- 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
- The date the business was established
- The SSN, address and DOB of the business owner
Open a new business checking account and get a cash bonus offer up to
$2,500
When you make and maintain New Money Deposits.1
Earn your cash bonus of up to $2,500 in three steps:
Open a new eligible account using this offer
Open a new eligible Business Advantage Fundamentals™ Banking or Business Advantage Relationship Banking® account by July 31, 2026:
- Online through this offer’s webpage (the offer code will be automatically applied),
or
- Through a Bank of America associate who applies the offer code at account opening.
Note: The offer code must be applied at the time of account opening to qualify.
Deposit New Money
Within 30 days of account opening (“Deposit Period”), deposit New Money directly into your new eligible Business Advantage Banking account.
At the end of the Deposit Period, all New Money deposits will be totaled to determine the Cash Bonus Tier for which you may eligible (see Bonus Chart).
Cash Bonus | New Money Deposits |
|---|---|
$400 | $5,000 |
$700 | $15,000 |
$1,000 | $50,000 |
$1,500 | $100,000 |
$2,500 | $200,000 |
Maintain the required balance
Maintain a daily balance in that new Business Advantage Banking account that meets the applicable Balance Requirement for your Cash Bonus Tier (see Bonus Chart) during the Maintenance Period.
- If your daily balance falls below the minimum of the Balance Requirement listed for a specific Cash Bonus Tier during the Maintenance Period, you may be eligible for a lower tier (if applicable), based on the lowest daily balance maintained.
- If your daily balance falls below $5,000 on any day during the Maintenance Period, you will no longer be eligible for a cash bonus.
After you satisfy all the requirements, we will attempt to deposit the earned bonus directly into your Business Advantage Banking account within sixty (60) days. The Business Advantage Banking account must be open and in good standing up to and including the date any earned bonus is paid. You will only receive one cash bonus, corresponding to the highest Cash Bonus Tier for which you qualify.
Start by choosing the right checking account for your business:
Business Advantage Fundamentals Banking
Business Advantage Relationship Banking
Business Advantage Fundamentals Banking
For smaller companies with basic checking needs. No monthly fee for the first 12 months.2
Business Advantage Relationship Banking
Comprehensive banking solutions for larger companies that may have multiple accounts and more complex checking needs.
You get all the powerful tools and services the Business Advantage Fundamentals Banking Account offers, plus:
- $0 monthly fee for incoming wires,7 stop payments and more
- No monthly fee on a second Relationship Banking account
- No monthly fee on a Business Savings account
Business Advantage Fundamentals Banking
Business Advantage Relationship Banking
More than just business checking
Access a full scope of digital and offline tools and services — all in one place.
Guidance and resources
Get guidance from a dedicated Business Specialist who'll provide personalized assistance when you need it. You’ll also have access to tools and information to grow your business at the Center for Business Empowerment.8
A dedicated Business Specialist is available to provide guidance on a range of relevant topics:
- Managing cash flow
- Choosing the right business banking products and services
- Planning for long-term business sustainability or growth
Center for Business Empowerment8
Find in-depth articles, tools and information designed to help you start, run or grow your business. It can help you:
- Increase your business knowledge
- Expand your network and growth potential
- Gain practical guidance based on our resources and insights
Payments and transactions
Easily manage your finances, all from a single online and mobile9 dashboard, with anytime account access.
Business Advantage 360,9 our online and mobile11 platform, simplifies your day-to-day operations with intuitive tools to:
- Manage your business checking online using Business Advantage 360
- Pay suppliers
- Accept customer payments
- Send Automatic Clearing House (ACH) transfers12 or wires13
- Free business credit score — Better manage your business’s credit health with free access to a Dun & Bradstreet business credit score14
- Use alternative deposit options: ATM, Remote Deposit Online15 and/or Mobile Check Deposits16
Business Debit cards
- Earn rewards on everyday business purchases with Mastercard Easy Savings®17 and Visa SavingsEdge®18
- Digital debit cards19 provide immediate access to your debit card for transactions and include industry-leading fraud protection with dynamic security codes
- $0 Liability Guarantee3 and fraud monitoring on debit card purchases
- Employee debit cards that empower you to control employee spending limits
Banking at your convenience
Choose how and when you want to bank, and manage your business finances with complete confidence.
- Online business checking with full account access to activity, payments, transfers, deposits and more
- Mobile banking for secure access, on-the-go management of your accounts
- Remote Deposit Online15 — Make your deposits remotely using a bank scanner.
- Process payments and manage transactions when it’s convenient for you whether by ATM, online, in person, via Mobile Check Deposit or with Remote Deposit Online.
Digital tools and solutions
Solutions to help you plan, track and scale efficiently in Business Advantage 360,9 our online and mobile banking platform.
Using leading-edge technologies, we offer powerful digital tools and solutions to help you plan, track and scale efficiently.
- Cash Flow Monitor20: This smart dashboard shows incoming and outgoing cash, highlights trends, predicts future balances, and alerts you to shortfalls so you stay one step ahead of your finances.
- Connected Apps20: Connect other business bank accounts, credit cards and financial tools to see your entire financial picture in one place.
- Zelle®6 for your business: Send and receive payments quickly with Zelle® for your business — a fast and easy way to pay vendors or contractors.
- Account Management21: Allow trusted employees or an accountant to manage routine business banking tasks.
- Erica®,22 your virtual financial assistant: Get personalized insights, reminders and alerts23 with Erica inside the Bank of America mobile banking app.
Rewards and savings
Unlock more value from your business banking relationship with Preferred Rewards for Business.10
When you open a business checking account and meet qualifying balance requirements, you’ll be eligible to enroll in Preferred Rewards for Business.10 As a member, you’ll enjoy:
- Up to 75% more rewards on eligible Bank of America business credit cards
- Higher interest rates on Business Advantage Savings accounts — up to a 20% boost
- Discounts on business loan and lines of credit
- Cash back on payroll services — up to $20/month
- Fee waivers on select banking services, including ATM transactions and wire transfers
- Dedicated support and an annual financial review from a business banking specialist
There's no fee to join or participate in Preferred Rewards for Business.
- When your application is complete, you’ll receive a confirmation email within a couple of hours.
- Application decisions are often immediate. (We’ll let you know if any additional information is required.)
- After your account is approved, you must send a signature card through traditional mail or take the card to a local financial center.
- You can fund your account while applying by using a debit card, transferring money from another account or writing a check.
- 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.
Why choose Bank of America?
Over 3 million business clients trust Bank of America for everyday and long-term banking needs. We’re honored with industry accolades and trusted for our expertise.
#1 Small Business Lender in the U.S.
– Based on FDIC data
Best Consumer Digital Bank in North America
– Global Finance Magazine, 2025
Top-rated Mobile App
– J.D. Power and Forrester, 2025
One of America’s Best Banks
– Forbes, 2025