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Advertising Practices

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To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs.

Business Advantage

Get Started

Open a new eligible Bank of America business checking account and qualify for a $200 cash bonus offer¹

Access to powerful digital tools and Small Business specialists all in one place. Plus earn a $200 cash bonus when you meet the qualifications listed below in your new, eligible business checking account.

A business checking account gives you the tools you need to move your business forward

Powerful digital tools

Manage your business efficiently with customizable digital tools like Cash Flow Monitor³, Mobile Check Deposit⁴ and access to Zelle®⁵. All your business transactions in one place.

Small Business Specialists

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

Secure banking

We're committed to keeping your banking information secure so you can bank with confidence.

Preferred Rewards for Business

Eligible members can access a wide range of valuable rewards, benefits and savings with no fee to enroll in the program².

Eligible for a cash bonus of $200 when you deposit $5,000 or more in New Money* directly into your new eligible business checking account within 30 calendar days of account opening; and maintain an average balance of $5,000 or more in that account during the Maintenance Period**1

Earn a cash bonus in three steps:

Open a new eligible business checking account by December 31, 2024.
Deposit $5,000 or more in New Money* directly into your new eligible business checking account within 30 calendar days of account opening; AND
Maintain an average balance of $5,000 or more in that account during the Maintenance Period**¹ which begins 31 calendar days after account opening and ends 90 calendar days after account opening.

*New Money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts or Merrill investment accounts.
**The Maintenance Period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.

Start by choosing the right checking account for your business:

Business Fundamentals

Advantage Relationship

Business Advantage Fundamentals™ Banking

Essential digital tools to help you manage your business now with no monthly fee for the first 12 months

Options and features of both accounts include

Access to Business Advantage 360 online and mobile tools⁶ including: Cash Flow Monitor³, Mobile Check Deposit⁴, Remote Deposit Online⁷ and access to Zelle®⁵
Access to Small Business Specialists who work with you to find solutions that fit your goals
Business debit cards with $0 Liability Guarantee and fraud monitoring⁸

Monthly fee information

$16 or $0 monthly fee*
Great news, there’s no monthly fee for the first 12 statement cycles

*Learn how to avoid the monthly fees after that⁹

Open now

Second Business Advantage Banking account

+$16/month

Business Advantage Savings account

+$10/month

Incoming wire transfer fee

Fees vary

Account Management¹¹

No fee

Business Advantage Relationship Banking

Comprehensive financial solutions to help manage your business

Options and features of both accounts include

Access to Business Advantage 360 online and mobile tools⁶ including: Cash Flow Monitor³, Mobile Check Deposit⁴, Remote Deposit Online⁷ and access to Zelle®⁵
Access to Small Business Specialists who work with you to find solutions that fit your goals
Business debit cards with $0 Liability Guarantee and fraud monitoring⁸

Monthly fee information

$29.95 or $0 monthly fee*

*Learn how to avoid fee¹⁰

Open now

Second Business Advantage Banking account

No monthly fee

Business Advantage Savings account

No monthly fee

Incoming wire transfer fee

No fee

Account Management¹¹

No fee

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

When your application is complete, you will 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.

1

$200 Banking Relationship Bonus Eligibility: This offer is available to business owners who apply for a new business account online only. 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 Business Advantage Banking account within the last twelve (12) months. Bank of America employees are not eligible for this offer.

Offer expires on December 31, 2024, and all qualifying activities must be completed within the stated time frames. This offer may not be combined with any other offers. You must meet all requirements of this offer to receive the bonus. Only one Business Advantage Banking account bonus ($200) offer per business owner, regardless of the number of businesses owned or operated by the customer. Bank of America may change or discontinue this offer at any time before this date without notice. Reproduction, purchase, sale, transfer or trade of this offer is prohibited.

Requirements to earn a Business Advantage checking Bonus of $200:

Open a new eligible Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account by December 31, 2024; AND
Deposit $5,000 or more in New Money* directly into your new eligible business checking account within 30 calendar days of account opening; AND
Maintain an average balance of $5,000 or more during the Maintenance Period** into that new eligible Business Advantage Banking account.

*New Money is new funds deposited into your Business Advantage checking account that are not transfers from other Bank of America deposit accounts 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 deposited into the new Business Advantage checking account is not considered new money.

**The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.

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 December 31, 2024. 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 1RS 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 Advantage 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 Advantage checking account within 60 days from the end of your qualifying period.

2

Preferred Rewards for Business Overall Program Rules:

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. 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.

3

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.

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 the 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.

4

Mobile check deposits are subject to verification and not available for immediate withdrawal. Other restrictions apply. In the Mobile Banking app menu, select Menu > Help > Browse More topics > Mobile Check Deposit for details and other terms and conditions. Message and data rates may apply. Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devises.

