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Checking & Savings

Frequently Asked Questions

  • Hide What is Business Platinum Privileges™?

    The Business Platinum Privileges program rewards our high balance business customers with a higher level of service and extra benefits.

    Balance Requirement: You must have at least $50,000 in combined Bank of America eligible business deposit balances (checking, savings and/or CDs).

    Account Requirement: You must have a Bank of America Business Advantage, Business Fundamentals®, Business Interest Checking or Business Economy Checking account.

  • Show Do I have to enroll in the Business Platinum Privileges program to become a member?

    No, you will automatically be enrolled and receive benefits once you qualify.

  • Show What number do I call to request additional benefits?

    Call us at 1.888.BUSINESS (1.888.286.7637) or visit your nearby banking center to take advantage of additional benefits.

    For priority service, please have your Access ID/Pin or your Bank of America account number on hand to authenticate your account.

  • Show What happens if my balance drops or I close my checking account?

    You must meet the qualification requirements in order to receive the benefits of the program. Your accounts will be reviewed at the end of each calendar quarter.

    If you no longer meet the qualifications at the time of review, you'll have a 3-month grace period to requalify for Business Platinum Privileges without any interruption to your benefits.

    If you do not meet the requirements after the grace period, you will no longer have access to the Business Platinum Privileges program and benefits.

  • Show How do I apply for a business credit card?

    You can apply for a business credit or charge card online or by calling 1.888.BUSINESS.

  • Show Do I receive any benefits with Merrill Edge®?

    Yes. As a Business Platinum Privileges member, you’ll have access to a range of Merrill Edge investment products and services designed to help you meet the retirement,investing and cash management needs of your small business. In addition, you can receive up to $600 when you open a Business Investment Account.4Go to footnote 4

  • Show How can I open up a Merrill Edge investment account?

    Simply call 1.866.548.7359 to speak with a Merrill Edge Financial Solutions Advisor™ for Small Business.