Open a business checking account and get exclusive rewards

Offer only available to business owners who receive this offer via a direct communication from a Bank of America Specialist or from a Bank of America communication. This offer is intended for new customers only; your business is 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. Bank of America may change or discontinue this offer at any time before this date without notice.

Between 6/4/21 and 9/30/21 ("Promotion Period") as part of the Preferred Rewards for Business ("Program") 12 - Month Trial Promotion ("Promotion"), the three-month combined average daily business balance requirement to be eligible for program enrollment will be waived. Clients who open an eligible Business Advantage Fundamentals^TM or Business Advantage Relationship Banking account online, are accepting the offer at the time of account opening (“Offer Acceptance”) and will be enrolled to receive Program Gold tier benefits for 12- Months. Offer Acceptance must take place by September 30, 2021. Program Enrollment will take place within 60 days of offer acceptance if you qualify. Benefits become effective within 30 days of your enrollment. Bank of America may change, extend or terminate this offer before this date without notice.

During the Promotion period, the Gold tier combined balance requirement will be waived. When the 12-month Promotion ends, if you meet the requirements for Program eligibility, you will remain in the Program. To meet Program eligibility requirements, or advance to a higher program tier, you must maintain an active, eligible business checking account and a three-month combined average daily balance for a three-calendar-month period 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. Additional program information is available at Preferred Rewards for Business.

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.

Eligibility: The $500 and $750 bonus offers are mutually exclusive: only one bonus ($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 twelve (12) months. Bank of America employees are not eligible for this offer.

Offer expires on September 30, 2021, 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 Business Advantage Banking Bonus Up to $750: 

To earn the $500 bonus:

1. Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account by September 30, 2021; AND

2. Make Qualifying Deposits of $20,000 or more in new money* into your new Business Advantage Banking account within fifteen (15) days of account opening; AND

3. Maintain an average balance of $20,000 during the Maintenance Period** into the new Business Advantage Banking account.

To earn the $750 bonus:

1. Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account by September 30, 2021; AND

2. Make Qualifying Deposits of $50,000 or more in new money* into your new Business Advantage Banking account within fifteen (15) days of account opening; AND

3. Maintain an average balance of $50,000 during the Maintenance Period** into the new Business Advantage Banking account.

The $500 and $750 bonus Business Advantage Banking offers are mutually exclusive: only one bonus (either $500 or $750).

*New money is new funds deposited into your Business Advantage Banking 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 Banking 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.

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 September 30, 2021. 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 Advantage Banking 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 Banking account within 60 days from the end of your qualifying period.

Reproduction, purchase, sale, transfer or trade of this offer is prohibited.

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 Preferred Rewards for Business for a complete list of no-fee banking services.

Only certain credit cards are eligible to receive the program bonus. Enrolled members with eligible cards will receive the program bonus of 25% for the Gold tier, 50% for the Platinum tier, or 75% for the Platinum Honors tier based on program tier and type of reward card. The Preferred Rewards for Business bonus for eligible cash rewards credit cards will be applied after all base and bonus cash rewards have been calculated on a purchase. For example, a $100 purchase that earns 3% ($3.00) will actually earn $3.75, $4.50 or $5.25 based on your tier when the purchase posts to your account. For all other eligible card types, a purchase that earns 100 points will actually earn 125, 150, or 175 points based on your tier when the purchase posts to your account. The Preferred Rewards for Business bonus is not applied to any account opening bonus, if applicable. Other terms and conditions apply. If you have an eligible card, please refer to your card’s Program Rules for details about how you will receive the Preferred Rewards for Business bonus on your business card. Program Rules are mailed upon account opening and are accessible through the rewards redemption site via Business Advantage 360, our small business online banking, or by calling the number on the back of your card. Most Bank of America® branded business credit cards (such as our Cash Rewards, Travel Rewards and WorldPoints Rewards for Business credit cards products) are eligible to receive the program bonus as long as the card account is open and in good standing. Visit Preferred Rewards for Business for a complete list of ineligible cards.

