Fees for Business Checking & Savings Accounts at Bank of America

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Effective:

A penalty is imposed for early withdrawal.

A minimum deposit is needed to open an account.

This account features a fixed interest rate until maturity.
No additional deposits can be made until maturity.
Automatically renews at maturity unless you choose the single maturity option. Single maturity CDs will not earn interest after the maturity date.

A penalty is imposed for early withdrawal.

A minimum deposit is needed to open an account.

For CDs with terms of 30 days or more, we will send you a maturity notice prior to renewal. Please read it carefully. If we change the type, term or any other features of your CD, you will be advised of these changes in the maturity notice.

This account features a fixed interest rate until maturity.
No additional deposits can be made until maturity.
Automatically renews at maturity unless you choose the single maturity option. Single maturity CDs will not earn interest after the maturity date.

A penalty is imposed for early withdrawal.

See deposit rate sheet for minimum opening amount and available terms.

This account features a fixed interest rate until maturity.
No additional deposits can be made until maturity.
The term is 7 to 37 months.
- For CDs that mature before 12/05/24: At maturity, 7, 10, 13, 25 and 37 Month Featured CD accounts will automatically renew into a Fixed Term CD account with the same term length unless you make a change during the 7-day grace period. Today's APY of these Fixed Term CDs is 0.03%. Your rate will be determined at maturity.
- For CDs that mature on or after 12/05/24: At maturity, 7, 10, 13, 25 and 37 Month Featured CDs will automatically renew into a 3 Month Flexible CD at a lower interest rate unless you make a change during the 7-day grace period.

A penalty may be imposed for early withdrawal.

See deposit rate sheet for minimum opening amount and available terms.

This account features a fixed interest rate until maturity.
No additional deposits can be made until maturity.
The term is 12 months.
- For CDs that mature before 12/05/24: At maturity, a 12 Month Flexible CD will automatically renew into a 9 Month Flexible CD unless you make a change during the 7-day grace period. Today's APY of the 9 Month Flexible CD is 0.01%. Your rate will be determined at maturity.
- For CDs that mature on or after 12/05/24: At maturity, a 12 Month Flexible CD will automatically renew into a 3 Month Flexible CD at a lower interest rate unless you make a change during the 7-day grace period.

Fee Type	Fee
Excess Transactions (checks paid/other debits/deposited items)	No fee for first 20 transactions per statement cycle; $0.45 per item thereafter No Excess Transaction Fee for debit card transactions, electronic debits, and checks deposited through Mobile Check Deposit, Bank of America ATM, or Remote Deposit Online
Deposit tickets	No fee
Cash Deposit Processing	No fee for first $5,000 in cash deposited per statement cycle at an ATM or Financial Center; then $0.30 per $100 deposited thereafter

Fee Type	Fee
Excess Transactions (checks paid/other debits/deposited items)	No fee for first 500 transactions per statement cycle; $0.45 per item thereafter No Excess Transaction Fee for debit card transactions, electronic debits, and checks deposited through Mobile Check Deposit, Bank of America ATM, or Remote Deposit Online.
Deposit tickets	No fee
Cash Deposit Processing	No fee for first $20,000 in cash deposited per statement cycle at an ATM or Financial Center; then $0.30 per $100 deposited thereafter

Monthly fee is deducted from interest.

Visit a Financial Center for fee information. IOLTA account opening is state specific. Due to interest payment requirements, the financial center opening the account must be located in the same state as the state bar receiving the interest.

Fee Type	Fee
Cash Deposit Processing	No fee for first $5,000 in cash deposited per statement cycle at an ATM or Financial Center; then $0.30 per $100 deposited thereafter
Deposit tickets	No fee
Deposited Items	No fee for first 25 transactions per statement cycle; $0.45 per item thereafter The Deposited Item Fee will not apply to deposits made using Remote Deposit Online, Mobile Check Deposit or at a Bank of America ATM.

This account is set to the Decline All Overdraft Setting. This means that when we determine that you do not have sufficient available funds in your account to cover an item, we will decline or return it unpaid. You may be assessed a fee by a merchant if this happens.

