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Business Advantage

Small Business Online Banking

  • Hide When will my funds become available?

    Transfers between Bank of America accounts that you submit on bank business days before the daily cutoff time will be credited to your account on the same business day. Transfers submitted after the cutoff time or on a non-business day will be credited on the next bank business day. The crediting of funds depends on the type of account you are transferring to and the state in which the account was opened.

  • Show Can I set up recurring or future-dated transfers?

    You can schedule future-dated transfers between your Bank of America accounts up to a year in advance. Recurring transfers can be made at regular intervals such as once a week, once a month, every 3 months and more. There are some limitations to the types of accounts available for recurring or future-dated transfers. See the Online Banking Service Agreement or the Small Business Online Banking help section for specifics.

  • Show Can I transfer funds using my Bank of America personal and business credit card?

    Yes. You can make immediate transfers from your personal and business credit card to your linked checking or savings account. Transfers from your credit card will be treated as cash advances and additional fees may apply. Please see your card service agreement for more details.

    If you would like to pay your Bank of America personal credit card bill, you can use the Transfer Funds function to make either immediate, future-dated or recurring transfers. All you need to do is select your credit card account as the "To" account and follow the instructions.

    Business Card accounts can also be paid using Bill Pay functionality.

  • Show Can I transfer funds to my mortgage, loan or line of credit?

    Yes. You can make immediate, future-dated or recurring payments using Transfer Funds. You also have several different payment options with this service including regular payment, principal only and escrow only (mortgage only).

  • Show Can I transfer funds from my personal accounts to my business accounts using Small Business Online Banking?

    Yes. If you have your personal and business accounts linked to your Online ID, you can transfer funds between your personal accounts and your Business Economy Checking account.

  • Show Are there any business accounts that I cannot use when I am making transfers?

    You can transfer funds among all your business accounts except your business Certificate of Deposit (CD).

  • Show What is SafePass®?

    SafePass is an optional extra layer of protection for Small Business Online Banking. SafePass provides you with a 6-digit, one-time-use code sent as a text message to your registered mobile device. Your mobile carrier may charge you for text messaging. Please check your mobile service agreement for details on applicable fees.

    After you have enabled SafePass, you will be prompted to enter the SafePass code you receive when:

    • Adding new transfer and Bill Pay accounts and payees
    • Making large transfers
    • Signing in to Small Business Online Banking (optional)

    If you choose to use SafePass, some online activities will be automatically protected while some can be optionally protected. Most actions will only require that you use SafePass just a few times per month.

    SafePass is considered part of 2-factor authentication, which uses something you know (for example, your Passcode) and something you have (SafePass code via mobile device) to verify your identity.

    Get additional information about SafePass