Overview
We recognize that our customers are managing their cash flow and business expenses more closely than ever before. Let us help you navigate the changes in your account and put you in greater control of your finances. Learn more about services we offer and improvements we’ve made to help you get the most out of your banking relationship.
Monthly Maintenance Fees
Monthly Maintenance Fees
Monthly Maintenance Fees are charged to maintain your account with us. Our fees are based on what we believe is the fair value of the service we are providing in today’s marketplace.
How to help prevent this fee
For additional pricing changes that may impact your account and for a complete list of all transaction fees, please click here to access the guide to Small Business account fees.
Ways you can manage your cash flow better
- Get important Alerts or notifications about account information via email or text message on your computer or wireless device* to help you make smarter spending decisions (requires Online Banking):
- Set Low Balance Alerts at an amount above the minimum balance requirement on your account to provide yourself enough time to transfer or deposit additional funds before your balance goes below the minimum balance requirement and you incur a fee.
- o Set Account Has Insufficient Funds Alert to get faster notification that your account has a $0 or negative balance (has an overdraft) vs. the paper-based notification sent through standard USPS - helping you avoid additional fees.
- Use Mobile Banking to manage your account no matter where (or when) and access our GPS enabled ATM/Branch locator with Google maps and directions.*
- Instant access to balance and latest transaction overview
- Transfer funds between BAC accounts
- Enroll in Small Business Online Banking to conveniently monitor your account balance and track spending.
*Check with your wireless carrier for fees that may apply for text messages. Mobile Banking available to Online Banking enrollees only. Mobile Banking not available with Online Business Suite Products. Not available with accounts in WA and ID.
Overdraft & Return Item Fees
- UPDATED! Change to Overdraft item Fee
- UPDATED! Overdraft Item Fee/Returned Item Fee
- Extended Overdrawn Balance Charge
Change to Overdraft Item Fee
We do not charge the Overdraft Item Fee on your account when we determine that your account is overdrawn by a total amount less than $10.00 after we finish processing for the day. Please note: When we determine that your account is overdrawn by a total amount of $10.00 or more, the $35.00 Overdraft Item Fee continues to apply to each overdraft item. The $35.00 NSF: Returned Item Fee still applies to each item we decline or return unpaid, regardless of your account balance. Additionally, if your account remains overdrawn for 5 or more consecutive business days, you will also incur a $35.00 Extended Overdrawn Balance Charge.
- Reduced Overdraft Item Fee - no longer applies
- We reduced the number of overdraft item fees and NSF returned item fees you can get each day from 10 to 4. Fee applies to each overdraft item and each NSF returned item with no more than 4 items charged each day.
What’s Changing and When
Effective October 19, 2009, when your account is overdrawn by a total amount less than $10, rather than being charged the standard $35 Overdraft Fee, you will not be charged a fee for each overdraft item that day. Returned Item Fee still applies. We also reduced the number of overdraft item fees and NSF returned item fees you can get each day from 10 to 4. Fee applies to each overdraft item and each NSF returned item with no more than 4 items charged each day.
Ways you can manage your cash flow better.
Get important Alerts or notifications about account information via email or text message on your computer or wireless device* to help you make smarter spending decisions (requires Online Banking):
- Low-Balance Threshold Alerts: (set by you, the customer) Provides an opportunity to transfer or deposit funds prior to your balance being overdrawn in order to help prevent a fee.
- Has Insufficient Funds Alert Gives you faster notification that your account has a $0 or negative balance (has an overdraft) vs. the paper-based notification sent through standard USPS –helping you avoid additional fees.
- Additional alerts: Direct Deposit, Credit Card Payment Due/Posted, E-bills, Security
- Enroll in Small Business Online Banking with Bill Pay to conveniently monitor your account balance, make transfers and track spending; it’s an easy way to get greater control over your account.
- Set daily cash withdrawl and purchase limits with your Visa® Business Check Card. Learn more about the features of our business check cards here
*Check with your wireless carrier for fees that may apply for text messages. Mobile Banking available to Online Banking enrollees only. Mobile Banking not available with Online Business Suite Products. Not available with accounts in WA and ID.
Overdraft (OD) Item Fee occurs when we pay a check or other withdrawal even though you don’t have enough available funds in your account to cover these transactions.
NSF (Non-Sufficient Funds): Returned Item Fee occurs when you do not have enough available funds in your account to cover a check or other item, and Bank of America decides not to pay the check or other item and to return it to the payee.
What’s Changing and When
Effective October 19th, 2009, we reduced the number of overdraft item fees and NSF returned item fees you can get each day from 10 to 4. Fee applies to each overdraft item and each NSF returned item with no more than 4 items charged each day.
How to help prevent this fee
Sign up for Overdraft Protection Service in order to help you prevent returned checks and overdrafts on your business checking account.
- With overdraft protection, available funds from your linked business savings or credit card account are automatically transferred to your business checking when you do not have enough available funds in your checking account to cover a check or other items.
- There is no cost to set up overdraft protection, however transfer and other fees may apply.
Ways you can manage your cash flow better.
Get important Alerts or notifications about account information via email or text message on your computer or wireless device to help you make smarter spending decisions * (requires Online Banking):
- Set Low-Balance Threshold Alerts: Provides an opportunity to transfer or deposit funds prior to your balance being overdrawn in order to help prevent the fee.
