Fees at a Glance

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.

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

• Deposits and payments may not be available at some ATMs.
• Transaction fees may apply to some accounts. 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.

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.

• Clients in the Preferred Rewards for Business Platinum tier using a Bank of America Debit or ATM card are not charged the non-Bank of America ATM fee for 1 withdrawal, 1 transfer and 1 balance inquiry per statement cycle from a non-Bank of America ATM in the U.S., and receive a refund of the ATM operator fee for 1 withdrawal, 1 transfer and 1 balance inquiry per statement cycle from a non-Bank of America ATM in the U.S.
• Clients in the Preferred Rewards for Business Platinum Honors tier using a Bank of America Debit or ATM card are not charged the non-Bank of America ATM fee for withdrawals, transfers and balance inquiries from non-Bank of America ATMs in the U.S., and receive a refund of the ATM operator fee for withdrawals, transfers and balance inquiries from non-Bank of America ATMs in the U.S.

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:

• When you use a non-Bank of America ATM, you may also be charged a fee by the ATM operator or any network used and you may be charged a fee for a balance inquiry even if you do not complete a funds transfer.
• Non-Bank of America ATM fees are in addition to other account fees that may apply to the transaction, such as the fee for an excess withdrawal from savings.

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:

• Barclays (United Kingdom)
• BNP Paribas (France)
• China Construction Bank (China)
• Deutsche Bank (Germany)
• Scotiabank (Canada and Mexico)
• Westpac (Australia and New Zealand)

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:

• Quarters - $1,000
• Dimes - $1,000
• Nickels - $200
• Pennies - $50

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:  $3 per statement cycle (Fee waived for Business Advantage Checking accounts)

• We provide you with images of the front and back of your canceled checks with your monthly statement.
• Each account statement includes images of checks (up to five per page) that posted to your account during the statement cycle.
• We do not return your cancelled checks.
• Our Online Banking service allows you to view and print copies of checks that posted to your account within the last 12 months. Or you can request check copies by visiting your nearest Bank of America banking center, or calling the customer service number on your statement.
• 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:  No fee

• We store copies of cancelled checks for seven years and do not return them with your statement.
• Our Online Banking service allows you to view and print copies of checks that posted to your account within the last 90 days.

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 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:  $14 each 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.

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: $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.

• Preferred Rewards for Business clients qualify for a waiver of this fee for transfers from a linked Bank of America business savings or secondary business checking account.

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:  $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.

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.