bank of america business

Bank of America, the country's second largest bank by assets, saw both those dynamics at play in its businesses. Profits dropped 35% to $17.9 billion as the. Welcome to Bank of America Store. Choose your login option. Corporate orders. International orders · Personal orders. Karen Fang's ascent at Bank of America Corp. puts her at center stage as the lending giant mobilizes some $1.5 trillion over the next decade.

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Bank of America Business Checking: 2021 Review

Bank of America offers two small-business checking accounts: Business Advantage Fundamentals™ Banking and Business Advantage Relationship Banking (formerly Business Fundamentals Checking and Business Advantage Checking).

With 4,300 branch locations across 37 states, plus Washington, D.C., Bank of America’s business accounts are digital-friendly options for small-business owners who want some access to in-person banking.

Moreover, Bank of America business checking stands out among national and regional brick-and-mortar-based competitors by offering unlimited fee-free electronic transactions, high cash deposit limits and three different ways to open an account.

» MORE:The best business checking accounts

Bank of America business checking is best for small-business owners who:

  • Want to be able to do some of their business banking in person.

  • Don’t mind paying a monthly fee or can qualify to waive it.

  • Operate a cash-heavy business.

  • Would like to take advantage of additional banking or financial services from their bank in the future.

Pros and cons

Pros

  • Unlimited fee-free electronic transactions.

  • Access to 17,000 Bank of America ATMs and 4,300 branch locations across the U.S.

  • High cash deposit limits: $7,500 per month fee-free for Business Advantage Fundamentals and $20,000 per month fee-free for Business Advantage Relationship.

  • Includes Business Advantage 360 online banking platform, with mobile banking, integrated cash-flow monitoring tool, bill pay and mobile check deposit.

  • Three ways to apply for an account — online, over the phone or at a branch location.

Cons

  • No free business checking account option.

  • Fees for withdrawals at non-Bank of America ATMs: $2.50 for U.S. ATMs, $5 for international ATMs (ATM owner may charge an additional fee).

  • Fees for outgoing wire transfers not available online.

Bank of America business checking at a glance

Business Advantage Fundamentals Banking

Business Advantage Relationship Banking

$16 (waived with a $5,000 combined average monthly balance or by spending $250 in net new qualifying purchases on a business debit card)*

$29.95 (waived with a $15,000 combined average monthly balance)*

Minimum opening deposit requirement:

Rates vary based on your location.

Unlimited fee-free electronic transactions (ACH, debit card transactions, electronic debits, deposits made with mobile check deposit, remote deposit online or at a Bank of America ATM).

Up to 200 fee-free non-electronic transactions (checks paid, other debits, deposited items), then 45 cents per item.

Unlimited fee-free electronic transactions.

Up to 500 fee-free non-electronic transactions, then 45 cents per item.

Up to $7,500 free, then 30 cents per $100 deposited.

Up to $20,000 free, then 30 cents per $100 deposited.

No fees for stop payments, incoming wires, check image service, copies of checks and statements, ATM/debit card replacements.

No fee for online account management services.

No fee for introductory check package with checks, deposit slips and endorsement stamp.

One Business Advantage Relationship Account and one Business Advantage Savings account available for no additional monthly fees.

*You can also waive the monthly fees on either of these accounts by becoming a member of Bank of America’s Preferred Rewards for Business program. To be eligible, you must have an active Bank of America business checking account and a three-month combined average daily balance of $20,000 or more in qualifying Bank of America business deposit accounts and/or Merrill business investment accounts.

Additionally, for both the Business Advantage Fundamentals and Business Advantage Relationship accounts, Bank of America will waive the monthly fee for the first three months after you open your account — assessing the fee once your third statement cycle closes.

How Bank of America business checking works

Account options: Bank of America offers the Business Advantage Fundamentals Banking and Business Advantage Relationship Banking accounts — formerly known as Business Fundamentals Checking and Business Advantage Checking, respectively.

In addition to these two core options, the bank offers the Full Analysis Business Checking account for businesses with high balances and greater cash management needs, as well as a Public Service Trust Account.

Location availability: Bank of America has 4,300 branch locations and 17,000 ATMs across 37 states, plus Washington, D.C. The bank does not have branches or ATMs in the following states: Alabama, Alaska, Hawaii, Louisiana, Mississippi, Montana, Nebraska, North Dakota, South Dakota, Vermont, West Virginia, Wisconsin and Wyoming.

Unlike some brick-and-mortar banks, however, your business does not have to be located in a state with a Bank of America branch in order to be eligible for a business checking account. In fact, you can use the Bank of America website to check fee and rate information for any of the 50 states, plus Washington, D.C.

How to apply: Apply for a Bank of America business checking account by completing and submitting an application online, over the phone with a small-business banking representative or in person at a branch location.

  • Required information:

    • Basic details about yourself and your business including your Social Security number, date of birth, legal business name, the date your business was formed, employer identification number and state of business formation.

    • Bank of America also requires basic personal information (including date of birth and Social Security number) for all owners with 25% or more ownership in the business, as well as any controlling managers (e.g., chief financial officer, managing member).

  • Required documentation:

    • Business formation document (varies based on your entity type) and one form of government-issued ID for you, all owners with 25% or more ownership in the business and any controlling managers.

    • If your business is operating using a DBA, or "doing business as," a fictitious name, trade name or assumed name, Bank of America requires that you provide the applicable certificate that shows your business’s adopted name.

    • If you apply for a Bank of America business checking account online, you will send your supplemental documents to the bank by fax or email after you’ve completed your application. You have 11 days after submitting your online application to send your documents before your application will be declined and you will need to resubmit. Once Bank of America has received both your application and supporting documents, your account could be approved and opened in as little as 24 hours.

» MORE:What you need to open a business bank account

Next steps: After your account has been approved, you can make your opening deposit by transferring money from an existing Bank of America account or from another bank, as well as by using a Visa or MasterCard debit card, check or money order. You also can sign up for online banking, download the Bank of America mobile app and start managing your account.

If you ordered a business debit card or checks with your initial application, you should expect to receive them within five to seven business days. Additionally, you can request a debit card for yourself, as well as your employees, by signing into online banking, calling Bank of America small-business customer service or by visiting a branch location.

