Business Advantage

A big deal for your small business

Online Offer Only***
Up To $400 Bonus Offer $200 Bonus Offer $100 Bonus Offer
Online Offer Only***

 

Business Fundamentals® Checking

The essential features your business needs

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Business Advantage Checking

All the essentials—plus premium benefits

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Maintenance fee
Maintenance fee

$15/month

Ways to avoid this fee Ways to avoid this fee

  • Spend $250 in net new purchases on a business debit or credit cardFootnote 2
  • 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 accountsFootnote 3
  • Process $500 in net Clover® Go On Demand sales each merchant services statement cycleFootnote 4

$29.95/month

Ways to avoid this fee Ways to avoid this fee

  • Spend $2,500 in net new purchases on a business credit cardFootnote 5
  • 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 accountsFootnote 6
  • Actively use Bank of America Merchant ServicesFootnote 7 and/or Payroll ServicesFootnote 8
Good for you if...
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
Second business checking account $12/month No fee
Business savings account
Business savings account Business Investment Account
No fee
Business Advantage Savings Account
No fee
Account management1 Manage your business finances with flexible tools and QuickBooks® integration
Account managementFootnote 1 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
  • Spend $250 in net new purchases on a business debit or credit cardFootnote 2
  • 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 accountsFootnote 3
  • Process $500 in net Clover® Go On Demand sales each merchant services statement cycleFootnote 4
  • Spend $2,500 in net new purchases on a business credit cardFootnote 5
  • 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 accountsFootnote 6
  • Actively use Bank of America Merchant ServicesFootnote 7 and/or Payroll ServicesFootnote 8

About applying online

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.