SSN/Business Tax ID
The name and address of the business
The state in which the business operates
The state the business was formed in
Date the business was established
The SSN, address, and DOB of the business owner

When your application is complete you'll receive a confirmation email within a couple of hours
Your account status (whether approved or declined) will then be emailed to you within 24 hours
After your account is approved you must send a signature card through traditional mail or take it to a local banking center
You can then fund an account by providing a debit card during the application, transferring it from another account, or by writing a check at a banking center
Once your account is open, you can use online banking immediately, and will receive your checks and debit cards within 7 to 10 business days

Give your business a checking account that fits your need. Online sign up is quick and easy

It's easy to set up your new business checking account online. Simply decide whether you're looking for an account that gives your business the banking essentials it needs to succeed or a more advanced account with additional services. Then click Get Started and our online form will quickly guide you through the process.

Find out the information you'll need to apply

Learn what to expect after applying

Business Advantage Checking is designed
for established businesses that need cash management and payment solutions:

All the benefits of Business Economy Checking
Choose up to 2 additional accounts¹ to segregate funds for petty cash, payroll or other expenses
Integration with financial management software
Access to banking services such as incoming domestic wire transfers, check image service, and stop payments at no charge

If you need help you can always text chat with a specialist within the application.

Business Economy Checking is perfect for
start-ups or businesses with fewer employees:

Award-winning online banking and Bill Pay
Convenient online account management
Access to your money with a wide network of banking centers and ATMs

If you need help you can always text chat with a specialist within the application.

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¹ Choose up to 2 additional accounts with no monthly maintenance fees: a Business Economy Checking account and a Select Business Interest Maximizer or a Business Interest Maximizer® savings account for your personal use.

Business documentation such as filing documents, organizing documents, articles of incorporation and/or certificate of resolution
SSN/Business Tax ID
Name and address of the business
The state in which the business operates
The state in which the business was formed
Date the business was established
The SSN, address and DOB of the business owner

When your application is complete, you will receive a confirmation email within a couple of hours.
You will need to send in the business documentation used in your application for your business type.
After your account is approved, you must send a signature card through traditional mail or take the card to a local Banking Center.
You can fund your account while applying, by using your debit card, transferring money from another account or writing a check at a Banking Center.
Once your account is open, you can use Online Banking immediately, and you will receive your checks and debit cards in 7 to 10 business days.

Pay no monthly fee for the first three months and $29.95/month thereafter; or pay no monthly fee when you meet one of the following requirements:

Maintain a $15,000 average monthly balance
Maintain a $35,000 combined average monthly balance in linked business accounts⁴

You are an active user of one of the following⁵:

Bank of America Merchant Services, Payroll Services by Intuit^®, or Remote Deposit Online Service
A Bank of America business credit or debit card — spending $2,500 each month in new purchases

Pay no monthly fee for the first two months and $15/month thereafter; or pay no monthly fee when you meet one of the following requirements:

A $3,000 minimum daily balance
A $5,000 average monthly balance
A $15,000 combined average monthly balance in linked business accounts⁶

Make $250 each month in new purchases on your Bank of America business credit or debit card³

Choose the right checking solution for your business.

Every business is different. That's why Bank of America offers tailored packages that fit your unique needs. For larger, more established businesses, Business Advantage is an ideal fit. Business Fundamentals™ is a better option for a smaller business with more basic needs. With both packages you can access your account anytime, anywhere, from a computer, tablet or smartphone with online and Mobile Banking¹. Choose the one that works for you.

The information you'll need to apply

What to expect after applying

If you have an established business with larger balances and want services to fit your unique business needs, Business Advantage is the smart choice for your business.

With Business Advantage you will get:

Priority Customer Service with access to a team of dedicated business specialists
Online Account Management Service to control multiple business accounts with a single sign-on²
A second Business Advantage checking account and a Business Interest Maximizer™ Savings account included with no additional monthly fees
No monthly fee for the first three months. See details on how to avoid the monthly fee

If you are a smaller business that requires basic banking needs with convenient access, this checking solution offers all that and more with access to our award-winning Online Banking with Bill Pay and user-friendly account management.

