offer expires 1/31/21 up to dollar 750 cash bonus

A big bonus to move your business forward

Get a cash bonus plus powerful digital tools when you open a new account with qualifying deposits and payments.

To receive a cash bonus, open a business checking account and follow these 3 steps:

1. Make qualifying deposits in new money* within 15 days of opening an account

Eligible for a cash bonus of:

$500

when you make $20,000 in qualifying deposits within 15 days of opening account*

Eligible for a cash bonus of:

$750

when you make $50,000 in qualifying deposits within 15 days of opening account*

2. Maintain an average balance of the qualifying deposit amount (or greater) for 60 days during the maintenance period**

3. Make at least 5 qualifying electronic payments*** within this 60-day period

* Qualifying deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill.

** The maintenance period begins sixteen (16) days after account opening and ends seventy-five (75) calendar days after account opening.

*** Qualifying electronic payments include debit card purchases, online bill pay, and the following outgoing payments: automated clearinghouse (ACH), wire transfers and Zelle®1 payments.

Get a business checking account with the tools you need to move your business forward—all in one place.

Powerful digital tools

Manage your business efficiently with customizable digital tools like Cash Flow Monitor2, Mobile Check Deposit3 and more. Plus, send and receive money with Zelle®.

Access to Small Business Specialists

Our Small Business team is ready to help you with the unique challenges small business owners face.

Preferred Rewards for Business4

Get monthly maintenance fee waivers on checking and savings, no fees on incoming domestic wire transfers and more as a Preferred Rewards Member.

Best-in-class security

Bank confidently knowing that your business and banking information is secure and backed by fraud protection.

 

Business Fundamentals® Checking

The essential features your business needs

Apply now

Business Advantage Checking

All the essentials—plus premium benefits

Apply now
Maintenance fee

For Bank of America Business Fundamentals Checking

$15/month or $0/month

Ways to avoid this fee

  • Spend $250 in net new purchases on a business debit or credit card7
  • 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 business accounts8

For Bank of America Business Advantage Checking

$29.95/month or $0/month

Ways to avoid this fee

  • Spend $2,500 in net new purchases on a business credit card9
  • 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 business accounts8
  • Actively use Merchant Services10 and/or Payroll Services11
Good for you if...

For Bank of America Business Fundamentals Checking

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

or

Your average monthly balance is less than $5,000

For Bank of America Business Advantage Checking

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

For Bank of America Business Fundamentals Checking

$12/month

For Bank of America Business Advantage Checking

$0/month

Business savings account

For Bank of America Business Fundamentals Checking

Business Investment Account
$0/month

For Bank of America Business Advantage Checking

Business Advantage Savings Account
$0/month

Account management12 Account management5 Manage your business finances with flexible tools and QuickBooks® integration6

For Bank of America Business Fundamentals Checking

$15/month

For Bank of America Business Advantage Checking

$0/month

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 card7
  • 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 business accounts8

For Bank of America Business Advantage Checking

  • Spend $2,500 in net new purchases on a business credit card9
  • 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 business accounts8
  • Actively use Merchant Services10 and/or Payroll Services11

About applying online

The information you'll need to apply

  • Business documentation such as filing documents, articles of organization, 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 owner

What to expect after applying

  1. When your application is complete, you will receive a confirmation email within a couple of hours.
  2. You’ll need to fax your supplemental documents to 800.435.0051 or scan and email them to SmallBus.Documents@bankofamerica.com (include your application ID on the fax cover sheet or in the email subject line).
  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 card(s) in approximately 7 to 10 business days.

Eligibility: The $500 and $750 bonus offers are mutually exclusive: only one bonus ($500 or $750) per business customer, regardless of the number of businesses owned or operated by the customer.

Offer only available to customers who receive this offer via a direct communication from a Bank of America Small Business Specialist or from a Bank of America communication. This offer is intended for new customers only; you are not eligible for this offer if you were an owner or signer on a Bank of America small business checking account within the last six (6) months. Bank of America employees are not eligible for this offer.

Offer expires on January 31, 2021 and all qualifying activities must be completed within the stated time frames in order to be eligible for this offer. Bank of America may change or discontinue this offer at any time before this date without notice.

Requirements to Receive a Checking Bonus:

  1. Open a new Business Advantage Checking or Business Fundamentals® Checking account by January 31, 2021; AND

To earn the $500 bonus:
  1. Make Qualifying Deposits* of $20,000 or more in new money* into your new business checking account within fifteen (15) days of account opening; AND
  2. Maintain an average balance of $20,000 during the Maintenance Period**; AND
  3. Make five (5) Qualifying Electronic Payments*** that are posted to the new checking account by the end of the Maintenance Period.
To earn the $750 bonus:
  1. Make Qualifying Deposits* of $50,000 or more in new money* into your new business checking account within fifteen (15) days of account opening; AND
  2. Maintain an average balance of $50,000 during the Maintenance Period**; AND
  3. Make five (5) Qualifying Electronic Payments*** that are posted to the new checking account by the end of the Maintenance Period.

