Bank Of America Business Checking Review: $200-$2,000 Promotions

Get the latest sign-up promotions and bonuses for Bank of America’s Business Checking accounts here. Current ongoing offers have been for a $100 bonus, but sometimes a $200 and even a $2,000 promotion can be had.

I’ll review your Business Checking account options as well.

Bank of America Business Checking Review Highlights:

• Sign-up promotions ($100-$2,000)
• Business Checking options compared
• See all my Bank of America reviews
  • See my Best Bank Promotions List

BOA Business Checking $200 Promotion

• Coupon Link: $200 BOA Business Checking Bonus
• Expiration: 12/31/2016
• Bonus Amount: $200
• Related Bonus: BOA Savings Promotions, BOA Personal Checking Promotions
• Competitor Bonus:
  • PNC Business Promotions
  • Capital One Business Promotions
  • Citibank Business Promotions
• Account(s) Eligible: Business Advantage/Business Fundamentals
• Availability: Nationwide
• Hard/Soft Inquiry: Soft
• Opening Deposit Credit Card Funding Eligibility: Unavailable
• Direct Deposit Requirement: None
• Monthly Service Fee: $16 for the Business Fundamentals and $29.95 for the Business Advantage. Both fees can be waived (see info at the bottom section).
• Other Requirements:
  • After opening an account, you must make at least $1,000 in Qualifying Deposits into the new Business Checking account within 60 days of account opening.
  • Qualifying Deposits are deposits of funds new to Bank of America and/or Merrill Lynch.
• *Tips: Must not have had a BOA business checking within the last 6 months.
  Bank Of America Business Checking $100 Bonus

This $100 promotion has been a long running offer for BOA’s Business Checking accounts. The good news is that direct deposit isn’t required for this one.

• Coupon Link: $100 Business Promo
• Expiration: 12/31/2016
• Bonus Amount: $100
• Account(s) Eligible: BOA Business Fundamentals or Business Advantage Checking
• Availability: Nationwide
• Hard/Soft Inquiry: Soft
• Opening Deposit Credit Card Funding Eligibility: Unavailable
• Direct Deposit Requirement: None
• Monthly Service Fee: $16 for Business Fundamentals & $29.95 for Business Advantage (can be waived – see below)
• Other Requirements: Make $1,000 in qualifying deposits(funds new to BOA and/or Merrill Lynch) within 60 days of opening.
• *Tips: Must not have had a BOA business checking within the last 6 months. Offer is available online only. $100 bonus will be deposited within 90 days of meeting requirements.
• Related Bonus: BOA Personal Checking $100 Offer

Bank Of America Business Checking $300 Promotion

BOA $300 Business Checking Promotion

There’s a $300 bonus for a new Business Checking account that is targeted to LegalZoom customers when they set up an LLC. You’ll have to ask a Small Business Specialist at a local Bank of America branch to see if this offer is available to you.

• Promotion Link: Targeted; talk to a small business specialist in-branch
• Account Type: Business Checking & Merchant Services
• Availability: Nationwide
• Expiration: Unknown
• Hard/Soft Inquiry: Soft
• Direct Deposit Requirement: No
• Monthly Fee: The first 3 months fee will be waived for the Business Checking account.
• Bonus Requirements:
  • Open a new Business Checking account with qualifying deposits to earn the first $100 bonus.
  • Get another $50 bonus when you pay 2 online bills
  • Get another $150 bonus when you also open a merchant services account to accept credit and debit card payments for your business.
• Closing Account Fee: No

Bank Of America Business Checking $2,000 Offer

• Coupon Link: In-branch only with promo code REL4OFF *This was a targeted offer to certain customers.
• Expiration: currently expired
• Bonus Amount: $2,000 max
• Account(s) Eligible: Business Advantage Checking
• Availability: nationwide
• Hard/Soft Inquiry: Soft
• Opening Deposit Credit Card Funding Eligibility: Unavailable
• Direct Deposit Requirement: None
• Monthly Service Fee: $29.95 (can be waived – see below)
• Other Requirements: After opening a Business Advantage Checking account you will bonus money per Select Business Accounts. The first will earn a $1,000 bonus and the remaining two will earn $500 each. Select Business Accounts include:
  • Small Business Credit Card: Get approved for a business credit card and spend at least $2,000 within 60 days of opening your Business Advantage Checking Account.
  • Business Loan or Line of Credit: Open a new loan or line of credit within 60 days of opening your Business Advantage Checking Account.
  • BOA Merchant Services Account: Open a new merchant services account and settle funds into your Business Advantage Checking Account within 60 days of opening.
• *Tips:
  • You must not currently have a BOA business checking account or within the past 6 months.
  • The business credit card options aren’t mind blowing, but at least there are some sign-up bonuses. Card options include: Alaska Airlines Business credit card, Asiana Business credit card, Business Preferred World MasterCard, and Spirit Airlines Business credit card.
  • The business credit card account is probably the easiest of the 3 to apply for, as not everyone may have a need for a business loan or a BOA merchant services account. So at least you can earn the initial $1,000 bonus.

Business Fundamentals VS Business Advantage Checking

The Bank of America Business Fundamentals Checking is their basic option between the two.

Business Fundamentals Features:

• Online Banking, account alerts, online Bill Pay
• Mobile and Text Banking offers modern conveniences
• No added monthly fee for the included Business Investment Savings account.
• Avoid the $16 monthly fee by meeting ONE of the following:
  • $3,000 minimum daily balance in your primary account
  • $5,000 average monthly balance in your primary account
  • $15,000 combined average monthly balance in linked business accounts(you may link additional Business Fundamentals, Business Economy Checking, Business Interest Checking, Business Interest Maximizer (all variations), Business Investment Account and Business CDs)
  • Make $250 in net new qualifying purchases each billing cycle on your BOA business credit or debit card

Business Advantage Features:

• Online Banking, account alerts, online Bill Pay as well of course
• You can add a checking account with no added monthly fee
• Account Management feature lets you perform Small Business Online Banking tasks securely within QuickBooks
• Comes with a Business Interest Maximizer savings account with no added monthly fee
• Avoid the $29.95 monthly fee by meeting ONE of the following:
  • Maintain a $15,000 average monthly balance in your
    primary account
  • Maintain a $35,000 combined average monthly balance
    in linked business
  • Use one of these services: Bank of America Merchant Services, Payroll Services by Intuit or Remote Deposit Online Service
  • Use a Bank of America business credit card — making at least $2,500 in net new qualifying purchases each billing cycle with your credit card

Bank Of America constantly updates their sign-up promotions for Business Checking accounts so check back often!