Open a business checking account

Open an account, and get separate debit, deposit and employee cards with detailed record keeping and expense tracking.

Travel Rewards Credit Card

 

Business Fundamentals® Checking

The essential features your business needs

Apply now

Business Advantage Checking

All the essentials—plus premium benefits

Apply now
Maintenance fee

$15/month

Ways to avoid this fee

  • Spend $250 in net new purchases on a business debit or credit card2
  • Maintain an average monthly balance of $5,000 or more
  • Maintain a minimum daily balance of $3,000
  • Maintain a combined average monthly balance of $15,000 or more in your linked Bank of America accounts3
  • Process $500 in net Clover® Go On Demand sales each merchant services statement cycle4
  • Qualify for and enroll in the Business Advantage Relationship Rewards program (first four checking accounts, per enrolled business)

$29.95/month

Ways to avoid this fee

  • Spend $2,500 in net new purchases on a business credit card5
  • Maintain an average monthly balance of $15,000 or more
  • Maintain a combined average monthly balance of $35,000 or more in your linked Bank of America accounts6
  • Actively use Bank of America Merchant Services7 and/or Payroll Services8
  • Qualify for and enroll in the Business Advantage Relationship Rewards program (first four checking accounts, per enrolled business)
Good for you if...

You spend at least $250 a month on your business debit or credit card

or

Your average monthly balance is less than $5,000

You spend at least $2,500 a month on your business credit card

or

Your average monthly balance is greater than $15,000

Second business checking account

$12/month

No fee

Business savings account

Business Investment Account
No fee

Business Interest Maximizer Account
No fee

Account management12 Manage your business finances with flexible tools and QuickBooks® integration

$15/month

No fee

Avoid the monthly maintenance fee Do just one of these things each statement cycle For Bank of America Business Fundamentals Checking
  • Spend $250 in net new purchases on a business debit or credit card2
  • Maintain an average monthly balance of $5,000 or more
  • Maintain a minimum daily balance of $3,000
  • Maintain a combined average monthly balance of $15,000 or more in your linked Bank of America accounts3
  • Process $500 in net Clover® Go On Demand sales each merchant services statement cycle4
  • Qualify for and enroll in the Business Advantage Relationship Rewards program (first four checking accounts, per enrolled business)
For Bank of America Business Advantage Checking
  • Spend $2,500 in net new purchases on a business credit card5
  • Maintain an average monthly balance of $15,000 or more
  • Maintain a combined average monthly balance of $35,000 or more in your linked Bank of America accounts6
  • Actively use Bank of America Merchant Services7 and/or Payroll Services8

The information you'll need to apply

  • Business documentation such as filing documents, organizing documents, articles of incorporation and/or certificate of resolution
  • 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 owners

What to expect after applying

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

Want even more benefits and rewards?

Learn more about how to qualify for and enroll in Business Advantage Relationship Rewards.10

Find out more
  • No
    Fees

    on select everyday banking services (inbound wires, stop payments and more)11

  • 25%-75%
    Rewards Bonus

    on the base earn for eligible business credit cards12

  • Cash
    Rewards

    on Bank of America Merchant Services processing13

  • Interest Rate
    Booster

    on Business Advantage Savings accounts14

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