Free online banking
Manage your Bank of America business account(s) from anywhere you have Internet access.
Save time and money with Business Fundamentals
The perfect way to save time and money if:
- You're starting a business or looking for a new business checking account
- Your monthly balance is less than $15K
- You're looking for one small business banking solution
- Complete the online application.
- Receive confirmation in less than a day.
- Fund your new account.
With a Business Economy Checking account from Bank of America there's no monthly maintenance fee for checking1 when you make business purchases with your Visa® Business Debit Card every month as part of our Business Fundamentals package2
- Free 24/7 business online banking services
- Timely Alerts help avoid fees and monitor deposits and account balances
- Deposit accounts are insured by the FDIC for an added layer of protection
- Enjoy convenient access to your accounts when you're on the go with over 18,000 ATMs and 6,100 Banking Centers
coast to coast
Greater security
Deposits made to a business account are insured by the FDIC for the remainder of 2009.
Discounts on office products and supplies
Earn up to 20% cash back on your online purchases, on top of any retailer's discounts and debit card rewards.
Who It's For
Business Economy Checking account4
Start-ups and businesses with an average balance less than $15,000 and monthly transactions less than:
- 150 checks paid and deposited items—combined—each month
- $10,000 cash deposited
Business Advantage Checking account4
Established businesses with an average balance greater than $15,000 and higher transaction activity levels, up to:
- 400 checks paid and deposited items combined
- $20,000 cash deposited
Benefits
Business Economy Checking account
Offers multiple options to waive maintenance fee
Can link to savings accounts to meet combined balance requirements
Business Advantage Checking account
Includes many free and discounted services
Priority customer service
Offers multiple options to waive maintenance fee
Fees (per statement cycle)1
Business Economy Checking account
The $12.00 monthly maintenance fee can be avoided with one of the following:
- Enrolling in Business Fundamentals and making a monthly qualifying purchase with your Business Check Card2
- $3,000 minimum balance
- $10,000 average balance
- $7,500 combined minimum balance3
- $15,000 combined average balance3
45¢ for each check paid or deposited item after the
first 150
Business Advantage Checking account
The $29.95 monthly maintenance fee can be avoided with one of the following:
- $15,000 average balance
- $35,000 combined average balance3
- $100,000 or more in business term loan or lease
45¢ for each check paid or deposited item after
first 400
©2009 Bank of America Corporation. All Rights reserved.
1 Additional fees and charges may apply
2 Bank of America will waive the monthly maintenance fee on your Business Economy Checking account for each statement period in the month following a point-of-sale Bank of America Visa Check Card purchase. For example, if you make a point-of-sale check card purchase in the month of August, your monthly maintenance fee credit will appear on your September statement. The following transactions do not qualify as point-of-sale purchases: a) ATM transactions; b) credits, such as those for purchases that are cancelled or returned, or other adjustments related to point-of-sale purchases; c) purchases of cash-like items, such as money orders, traveler's checks, foreign currency, cashier's checks, gaming chips, and other similar instruments and things of value; d) account funding transactions, including transfers to open or fund deposit, escrow or brokerage accounts, and purchases of stored value cards. The account must be in good standing at the time of the purchase(s). For each month a point-of-sale Check Card purchase is not made, you will be charged your usual monthly maintenance fee if you do not meet the minimum balance requirement outlined in your Personal Schedule of Fees. We may, at our discretion and without notice to you, amend or cancel this offer at any time.
3 Eligible accounts include Business Economy Checking, Business Interest Checking, Business Interest Maximizer®, Business Investment Account, and Business CDs.
4All product information regarding checking packages pertains to all U.S. states except California, Washington and Idaho. State details are included in the online application.