All About Bank of America Business Accounts

Bank of America (BoA) is a top financial institution serving individual consumers, small and middle-sized businesses, and large corporations. It offers banking, investment, asset management, and risk management options.

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A Bank of America business account is essential to manage your company’s finances. With over 3 million business customers, Bank of America is a reliable bank with services across the United States and other countries.

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Is BoA Good for Small Businesses? Bank of America is a good option for small and large businesses. It offers two different types of business checking accounts

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Bank of America

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A Bank of America business account includes access to various tools and services, and can be accessed via online and mobile banking. An easy-to-use mobile app is also available for banking anywhere, anytime.

When Is Bank of America a Good Fit for a Business Account? You make large cash deposits monthly: BoA provides low cash deposit fees on both business accounts. Fundamentals banking has a limit of $7,500 per month, while the limit for Relationship banking is $20,000 per month.

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When Is BoA Not the Best Fit for Your Business Account?

Gold To qualify for the Gold level, business owners must have an active business checking account with an average balance of $20,000 over three months. Perks include – A 0.25% discount on the financing interest fee. – Level’s payroll refund full-service fee is $10. – It comes with 25% bonus credit card rewards.

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All About Bank of America Business Accounts

Bank of America (BoA) is a top financial institution serving individual consumers, small and middle-sized businesses, and large corporations. It offers banking, investment, asset management, and risk management options.

A Bank of America business account is essential to manage your company’s finances. With over 3 million business customers, Bank of America is a reliable bank with services across the United States and other countries.

Is BoA Good for Small Businesses? Bank of America is a good option for small and large businesses. It offers two different types of business checking accounts

Bank of America

A Bank of America business account includes access to various tools and services, and can be accessed via online and mobile banking. An easy-to-use mobile app is also available for banking anywhere, anytime.

When Is Bank of America a Good Fit for a Business Account? You make large cash deposits monthly: BoA provides low cash deposit fees on both business accounts. Fundamentals banking has a limit of $7,500 per month, while the limit for Relationship banking is $20,000 per month.

When Is BoA Not the Best Fit for Your Business Account?

You want a business checking account that provides interest: None of BoA’s business checking accounts offer interest. Some institutions, like BlueVine, give a 2% interest on balances up to $100,000.

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