Offer expires 6/12/20
UP TO $750 Cash Bonus

Get a big bonus with business checking

Receive a cash bonus when you open a business checking account with qualifying deposits and electronic payments.1

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

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

Eligible for a
cash bonus of:
When you make the following
qualifying deposits* within
15 days of opening account
Eligible for a cash bonus of$200When you make the following qualifying deposits within 15 days of opening account$5,000‐$19,999
Eligible for a cash bonus of$500When you make the following qualifying deposits within 15 days of opening account$20,000‐$49,999
Eligible for a cash bonus of$750Eligible for a cash bonus of$50,000+

2. Maintain an average balance of the qualifying deposit amount (or greater) for the next 60 calendar
days during the Maintenance Period**

3. Make at least 5 qualifying electronic payments*** within the Maintenance Period**

 

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

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 business accounts3

For Bank of America Business Advantage Checking

$29.95/month

Ways to avoid this fee

  • Spend $2,500 in net new purchases on a business credit card4
  • 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 accounts3
  • Actively use Bank of America Merchant Services5 and/or Payroll Services6
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

No fee

Business savings account

For Bank of America Business Fundamentals Checking

Business Investment Account
No fee

For Bank of America Business Advantage Checking

Business Advantage Savings Account
No fee

Account management11 Account management2 Manage your business finances with flexible tools and QuickBooks® integration

For Bank of America Business Fundamentals Checking

$15/month

For Bank of America Business Advantage Checking

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 card3
  • 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 accounts4
  • Process $500 in net Clover® Go On Demand sales each merchant servies statement cycle5

For Bank of America Business Advantage Checking

  • Spend $2,500 in net new purchases on a business credit card6
  • 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 accounts4
  • Actively use Bank of America Merchant Services6 and/or Payroll Services7

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.

1 Eligibility: The $200, $500 and $750 bonus offers are mutually exclusive: only one bonus (either $200 or $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 June 12, 2020 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 June 12,2020; AND

To earn the $200 bonus:
  1. Make Qualifying Deposits of $5,000 or more in new money* (“Qualifying Deposits”) into your new business checking account within fifteen (15) days of account opening; AND
  2. Maintain an average balance of $5,000 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 $500 bonus:
  1. Make Qualifying Deposits* of $20,000 or more 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 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.

* Qualifying deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill. 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, online bill pay, automated clearinghouse (ACH), wire transfers or outgoing 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 June 12, 2020. 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.

2 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.

3 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.

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

5 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.

6 Bank of America Merchant Services
To qualify, you must have an active Bank of America Merchant Services account that is used for processing payment transactions. In order for your Bank of America 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 Bank of America 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 product are not considered an active Bank of America 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 Bank of America Merchant Services account during a given Business Advantage billing cycle. If so, we would apply the monthly fee waiver for your Business Advantage primary account in the next checking account statement cycle. For example, Bank of America 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 account and the Bank of America Merchant Services account share the same Taxpayer Identification Number. Please see the Business Schedule of Fees for details.

7 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.

Deposit products and services are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

© Banc of America Merchant Services, LLC. All rights reserved. All trademarks, service marks and trade names referenced in this material are the property of and licensed by their respective owners. Merchant Services are provided by Bank of America, N.A. and its representative Banc of America Merchant Services, LLC. Banc of America Merchant Services, LLC is not a bank, does not offer bank deposits, and its services are not guaranteed or insured by the FDIC or any other governmental agency.

All credit cards are subject to credit approval and credit card account limits are subject to creditworthiness. Normal credit standards apply. Bank of America may prohibit use of an account to pay off or pay down another Bank of America account. Some restrictions may apply.

Credit card programs are issued and administered by Bank of America, N.A.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

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

QuickBooks is a registered trademark of Intuit, Inc., used under license. ADP is a registered trademark of ADP, LLC, used under license. Bank of America does not deliver and is not responsible for the products, services or performance of Intuit, Inc.; or ADP. Internet access may be required. Internet service provider fees may apply. Other bank fees may apply. See the Business Schedule of Fees available at bankofamerica.com/businessfeesataglance for details. Bank of America and/or its affiliates or service providers may receive compensation from third parties for clients' use of their services.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of BofA Corp.

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 (“BofA Corp.”). Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.