This account is not eligible to be enrolled in Balance Connect™ as a covered account, but can be linked as a backup account.

Fee Type	Fee
Rush Replacement ATM or Debit Card Fee	Fee: $15.00 per card Fee for each requested rush delivery of a replacement ATM or debit card. Preferred Rewards for Business members, or clients that ask for a rush replacement ATM or debit card due to a fraud event, qualify for a waiver of the ATM and Debit Card Rush Replacement Fee.
Non-Bank of America Teller Withdrawal Fee	Fee: For each transaction, the greater of $5.00 OR 3% of the dollar amount of the transaction, up to a maximum of $10.00 Fee applies when you authorize another financial institution to use your card or card number to conduct a transaction (such as a withdrawal, transfer, or payment) and the other financial institution processes the transaction as a cash disbursement.
International Transaction Fee	Fee: 3% of the U.S. dollar amount of the transaction Fee applies if you use your ATM or debit card to purchase goods or services in a foreign currency (a “foreign transaction”). Foreign transactions include internet transactions made in the U.S. but with a merchant who processes the transaction in a foreign currency. Fee also applies if you use your card to obtain foreign currency from an ATM. Visa® or Mastercard® converts the transaction into a U.S. dollar amount, and the International Transaction Fee applies to that converted U.S. dollar amount. ATM fees may also apply to ATM transactions. See ATM Fees section below. See disclosure information that accompanied your card for more information about this fee.

Fee Type	Fee
Bank of America ATM Fee for: Withdrawals, deposits, transfers, payments and balance inquiries at a Bank of America ATM	Fee: No ATM fee* Bank of America ATM — an ATM that prominently displays the Bank of America name and logo on the ATM. *Transaction fees may apply to some accounts. See account descriptions in this schedule.
Non-Bank of America ATM Fee for: Withdrawals and transfers at a non-Bank of America ATM located in the U.S.	Fee: $2.50 each Non-Bank of America ATM — an ATM that does not prominently display the Bank of America name and logo on the ATM. When you use a non-Bank of America ATM, you may also be charged a fee by the ATM operator or any network used. The non-Bank of America ATM fees do not apply at some ATMs located outside the United States. Call us before you travel internationally for current information about banks participating in the program. See the disclosure information that accompanied your card for other fees that may apply. Non-Bank of America ATM fees are in addition to other account fees that may apply to the transaction. Members in the Preferred Rewards for Business Platinum tier using a Bank of America Debit or ATM card are not charged the non-Bank of America ATM fee for one withdrawal and one transfer per statement cycle from a non-Bank of America ATM in the U.S., and receive a refund of the ATM operator fee for one withdrawal and one transfer per statement cycle from a non-Bank of America ATM in the U.S. Members in the Preferred Rewards for Business Platinum Honors tier using a Bank of America Debit or ATM card are not charged the non-Bank of America ATM fee for withdrawals and transfers from non-Bank of America ATMs in the U.S., and receive a refund of the ATM operator fee for withdrawals and transfers from non-Bank of America ATMs in the U.S.
Non-Bank of America ATM Fee for: Withdrawals and transfers at a non-Bank of America ATM located in a foreign country	Fee: $5.00 each Non-Bank of America ATM — an ATM that does not prominently display the Bank of America name and logo on the ATM. When you use a non-Bank of America ATM, you may also be charged a fee by the ATM operator or any network used. The non-Bank of America ATM fees do not apply at some ATMs located outside the United States. Call us before you travel internationally for current information about banks participating in the program. See the disclosure information that accompanied your card for other fees that may apply. Non-Bank of America ATM fees are in addition to other account fees that may apply to the transaction. Members in the Preferred Rewards for Business Platinum tier using a Bank of America Debit or ATM card are not charged the non-Bank of America ATM fee for one withdrawal and one transfer per statement cycle from a non-Bank of America ATM in the U.S., and receive a refund of the ATM operator fee for one withdrawal and one transfer per statement cycle from a non-Bank of America ATM in the U.S. Members in the Preferred Rewards for Business Platinum Honors tier using a Bank of America Debit or ATM card are not charged the non-Bank of America ATM fee for withdrawals and transfers from non-Bank of America ATMs in the U.S., and receive a refund of the ATM operator fee for withdrawals and transfers from non-Bank of America ATMs in the U.S.