Where Bank of America business checking stands out

Unlimited fee-free electronic transactions: Both of the Bank of America business checking accounts offer unlimited fee-free electronic transactions, including ACH transactions, debit card transactions, electronic debits and deposits made using mobile check deposit, remote deposit online or at a Bank of America ATM.

With this feature, Bank of America business checking stands out among brick-and-mortar competitors in particular, as most traditional banks have a set monthly limit that encompasses both electronic and non-electronic transactions.

Cash deposits: The Business Advantage Fundamentals account includes up to $7,500 in fee-free cash deposits, and the Business Advantage Relationship account includes up to $20,000 in fee-free cash deposits per month.

Compared to other base-tier business checking accounts, the $7,500 threshold of the Business Advantage Fundamentals account stands out among brick-and-mortar competitors. For example, the Chase Business Complete Checking℠ account, Wells Fargo Initiate Business Checking account and Capital One Spark Basic Business Checking account each have a fee-free cash deposit limit of $5,000.

In addition, although the $20,000 threshold of the Business Advantage Relationship account matches that of second-tier business checking offerings from national brick-and-mortar competitors like Chase, Wells Fargo and Citibank, it exceeds that of other competitors such as U.S. Bank and Huntington Bank.

Digital tools: The Bank of America business checking accounts provide access to digital tools including Zelle, Cash Flow Monitor and Business Advantage 360 — Bank of America’s small-business online banking platform.

With Business Advantage 360, you can view and manage statements and transactions, pay bills, download activity to QuickBooks and customize account alerts. Additionally, enrolling in online banking grants you access to mobile banking, which includes the ability to deposit checks, request transfers, pay bills and monitor pending transactions.

Moreover, online banking comes fully integrated with the Cash Flow Monitor tool, which allows you to track credits and debits, get cash flow projections based on scheduled transactions and receive support from small-business specialists. You can also connect third-party apps to your Cash Flow Monitor dashboard, including ADP, QuickBooks Online, Google Workspace, Google Analytics, Expensify and TurboTax.

Suite of small-business services: If you’d prefer to use the same bank for your future financial needs, Bank of America provides a variety of additional products for small-business owners, including business savings accounts, payment processing, credit cards and business loans.

Moreover, if you join the Bank of America Preferred Rewards for Business program, you can receive discounts on other services the bank offers, as well as waive the monthly fees for either the Business Advantage Fundamentals or Business Advantage Relationship account.

As an example, entry-level Preferred Rewards members can access a 25% rewards bonus on eligible business credit cards, a 5% interest rate booster on Business Advantage Savings accounts and a 0.25% interest rate discount on new Business Advantage credit lines, term loans and secured lending.

» MORE:The best banks for small-business loans

Where Bank of America business checking falls short

Monthly fees: Both Bank of America business checking accounts have monthly fees — $16 or $29.95 — for the Business Advantage Fundamentals and the Business Advantage Relationship accounts respectively.

Although each account provides a few ways to waive these fees, there are both online and brick-and-mortar competitors that offer free business checking accounts if you don’t want to meet those requirements or have to budget for these fees on an ongoing basis.

Additional fees: On top of monthly fees, there are certain instances where you’ll face additional fees with your Bank of America business checking account. Bank of America charges fees for withdrawals at non-Bank of America ATMs —$2.50 for U.S. ATMs and $5 for international ATMs — plus, the owner of the ATM may charge an additional fee.

Bank of America also charges a $35 fee for overdrafts, as well as varying fees for outgoing wires. It’s also important to note that while Bank of America waives fees for stop payments, incoming wires, check image service, copies of checks and statements and ATM and debit card replacements for Business Advantage Relationship account holders, these services all have associated fees for Business Advantage Fundamentals account holders.

Although these types of fees are not uncommon with business checking accounts, especially those from brick-and-mortar banks, you may be able to find alternative options with fewer fees.

Compare business checking accounts

Bank of America Business Advantage Fundamentals™ Banking
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.

Read review

Chase Business Complete Banking℠
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
LendingClub Tailored Checking
NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
BlueVine Business Checking
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.

Monthly fee

$16 for Business Advantage Fundamentals, $29.95 for Business Advantage Relationship.

Monthly fee

$15 (multiple ways to waive)

Monthly fee

$10 (waived with balance of $5,000+)

Minimum opening deposit requirement

$100

Minimum opening deposit requirement

$0

Minimum opening deposit requirement

$100

Minimum opening deposit requirement

$0

APY

0.10% on balances of $5,000+

APY

0.60%on balances up to $100,000

Transactions

Business Advantage Fundamentals: Up to 200 fee-free transactions, then 45 cents per item.

Business Advantage Relationship: Up to 500 fee-free transactions, then 45 cents per item.

Unlimited fee-free electronic transactions for both accounts.

Transactions

Unlimited electronic deposits; 20 free teller and paper transactions per month.

Transactions

Unlimited fee-free transactions

Transactions

Unlimited fee-free transactions

Bonus

$300 sign-up bonus (with qualifying activities)

Источник: https://www.nerdwallet.com/article/small-business/bank-of-america-business-checking

Bank of America Adds New Cash-Back Business Credit Card

Bank of America has added a new cash-back credit card to its lineup of business credit cards. The Business Advantage Unlimited Cash Rewards credit card offers a flat rewards rate on every purchase, along with some other features standard on many cash-back business credit cards. Select Bank of America customers can get a higher rewards rate.

Key Takeaways

  • The new Business Advantage Unlimited Cash Rewards credit card offers business owners who prefer Bank of America an option that doesn't involve keeping track of bonus categories.
  • The card offers a decent, 1.5% rewards rate and $300 welcome offer, with the opportunity to earn more rewards for select Bank of America customers.
  • For most small business owners, however, the card doesn't stand out enough to warrant applying.

Bank of America Business Advantage Unlimited Cash Rewards Credit Card Details

The new Business Advantage Unlimited Cash Rewards card offers a flat 1.5% cash back on every purchase you make, a rewards rate that falls short of the 2% gold standard.

However, if you're a Preferred Rewards for Business member, you could earn 25%, 50%, or 75% more cash back on every purchase you make, up to a maximum of 2.62% back, which is hard to beat.

In order to qualify for the Preferred Rewards program, you must have an active Bank of America business checking account and a three-month combined average daily balance of $20,000 or more across your Bank of America business deposit accounts and Merrill Lynch business investment accounts.

