Bank of America Business Advantage vs Small Business Checking: which one fits your business?
Side-by-side comparison of Bank of America Business Advantage and Small Business Checking — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: it's a tie on our scorecard — pick on fit, not score.
| Scored on | Bank of America Business Advantage | Small Business Checking |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 7 | 7 |
| Fees & pricing | 7 | 7 |
| Customer support | 6 | 6 |
| Features | 8 | 8 |
| Monthly fee (Fundamentals) | $16 (waivable) | — |
| Monthly fee (Relationship) | $29.95 (waivable) | — |
| ACH Transfers | $0 | — |
| Cash Deposit Limit | Up to $20,000 free | $5,000 per month |
| Domestic Wire (Incoming) | $0 - $15 | — |
| Monthly Maintenance Fee | — | $10 (Waivable) |
| Min. Balance to Waive Fee | — | $500 |
| Free Transactions | — | 150 per month |
| Domestic Outgoing Wire | — | $30 |
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.
Small Business Checking in one paragraph
A solid, low-hurdle traditional account for cash-heavy local businesses that can maintain a $500 balance.
Skip it if: You run a high-volume e-commerce store with more than 150 transactions per month.
Frequently asked questions
Who should skip Bank of America Business Advantage?
You cannot consistently maintain at least a $5,000 average daily balance.
Who should skip Small Business Checking?
You run a high-volume e-commerce store with more than 150 transactions per month.