Business advantage fundamentals bank of america

Best banks for small business

Consider these additional reasons to have a dedicated bank account for your business.

Best banks for small business

Our Take.
The bottom line: Bank of America business checking stands out from its competitors with fee-free electronic transactions and high cash deposit limits — both rare features from a brick-and-mortar bank._{Oct 24, 2023}.

Best banks for small business

Pay no monthly fee when you meet one of the following requirements each statement cycle: Include one Business Advantage Savings account with a Business Advantage Relationship Banking solution.
Maintain a $2,500 minimum daily balance..

What are the advantages of a business bank?

It keeps everything clear-cut.
For many smaller businesses, the single, biggest benefit of a business bank account is that it clearly separates your business transactions from your personal transactions.
Probably the most obvious benefit of this is that it makes it easier to prepare your tax returns..

What is the advantage of Bank of America?

About Advantage Relationship:
No fees on select services and no fees on additional eligible accounts that you ask us to link.
Earns interest See rates.
Option to set up Balance Connect^\xae for overdraft protection.
Paper checks available (no charge or discounted depending on check style).