The $20,000 minimum qualifies you for 25% bonus cash back, and you'll get 50% or 75% if you have at least $50,000 or $100,000 in combined balances, respectively.

Beyond that, the card also offers a $300 statement credit when you spend $3,000 or more in the first 90 days from account opening, plus an introductory 0% APR on purchases for the first nine billing cycles. After that, the variable APR jumps to between 12.24% and 22.24%, depending on your creditworthiness.

The card has no annual fee.

Who Should Consider This New Card?

The new Business Advantage Unlimited Cash Rewards credit card doesn't make sense for most small business owners, who can get a higher flat rewards rate—or even bonus rewards rates—with a different card.

However, if you're all-in with Bank of America and keep enough money on deposit to qualify for the Preferred Rewards for Business program, you could earn up to 2.62% back on all of your purchases, which might make it worthwhile.

As with any business financing decision, it's important to shop around and compare multiple cards to find the best fit for your and your company's needs. Investopedia publishes regularly updated ratings of the best business credit cards for different types of users.

Источник: https://www.investopedia.com/bank-of-america-adds-new-cash-back-business-credit-card-5206922

ADP® + Bank of America

The Future Digital BackofficeThe Future Digital Backoffice

Bank of America is proud to collaborate with the payroll experts at ADP®, trusted by nearly 700,000 small businesses in the country. ADP’s small business payroll solution, RUN Powered by ADP®, is designed to help you transform how great work gets done.

Small Business Payroll and HR Options for Companies of all Sizes

Do it yourself payroll

Perfect for small businesses and startups with basic payroll needs.

Suited for businesses with less than 10 employees

Learn More

Full service payroll & HR solutions

Perfect for growing small businesses looking for flexible solutions around HR, recruiting, time and more.

Scalable offerings for small businesses of all sizes

Learn More

As a small business owner, we know your time is valuable. RUN Powered by ADP is the most complete payroll solution that allows you to save administrative time and lets you focus on attaining your dreams.

Expert support that has your back

  • Process payroll and file taxes in just a few simple steps
  • Small business customer support via chat, email or phone
  • Mobile and desktop access anytime anywhere
  • Help manage compliance challenges to state and federal payroll tax and wage laws
icon arrows pointing to dollar symbol

Get Bonus Rewards!

As a Bank of America client enrolled in Preferred Rewards for Business*, you can get up to $20 monthly credit from Bank of America for using ADP as your payroll provider. Your bonus rewards are based on your enrolled tier – Gold $10, Platinum $15 or Platinum Honors $20.

Do it yourself payroll

Perfect for small businesses and startups with basic payroll needs.

Suited for businesses with less than 10 employees

Learn More

Full service payroll & HR solutions

Perfect for growing small businesses looking for flexible solutions around HR, recruiting, time and more.

Scalable offerings for small businesses of all sizes

Learn More

Источник: https://www.adp.com/diy-payroll/sbs-ms-boa.aspx

Bank of America Hours

Banking / Banks

Bank of America retail location in Raleigh, NC

Sharkshock / Shutterstock.com

Bank of America is one of the world’s largest financial companies, with about 66 million consumer and small business customers. Its abundance of brick-and-mortar locations and banking resources landed them a spot as one of GOBankingRates’ best national banks of 2021.

Read on to find out when Bank of America branches are open for business:

Bank of America Hours for Normal Days

Bank of America hours vary by branch, so if you’re planning on making a trip to a branch, your best bet is to search for your nearest Bank of America location online and verify the hours it’s open. During the pandemic, many Bank of America branches are operating on reduced opening hours to allow for additional cleaning and others are temporarily closed, so be sure to check the hours before heading out to a financial center.

Before the pandemic, Bank of America was typically open on weekdays from 9 a.m. to 5 p.m. or 6 p.m. During the pandemic, some branches are opening later at 10 a.m. and closing earlier at 4 p.m.On Saturdays, its hours usually follow a schedule of either 9 a.m. to 2 p.m. or 10 a.m. to 2 p.m., though some branches are closed on Saturday. ATMs are open 24 hours a day, seven days a week.

Is Bank of America Open 7 Days a Week?

Most Bank of America locations are open six days a week, Monday through Saturday. If you need to do any banking on a Sunday, you’ll have to make do with an ATM or by using your online account or mobile app.

Is Bank of America Open on the Weekends?

Most Bank of America branches are open on Saturday, but not all are. Be sure to check your local branch online or by phone to find out its Saturday hours. No Bank of America locations are open on Sunday. Keep in mind that Bank of America ATMs are open 24 hours and you can perform many of the same banking tasks at an ATM as you can in a financial center, such as deposits and cash withdrawals.

Bank of America Hours for Holidays

Bank of America holiday hours follow the same schedule as most other national banks, which means branches are closed on federal holidays. Use this table to find out Bank of America’s holiday closings in 2021:

Bank of America Holiday Schedule 2021
New Year’s Day — Jan. 1Closed
Martin Luther King, Jr. Day — Jan. 18Closed
Valentine’s Day — Feb. 14Open
Presidents’ Day — Feb. 15Closed
St. Patrick’s Day — March 17Open
Memorial Day — May 31Closed
Independence Day — July 4*Closed*
Labor Day — Sept. 6Closed
Columbus Day — Oct. 11Closed
Halloween — Oct. 31Closed
Veterans Day — Nov. 11Closed
Thanksgiving Day — Nov. 25Closed
Black Friday — Nov. 26Open
Christmas Eve (daytime) — Dec. 24Open
Christmas Day — Dec. 25Closed

July 4 falls on a Sunday this year, so Bank of America branches will be closed on that day. If a holiday falls on a Sunday, branches typically close the following Monday. This year, they will be closed on July 5th to observe the holiday.

How To Bank With Bank of America Outside of Business Hours

If you’re in need of banking services outside of Bank of America’s normal business hours, you can still handle certain tasks. Visit a Bank of America ATM to check your balance, d6posit checks, deposit cash and withdraw cash. You can also use your online account or mobile banking app to check your account balances, deposit checks, make transfers, pay bills and more. The virtual assistant, Erica, should be able to answer any questions you may have.

