Last Updated: 05/28/2025
Bank of America Business Fundamentals Checking
Unaffiliated
from Bank of America
Last Updated: 05/28/2025
SuperMoney User Recommendation Score +60
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Highlights
Community Rating
Monthly Service Fee
ATM Fee: Out-of-Network (within the U.S.)
Minimum Average Balance to Avoid Monthly Service Fee
APY (Annual Percentage Yield)
Number of Reviews
Bank of America Business Fundamentals Checking Review
Key Takeaways
- 0% APY. As with most checking accounts, Bank of America Business Fundamentals Checking does not pay interest.
- Charges a monthly fee. This account charges a monthly fee of up to $16but there are multiples ways the fee can be waived. See offer page for more details.
- Bill pay. Pay your bills to practically anyone in the United States when you enroll in Bank of America mobile or online banking.
Bank of America Business Fundamentals Checking Pros & Cons
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Bank of America Business Fundamentals Checking FAQ
Are business checking accounts from Bank of America federally insured?
What APY does Bank of America Business Fundamentals Checking offer?
What are the account minimums for Bank of America Business Fundamentals Checking?
| Description | Amount |
| Minimum Initial Deposit | $ |
| Minimum Combined Balance to Avoid Monthly Fee | $5,000 |
| Minimum Balance to Avoid Monthly Fee | $5,000 |
What fees does Bank of America Business Fundamentals Checking charge?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: Out-of-Network (within the U.S.) | Starting at $2.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (Domestic) | Starting at $12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Cashing Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Online Bill Pay Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Image Service | Starting at $3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Copy | $3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Transaction Fee (Debit Card) | Starting at 3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | Starting at $46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Incoming) | Starting at $16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (International) | Starting at $15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Incoming) | Starting at $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does Bank of America Business Fundamentals Checking offer?
- Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
- Fraud monitoring - Bank of America Business Fundamentals Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Bank of America Business Fundamentals Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
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Monthly Service Fee
ATM Fee: Out-of-Network (within the U.S.)
Minimum Average Balance to Avoid Monthly Service Fee
APY (Annual Percentage Yield)
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +60, or 4.2 on a 5-point rating scale.
+60
Bank of America Business Fundamentals Checking Community Reviews
Would you recommend Bank of America Business Fundamentals Checking to your friends?
Katherine A.
Dec 16, 2023
May or may not recommend
Damilare
Jun 11, 2022
May or may not recommend
Sara S.
Mar 7, 2022
May or may not recommend
Matthew D.
Feb 1, 2022
May or may not recommend
Bourama D.
Nov 9, 2021
May or may not recommend
Showing 5 of 5 reviews