5

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 with a U.S. checking or savings account and must be made from an eligible Bank of America consumer or business deposit account. Transactions between enrolled users typically occur in minutes and Bank of America does not charge a transfer fee. 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 purchase protection for payments made with Zelle®. Please treat Zelle® payments like cash, once you send the money, you are unlikely to get it back – for example, you do not receive the item you paid for using Zelle® or the item received is not as described. Regular account fees apply. In some circumstances, you may not be able to enroll in Zelle® immediately.

To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution's online or mobile banking experience.

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

6

Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.

7

After an initial 30-day trial period, a monthly service fee of $15 will be assessed for the Remote Deposit Online service. Remote Deposit Online is subject to approval and availability in your area.

You must be enrolled in Business Advantage 360, our small business online banking, to use the Remote Deposit Online service and have an open Bank of America small business deposit account to apply and be approved for enrollment in Remote Deposit Online, and fees will be billed to that account. In addition to monthly service fees, other bank fees associated with your checking account and/or for additional services may apply. See the Business Schedule of Fees available at bankofamerica.com/businessfeesataglance for details. Please also refer to the Deposit Agreement and Disclosures for additional information.

Remote Deposit Online requires a two-year contractual agreement with a $250 early termination fee if canceled by you or Bank of America (including, for example, for more than 12 consecutive months of inactivity) after the initial 30-day trial and prior to expiration of the two-year agreement period.

You may only transmit checks using the service from a Bank-approved capture device that is located with the United States.

8

Our $0 Liability Guarantee means that you're not liable for unauthorized transactions made using our small business debit card, as long as you report them promptly. Notify us within a reasonable time of the unauthorized use or the loss or theft of the card, card number, or PIN and don't share personal or account information with anyone. Certain restrictions apply. Consult the account documents for details.

9

The Monthly Fee for Business Advantage Fundamentals™ Banking will be waived when you meet one of the following requirements during each checking statement cycle:

Maintain a $5,000 combined average monthly balance. You may ask us to link Business Economy Checking, Business Interest Checking, Business Advantage Savings, Business Investment Account, and Business CD’s.
Use your Bank of America business debit card to make at least $250 in new net qualified purchases. Spend $250 or more in new net purchases each statement/billing cycle using a linked Bank of America business debit card. Purchases must post to that card account to qualify. Purchases must be made on only one of the debit card accounts; purchases on any combination of debit cards cannot be aggregated to reach the monthly spend. See Business Schedule of Fees at bankofamerica.com/businessfeesataglance for an explanation of how the monthly fee waiver is applied and how the card spend is determined.
Be a Preferred Rewards for Business member (first 4 checking accounts, per enrolled business).

10

The Monthly Fee for Business Advantage Relationship Banking will be waived when you meet one of the following requirements during each checking statement cycle:

Maintain a $15,000 combined average monthly balance. You may ask us to link the one extra Business Advantage Relationship Banking account that can be included for no additional Monthly Fee with your solution, Business Economy Checking, Business Interest Checking, Business Advantage Savings, Business Investment Account and Business CD accounts.
Be a Preferred Rewards for Business member (first 4 checking accounts, per enrolled business).

11

The Account Management service allows you to establish individual account access levels (including customized access to Bill Pay and Payments and Invoicing) in online banking. You must be enrolled in Business Advantage 360, our small business online banking platform, and have an open Bank of America small business deposit account to be enrolled in Account Management. Fees may apply for additional services. See the Business Schedule of Fees available at www.bankofamerica.com/businessfeesataglance for details. Account Management requires internet access and internet service provider fees may apply.

Deposit products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Business Advantage Fundamentals is a trademark, and the Bank of America logo is a registered trademark of Bank of America Corporation.

MAP6812327

Open a new eligible Bank of America business checking account and qualify for a $200 cash bonus offer1

A business checking account gives you the tools you need to move your business forward

Powerful digital tools

Small Business Specialists

Secure banking

Preferred Rewards for Business

Earn a cash bonus in three steps:

Start by choosing the right checking account for your business:

Business Advantage Fundamentals™ Banking

Options and features of both accounts include

Monthly fee information

Second Business Advantage Banking account

Business Advantage Savings account

Incoming wire transfer fee

Account Management11

Business Advantage Relationship Banking

Options and features of both accounts include

Monthly fee information

Second Business Advantage Banking account

Business Advantage Savings account

Incoming wire transfer fee

Account Management11

About applying online

The information you’ll need to apply

What to expect after applying

Open a new eligible Bank of America business checking account and qualify for a $200 cash bonus offer¹

Account Management¹¹

Account Management¹¹