Bank of America Contact Information

To receive customer service assistance for checking and savings account issues — including general account information, reporting a lost or stolen debit card and opening an account — call these numbers:

  • 800-432-1000 for U.S. callers
  • 1-315-724-4022 for international callers
  • 800-688-6086 for Spanish-speaking callers

Customer service agents are available Monday through Friday from 8 a.m. to 11 p.m. EST. On weekends, hours are 8 a.m. to 8 p.m. EST.

You can also reach out to Bank of America on Twitter @BofA_Help, or privately message them on Facebook.

For any other issues, visit Bank of America’s website for the appropriate contact information.

Information accurate as of Sept. 29, 2021.

About the Author

Levi joined GOBankingRates in 2019. He's found success in financial, political and military lifestyle writing, with work appearing on MSN, Yahoo Finance, OurMilitary.com and more. With a background in narrative writing, he enjoys turning interesting conversations into impactful content.

Источник: https://www.gobankingrates.com/banking/banks/bank-of-america-hours/

Bank of America profit beats on strength across businesses

Oct 14 (Reuters) - Bank of America Corp (BAC.N) beat estimates for third-quarter profit on Thursday, boosted by strong growth across its businesses which executives said they expected to continue next quarter.

Growth in loans and leases, higher spending on credit and debit cards, and strong equity-trading and M&A activity helped the bank record a 64% rise in earnings.

Net interest income (NII), which measures how profitably a bank can lend out depositors' funds, rose nearly 10% to $11.09 billion. Bank of America's NII hit a low in the third quarter last year, but executives said they were optimistic it would continue to rise this year and next.

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"We are expecting modest NII growth from the third quarter to the fourth quarter," the bank's Chief Financial Officer Paul Donofrio said. "(It) is going to depend on loan-to-deposit growth, and we expect both of those to continue to grow, consistent with a growing economy.

"One could expect, I think, robust improvement in NII in ... the full year 2021 versus the full year 2022."

Average loans and leases, excluding those from the government-backed Paycheck Protection Program (PPP), grew by 2.3% in the third quarter from the prior quarter, although that figure fell 4.3% from last year.

Still, nearly every loan product grew some in the quarter, and the bank issued around 1 million more credit cards, further fueling that growth.

"We had loan growth in every loan product at the company. It was very broad based," "We are optimistic about future growth."

BofA shares were up nearly 2.5% in mid-morning trading.

Combined spending on credit and debit cards was up 21% to $201 billion in the quarter, the bank said.

Revenue from its equities division rose 33%, driven by growth in client financing activities and strong trading performance.

The second-largest U.S. bank by assets released reserves of $1.1 billion in the quarter. It had set aside tens of billions of dollars last year to cover possible loan defaults, which it has steadily been releasing as the economic outlook improves.

Bank of America's revenue jumped 12% to $22.8 billion.

Net income applicable to common shareholders rose to $7.26 billion, or 85 cents per share, for the quarter ended Sept. 30 from $4.44 billion, or 51 cents per share, a year earlier.

Analysts on average had expected a profit of 71 cents per share, according to the IBES estimate from Refinitiv.

Register now for FREE unlimited access to reuters.com

Reporting by Niket Nishant in Bengaluru and Elizabeth Dilts Marshall in New York; Editing by Anil D'Silva and Emelia Sithole-Mataris

Our Standards: The Thomson Reuters Trust Principles.

Источник: https://www.reuters.com/business/finance/bank-america-profit-surges-reserve-release-boost-2021-10-14/

Bank of America Foundation Donates $75K to NJSBDC Network

On Nov 24, 2021

America’s Small Business Development Centers, also known as the NJ Small Business Development Center (NJSBDC) network, has received $75,0000 from the Bank of America Charitable Foundation. This award, which stems from Bank of America’s economic opportunity initiative, reinforces a mission shared by the NJSBDC Network. The NJSBDC uses the funds to increase outreach and continue offering “credit clinics”, credit training, and business counseling for business owners experiencing social and economic disparities.

The NJSBDC has received the grant for over 10 years, signaling the continued shared dedication of both institutions. Kelly Brozyna, the CEO and state director of the NJSBDC Statewide Network, shared that, “We are honored to partner with Bank of America on this very important cause.”

Referencing the added importance of assistance during a time of greater financial strain, Brozyna added that “many businesses have been negatively impacted by the pandemic, especially those already suffering from issues of inclusion and racial inequality. Partnering with Bank of America helps us reach the businesses that need the right information and guidance to propel their businesses forward. We live for helping NJ’s businesses succeed, and we’re very happy that Bank of America is on this journey with us.”

Alberto Garofalo, president, Bank of America New Jersey, expressed news of the initiative and the support for the NJSBDC’s goals, noting that, “For years, Bank of America has worked with nonprofit partners, elected officials, business and civic leaders, and others across New Jersey to help drive economic opportunity and upward mobility. Recently, we announced a $1.25 billion, five-year commitment to help advance racial equality and economic opportunity in our communities,” adding that “Our support of NJSBDC and its work to advance local small businesses is an important down payment on that commitment as we work together to promote racial justice, advocacy, and equality for people and communities of color.”

The resources offered by the NJSBDC are the fundamentals that help small and mid-sized businesses create processes and strategies to succeed, a much-needed service, particularly for many women-owned, minority-owned, veteran-owned, and other economically disadvantaged business owners. The funds allow for continued service to the business community, targeting business equality, equity, opportunity, and responsible growth, all key factors for business success.

Because the NJSBDC counts on partnerships such as this one to continue its mission, it is enthusiastic for this continual support to continue its dedication to businesses that are often missing the resources. Whether it’s how to get started, understanding the credit process, or leveraging and scaling up, the NJSBDC training and counseling will carry on with their support so that small and mid-sized businesses can move forward and drive their business goals to the next level.

To access more business news, visit NJB News Now.

Related Articles:
Источник: https://njbmagazine.com/njb-news-now/bank-of-america-foundation-donates-75k-to-njsbdc-network/

Is Bank of America Going Out of Business?

Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. Since then, Bank of America has become the second-largest banking institution in the U.S. after JPMorgan Chase. Bank of America is also the eighth-largest bank in the world. So, why is the second-largest bank in the U.S. locking the doors on so many of its branches?

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bankamericaclosed

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Bank of America website outage

In addition to struggles amid the COVID-19 pandemic, Bank of America customers reported a website and app outage at the beginning of October 2021. The beginning of the month is a crucial time because many people's bills are due. The outage impacted thousands of customers using Bank of America digital banking.

