Business Fundamentals

Business Fundamentals® Checking

Get simple and convenient banking and checking options for your small business.

Apply now

If you are a smaller business with basic banking needs, Business Fundamentals® Checking is ideal. This simple checking solution offers convenient access to thousands of ATMs, financial centers and Small Business Online Banking. Plus, you can access your account anytime, almost anywhere, from a computer, tablet or smartphone with Online and Mobile Banking.1

With Business Fundamentals® Checking you will get:

  • A business employee debit card with detailed record keeping and expense tracking to allow your employees to make purchases for you
  • No monthly fee when you make new qualifying purchases of at least $250 on your linked Bank of America® business debit or credit card2
  • Plus, you can avoid a monthly fee if you meet certain requirements — see details on how to avoid this fee

Ready to apply?

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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 (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.

Want even more benefits and rewards?

Learn more about how to qualify for and enroll in Preferred Rewards for Business.4 Find out more


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

Rewards Bonus

on eligible business credit cards

Full Service
Payroll Refund

on the cost of the monthly service fee.

Interest Rate Booster

on Business Advantage Savings accounts

1 Mobile Banking requires enrollment through the Mobile Banking app, Mobile website or Online Banking. Enrollment through the Mobile Banking app is not available on all devices. View the Online Banking Service Agreement for more information. Data connection required. Wireless carrier fees may apply.

2 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.

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

4 The Preferred Rewards for Business program (formerly known as Business Advantage Relationship Rewards) 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 if you have an active, eligible Bank of America business checking account, and maintain a combined balance in any combination of your qualifying Bank of America® business deposit accounts and/or your qualifying Merrill business investment accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. The combined 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 within thirty days of opening that account. 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. Certain benefits may be available without enrolling in the program if you satisfy balance and other requirements. Your benefits become effective within one month of your enrollment, or within one month of account opening for new accounts opened after you enroll, unless we indicate otherwise. Program benefits subject to change.

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

Business Fundamentals®, Bank of America and the Bank of America logo are registered trademarks of the Bank of America Corporation.

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Business Fundamentals® Checking | How to avoid a monthly fee

Avoid a monthly fee of $14 when you meet one of the following requirements each statement cycle:

Maintain at least one of the following balances:


Make at least $250 in net new qualifying purchases each billing cycle with your Bank of America business credit or debit card2