Side-by-side comparison
Bank of America Business Advantage Fundamentals vs Chase Platinum 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 Platinum Business Checking is designed for larger businesses with high monthly transactions and cash management needs. Offers 500 free transactions, $25,000 in free cash deposits, and fee waivers on linked Premier accounts.
Best for: Larger businesses with high transaction volumes and cash management needs
| Metric | Bank of America Business Advantage Fundamentals | Chase Platinum Business Checking |
|---|---|---|
| Monthly Fee | $16/mo (waivable) | $95/mo (waivable) |
| Free Transactions | 200/mo | 500/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 Platinum 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
Highest transaction limits in the Chase lineup with premium cash management features. Fee waiver on linked Premier checking gives flexibility for complex business structures.
Best for: Larger businesses with high transaction volumes and cash management needs
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 Platinum Business Checking has the most features in this comparison with 10 out of 11 tracked features.