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Why are so many Bank of America branches closed right now?

When the COVID-19 pandemic started, it wasn't unusual for people to walk up to their local bank and discover that the doors were at least temporarily locked. 

Colleen Haggerty, senior vice president of media relations for Bank of America, spoke about the temporary closures early on. According to Haggerty, "These temporary closures occur in areas where foot traffic is low, or when staffing is not sufficient for all to remain open...When a center closes, we work to reopen it as soon as possible...Clients also always have the ability to transact most financial needs through our ATM network, mobile and online banking."

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Days turned into weeks, which turned into months and many banks remained closed to the public. Six months later, many local Bank of America branches across the U.S. are still closed. Consumers want to know if their money is still safe. 

bankamericaclose

Source: iStock

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Is Bank of America going out of business?

Bank of American hasn't made any announcements regarding its imminent closure. In fact, the bank's website shows a clear desire to keep its customers connected during this time. Bank of America wants to devote all of the necessary resources to help ensure clients' and staff members' personal safety while maintaining all of its banking services. 

Most of Bank of America's staff members have been working from home. At the height of the COVID-19 pandemic, 150,000 Bank of America employees worked from home, which is about 72 percent of its total workforce. As branches open, more workers are returning to the field. However, like many companies that deal with the public, Bank of America is being cautious about how many employees and customers are allowed in its brick-and-mortar locations. 

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How Bank of America responded to the COVID-19 pandemic

Bank of America was been very responsive to the COVID-19 pandemic. The company shifted 72 percent of its total workforce to a work from a home model and pledged a robust $100 million commitment to support communities facing challenges due to the COVID-19 outbreak. Most of the funds were used to increase medical response capacity, address food insecurity, and boost access to learning in the wake of nationwide school closures.

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Bank of America CEO Brian Moynihan said that the bank won't have layoffs during the COVID-19 pandemic. Morgan Stanley and Citigroup also promised not to have layoffs during the coronavirus outbreak. With several banks closing up and moving to an all-digital model, time will tell if Moynihan is able to keep his word. 

bankamericaclose

Source: iStock

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Has the COVID-19 pandemic impacted the way banking is done?

Many traditional banks are under pressure to move to an all-digital model or at least a mostly-digital one. Some people will always prefer to deal with cash, checks, or speaking to a physical person compared to digital banking. Right now, in-person banking isn't as possible as it used to be, but times are changing. 

Shutting down branches allows traditional banks to cut costs. Bank of America has slowly reduced its branch network, which lowered the bank's non-interest expenses by 5 percent last quarter. 

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Warren Buffett is bullish on Bank of America stock.

Bank of America, like many other banks, is rationalizing the branch network at a time when many customers have been pivoting towards digital banking. However, fears of the bank going out of business seem unfounded. Incidentally, Berkshire Hathaway is the largest shareholder in the bank.

While Warren Buffett has sold the stake in several banks over the last year, he increased the stake in Bank of America. He made an exception for the stock and increased the stake beyond 10 percent. Buffett has a self-imposed limit on the stakes in banks below 10 percent. Currently, the stock is the second-largest holding in Berkshire Hathaway's portfolio after Apple.

Источник: https://marketrealist.com/p/is-bank-of-america-going-out-of-business/

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Bank of America Hours

Banking / Banks

Bank of America retail location in Raleigh, NC

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Bank of America is one of the world’s largest financial companies, with about 66 million consumer and small business customers. Its abundance of brick-and-mortar locations and banking resources landed them a spot as one of GOBankingRates’ best national banks of 2021.

Read on to find out when Bank of America branches are open for business:

Bank of America Hours for Normal Days

Bank of America hours vary by branch, so if you’re planning on making a trip to a branch, your best bet is to search for your nearest Bank of America location online and verify the hours it’s open. During the pandemic, many Bank of America branches are operating on reduced opening hours to allow for additional cleaning and others are temporarily closed, so be sure to check the hours before heading out to a financial center.

Before the pandemic, Bank of America was typically open on weekdays from 9 a.m. to 5 p.m. or bank of america business p.m. During the pandemic, some branches are opening later at 10 a.m. and closing earlier at 4 p.m.On Saturdays, its hours usually follow a schedule of either 9 a.m. to 2 p.m. or 10 a.m. to 2 p.m., though some branches are closed on Saturday. ATMs are open 24 hours a day, seven days a week.

Is Bank of America Open 7 Days a Week?

Most Bank of America locations are open six days a week, Monday through Saturday. If you need to do any banking on a Sunday, you’ll have to make do with an ATM or by using your online account or mobile app.

Is Bank of America Open on the Weekends?

Most Bank of America branches are open on Saturday, but not all are. Be sure to check your local branch online or by phone to find out its Saturday hours. No Bank of America locations are open on Sunday. Keep in mind that Bank of America ATMs are open 24 hours and you can perform many of the same banking tasks at an ATM as you can in a financial center, such as deposits and cash withdrawals.

Bank of Bank of america business Hours for Holidays

Bank of America holiday hours follow the same schedule as most other national banks, which means branches are closed on federal holidays. Use this table to find out Bank of America’s holiday closings in 2021:

Bank of America Holiday Schedule 2021
New Year’s Day — Jan. 1Closed
Martin Luther King, Jr. Day — Jan. 18Closed
Valentine’s Day — Feb. 14Open
Presidents’ Day — Feb. 15Closed
St. Patrick’s Day — March 17Open
Memorial Day — May 31Closed
Independence Day — July 4*Closed*
Labor Day — Sept. 6Closed
Columbus Day — Oct. 11Closed
Halloween — Oct. 31Closed
Veterans Day — Nov. 11Closed
Thanksgiving Day — Nov. 25Closed
Black Friday — Nov. 26Open
Christmas Eve (daytime) — Dec. 24Open
Christmas Day — Dec. 25Closed

July 4 falls on a Sunday this year, so Bank of America branches will be closed on that day. If a holiday falls on a Sunday, branches typically close the following Monday. This year, they will be closed on July 5th to observe the holiday.

How To Bank With Bank of America Outside of Business Hours

If you’re in need of banking services outside of Bank of America’s normal business hours, you can still handle certain tasks. Visit a Bank of America ATM to check your balance, d6posit checks, deposit cash and withdraw cash. You can also use your online account or mobile banking app to check your account balances, deposit checks, make transfers, pay bills and more. The virtual assistant, Erica, should be able to answer any questions you may have.

