When you open a new Bank of America Business Advantage checking account and complete the eligible requirements, you’ll have the opportunity to earn a $200 cash bonus offer. See offer page for more details.

Update 8/26/24: The offer is now valid through 12/31/24, Bank of America is offering a $200 cash bonus offer when you open a qualifying business checking account. The requirements are very simple to complete to earn the bonus.

Bank of America Business Advantage Checking Bonus Offer

• The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
• The offer is for new eligible business checking customers only.
• Offer expires 12/31/2024.
• To qualify, deposit $5,000 or more in New Money* directly into a new eligible Bank of America Business Advantage Banking account within thirty (30) days of account opening.
• Maintain an average balance of $5,000 in that new Business Advantage Banking account during the Maintenance Period**.
• Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
• Additional terms and conditions apply. See offer page for more details.
• *New Money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts or Merrill investment accounts.
• ** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
• Bank of America, N.A. Member FDIC

(Visit Bank of America to learn more)

How To Avoid The Monthly Fee

• Business Advantage Fundamentals™ Banking:
  • Monthly Fee: $16 or $0 – Great news, there’s no monthly fee for the first 12 statement cycles.
  • To avoid the Monthly Fee after, meet one of the following requirements each statement cycle:
    • Maintain a $5,000 combined average monthly balance.
    • Use your Bank of America business debit card to make at least $250 in new net qualified purchases.
      • Starting Nov 1, 2024, the Monthly Fee can be avoided when you use your Bank of America business debit card to make at least $500 in new net qualified purchases.
• Business Advantage Relationship Banking:
  • Avoid the $29.95 fee by doing any of the following:
    • Maintain a $15,000 combined average monthly balance
    • Become a member of Preferred Rewards for Business

Additional Terms

• Offer is available only to applicants who apply for a new account online only and is intended for new customers only; you are not eligible for this offer if you were an owner or signer on a Bank of America Business Advantage checking account within the last twelve (12) months.
• Only one bonus ($200) per business customer, regardless of the number of businesses owned or operated by the customer.
• Bank of America employees are not eligible for this offer.
• Bank of America will attempt to pay bonus within 60 days.
• Bank of America may change or discontinue this offer at any time before this date without notice.
• Reproduction, purchase, sale, transfer or trade of this offer is prohibited.
• Additional terms and conditions apply. See offer page for more details.

Find all the Bank of America promotions and bonuses for Checking, Savings, and Business account. Update 8/1/24: The Bank of America Business Advantage checking offer is now valid through 12/31/24, Bank of America offers outstanding accounts with features and benefits that will suit your needs - on top of a bonus offer for opening a personal checking or business ... Keep Reading↠