Bank of America
Business checkingVerified Oct 9, 2026
Bank of America Business Advantage Fundamentals Banking: up to $2,500 bonus
Deposit at least $50,000 in money new to Bank of America and Merrill within 30 days of opening.
- New money
- $50,000 in 30 days
- Cash to keep
- $50,000
- Monthly fee
- $16/mo, waivable
- Apply by
- Nov 30, 2026
Selected target
$1,000
Up to $2,500 at higher tiers
Apply by Nov 30, 2026
View offer at Bank of AmericaRead the bank's terms · Offer terms can change. Confirm current eligibility and terms with the bank before applying.
Your fit
Add your state, direct deposit and cash to check this offer's conditions against your situation.
- 1 thing to check: Your history with Bank of America
This checks the published conditions only. The bank decides who is approved.
Steps to earn
Complete all 2 steps for $1,000
New money
Deposit at least $50,000 in money new to Bank of America and Merrill within 30 days of opening.
- $50,000
- Within 30 days of opening
Keep a balance
Keep at least $50,000 in the new account each day from 31 days after offer enrollment through day 90 after account opening.
- $50,000
All tiers
| Bonus | Deposit to qualify | Cash to keep | Choose your target |
|---|---|---|---|
| $400 | New money: $5,000 in 30 days | $5,000 | |
| $700 | New money: $15,000 in 30 days | $15,000 | |
| $1,000 | New money: $50,000 in 30 days | $50,000 | Selected |
| $1,500 | New money: $100,000 in 30 days | $100,000 | |
| $2,500 | New money: $200,000 in 30 days | $200,000 |
Timeline
Add a date to put the deadlines on a calendar. Only steps timed from opening get a date.
Apply by Nov 30, 2026
Open the account
New money
Day 30 after opening
Deposit at least $50,000 in money new to Bank of America and Merrill within 30 days of opening.
Keep a balance
Keep at least $50,000 in the new account each day from 31 days after offer enrollment through day 90 after account opening.
Bonus paid
Within 60 days after meeting the funding and daily balance requirements, while the account remains open and in good standing.
Money and fees
- Bonus
- $1,000
- Monthly fees
- $16/month unless waived
- Bonus after fees, before tax
- $984 to $1,000
Waived with: No monthly fee for the first 12 months. Thereafter, $5,000 combined average linked business deposit balance, $500 qualifying business debit purchases per cycle, or Preferred Rewards for Business membership.
Up to $16 if you miss the waiver for about 1 month
Cash to keep in the account
$50,000
Months are estimated from the longest step, about 30 days. Your statement dates can change the count.
After the bonus
- Account type
- Business checking
- Monthly fee
- $16/mo
- How to waive it
- No monthly fee for the first 12 months. Thereafter, $5,000 combined average linked business deposit balance, $500 qualifying business debit purchases per cycle, or Preferred Rewards for Business membership.
- APY
- Not stated in the terms we reviewed
- Early closure fee
- Not stated in the terms we reviewed
- How to open
- Not verified
Eligibility
Where it's offered
The bank's terms don't list states. Check availability on the bank's site before applying.
Who can get it
New customers only. If you've had an account with Bank of America, check the look-back period in the terms.
Businesses whose owners have not owned or co-owned a Business Advantage Banking account in the past 12 months. One checking bonus per business owner; employees and fiduciary accounts are excluded. Apply through the offer page or have a banker attach its code. Funds must be new to Bank of America and Merrill.
Terms and sources
Checked against promotions.bankofamerica.com on Oct 9, 2026. Next check by Oct 23, 2026.
- promotions.bankofamerica.com/smallbusiness/bizq2offerCaptured Oct 9, 2026
Offer terms can change. Confirm current eligibility and terms with the bank before applying.