Bank of America Contact Information

To receive customer service assistance for checking and savings account issues — including general account information, reporting a lost or stolen debit card and opening an account — call these numbers:

  • 800-432-1000 for U.S. callers
  • 1-315-724-4022 for international callers
  • 800-688-6086 for Spanish-speaking callers

Customer service agents are available Monday through Friday from 8 a.m. to 11 p.m. EST. On weekends, hours are 8 a.m. to 8 p.m. EST.

You can also reach out to Bank of America on Twitter @BofA_Help, or privately message them on Facebook.

For any other issues, visit Bank of America’s website for the appropriate contact information.

Information accurate as of Sept. 29, 2021.

About the Author

Levi joined GOBankingRates in 2019. He's found success in financial, political and military lifestyle writing, with work appearing on MSN, Yahoo Finance, OurMilitary.com and more. With a background in narrative writing, he enjoys turning interesting conversations into impactful content.

Источник: https://www.gobankingrates.com/banking/banks/bank-of-america-hours/

Bank of America profit beats on strength across businesses

Oct 14 (Reuters) - Bank of America Corp (BAC.N) beat estimates for third-quarter profit on Thursday, boosted by strong growth across its businesses which executives said they expected to continue next quarter.

Growth in loans and leases, higher spending on credit and debit cards, and strong equity-trading and M&A activity helped the bank record a 64% rise in earnings.

Net interest income (NII), which measures how profitably a bank can lend out depositors' funds, rose nearly 10% to $11.09 billion. Bank of America's NII hit a low in the third quarter last year, but executives said they were optimistic it would continue to rise this year and next.

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"We are expecting modest NII growth from the third quarter to the fourth quarter," the bank's Chief Financial Officer Paul Donofrio said. "(It) is going to depend on loan-to-deposit growth, and we expect both of those to continue to grow, consistent with a growing economy.

"One could expect, I think, robust improvement in NII in . the full year 2021 versus the full year 2022."

Average loans and leases, excluding those from the government-backed Paycheck Protection Program (PPP), grew by 2.3% in the third quarter from the prior quarter, although that figure fell 4.3% from last year.

Still, nearly every loan product grew some in the quarter, and the bank issued around 1 million more credit cards, further fueling that growth.

"We had loan growth in every loan product at the company. It was very broad based," "We are optimistic about future growth."

BofA shares were up nearly 2.5% in mid-morning trading.

Combined spending on credit and debit cards was up 21% to $201 billion in the quarter, the bank said.

Revenue from its equities division rose 33%, driven by growth in client financing activities and strong trading performance.

The second-largest U.S. bank by assets released reserves of $1.1 billion in the quarter. It had set aside tens of billions of dollars last year to cover possible loan defaults, which it has steadily been releasing as the economic outlook improves.

Bank of America's revenue jumped 12% to $22.8 billion.

Net income applicable to common shareholders rose to $7.26 billion, or 85 cents per share, for the quarter ended Sept. 30 from $4.44 billion, or 51 cents per share, bank of america business year earlier.

Analysts on average had expected a profit of 71 cents per share, according to the IBES estimate from Refinitiv.

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Reporting by Niket Nishant in Bengaluru and Elizabeth Dilts Marshall in New York; Editing by Anil D'Silva and Emelia Sithole-Mataris

Our Standards: The Thomson Reuters Trust Principles.

Источник: https://www.reuters.com/business/finance/bank-america-profit-surges-reserve-release-boost-2021-10-14/

ADP® + Bank of America

The Future Digital BackofficeThe Future Digital Backoffice

Bank of America is proud to collaborate with the payroll experts at ADP®, trusted by nearly 700,000 small businesses in the country. ADP’s small business payroll solution, RUN Powered by ADP®, bank of america business designed to help you transform how great work gets done.

Small Business Payroll and HR Options for Companies of all Sizes

Do it yourself payroll

Perfect for small businesses and startups with basic payroll needs.

Suited for businesses with less than 10 employees

Learn More

Full service payroll & HR solutions

Perfect for growing small businesses looking for flexible solutions around HR, recruiting, time and more.

Scalable offerings for small businesses of all sizes

Learn More

As a small business owner, we know your time is valuable. RUN Powered by ADP is the most complete payroll solution that allows you to save administrative time and lets you focus on attaining your dreams.

Expert support that has your back

  • Process payroll and file taxes in just a few simple steps
  • Small business customer support via chat, email or phone
  • Mobile and desktop access anytime anywhere
  • Help manage compliance challenges to state and federal payroll tax and wage laws
icon arrows pointing to dollar symbol

Get Bonus Rewards!

As a Bank of America client enrolled in Preferred Rewards for Business*, you can get up to $20 monthly credit from Bank of America for using ADP as your payroll provider. Your bonus rewards are based on your enrolled tier – Gold $10, Platinum $15 or Platinum Honors $20.

Do it yourself payroll

Perfect for small businesses and startups with basic payroll needs.

Suited for businesses with less than 10 employees

Learn More

Full service payroll & HR solutions

Perfect for growing small businesses looking for flexible solutions around HR, recruiting, time and more.

Scalable offerings for small businesses of all sizes

Learn More

Источник: https://www.adp.com/diy-payroll/sbs-ms-boa.aspx

Bank of America Foundation Donates $75K to NJSBDC Network

On Nov 24, 2021

America’s Small Business Development Centers, also known as the NJ Small Business Development Center (NJSBDC) network, has received $75,0000 from the Bank of America Charitable Foundation. This award, which stems from Bank of America’s economic opportunity initiative, reinforces a mission shared by the NJSBDC Network. The NJSBDC uses the funds to increase outreach and continue offering “credit clinics”, credit bank of america business, and business counseling for business owners experiencing social and economic disparities.

The NJSBDC has received the grant for over 10 years, signaling the continued shared dedication of both institutions. Kelly Brozyna, the CEO and state director of the NJSBDC Statewide Network, shared that, “We are honored to partner with Bank of America on this very important cause.”

Referencing the added importance of assistance during a time of greater financial strain, Brozyna added that “many businesses have been negatively impacted by the pandemic, especially those already suffering from issues of inclusion and racial inequality. Partnering with Bank of America helps us reach the businesses that need the right information and guidance to propel their businesses forward. We live for helping NJ’s businesses succeed, and we’re very happy that Bank of America is on this journey with us.”