* New Money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts and/or Merrill investment accounts. A transfer done via ATM, online or teller, or a transfer from a Bank of America deposit account or brokerage account, such as a Merrill account, is not considered new money. A cash withdrawal from an existing Bank of America account and a deposit into the new checking account is not considered new money.

** The Maintenance Period begins sixteen (16) calendar days after account opening and ends seventy-five (75) calendar days after account opening.

*** Qualifying Electronic Payments include debit card purchases, online bill pay, and the following outgoing payments: automated clearinghouse (ACH), wire transfers or Zelle payments.

Additional Terms: All account applications are subject to approval. Your account does not qualify for the bonus until you provide all of the information we require in connection with opening the account by the promotion end date January 31, 2021. This includes information we require to identify each account owner and to report the bonus to the Internal Revenue Service (IRS), including a validly completed IRS Form W‑9 or Form W‑8 (as applicable). The value of this bonus may constitute taxable income to you. To the extent required by law, Bank of America may withhold tax or other amounts from the payment. Please consult your tax advisor, as neither Bank of America, its affiliates, nor their employees provide tax advice. Please consult a financial center, visit bankofamerica.com, or see the Business Schedule of Fees found at bankofamerica.com/businessfeesataglance for other account fees, rates and information.

All new business checking accounts must be open up to and including the date the earned bonus is paid in order to receive the earned bonus. We will make every attempt to deposit the earned cash bonus directly into your business checking account within 60 days from the end of your qualifying period.

Reproduction, purchase, sale, transfer or trade of this offer is prohibited.

1 Zelle should only be used to send money to friends, family or others you trust. We recommend that you do not use Zelle to send money to those you do not know. Transfers require enrollment in the service and must be made from an eligible Bank of America consumer or business deposit account to a domestic bank account or consumer debit card. Recipients have 14 days to enroll to receive money or the transfer will be canceled. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle. We will send you an email alert with transaction details after you send money using Zelle. Dollar and frequency limits apply. See the Online Banking Service Agreement at bankofamerica.com/serviceagreement for further details. Data connection required. Message and data rates may apply. Neither Bank of America nor Zelle offers a protection program for any authorized payments made with Zelle.To send to or receive money from a small business, a consumer must be enrolled with Zelle with a linked domestic deposit account at a U.S. financial institution that offers Zelle. Small businesses are not able to enroll in the Zelle app with a debit card, and cannot receive payments from consumers enrolled in the Zelle app with a debit card.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

2 Cash Flow Monitor: You must be enrolled in Business Advantage 360, our small business online banking, or Mobile Banking to use Cash Flow Monitor and Connected Apps and have an eligible Bank of America® small business deposit account. Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply. Bank of America and/or its affiliates or service providers may receive compensation from third parties for clients’ use of their services.

When you use Cash Flow Monitor and Connected Apps to access services or information from third parties (“Third-Party Account Information”), you will be subject to any terms and conditions established by those third parties, in addition to Cash Flow Monitor and Connected Apps Terms and Conditions.

Bank of America, N.A. provides access to third-party websites and Third-Party Account Information only as a convenience, and is not responsible for, does not guarantee or endorse the services offered, and does not monitor or review such information for accuracy, completeness or otherwise. Information displayed through Cash Flow Monitor and Connected Apps may be more up-to-date when obtained directly from relevant third-party web sites. Neither Bank of America, its affiliates, nor their employees provide legal, accounting and tax advice.

Bank of America and/or its affiliates or service providers may receive compensation from third parties for clients’ use of their services. All third party trademarks, service marks, trade names and logos referenced in this material are the property of their respective owners. Bank of America does not deliver and is not responsible for the products, services or performance of any third party.

3 Mobile Check Deposits are subject to verification and not available for immediate withdrawal. Other restrictions apply. In the Mobile Banking app menu, select Deposit Checks, then Help for details and other terms and conditions. Message and data rates may apply.

4 The Preferred Rewards for Business program is only available to Small Business, Merrill Small Business, and Bank of America Private Bank® Small Business clients. Other categories of clients, such as those commonly referred to as Business Banking, Global Commercial Banking, Global Corporate Investment Banking, or Institutional clients are not eligible to participate in the program. Subject to certain exceptions, eligible business checking accounts generally are any Small Business checking account and the following Analyzed checking accounts: Full Analysis Business Checking or Analyzed Business Interest Checking. Clients in the eligible business categories may enroll in the program. To enroll you must have an active, eligible Bank of America business checking account, and maintain a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier in your combined qualifying Bank of America business deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill business investment accounts (such as Working Capital Management Accounts, Business Investor Accounts, Delaware Business Accounts). The qualifying balance is calculated based on either (i): your average daily balance for a three calendar month period, or (ii) your current combined balance, provided that you enroll at the time you open your first eligible business checking account and satisfy the balance requirement at the end of at least one day within thirty days of opening that account. Refer to your Business Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Bank of America Private Bank® Small Business clients are automatically enrolled in the program at the Platinum Honors tier as long as you maintain your Bank of America Private Bank® relationship. Once you are no longer a client of the Private Bank, your enrollment in Preferred Rewards for Business will end and the benefits from enrollment will no longer be provided. You can continue to receive Preferred Rewards for Business benefits if you are eligible for the program and you take action to enroll. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Certain benefits may be available without enrolling in the program if you satisfy balance and other requirements.