- Set Account Has Insufficient Funds Alert to get faster notification that your account has a $0 or negative balance (has an overdraft) vs. the paper-based notification sent through standard USPS mail helping you avoid additional fees.
- Use Mobile Banking to manage your account no matter where (or when) and
access our
GPS enabled ATM/Branch locator with Google maps and directions.*
- Instant access to balance and latest transaction overview
- Transfer funds between Bank of America accounts
- Enroll in free Small Business Online Banking to conveniently monitor your account balance, make transfers and track spending.
- And for more advanced account management features, take advantage of Online Business Suite’s financial management tools, which allow for greater control of cash flow.
* Check with your wireless carrier for fees that may apply for text messages. Mobile Banking available to Online Banking enrollees only. Mobile Banking not available with Online Business Suite Products. Not available with accounts in WA and ID.
Extended Overdrawn Balance Charge is charged if your account continues to be overdrawn for 5 consecutive business days. For each time your account is overdrawn 5 or more consecutive business days, we charge one Extended Overdrawn Balance Charge.
How to help prevent this fee
If you overdraw your account, repay the amount you are overdrawn as quickly as possible and prior to the fifth business day you are overdrawn
Ways you can manage your cash flow better.
- Set Low-Balance Threshold Alerts: Provides an opportunity to transfer or deposit funds prior to your balance being overdrawn in order to help prevent the fee.
- Set Account Has Insufficient Funds Alert to get faster notification that your account has a $0 or negative balance (has an overdraft) vs. the paper-based notification sent through standard USPS –helping you avoid additional fees.
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Enroll in free Small Business Online Banking to conveniently monitor your account balance, make transfers and track spending.
Learn more - Use Mobile Banking to manage your account no matter where (or when) and
access our
GPS enabled ATM/Branch locator with Google maps and directions.*
- Instant access to balance and latest transaction overview
- Transfer funds between BAC accounts
* Check with your wireless carrier for fees that may apply for text messages. Mobile Banking available to Online Banking enrollees only. Mobile Banking not available with Online Business Suite Products. Not available with accounts in WA and ID.
Other Price Changes
- Effective June 5, 2009
- Transaction Fee
Transaction Fee
When you exceed the number of transactions allotted for your checking or savings account, you are charged a transaction fee.
For additional pricing changes that may impact your account and for a complete list of all transaction fees, please click here to access the guide to Small Business account fees.
Valuable Features & Benefits
- Faster Access To Your Money
- Feel More Secure With Your Money
- Get The Most Out Of Your Money
Improvements we’ve made with you in mind:
Check out some easier ways to deposit your money:
New deposit image ATMs provide you with fast, accurate and reliable deposits.
- Get immediate credit on cash deposits made Monday through Friday up to 8 p.m. All other transactions made by 8pm Monday through Friday will post the same day.^
- Fast: Scans checks and counts cash (up to 40 cash bills at once), then adds up your total deposit
- Simple: No envelopes or deposit slips required; simply feed checks and cash directly into the ATM
- Reliable: Check images are displayed on the screen and on your receipt for instant verification
- Easy: On-screen instructions
- Experience the new Deposit Image ATM
- Locate an ATM near you
Merchant Card Processing: Get paid faster with funds available as soon as the next business day.*
^Except as noted on the face of the ATM. Exceptions apply. See your account agreement.
*After deposit of transactions made to a Bank of America business checking account. Only valid on Visa® and MasterCard®. Certain exceptions may apply. Merchant card processing is provided by BA Merchant Services, LLC, a subsidiary of Bank of America, N.A.
Experience a host of different security features and products:
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Free Photo Security®: Your picture on the card keeps your identity as the cardholder clear; reduces fraud and provides additional convenience of not having to pull out another form of ID. Just visit a banking center to get your photo taken.
Learn more
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Free Total Security Protection®: Free protection against theft, loss, or unauthorized use of your consumer card. Provides Zero Liability, Guaranteed credit, award-winning Fraud Protection and Online Protection, so if a transaction appears that you haven’t made, it’s not your problem.
Learn more
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SafePass®: An online banking security enhancement that is Bank of America's strongest protection in guarding against Online Banking fraud and identify theft. With SafePass, you get a 6-digit, 1-time-use code sent as a text message to your mobile phone. This code gives you an unrivaled extra layer of security when you authorize sensitive transactions.
Learn more
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Set daily check card cash withdrawal and purchase limits on your Visa® Business Check Card including employee cards
Learn more about the features of our business check cards here
Discover innovative ways to save and smarter ways to spend:
Select Business Interest Maximizer®: No need to lock in your funds to get a great rate with this flexible business savings account.
It provides flexibility and convenient access to your funds when you need them, including unlimited ATM and banking center withdrawals.
Learn more
Add It Up®: Customers enrolled in Add It Up can earn cash back when they make purchases with their registered Bank of America Visa® Business Check Card at the Add It Up Website.
- Customers earn cash that will be deposited into an eligible business checking account. In-the-store cash back offers will be added at select retailers.
- There is no fee to enroll and customers can register in the Add It Up program once enrolled in Online Banking.