Fee Type	Fee
Certificate of Protest	Fee: $25.00 This fee only applies to accounts in New York.

A fee may be assessed to a payee presenting a check that you issued if the payee is not a Bank of America relationship customer. A Bank of America relationship customer is an account owner of a deposit account (checking, savings, CD), Individual Retirement Account (IRA), loan, credit card, mortgage, safe deposit box or a Merrill investment account.

Fee Type	Fee
Bank of America customer	Fee: No fee
Nonrelationship customer	Fee: $8.00 per check Applies to checks drawn on Bank of America business accounts.

Fee Type	Fee
Check Safekeeping Service	Fee: No fee We store copies of cancelled checks for seven years and do not return them with your statement. Our Business Advantage 360 service (our Small Business Online Banking) allows you to view and print copies of checks that posted to your account within the last 18 months.
Check Image Service	Fee: No Fee You can view and print copies of the front and back of checks posted within the last 18 months in Business Advantage 360. You can also request check copies by visiting your nearest Bank of America financial center or calling the customer service number on your statement.

Fee Type	Fee
Check Copy	Fee: No Fee Check copies can be viewed and/or printed in Business Advantage 360.
Statement Copy	Fee: No Fee Statements can be viewed and/or printed in Business Advantage 360. For information about which statements are available in Business Advantage 360, please review the Statements and Documents tab.
Deposit slips and other credit items	Fee: No Fee Deposit slips and other credit items can be viewed and/or printed in Business Advantage 360. For information about which deposit slips and other credit items are available in Business Advantage 360, please review the Activity tab.

Fee Type	Fee
Deposited Item Recleared Fee (Redeposit Fee)	Fee: $14.00 each item For information about the optional Deposited Item Recleared service, please call the number on your statement or visit your local financial center.

Fee Type	Fee
Overdraft Item Fee	Fee: $10 each item When you do not have enough available funds in your account to cover an item, we may either pay the item and overdraw your account (an overdraft item) or we may decline or return the item unpaid (an NSF: returned item). We may charge you a fee for each Overdraft item over $1.00. We do not charge you an Overdraft Item Fee for any item that overdraws your account by $1.00 or less. Some common examples of items are a check, an in-person withdrawal slip, an ATM withdrawal or another electronic instruction (such as a debit card purchase). Please see the Deposit Agreement and Disclosures for more information about overdraft items and how we process and post these items. We will not charge more than 2 overdraft item fees in a day. To help you manage your account, we recommend that you use Business Advantage 360, Online Alerts and Balance Connect® for overdraft protection from your linked Bank of America business deposit account, business credit card or business line of credit. As an example, use low balance Alerts to notify you when your balance drops below an amount you set. Business Advantage Savings accounts do not have Overdraft Item Fees. Under the NACHA Operating Rules, a merchant or payee, or its financial institution is required to label an ACH submission that has been resubmitted after the previous submission was returned for insufficient funds as a "RETRY PYMT" or “REDEPCHECK.” We do not charge you an Overdraft Item Fee on any ACH submission labeled as a "RETRY PYMT" or “REDEPCHECK” in the data transmitted through the ACH Network. For example, if you authorize your cable company to debit your account on a one-time or recurring basis and the resulting ACH submission is returned for insufficient funds, we will not charge you an Overdraft Item Fee on a resubmission as long as the resubmission bears the "RETRY PYMT" or “REDEPCHECK” label. However, because we cannot reliably identify ACH resubmissions that are not labeled "RETRY PYMT" or “REDEPCHECK” by the merchant or payee, or its financial institution, if your cable company resubmits the ACH submission without the "RETRY PYMT" or “REDEPCHECK” label, you may incur an additional and separate Overdraft Item Fee. We have no control over how merchants label their ACH submissions or resubmissions. If you believe that a resubmitted electronic transfer was mislabeled and you were improperly charged a fee, you must notify the Bank within the timeframes established by the Deposit Agreement and Disclosures and the Electronic Fund Transfer Act. See Deposit Agreement and Disclosures sections titled Reporting Problems and Funds Transfer Services.