If you are enrolled in the Preferred Rewards for Business program and are a client who has enrolled through Bank of America to receive full service payroll services from ADP® then you are eligible to receive a credit from Bank of America to offset a portion of your payroll product services fees based on your tier status in the Preferred Rewards for Business program as follows: Gold tier: $10, Platinum tier: $15, Platinum Honors tier: $20. Only service fees for the payroll provider’s full service payroll solutions are refund eligible. In addition to the general eligibility requirements, you also must fund your payroll with an eligible Bank of America business checking or business savings account. The payroll service fee credit is typically reflected monthly as a statement credit into the same account you are using to fund payroll as long as you have processed at least one payroll transaction through the account in the last 180 days. The payroll service fee credit is typically processed in the month following the statement cycle in which the fee was assessed. For example, payroll activity in January may result in a statement credit in your March statement. In order to receive this credit, the Bank of America business deposit account where you fund your payroll must be open at the time the credit is applied. Any pending credits forfeit upon account closure.

To be eligible for a credit, clients must have enrolled through Bank of America in Payroll Services on or after December 31, 2015. Intuit QuickBooks® Online Payroll users are not eligible for this benefit. ADP and the ADP logo are registered trademarks of ADP, LLC, used under license. Bank of America does not deliver and is not responsible for the products, services or performance of ADP, LLC or Intuit Inc.

Intuit QuickBooks, and the Intuit logo are registered trademarks of Intuit Inc., used under license.

Bank of America and/or its affiliates or service providers may receive compensation from third parties for clients’ use of their services. Internet access may be required. Internet service provider fees may apply. Other bank fees may apply. Refer to your Business Schedule of Fees for details.

Internet access may be required. Internet service provider fees may apply. Other bank fees may apply. View the Business Schedule of Fees for details.

The Preferred Rewards for Business program savings interest rate booster is only available to members who have a Business Advantage Savings account and who have enrolled in the program. The interest rate booster will be applied to your Business Advantage Savings account after program enrollment. Your enrollment in Preferred Rewards for Business will not automatically convert any other existing savings account type to a Business Advantage Savings account. If your enrollment in the program is discontinued for any reason, the interest rate booster will end.

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. Bank of America and/or its affiliates or service providers may receive compensation from third parties for clients’ use of their services. 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 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.

Mobile Check Deposits are subject to verification and not available for immediate withdrawal. Other restrictions apply. In the Mobile Banking app menu, select Deposit Checks, then Help 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 devices. Message and data rates may apply.

To send or receive money with a small business, a consumer must be enrolled with Zelle with a linked domestic deposit account at a U.S. financial institution that offers Zelle. Small businesses are not able to enroll in the Zelle app and cannot send or receive payments from consumers enrolled in the Zelle app.

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 and must be made from an eligible Bank of America consumer or business deposit account to a domestic bank account or consumer debit card. Recipients have 14 days to enroll to receive money or the transfer will be canceled. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled in Zelle. 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 a protection program for any authorized payments made with Zelle. Regular account fees apply. Payments made between consumers enrolled with Zelle do not typically incur transaction fees. 

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

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

After an initial 30-day trial period, a monthly service fee of $15 will be assessed for the Remote Deposit Online service. You must be enrolled in 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 brochure for additional information. Remote Deposit Online requires a two-year contractual agreement with a $250 early termination fee if canceled after the initial 30-day trial and prior to the two-year agreement period. Internet access may be required. Internet service provider fees may apply. You may only transmit checks using the service from a Bank-approved capture device that is located within the United States.

Our $0 Liability Guarantee means that you're not liable for unauthorized transactions made using your 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.

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

Spend $250 or more in net new purchases each statement/billing cycle using a linked Bank of America business debit card. Purchases must post to that card account to qualify. 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.

You may link a second Business Advantage Relationship Banking, Business Economy Checking, Business Interest Checking, Business Advantage Savings (all variations), Business Investment Account and Business CDs. 

Account Management: The monthly fee for Account Management is $15. However, there is no monthly fee for Account Management with Business Advantage Relationship Banking. You must be enrolled in Business Advantage 360, our small business 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.

Deposit products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Please review the Business Schedule of Fees, available at bankofamerica.com/businessfeesataglance and at your local financial center. Business Advantage Fundamentals is a trademark of Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. Bank of America, N.A., Member FDIC.