Bank of America Business Advantage vs EverBank Business Checking: which one fits your business?
Side-by-side comparison of Bank of America Business Advantage and EverBank Business Checking — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: EverBank Business Checking wins on our scorecard (7.5/10 vs 7.3/10).
| Scored on | Bank of America Business Advantage | EverBank Business Checking |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 7 | 7 |
| Fees & pricing | 7 | 9 |
| Customer support | 6 | 6 |
| Features | 8 | 7 |
| Monthly Service Fee (Fundamentals) | $16 (waivable) | — |
| Monthly Service Fee (Relationship) | $29.95 (waivable) | — |
| Cash Deposit Limit (Relationship) | $20,000 free per month | — |
| Domestic Outgoing Wire | $30 | — |
| ACH Transfers | $0 (standard) | — |
| Monthly Maintenance Fee | — | $0 |
| Minimum Opening Deposit | — | $1,500 |
| Outbound Domestic Wire | — | $25 |
| Transactions included | — | 200 per month |
Bank of America Business Advantage in one paragraph
A powerhouse for cash-heavy businesses and high-balance reward seekers, provided you can navigate the occasional corporate bureaucracy.
Skip it if: You are a digital-only solopreneur who hates minimum balance requirements and never touches physical cash.
EverBank Business Checking in one paragraph
A powerhouse for businesses with idle cash who want a zero-fee, high-interest home at a stable national bank.
Skip it if: Skip it if your business handles a high volume of physical cash or you need a bank with a branch in every city.
Frequently asked questions
Which is better, Bank of America Business Advantage or EverBank Business Checking?
On our five-axis scorecard, EverBank Business Checking scores higher (7.5/10 vs 7.3/10). A powerhouse for businesses with idle cash who want a zero-fee, high-interest home at a stable national bank.
Who should skip Bank of America Business Advantage?
You are a digital-only solopreneur who hates minimum balance requirements and never touches physical cash.
Who should skip EverBank Business Checking?
Skip it if your business handles a high volume of physical cash or you need a bank with a branch in every city.