Bank of America Business Advantage vs Tailored Checking: which one fits your business?
Side-by-side comparison of Bank of America Business Advantage and Tailored Checking — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Tailored Checking wins on our scorecard (7.3/10 vs 7/10).
| Scored on | Bank of America Business Advantage | Tailored Checking |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 7 | 7 |
| Fees & pricing | 6 | 7 |
| Customer support | 6 | 6 |
| Features | 8 | 8 |
| Monthly maintenance (Fundamentals) | $16 (waivable) | — |
| Monthly maintenance (Relationship) | $29.95 (waivable) | — |
| Cash deposit limit (Fundamentals) | $5,000 per month | — |
| Domestic incoming wires | $0 for Relationship tier | — |
| Monthly Maintenance Fee | — | $10 (waived with $5k balance) |
| Minimum Opening Deposit | — | $100 |
| Domestic Incoming Wires | — | $0 |
| Domestic Outgoing Wires | — | $18 |
| ATM Fees | — | $0 + worldwide rebates |
Bank of America Business Advantage in one paragraph
A powerhouse for established businesses that can park $20k+ across accounts to unlock top-tier rewards, but a fee-heavy trap for struggling startups.
Skip it if: You are a solopreneur who frequently dips below a $5,000 balance and prefers digital-first support over branch visits.
Tailored Checking in one paragraph
A solid, rewards-focused account for established businesses that maintain a $5,000 buffer and want the security of a chartered bank.
Skip it if: You cannot consistently maintain a $5,000 average daily balance or if you primarily deposit physical cash.
Frequently asked questions
Which is better, Bank of America Business Advantage or Tailored Checking?
On our five-axis scorecard, Tailored Checking scores higher (7.3/10 vs 7/10). A solid, rewards-focused account for established businesses that maintain a $5,000 buffer and want the security of a chartered bank.
Who should skip Bank of America Business Advantage?
You are a solopreneur who frequently dips below a $5,000 balance and prefers digital-first support over branch visits.
Who should skip Tailored Checking?
You cannot consistently maintain a $5,000 average daily balance or if you primarily deposit physical cash.