Everything You Need To Know About a Bank of America Business Account

Bank of America (BoA) is a top financial institution serving individual consumers, small and middle-sized businesses, and large corporations.

[{"selector":"#anim-21844551-e173-4721-bc9a-64c230a937ce","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c7d990bd-5556-4344-8d4c-fdc6b1e14ff9","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more

A Bank of America business account is essential to manage your company’s finances.

[{"selector":"#anim-828a4437-edd9-48f7-9164-107a60be9433","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fd334731-50b0-4e4e-84ff-f58968db1416","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5823ea8c-7aba-4b99-ba1c-1d00b1ef91ab","keyframes":{"transform":["translate3d(-126.47059%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f9b6cd20-6b89-412d-8023-e9f246673d2e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9faeaf59-28c6-485b-955f-3e6e05058f98","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-c3032fd7-3956-4c75-9ac4-3c490478dc11","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Read more

With over 3 million business customers, Bank of America is a reliable bank with services across the United States and other countries.

[{"selector":"#anim-ca597501-21ed-4be6-89b4-da745c4cf0c6","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fdaa64af-d39a-43e9-a5bd-a11be4c9337b","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a7085796-2bf6-45a8-b9d7-3e4de78768f6","keyframes":{"transform":["translate3d(-131.62056%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e4d02b0-e225-4438-8182-8a03c06ec2fc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22d7e09e-d464-45dc-8c8f-def30d596944","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-fdb6b82e-b35e-4c3b-a6f4-7d3acdbfe08a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Read more

Bank of America is a good option for small and large businesses. It offers two different types of business checking accounts.

[{"selector":"#anim-ff71ae48-4f44-469d-8117-d593817557b5","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3a599173-fb94-44c2-81b2-79f9a736b1d0","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-12554c24-7f53-4329-ad6a-79ab58304e14","keyframes":{"transform":["translate3d(-130.23256%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c06c8ce-6569-4938-ab7e-329f32a528ee","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0796cbf5-ba1e-4572-af76-c0b94467e2ed","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-252a6668-2874-4b58-8c70-5fcae4ba0bb5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e1d7d40-ef48-466d-a3de-e00d10f047e7","keyframes":{"transform":["translate3d(140.88889%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6aaa8562-b1bd-47cd-a1d5-fd80d6c1643e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e0e6803-64a0-407a-b26b-5a579714998f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read more

You make large cash deposits monthly: BoA provides low cash deposit fees on both business accounts.

[{"selector":"#anim-a4f677ff-c140-413e-8432-8bbe8cc69652","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4b1b28ef-f09f-47bb-bbdc-ea33a0c51bec","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-18272747-1253-41c3-ad2f-854acc27b38b","keyframes":{"transform":["translate3d(-138.68312%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c669b38e-8a3e-4d99-8975-fd5a6f27b3ae","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-780a7ca5-3119-445f-b20c-bf03ace7897c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-d961d950-8648-4de5-8953-8182850b30b2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-13a48331-8595-4fce-aff7-def5b14df7ee","keyframes":{"transform":["translate3d(143.11111%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-673db9c6-1693-4de5-a5fc-d024d428e5a1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db56e82d-ecb0-4b78-808c-8b5d7d26c9dc","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read more

You want a business checking account that provides interest: None of BoA’s business checking accounts offer interest.

[{"selector":"#anim-ae173845-3a6a-4e0e-9a5a-4967df91d657","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-93914a40-d8c9-4e27-a438-3aaadaee5bd2","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8c0cf149-da47-4652-aa83-13530ed05edc","keyframes":{"transform":["translate3d(-133.07086%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8fc4c0d2-dded-4286-948b-ba56d0e66fb5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce789987-71ef-4f61-a948-250e01f3b24b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-d0151996-499a-49ca-aabc-42c1c622adf2","keyframes":{"transform":["translate3d(141.77777%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5489b4a5-100d-48ee-8554-f17b169e4abd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3fad5fb3-f407-4344-b289-06f65623106b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-7e3a0b5d-47b3-4d24-94a8-5eddf514ab6c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Read more

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.

[{"selector":"#anim-f702b297-feee-407c-abdd-f658f2478dde","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7b3c3dec-b7bd-43ac-a3e1-75b70c4763da","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-2253b9de-dc8b-485a-ada3-60690084e284","keyframes":{"transform":["translate3d(126.10294%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ee8d753-b1ec-45b9-b33b-5f3623c4664c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a791b264-0bca-4a00-b806-f87ce1b8adf3","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-ba81bf6a-2b35-481b-a438-e4dc56837512","keyframes":{"transform":["translate3d(122.61484%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7a09a2a1-1f14-4833-ba08-2d4e39d95421","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-212b5bda-5442-47e4-b3c5-ce57f1172aaf","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read more

If you’re eyeing the Platinum level, you must have a BoA business checking account with an average $50,000 balance over three months.

[{"selector":"#anim-9cda4a39-8312-4abb-86ce-98e65e537b72","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9a872b9d-13d9-431d-a8fb-d57ca5eafc2c","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-21a8ae8c-ebcc-4e03-83dc-ba44ab9d0ffc","keyframes":{"transform":["translate3d(-130.58824%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-27d2fd85-d0e4-4b93-9dc6-6d3ea8cb1ea5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4c9fc532-2131-41e9-a1f6-72b3bfd08001","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-4e2b2c3c-0183-4bf4-8910-b8c4823712a6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eb411408-cc15-4093-9c78-6bfee94eb862","keyframes":{"transform":["translate3d(121.90812%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c4affadc-c456-484a-8c6e-0ce170172232","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9ff423fe-97cc-4d20-b772-545fd2525528","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read more

Finally, for the highest reward level, you’ll need an active business checking account with an average $100,000 balance over three months.

[{"selector":"#anim-96a55218-24f0-4382-8a4b-b749f1a92975","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-79d85b87-602c-4810-9520-20a6488714a5","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-3a727b16-26be-4c15-bda6-1e9eaa42c664","keyframes":{"transform":["translate3d(-130.53436%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b2cde3e-b4a4-4104-934c-3740fc0e25ef","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f508825f-0f81-4376-8173-70612d4db7b9","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-b3158e73-50a4-430a-9be0-06fed9847bbc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a732944f-db8e-42bc-9e21-c3ee666c0944","keyframes":{"transform":["translate3d(122.26148%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7d521118-5922-41fa-828d-a6f7b67e13ce","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d961a4c7-9ed4-409f-b4d9-4087c6d51420","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read more

Swipe Up To Read More

[{"selector":"#anim-73a912fc-5742-4a97-9bb6-31d0e2c892b5","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-24d6a23f-d629-49f3-b682-224c2cb6ce4c","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more

Everything You Need To Know About a Bank of America Business Account

Bank of America (BoA) is a top financial institution serving individual consumers, small and middle-sized businesses, and large corporations.

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.

Bank of America is a good option for small and large businesses. It offers two different types of business checking accounts.

Is BoA Good for Small Businesses?

You make large cash deposits monthly: BoA provides low cash deposit fees on both business accounts.

When Is Bank of America a Good Fit for a Business Account?

You want a business checking account that provides interest: None of BoA’s business checking accounts offer interest.

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

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.

Gold

If you’re eyeing the Platinum level, you must have a BoA business checking account with an average $50,000 balance over three months.

Platinum

Finally, for the highest reward level, you’ll need an active business checking account with an average $100,000 balance over three months.

Platinum Honors

Swipe Up To Read More

Read More