5 The monthly fee for Account Management is $15. However, there is no monthly fee for Account Management with Business Advantage Checking. You must be enrolled in Online Banking and have an open Bank of America small business deposit account to be enrolled in Account Management, and fees will be billed to that account. Fees may apply for additional services. See the Business Schedule of Fees available at bankofamerica.com/businessfeesataglance for details. Account Management requires internet access and internet service provider fees may apply.

6 QuickBooks and the QuickBooks logo are registered trademarks of Intuit, Inc., used under license. Bank of America does not deliver and is not responsible for the products, services or performance of Intuit, Inc.

7 Spend $250 or more in new “Net Purchases” each statement/billing cycle using a linked Bank of America business debit or credit card. Net Purchases must post to that card account to qualify. To link your Business card to your Business Fundamentals® Checking account, please visit your local financial center or call 888.BUSINESS (888.287.4637). Net Purchases must be made on only one of either the debit or credit card accounts; Net Purchases on any combination of debit or credit card cannot be aggregated to reach the monthly spend. See Business Schedule of Fees for an explanation of how the monthly fee waiver is applied and how the card spend is determined.

8 You may link additional Business Fundamentals® Checking, Business Economy Checking, Business Interest Checking, Business Advantage Savings (all variations), Business Investment Account and Business CDs.

9 Spend $2,500 or more in new 'Net Purchases' each card billing cycle using a linked Bank of America business credit card. Net Purchases must post to that card account to qualify. To link your Business credit card account to your Business Advantage Checking account, please visit your local financial center or call 888.BUSINESS (888.287.4637). Net Purchases must be made on only one credit card account; Net Purchases on any combination of credit cards cannot be aggregated to reach the monthly spend. See Business Schedule of Fees for an explanation of how the monthly fee waiver is applied and how the card spend is determined.

10 Merchant Services: To qualify, you must have an active Merchant Services account with Bank of America that is used for processing payment transactions. In order for your Merchant Services account to be considered “active”: (1) it must be open and in good standing; and (2) you must have submitted a qualifying transaction batch during the prior Business Advantage Checking billing cycle. A qualifying transaction batch is a single submission consisting of a group of transactions (e.g., sales and credits) that are posted to your Merchant Services account for settlement into your Business Advantage Checking account (usually representing a day’s worth of transactions). Customers that process transactions only with a Clover® Go On Demand plan are not considered an active Merchant Services account for this purpose. To determine whether you have qualified for the monthly fee waiver on your Business Advantage Checking primary account, there is a look-back period where we determine if you had an active Merchant Services account during a given Business Advantage Checking billing cycle. If so, we would apply the monthly fee waiver for your Business Advantage Checking primary account in the next checking account statement cycle. For example, Merchant Services processing activity from January would count toward your February monthly fee waiver evaluation. The waiver applies only when the owner of the Business Advantage Checking account and the Merchant Services account share the same Taxpayer Identification Number. Exclusions may apply based on merchant processing product. Subject to change. Please see the Business Schedule of Fees at bankofamerica.com/businessfeesataglance for details.

11 Payroll Services: Payroll providers must be Bank of America approved and you must have enrolled in the service through Bank of America. Payroll Services by Intuit®. You are an active user when you are enrolled in Intuit® Online Payroll (Basic or Enhanced Service) or Intuit Full Service Payroll®, process at least one payroll transaction through the service in the last 60 days and pay your payroll using your Business Advantage Checking account. Payroll transactions that occur in the 10 days preceding your current Business Advantage Checking account statement cycle end may count toward your next month's Monthly Fee waiver evaluation. ADP® Payroll Services. You are an active user when you have enrolled in ADP® Payroll Services on or after December 31, 2015 and process at least one payroll transaction from your Business Advantage Checking account through the service during at least one of the two months preceding your current Business Advantage Checking account statement cycle. For example, ADP® Payroll Services activity with a last payroll run date from either January or February would count toward your March Monthly Fee waiver evaluation for your Business Advantage Checking account.

Banking made better with no-fee services: Fee waivers do not apply to an analyzed business checking or savings account product or to cards issued under these products. Visit bankofamerica.com/RewardsforBusiness for a complete list of no-fee banking services.

Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation.

Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. Bank of America, N.A. Member FDIC. © Bank of America Corporation.