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Checking & Savings

Overdraft Protection

Help avoid the inconvenience associated with returned checks with Bank of America's Overdraft Protection service.

How it works

When you sign up for Overdraft Protection, available funds are automatically transferred to your Small Business checking account from another Bank of America business account whenever an overdraft occurs. There is no cost to sign up for Overdraft Protection and we only charge you a fee when we transfer funds for you.Footnote 1

The following business accounts can be linked to your Small Business checking account and used for Overdraft Protection:

  • Business Interest Maximizer™
  • Business Investment Account
  • Another business checking account
  • Business credit card accounts

Overdraft Protection from a linked Bank of America business savings or secondary business checking account:

You can link your business checking account to a Bank of America business savings account or secondary Bank of America business checking account for Overdraft Protection. Then, we can transfer available funds from your linked account to cover overdrafts. The Overdraft Protection transfer fee is $12 per transfer. If you chose to link another checking or savings account for Overdraft Protection, please make sure the other account has enough available funds for potential overdraft situations.

Overdraft Protection from a linked business credit card:Footnote 2

The transfer to cover an overdraft linked to your business card is considered a cash advance. There’s a cash advance fee of either $10 or 3% of the transaction, whichever is greater, for transfers of $12 or more when we transfer funds to you.