Alberto Garofalo, president, Bank of America New Jersey, expressed news of the initiative and the support for the NJSBDC’s goals, noting that, “For years, Bank of America has worked with nonprofit partners, elected officials, business and civic leaders, and others across New Jersey to help drive economic opportunity and upward mobility. Recently, we announced a $1.25 billion, five-year commitment to help advance racial equality and economic opportunity in our communities,” adding that “Our support of NJSBDC and its work to advance local small businesses is an important down payment on that commitment as we work together to promote racial justice, advocacy, and equality for people and communities of color.”

The resources offered by the NJSBDC are the fundamentals that help small and mid-sized businesses create processes and strategies to succeed, a much-needed service, particularly for many women-owned, minority-owned, veteran-owned, and other economically disadvantaged business owners. The funds allow for continued service to the business community, targeting business equality, equity, opportunity, and responsible growth, all key factors for business success.

Because the NJSBDC counts on partnerships such as this one to continue its mission, it is enthusiastic for this continual support to continue its dedication to businesses that are often missing the resources. Whether it’s how to get started, understanding the credit process, or leveraging and scaling up, the NJSBDC training and counseling will carry on with their support so that small and mid-sized businesses can move forward and drive their business goals to the next level.

To access more business news, visit NJB News Now.

Related Articles:
Источник: https://njbmagazine.com/njb-news-now/bank-of-america-foundation-donates-75k-to-njsbdc-network/

Bank of America Business Checking: 2021 Review

Bank of America offers two small-business checking accounts: Business Advantage Fundamentals™ Banking and Business Advantage Relationship Banking (formerly Business Fundamentals Checking and Business Advantage Checking).

With 4,300 branch locations across 37 states, plus Washington, D.C., Bank of America’s business accounts are digital-friendly options for small-business owners who want some access to in-person banking.

Moreover, Bank of America business checking stands out among national and regional brick-and-mortar-based competitors by offering unlimited fee-free electronic transactions, high cash deposit limits and three different ways to open an account.

» MORE:The best business checking accounts

Bank of America business checking is best for small-business owners who:

  • Want to be able to do some of their business banking in person.

  • Don’t mind paying a monthly fee or can qualify to waive it.

  • Operate a cash-heavy business.

  • Would like to take advantage of additional banking or financial services from their bank in the future.

Pros and cons

Pros

  • Unlimited fee-free electronic transactions.

  • Access to 17,000 Bank of America ATMs and 4,300 branch locations across the U.S.

  • High cash deposit limits: $7,500 per month fee-free for Business Advantage Fundamentals and $20,000 per month fee-free for Business Advantage Relationship.

  • Includes Business Advantage 360 online banking platform, with mobile banking, integrated cash-flow monitoring tool, bill pay and mobile check deposit.

  • Three ways to apply for an account — online, over the phone or at bank of america business branch location.

Cons

  • No free business checking account option.

  • Fees for withdrawals at non-Bank of America ATMs: $2.50 for U.S. ATMs, $5 for international ATMs (ATM owner may charge an additional fee).

  • Fees for outgoing wire transfers not available online.

Bank of America business checking at a glance

Business Advantage Fundamentals Banking

Business Advantage Relationship Banking

$16 (waived with a $5,000 combined average monthly balance or by spending $250 in net new qualifying purchases on a business debit card)*

$29.95 (waived with a $15,000 combined average monthly balance)*

Minimum opening deposit requirement:

Rates vary based on your location.

Unlimited fee-free electronic transactions (ACH, debit card transactions, electronic debits, deposits made with mobile check deposit, remote deposit online or at a Bank of America ATM).

Up to 200 fee-free non-electronic transactions (checks paid, other debits, deposited items), then 45 cents per item.

Unlimited fee-free electronic transactions.

Up to 500 fee-free non-electronic transactions, then 45 cents per item.

Up to $7,500 free, then 30 cents per $100 deposited.

Up to $20,000 free, then 30 cents per $100 deposited.

No fees for stop payments, incoming wires, check image service, copies of checks and statements, ATM/debit card replacements.

No fee for online account management services.

No fee for introductory check package with checks, deposit slips and endorsement stamp.

One Business Advantage Relationship Account and one Business Advantage Savings account available for no additional monthly fees.

*You can also waive the monthly fees on either of these accounts by becoming a member of Bank of America’s Preferred Rewards for Business program. To be eligible, you must have an active Bank of America business checking account and a three-month combined average daily balance of $20,000 or more in qualifying Bank of America business deposit accounts and/or Merrill business investment accounts.

Additionally, for both the Business Advantage Fundamentals and Business Advantage Relationship accounts, Bank of America will waive the monthly fee for the first three months after you open your account — assessing the fee once your third statement cycle closes.

How Bank of America business checking works

Account options: Bank of America offers the Business Advantage Fundamentals Banking and Business Advantage Relationship Banking accounts — formerly known as Business Fundamentals Checking and Business Advantage Checking, respectively.

In addition to these two core options, the bank offers the Full Analysis Business Checking account for businesses with high balances and greater cash management needs, as well as a Public Service Trust Account.

Location availability: Bank of America has 4,300 branch locations and 17,000 ATMs across 37 states, plus Washington, D.C. The bank does not have branches or ATMs in the following states: Alabama, Alaska, Hawaii, Louisiana, Mississippi, Montana, Nebraska, North Dakota, South Dakota, Vermont, West Virginia, Wisconsin and Wyoming.

Unlike some brick-and-mortar banks, however, your business does not have to be located in a state with a Bank of America branch in order to be eligible for a business checking account. In fact, you can use the Bank of America website to check fee and rate information for any of the 50 states, plus Washington, D.C.

How to apply: Apply for a Bank of America business checking account by completing and submitting an application online, over the phone with a small-business banking representative or in person at a branch location.

  • Required information:

    • Basic details about yourself and your business including your Social Security number, date of birth, legal business name, the date your business was formed, employer identification number and state of business formation.

    • Bank of America also requires basic personal information (including date of birth and Social Security number) for all owners with 25% or more ownership in the business, as well as any controlling managers (e.g., chief financial officer, managing member).

  • Required documentation:

    • Business formation document (varies based on your entity type) and one form of government-issued ID for you, all owners with 25% or more ownership in the business and any controlling managers.

