (tag) or other debit access device. A replacement ATM card or debit card fee may also apply and would be in addition to the rush delivery fee.
Bank of America Advantage® accounts qualify for a waiver of this fee.
All accounts included in the Business Advantage Checking solution and clients enrolled in the Preferred Rewards for Business program qualify for a waiver of this fee.
Fee Type | Fee |
---|---|
Quick Business Deposit® (QBD®) bag processing, with sealable plastic bag to hold checks and cash for deposit | No fee |
Canvas Bag Processing (lockable canvas bag to holds checks and cash for deposit) | No fee |
Plastic Deposit Bags Purchase (plastic bags used for QBD service and deposit processing) | At cost |
Fee: $14 each item
Fee Type | Fee |
---|---|
Domestic deposited item returned | $12 per item |
Foreign deposited item returned | $15 per item |
Fee: $5.00 per withdrawal OR 3% of the dollar amount of the transaction, whichever is greater
Fee applies when you use a teller at another bank to withdraw cash using your debit card.
Fee Type: Overdraft Items
Fee: $35 per item
We charge an Overdraft Item Fee when you make a transaction for an amount that is more than the available balance in your checking account. Transactions include writing a check, using a debit card, withdrawing cash from an ATM and any other transfer from your account(s).
While Bank of America is not required by law to pay Overdraft Items, we may do so from time to time.
Important Information
The standard Overdraft Item Fee is $35. The standard NSF: Returned Item Fee of $35 applies if we return the item unpaid.
Please note: You may be charged for a combination of no more than 4 overdraft and returned items per day.
Please note: You may be charged for a combination of no more than 4 overdraft and returned items per day.
Fee Type: Insufficient Funds: Returned Items
Fee: $35 per item
We charge an NSF: Returned Items Fee when you make a transaction for an amount that is more than the balance in your checking account and we decline or return the item unpaid (a returned item).
Overdraft Protection links your Bank of America business checking account to another Bank of America business account- such as business savings, a second business checking, or a business credit card – and automatically transfers funds to cover purchases and prevent returned checks when you don’t have enough money in your checking account.
For Transfers from Business Savings or Business Checking
Fee Type: For Transfers from Business Savings or Business Checking
Fee: $12 per transfer
Fee: $12 per transfer
Available funds from your savings or second checking account are automatically transferred to your checking account if you should overdraw your account.
For Transfers from a Business Credit Card
Fee Type: For Transfers from a Business Credit Card
Please see your Business Card Agreement or call the number on your statement for information about Overdraft Protection fees
Available funds from your Bank of America business credit card are automatically transferred to your checking account if you should overdraw your account
Fee: $35
The Extended Overdrawn Balance Charge applies when we determine that your account has been overdrawn for five or more consecutive business days. For each time that your account is overdrawn five or more consecutive business days, we charge one Extended Overdrawn Balance Charge.
You can prevent this fee by depositing enough available funds in your account to cover your overdraft plus any fees we assessed within the first five consecutive business days.
Please note: The Extended Overdrawn Balance Charge fee is in addition to applicable Overdraft Item Fees and NSF: Returned Item Fees.
Fee: $5 per copy
You can often avoid this fee by viewing and printing your available statements in Online Banking instead of ordering the copy from us.
To determine what statements are available, sign into Online Banking and select the Statements and Documents tab.
Fee: $30 per request or renewal
All accounts included in the Business Advantage Checking solution and clients enrolled in the Preferred Rewards for Business program qualify for a waiver of this fee.
Fee: $5.00 per withdrawal OR 3% of the dollar amount of the transaction, whichever is greater
(This fee is effective beginning November 8, 2013.)
Fee: Fee varies
Incoming or Outgoing wire transfers and drafts (U.S. or International)
Incoming Domestic and Incoming International Wire Transfer fees are waived for the primary and included accounts in the Business Advantage Checking solution.
Incoming Domestic and Incoming International Wire Transfer fees are waived for the primary and included accounts in the Business Advantage solution.
Preferred Rewards for Business clients qualify for a waiver of our standard wire fee for incoming domestic wire transfers. The standard wire fee for incoming international wire transfers is only waived for Preferred Rewards for Business clients in the Platinum and Platinum Honors tiers.
Only Preferred Rewards for Business clients in the Platinum Honors tier qualify for a waiver of our standard wire fee for outbound domestic and international wires sent through the online channel (includes wires sent through Online Banking and Direct Payments). Wires sent via CashPro are not eligible for the fee waiver. Wires may be sent in either U.S. dollars or in foreign currency. The online wire fee waiver is limited to the first 4 wires sent per statement cycle, regardless of destination or currency type.
If you opened an account in Metro New York, for a printed version of the complete list of account fees, see the Business Schedule of Fees for Metro New York, also available at your banking center.
If you opened an account in Upstate New York, for a printed version of the complete list of account fees, see the Business Schedule of Fees for Upstate New York, also available at your banking center.
For a printed version of the complete list of account fees, see the Business Schedule of Fees, also available at your banking center.
Please tell us where you bank so we can give you accurate rate and fee information for your location.