Traditional

Bank of America Business Advantage Fundamentals

by Bank of America

Bank of America Business Advantage Fundamentals is a traditional business checking account with 3,800+ branches and 200 free monthly transactions. Preferred Rewards program offers fee waivers and bonus rates.

⭐ 3.8/5.0 (6,200 reviews)10+ integrations
Open Account →FDIC Insured
Monthly Fee$16/mo
Waive Fee With$5,000 balance
Free Transactions200/mo
Overage Fee$0.45/txn
APY0.01%
Min. Opening Deposit$100

Transfer Fees

Domestic Wire$15
International Wire$45
ACH TransferFree

Features

✓Mobile App
✓Mobile Deposit
✓Cash Deposits
✓Physical Branches
✓ACH Transfers
✓International Wires
✓Accounting Integrations
✗Sub-Accounts
✗Invoicing
✓Debit Card
✓Check Writing

Overview

Bank of America Business Advantage Fundamentals is a traditional business checking account with 3,800+ branches and 200 free monthly transactions. Preferred Rewards program offers fee waivers and bonus rates.

Why we like it

Preferred Rewards program can waive fees and boost credit card rewards. Good for businesses already in the BofA ecosystem.

Who Is This For?

Established businesses with existing BofA relationships

Standout Features

  • Preferred Rewards
  • 3800+ Branches
  • Cash Deposits
  • Zelle Business

Pros and Tradeoffs

Pros

  • 3,800+ branches
  • 200 free transactions/mo
  • Preferred Rewards program
  • Strong cash deposit network

Tradeoffs

  • $16 monthly fee
  • Higher minimum to waive fee ($5K)
  • Low interest
  • Transaction fees above 200

Ratings

NerdWallet4.0/5.0
Bankrate3.5/5.0
Total Reviews6,200

Key Integrations

QuickBooksXeroADPSquare

+ 6 more integrations available

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