American Express Business Checking vs Bank of America Business Advantage: which one fits your business?
Side-by-side comparison of American Express Business Checking and Bank of America Business Advantage — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: American Express Business Checking wins on our scorecard (7.7/10 vs 7.3/10).
| Scored on | American Express Business Checking | Bank of America Business Advantage |
|---|---|---|
| Right fit for small biz | 7 | 8 |
| Ease of use | 8 | 7 |
| Fees & pricing | 9 | 7 |
| Customer support | 7 | 6 |
| Features | 7 | 8 |
| Monthly Maintenance Fee | $0 | — |
| Domestic ACH | $0 | — |
| Incoming Wires | $0 | — |
| Minimum Opening Deposit | $0 | — |
| Monthly fee (Fundamentals) | — | $16 (waivable) |
| Monthly fee (Relationship) | — | $29.95 (waivable) |
| ACH Transfers | — | $0 |
| Cash Deposit Limit | — | Up to $20,000 free |
| Domestic Wire (Incoming) | — | $0 - $15 |
American Express Business Checking in one paragraph
A powerhouse for existing Amex loyalists who want to earn passive interest on their cash without the headache of monthly maintenance fees.
Skip it if: You need to deposit physical cash regularly or require Zelle to pay your contractors.
Bank of America Business Advantage in one paragraph
A powerhouse for businesses with $20k+ in cash who can leverage the credit card rewards stack, but a fee-heavy burden for micro-entities.
Skip it if: You cannot consistently maintain at least a $5,000 average daily balance.
Frequently asked questions
Which is better, American Express Business Checking or Bank of America Business Advantage?
On our five-axis scorecard, American Express Business Checking scores higher (7.7/10 vs 7.3/10). A powerhouse for existing Amex loyalists who want to earn passive interest on their cash without the headache of monthly maintenance fees.
Who should skip American Express Business Checking?
You need to deposit physical cash regularly or require Zelle to pay your contractors.
Who should skip Bank of America Business Advantage?
You cannot consistently maintain at least a $5,000 average daily balance.