Fee Type

Fee

Overdraft Item Fee

Fee: $10 each item

When you do not have enough available funds in your account to cover an item, we may either pay the item and overdraw your account (an overdraft item) or we may decline or return the item unpaid (an NSF: returned item). We may charge you a fee for each Overdraft item over $1.00. We do not charge you an Overdraft Item Fee for any item that overdraws your account by $1.00 or less. Some common examples of items are a check, an in-person withdrawal slip, an ATM withdrawal or another electronic instruction (such as a debit card purchase). Please see the Deposit Agreement and Disclosures for more information about overdraft items and how we process and post these items. We will not charge more than 2 overdraft item fees in a day.
To help you manage your account, we recommend that you use Business Advantage 360, Online Alerts and Balance Connect® for overdraft protection from your linked Bank of America business deposit account, business credit card or business line of credit. As an example, use low balance Alerts to notify you when your balance drops below an amount you set.
Business Advantage Savings accounts do not have Overdraft Item Fees.
Under the NACHA Operating Rules, a merchant or payee, or its financial institution is required to label an ACH submission that has been resubmitted after the previous submission was returned for insufficient funds as a "RETRY PYMT" or “REDEPCHECK.” We do not charge you an Overdraft Item Fee on any ACH submission labeled as a "RETRY PYMT" or “REDEPCHECK” in the data transmitted through the ACH Network. For example, if you authorize your cable company to debit your account on a one-time or recurring basis and the resulting ACH submission is returned for insufficient funds, we will not charge you an Overdraft Item Fee on a resubmission as long as the resubmission bears the "RETRY PYMT" or “REDEPCHECK” label. However, because we cannot reliably identify ACH resubmissions that are not labeled "RETRY PYMT" or “REDEPCHECK” by the merchant or payee, or its financial institution, if your cable company resubmits the ACH submission without the "RETRY PYMT" or “REDEPCHECK” label, you may incur an additional and separate Overdraft Item Fee. We have no control over how merchants label their ACH submissions or resubmissions. If you believe that a resubmitted electronic transfer was mislabeled and you were improperly charged a fee, you must notify the Bank within the timeframes established by the Deposit Agreement and Disclosures and the Electronic Fund Transfer Act. See Deposit Agreement and Disclosures sections titled Reporting Problems and Funds Transfer Services.

Fee Type	Fee
Stop Payment Fee	Fee: $30.00 per request All accounts included in the Business Advantage Relationship Banking solution and members enrolled in the Preferred Rewards for Business qualify for a waiver of this fee.

Fee Type	Fee
Incoming or Outgoing Wire Transfers (U.S. or International)	Fee: Fee varies We may change the fees for wire transfers at any time. Visit a financial center or call us at the number on your statement for current fees. Business Advantage Relationship Banking accounts included in the solution qualify for a waiver of our standard wire fee for an incoming domestic wire and incoming international wire transfer. For international wire transfers, in addition to our standard wire transfer fee, other fees may also apply, including those charged by the recipient's financial institution, foreign taxes, and other fees that are part of the wire transfer process. Markups associated with the currency conversion are included in the Bank of America exchange rate. When deciding between sending in foreign currency or U.S. Dollars, you should consider factors that impact the total cost to send or the amount available after transfer, such as exchange rates and other fees. Preferred Rewards for Business members qualify for a waiver of our standard wire fee for incoming domestic wire transfers. The standard wire fee for incoming international wire transfers is only waived for Preferred Rewards for Business members in the Platinum and Platinum Honors tiers. Only Preferred Rewards for Business members in the Platinum Honors tier qualify for a waiver of our standard wire fee for outbound domestic and international wires sent in U.S. Dollars for the first four (4) wires sent per statement cycle through the online channel (includes wires sent through Business Advantage 360 and Direct Payments). Wires sent via CashPro are not eligible for the fee waiver.

