Side-by-side comparison
Bank of America Business Advantage Fundamentals vs Chase Performance Business Checking comparison on Luminxo. Compare fees, features, and transaction limits to find the right business bank account.
Bank of America · Business Checking
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.
Best for: Established businesses with existing BofA relationships
Chase · Business Checking
Chase Performance Business Checking is designed for mid-sized businesses with higher transaction volumes. Offers 250 free transactions, $20,000 in free cash deposits, and fee waivers on linked savings accounts.
Best for: Mid-sized businesses with moderate transaction volume
| Metric | Bank of America Business Advantage Fundamentals | Chase Performance Business Checking |
|---|---|---|
| Monthly Fee | $16/mo (waivable) | $40/mo (waivable) |
| Free Transactions | 200/mo | 250/mo |
| Min. Opening Deposit | $100 | $0 |
| APY | 0.01% | 0.01% |
| FDIC Insured | Yes | Yes |
| Integrations | 10+ | 12+ |
| Rating | 3.8/5.0 | 4.0/5.0 |
| Feature | Bank of America Business Advantage Fundamentals | Chase Performance Business Checking |
|---|---|---|
| Mobile App | ✓ | ✓ |
| Mobile Deposit | ✓ | ✓ |
| Cash Deposits | ✓ | ✓ |
| Physical Branches | ✓ | ✓ |
| ACH Transfers | ✓ | ✓ |
| International Wires | ✓ | ✓ |
| Accounting Integrations | ✓ | ✓ |
| Sub-Accounts | ✗ | ✗ |
| Invoicing | ✗ | ✓ |
| Debit Card | ✓ | ✓ |
| Check Writing | ✓ | ✓ |
Preferred Rewards program can waive fees and boost credit card rewards. Good for businesses already in the BofA ecosystem.
Best for: Established businesses with existing BofA relationships
Higher transaction and cash deposit limits make this ideal for growing businesses that have outgrown the Complete tier. Fee waiver on up to 8 linked savings accounts.
Best for: Mid-sized businesses with moderate transaction volume
The biggest tradeoffs are monthly fees, free transactions, and the features included. This page compares those factors directly so you can choose the right fit for your business.
Bank of America Business Advantage Fundamentals has the lowest monthly fee in this comparison at $16/mo.
Chase Performance Business Checking has the most features in this comparison with 10 out of 11 tracked features.