As your business grows, so do your banking needs. Here are a few of our banking solutions designed to help your business succeed.
Direct Benefits®
Offer your employees discounted banking products and services…
Find It Quick:
> Call toll-free: 1.800.782.2265
…when they sign up for direct deposit to a Bank of America checking account, at no additional cost to you.
- Extend your employee benefits and increase employee satisfaction with free MyAccess Checking® and additional banking benefits and discounts
- Save time and money—no checks to cut, reduce postage fees and eliminate lost checks
- Easy Online Payroll is free when your employees are paid by direct deposit to a Bank of America checking account
To enroll in Direct Benefits visit your local Banking Center or call 1.800.782.2265.
WorldPoints® Rewards for Business
Earn rewards for every day purchases, including double points at gas stations, restaurants and office supply stores.
Earn 1 point for every $1 in net retail purchases. You must apply in a Banking Center in order to receive the double points.
- 0% intro APR on purchases and balance transfers
- No annual fee
Redeem your WorldPoints® rewards for gift certificates, merchandise, cash, travel with no blackout dates, car rentals and hotel rewards.
Visit any Banking Center location to apply in person.(1)
Expand Your Business
Bank of America has many effective ways to manage your cash flow.
Find It Quick:
> Call toll-free: 1.888.BUSINESS (888.287.4637)
> Business Financing Options
Platinum Visa® Business Credit Card
The Platinum Visa® Business Credit Card lets you separate and control business expenses while also enjoying a competitive annual percentage rate (APR).
- No annual fee
- 0% fixed introductory annual percentage rate (APR) on purchases and balance transfers
- After your fixed introductory rate expires, you will receive a variable APR on purchases and balance transfers. Please note that you will lose your introductory rate if you close your account or are late with a payment.
- Online Banking with ability to download card transactions easily into QuickBooks
Visit any Banking Center to apply in person.
VISA® BUSINESS CHECK CARD
If it’s not your purchase, it’s not your problem™
Make convenient and secure business purchases while having easy access to detailed records and expense tracking. Receive special discounts from leading retailers when you use your Bank of America Business Check Card.(2)
Business Savings Options
- Select Business Interest Maximizer™—Premium, variable rate interest-bearing savings accounts for Business Advantage customers
- Business Interest Maximizer™—Earn a higher interest rate on cash reserves and set funds aside for taxes, special projects or unplanned expenses
- Business Investment Account—Earn interest while maintaining flexibility to write up to three checks per statement period or unplanned expenses
- Certificate of Deposits—Specific term investment with our highest interest rate
Learn More about savings accounts.
PREMIUM CREDIT LINES
Grow your business with access to funds when you need them.(3)
Business Loans
Expand your business, buy equipment or consolidate commercial real estate.(3)
Did you know?
The new Business Fundamentals package: Open a Small Business Economy checking account, make a purchase with your free check card every month, and skip the monthly maintenance fee(7).
Learn more >>
Merchant Card Processing
Give your customers more choices by accepting credit cards, debit cards, electronic checks, gift cards…
Find It Quick:
> Call toll-free: 1.800.228.5882
> Get started now
…and other business-building payment options.
- Get paid faster with funds available as soon as the next business day(4)
- Reduce expenses with the new Bank of America terminal available for zero-cost after rebate, exclusively for our customers(5)
- Meet or beat guarantee: You can earn $250 if we can’t meet or beat your current merchant providers processing fees(6)
(1)Normal credit standards apply. Credit subject to approval. Credit cards issued and administered by FIA Card Services, N.A.
(2)Claims may be filed against posted and settled transactions subject to dollar limits and verification, and must be reported within 60 days of the statement. Not available on check cards in Washington or Idaho.
(3)Available for business established two years or more.
(4)After deposit of transactions. Must have a Bank of America business checking account. Only valid on Visa® and MasterCard® transactions. Exceptions may apply.
(5)The terminals will be zero cost after a rebate, as part of a 3-year fixed pricing package for each new merchant account as further described in the Fee Schedule provided by Bank of America, N.A. (“Bank”). At the time the merchant opens a new merchant account, it can purchase one Hypercom Optimum® T4210 for $199 or one Hypercom Optimum® T4220 for $299 due upfront; only one discounted terminal per merchant account (additional terminals may be purchased at the regular retail price). The merchant can get a rebate of that purchase price less sales tax and any applicable handling fee, which will appear as a credit on the 12th month merchant account statement; only one rebate per merchant account. For each such merchant account, if the merchant closes any new merchant account or terminates the Merchant Agreement with Bank (or if the Bank takes either such action for cause) or if the merchant requests a re-price within that 3-year period, then in any of those events, an early package cancellation fee of $199 will be charged for that merchant account at the time (and if such event occurs within the first 12 months, the merchant is also no longer eligible for the rebate associated with the terminal for that merchant account).
(6)This offer applies only to merchants who are not currently processing with Merchant Services from Bank of America, merchants who are not part of an association or who collected a payment from a like offer within the past 12 months. Pricing comparison applies to processing rates and fees only, not to include monthly terminal or software fees. Merchants must provide their most recent 2 months credit card processing statements. We will send a $250 check within 30 days of meeting the eligibility requirements. Check will be issued to the person authorized to sign up for or change the current merchant services provider. Limit one offer per merchant relationship/business entity. To the extent required by law, Bank of America will report the value of the offer to the IRS. Any applicable taxes are the responsibility of the account holder. Certain merchant restrictions and eligibility requirements apply.
(7)Bank of America will waive the monthly maintenance fee on your Business Economy Checking account for each statement period in the month following a point-of-sale Bank of America Visa Check Card purchase. For example, if you make a point-of-sale check card purchase in the month of August, your monthly maintenance fee credit will appear on your September statement. The following transactions do not qualify as point-of-sale purchases: a) ATM transactions; b) credits, such as those for purchases that are cancelled or returned, or other adjustments related to point-of-sale purchases; c) 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 deposit, escrow or brokerage accounts, and purchases of stored value cards. The account must be in good standing at the time of the purchase(s). For each month a point-of-sale Check Card purchase is not made, you will be charged your usual monthly maintenance fee if you do not meet the minimum balance requirement outlined in your Personal Schedule of Fees. We may, at our discretion and without notice to you, amend or cancel this offer at any time.