With Business Fundamentals you will get:

No monthly fee when you make new purchases of at least $250 on your Bank of America business debit or credit card³
A business employee debit card with detailed record keeping and expense tracking to allow your employees to make purchases for you.
No monthly fee for the first two months. See details on how to avoid the monthly fee

¹ You must first enroll in Online Banking, and set up Transfers and Bill Pay. Wireless carrier fees may apply.

² The monthly fee for Account Management is $15; however, it's waived with Business Advantage Checking. Online Business Suite (OLBS) requires Internet access, and Internet service provider fees may apply.

³ Use a linked Bank of America business debit card or business credit card to make at least $250 in net new purchases each statement/billing cycle. In addition to the primary business debit or credit card, the linked employee cards also count toward the monthly spend threshold. The fee will be refunded for each statement cycle in the following month if the $250 spend threshold has been met. For example, if your qualifying point-of-sale debit card purchase(s) post(s) during your April checking account cycle, your April monthly maintenance fee credit will appear on your May statement. Credit card spend is evaluated at the end of your Business Fundamental account statement cycle, and the assessment of whether you met the spend threshold is based on the immediately preceding completed billing cycle of the credit card account. Since your checking and credit card account cycles may not coincide, it could take up to 65 days between the time qualifying purchases on the credit card are made and the posting of the fee refund. For example, if your credit card account cycles early in the month and your checking account cycles late in the month, qualifying credit card purchases made in early March would be counted towards your end-of-the-month April checking monthly maintenance fee which would then be refunded approximately 5-7 days later on your May checking account statement. Purchases must be made on only one of either the debit or credit card accounts; purchases on any combination of cards cannot be combined to reach the monthly spend threshold. The following transactions do not qualify: a) ATM transactions; b) refunds, returns or other adjustments; c) cash advances or purchases of cash-like items, such as money orders, traveler's cheques, foreign currency, cashier's checks, gaming chips, and other similar instruments and things of value; d) account funding transactions, including transfers to open or fund deposits, escrow or brokerage accounts and purchase of stored value cards.

⁴ For Business Advantage solution, you may link additional Business Advantage checking accounts, Business Economy Checking, Business Interest Checking, Business Interest Maximizer™ Savings, Select Business Interest Maximizer™ Savings, Platinum Business Interest Maximizer™ Savings, Business Investment Account and Business CDs.

⁵ Use a linked Bank of America business credit card or business charge card to make at least $2,500 in net new purchases each credit or charge card billing cycle. In addition to the primary credit or charge card, linked employee credit cards also count toward the monthly spend threshold. Credit or charge card spend is evaluated at the end of your Business Advantage checking account statement cycle, and the assessment of whether you met the spend threshold is based on the immediately preceding completed billing cycle or the credit/charge card account. For example, if your credit/charge card account cycles early in the month and your checking account cycles late in the month, qualifying credit or charge card purchases made in early March would be counted towards waiving your April checking monthly fee. Purchases must be made on only one of either the credit or the charge card accounts; purchases on combination of both cards cannot be combined to reach the monthly spend threshold. The following transactions do not qualify: a) ATM transactions; b) refunds, returns or other adjustments; c) cash advances or purchases of cash-like items, such as money orders, traveler's cheques, foreign currency, cashier's checks, gaming chips, and other similar instruments and things of value; d) account funding transactions, including Transfers to open or fund deposits, escrow or brokerage accounts and purchase of stored value cards.

An active Bank of America Merchant Services account is defined as an open account in good standing that submits a batch for any amount of any card type as of the last billing cycle, excluding accounts that only use the Mobile Pay on Demand product. An active user of Payroll services is defined as processing at least one payroll transaction through the service in the last 60 days and have an open billing account as of the last day. An active user of Remote Deposit Online is defined as maintaining the service for 30 days and making at least one deposit using the service to a Business Advantage checking account as of the last billing cycle. The Mobile Check Deposit product is excluded.

⁶ Eligible business accounts include Business Fundamentals, Business Economy Checking, Business Interest Checking, Business Interest Maximizer™ Savings, Platinum Business Interest Maximizer™ Savings, Business Investment Account Savings, and Business CD accounts. Intuit is a registered trademark of Intuit Inc., used under license.

A64322 | ICIS # 13911 | August 2012