    • If your business is operating using a DBA, or "doing business as," a fictitious name, trade name or assumed name, Bank of America requires that you provide the applicable certificate that shows your business’s adopted name.

    • If you apply for a Bank of America business checking account online, you will send your supplemental documents to the bank by fax or email after you’ve completed your application. You have 11 days after submitting your online application american express business gold card cash advance send your documents before your application will be declined and you will need to resubmit. Once Bank of America has received both your application and supporting documents, your account could be approved and opened in as little as 24 hours.

» MORE:What you need to open a business bank account

Next steps: After your account has been approved, you can make your opening deposit by transferring money from an existing Bank of America account or from another bank, as well as by using a Visa or MasterCard debit card, check or money order. You also can sign up for online banking, download the Bank of America mobile app and start managing your account.

If you ordered a business debit card or checks with your initial application, you should expect to receive them within five to seven business days. Additionally, you can request a debit card for yourself, as well as your employees, by signing into online banking, calling Bank of America small-business customer service or by visiting a branch location.

Where Bank of America business checking stands out

Unlimited fee-free electronic transactions: Both of the Bank of America business checking accounts offer unlimited fee-free electronic transactions, including ACH transactions, debit card transactions, electronic debits and deposits made using mobile check deposit, remote deposit online or at a Bank of America ATM.

With this feature, Bank of America business checking stands out among brick-and-mortar competitors in particular, as most traditional banks have a set monthly limit that encompasses both electronic and non-electronic transactions.

Cash deposits: The Business Advantage Fundamentals account includes up to $7,500 in fee-free cash deposits, and the Business Advantage Relationship account includes up to $20,000 in fee-free cash deposits per month.

Compared to other base-tier business checking accounts, the $7,500 threshold of the Business Advantage Fundamentals account stands out among brick-and-mortar competitors. For example, the Chase Business Complete Checking℠ account, Wells Fargo Initiate Business Checking account and Capital One Spark Basic Business Checking account each have a fee-free cash deposit limit of $5,000.

In addition, although the $20,000 threshold of the Business Advantage Relationship account matches that of second-tier business checking offerings from national brick-and-mortar competitors like Chase, Wells Bank of america business and Citibank, it exceeds that of other competitors such as U.S. Bank and Huntington Bank.

Digital tools: The Bank of America business checking accounts provide access to digital tools including Zelle, Cash Flow Monitor and Business Advantage 360 — Bank of America’s small-business online banking platform.

With Business Advantage 360, you can view and manage statements and transactions, pay bills, download activity to QuickBooks and customize account alerts. Additionally, enrolling in online banking grants you access to mobile banking, which includes the ability to deposit checks, request transfers, pay bills and monitor pending transactions.

Moreover, online banking comes fully integrated with the Cash Flow Monitor tool, which allows you to track credits and debits, get cash flow projections based on scheduled transactions and receive support from small-business specialists. You can also connect third-party apps to your Cash Flow Monitor dashboard, including ADP, QuickBooks Online, Google Workspace, Google Analytics, Expensify and TurboTax.

Suite of small-business services: If you’d prefer to use the same bank of america business for your future financial needs, Bank of America provides a variety of additional products for small-business owners, including business savings accounts, payment processing, credit cards and business loans.

Moreover, if you join the Bank of America Preferred Rewards for Business program, you can receive discounts on other services the bank offers, as well as waive the monthly fees for either the Business Advantage Fundamentals or Business Advantage Relationship account.

As an example, entry-level Preferred Rewards members can access a 25% rewards bonus on eligible business credit cards, a 5% interest rate booster bank of america business Business Advantage Savings accounts and a 0.25% interest rate discount on new Business Advantage credit lines, term loans and secured lending.

» MORE:The best banks for small-business loans

Where Bank of America business checking falls short

Monthly fees: Both Bank of America business checking accounts have monthly fees — $16 or $29.95 — for the Business Advantage Fundamentals and the Business Advantage Relationship accounts respectively.

Although each account provides a few ways to waive these fees, there are both online and brick-and-mortar competitors that offer free business checking accounts if you don’t want to meet those requirements or have to budget for these fees on an ongoing basis.

Additional fees: On top of monthly fees, there are certain instances where you’ll face additional fees with your Bank of America business checking account. Bank of America charges fees for withdrawals at non-Bank of America ATMs —$2.50 for U.S. ATMs and $5 for international ATMs — plus, the owner of the ATM may charge an additional fee.

Bank of America also charges a $35 fee for overdrafts, as well as varying fees for outgoing wires. It’s also important to note that while Bank of America waives fees for stop payments, incoming wires, check image service, copies of checks and statements and ATM and debit card replacements for Business Advantage Relationship account holders, these services all have associated fees for Business Advantage Fundamentals account holders.

Although these types of fees are not uncommon with business checking accounts, especially those from brick-and-mortar banks, you may be able to find alternative options with fewer fees.

Compare business checking accounts

Bank of America Business Advantage Fundamentals™ Banking
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.

Read review

Chase Business Complete Banking℠
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
LendingClub Tailored Checking
NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
BlueVine Business Checking
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.

Monthly fee

$16 for Business Advantage Fundamentals, $29.95 for Business Advantage Relationship.

Monthly fee

$15 (multiple ways to waive)

Monthly fee

$10 (waived with balance of $5,000+)

Minimum opening deposit requirement

$100

Minimum opening deposit requirement

$0

Minimum opening deposit requirement

$100

Minimum opening deposit requirement

$0

APY

0.10% on balances of $5,000+

APY

0.60%on balances up to $100,000

Transactions

Business Advantage Fundamentals: Up to 200 fee-free transactions, then 45 cents per item.

Business Advantage Relationship: Up to 500 fee-free transactions, then 45 cents per item.

Unlimited fee-free electronic transactions for both accounts.

Transactions

Unlimited electronic deposits; 20 free teller and paper transactions per month.

Transactions

Unlimited fee-free transactions

Transactions

Unlimited fee-free transactions

Bonus

$300 sign-up bonus (with qualifying activities)

Источник: https://www.nerdwallet.com/article/small-business/bank-of-america-business-checking

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4 Replies to “Bank of america business”

  1. I Have Completed my PGDBF course through manipal academy of banking and finance. Am I eligible to apply this sir.

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