{"account":{"slug":"bank-of-america-business-advantage","bank":"Bank of America","name":"Business Advantage Banking"},"status":"recent","lastVerified":"2026-10-23","officialSource":"https://business.bankofamerica.com/en/deposits/checking-accounts","history":[{"date":"2026-06-11","apy":"None","monthlyFee":"$16 (Fundamentals) or $29.95 (Relationship), waivable","minimumOpen":"$100","note":"Legacy snapshot before event-level primary-source evidence was attached"},{"date":"2026-09-04","apy":"Non-interest-bearing","monthlyFee":"$16 Fundamentals after 12 fee-free statement cycles; $29.95 Relationship after 2 fee-free statement cycles; both waivable","minimumOpen":"$100","atm":"$0 at Bank of America ATMs; $2.50 at other U.S. ATMs plus operator fees","note":"Reconfirmed fee waivers, transaction and cash allowances, included Relationship accounts and services, ATM pricing, and overdraft terms","sourceUrl":"https://www.bankofamerica.com/smallbusiness/resources/business-schedule-fees.go","sourceLabel":"Bank of America Business Schedule of Fees"},{"date":"2026-10-23","apy":"Non-interest-bearing","monthlyFee":"$16 (Fundamentals) or $29.95 (Relationship), waivable","minimumOpen":"Current product page says no minimum; older clarity statements list $100. Confirm when applying.","atm":"Bank of America ATMs: no ATM fee. Standard outside-ATM fee: $2.50 in the U.S. or $5 abroad, plus operator charges; eligible rewards waivers may apply.","note":"Verified tiers and fee waivers; corrected consumer/business rewards conflation. Opening-deposit and employee-card aggregation sources disagree, so application confirmation is explicit.","sourceUrl":"https://www.bankofamerica.com/smallbusiness/resources/business-schedule-fees.go","sourceLabel":"Current checking page, business fee schedule and clarity statements"}],"verificationEvents":[{"id":"b47a139d-380b-4d5b-9dcc-890b28d4955a","entityType":"bank-account","slug":"bank-of-america-business-advantage","checkedAt":"2026-10-23T16:30:13.319Z","recordedAt":"2026-10-23T16:30:13.320Z","sourceUrl":"https://www.bankofamerica.com/smallbusiness/resources/business-schedule-fees.go","sourceLabel":"Business account fee schedule and current product disclosures","outcome":"changed","summary":"Verified business checking fees and allowances; corrected rewards conflation and documented conflicting opening and spend-aggregation disclosures.","changedFields":["terms","history","lastVerified","faqs","sources"],"previousHash":"bc802bb4854517fae50381a2a823bdd7c8abcc5acf2b43a1c699b1463c79d760","recordHash":"bb7bcb687cb8b54c17679eb24d419f55502fe78756cbe8946c6a257a305d4b26"},{"id":"716c07a4-4433-4fe8-a139-96d8fe648122","entityType":"bank-account","slug":"bank-of-america-business-advantage","checkedAt":"2026-09-05T02:28:03.019Z","recordedAt":"2026-09-05T02:28:03.020Z","sourceUrl":"https://www.bankofamerica.com/smallbusiness/resources/business-schedule-fees.go","sourceLabel":"Bank of America Business Schedule of Fees","outcome":"confirmed","summary":"Reconfirmed Business Advantage fees, waiver paths, transaction and cash allowances, ATM pricing, included Relationship services, and overdraft terms.","changedFields":["bonusSlug","termHistory","lastVerified"],"facts":{"fundamentalsMonthlyFee":16,"relationshipMonthlyFee":29.95,"minimumOpen":100,"fundamentalsFreeCycles":12,"relationshipFreeCycles":2},"previousHash":"79674ac5329352926ab4698359169ab32766e07b540d628539e4e5f5a41ebe29","recordHash":"cce3e7b19b66f852b15bc7295cb885b8bee7b07f279ad85a6121fd1fe7d962d0"}],"methodology":"https://creditcompound.com/how-we-rate#verification"}