Bank of America is one of the largest banking institutions in the United States.
Founded in 1904, it now serves over 67 million consumer and small business clients around the world. The company offers a wide range of product and services, such as checking and savings accounts, investments, mortgages, loans, and access to global banking and financial markets.
Bank of America® Business Advantage Banking Bonus Offer
Bank of America is running a $200 bonus offer when you open an eligible Business Advantage Banking account and meet all requirements.
Note: The $200 bonus is an online only offer and must be opened through the Bank of America promotional page.
The offer expires 12/31/2025 and is for new eligible business checking customers only.
To qualify, deposit $5,000 or more in New Money* directly into a new eligible Bank of America Business Advantage Banking account within thirty (30) days of account opening. You’ll then need to maintain an average balance of $5,000 in that new Business Advantage Banking account during the Maintenance Period**. Once all requirements are met, Bank of America will attempt to pay the bonus within 60 days.
*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) calendar days after account opening and ends ninety (90) calendar days after account opening.
Additional terms and conditions apply. See offer page for more details.
You are not eligible for this offer if you were an owner or signer on a Bank of America Business Advantage checking account within the last twelve (12) months. Bank of America, N.A. Member FDIC.
About Bank of America Business Advantage Banking
Bank of America® Business Advantage Banking is a checking account that separates your business and personal accounts, making it easier to track business expenses.
You’ll also get 24/7 security and can easily access Bank of America at thousands of financial centers and ATMs.
It comes with 2 options allowing you to pick the one that works best for you: Bank of America Business Advantage Fundamentals™ Banking or Bank of America Business Advantage Relationship Banking.
Bank of America Business Advantage Fundamentals™ Banking
With a Business Advantage Fundamentals™ Banking account, you get essential digital tools to help you manage your business with a low monthly fee.
You’ll have access to Business Advantage 360 online and mobile tools including: Cash Flow Monitor, Mobile Check Deposit, Remote Deposit Online and access more.
There is a minimum opening deposit of $100 and no monthly fee for the first 12 statement cycles. After that, there’s a $16.00 monthly maintenance fee. This fee can be waived if you maintain a $5,000 combined average balance, spend at least $500 in new net purchases on your business debit card or become a member of Preferred Rewards for Business.
There’s no fee for the first 20 transactions per statement cycle or the first $5,000 in cash deposited per statement cycle at an ATM or Financial Center.
Bank of America Business Advantage Relationship Banking
Bank of America Business Advantage Relationship Banking is a more comprehensive business checking account.
You’ll get all the same benefits as the Business Advantage Fundamentals™ Banking account, with a few added perks: including one extra Business Advantage Relationship Banking account and one Business Advantage Savings account for no additional monthly fee.
You’ll also pay no fees for incoming wires, stop payments, electronic deposits and more.
Unlike the Business Advantage Fundamentals™ Banking account which comes with up to 20 transactions per month, you’ll receive up to 500 transactions per month with Bank of America Business Advantage Relationship Banking. There’s no fee for the first $20,000 in cash deposited per statement cycle at an ATM or Financial Center.
