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

Access powerful digital tools, Small Business Specialists and security all in one place. Plus earn a $200 cash bonus when you make and maintain New Money deposits* in your new eligible business checking account.

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

Tools and resources

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.

People Group

Small Business Specialists

 

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

Security

Secure banking

 

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

Preferred Rewards ribbon

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 make deposits of $5,000 or more in New Money* within 30 days of account opening AND maintain the average balance during the Maintenance Period**

Earn a cash bonus in three steps:

  1. Open a new eligible business checking account by June 30, 2024
  2. Make New Money deposits* within 30 days of opening AND
  3. Maintain the average balance during the Maintenance Period**

*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 with a low monthly fee

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*

*Learn how to avoid fee9

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

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

  1. When your application is complete, you will receive a confirmation email within a couple of hours.
  2. Application decisions are often immediate. (We’ll let you know if any additional information is required).
  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.