Fee Type

Fee

Incoming or Outgoing Wire Transfers (U.S. or International)

Fee: Fee varies

We may change the fees for wire transfers at any time. Visit a financial center or call us at the number on your statement for current fees.
Business Advantage Relationship Banking accounts included in the solution qualify for a waiver of our standard wire fee for an incoming domestic wire and incoming international wire transfer.
For international wire transfers, in addition to our standard wire transfer fee, other fees may also apply, including those charged by the recipient's financial institution, foreign taxes, and other fees that are part of the wire transfer process. Markups associated with the currency conversion are included in the Bank of America exchange rate.
When deciding between sending in foreign currency or U.S. Dollars, you should consider factors that impact the total cost to send or the amount available after transfer, such as exchange rates and other fees.
Preferred Rewards for Business members qualify for a waiver of our standard wire fee for incoming domestic wire transfers. The standard wire fee for incoming international wire transfers is only waived for Preferred Rewards for Business members in the Platinum and Platinum Honors tiers.
Only Preferred Rewards for Business members in the Platinum Honors tier qualify for a waiver of our standard wire fee for outbound domestic and international wires sent in U.S. Dollars for the first four (4) wires sent per statement cycle through the online channel (includes wires sent through Business Advantage 360 and Direct Payments). Wires sent via CashPro are not eligible for the fee waiver.

Service Fees & Other Information

Fee Type	Fee
Excess Transactions (checks paid/other debits/deposited items)	No fee for first 20 transactions per statement cycle; $0.45 per item thereafter No Excess Transaction Fee for debit card transactions, electronic debits, and checks deposited through Mobile Check Deposit, Bank of America ATM, or Remote Deposit Online
Deposit tickets	No fee
Cash Deposit Processing	No fee for first $5,000 in cash deposited per statement cycle at an ATM or Financial Center; then $0.30 per $100 deposited thereafter

Fee Type	Fee
Excess Transactions (checks paid/other debits/deposited items)	No fee for first 500 transactions per statement cycle; $0.45 per item thereafter No Excess Transaction Fee for debit card transactions, electronic debits, and checks deposited through Mobile Check Deposit, Bank of America ATM, or Remote Deposit Online.
Deposit tickets	No fee
Cash Deposit Processing	No fee for first $20,000 in cash deposited per statement cycle at an ATM or Financial Center; then $0.30 per $100 deposited thereafter

Monthly fee is deducted from interest.

Fee Type	Fee
Cash Deposit Processing	No fee for first $5,000 in cash deposited per statement cycle at an ATM or Financial Center; then $0.30 per $100 deposited thereafter
Deposit tickets	No fee
Deposited Items	No fee for first 25 transactions per statement cycle; $0.45 per item thereafter The Deposited Item Fee will not apply to deposits made using Remote Deposit Online, Mobile Check Deposit or at a Bank of America ATM.

This account is not eligible to be enrolled in Balance Connect™ as a covered account, but can be linked as a backup account.

Fee Type	Fee
Rush Replacement ATM or Debit Card Fee	Fee: $15.00 per card Fee for each requested rush delivery of a replacement ATM or debit card. Preferred Rewards for Business members, or clients that ask for a rush replacement ATM or debit card due to a fraud event, qualify for a waiver of the ATM and Debit Card Rush Replacement Fee.
Non-Bank of America Teller Withdrawal Fee	Fee: For each transaction, the greater of $5.00 OR 3% of the dollar amount of the transaction, up to a maximum of $10.00 Fee applies when you authorize another financial institution to use your card or card number to conduct a transaction (such as a withdrawal, transfer, or payment) and the other financial institution processes the transaction as a cash disbursement.
International Transaction Fee	Fee: 3% of the U.S. dollar amount of the transaction Fee applies if you use your ATM or debit card to purchase goods or services in a foreign currency (a “foreign transaction”). Foreign transactions include internet transactions made in the U.S. but with a merchant who processes the transaction in a foreign currency. Fee also applies if you use your card to obtain foreign currency from an ATM. Visa® or Mastercard® converts the transaction into a U.S. dollar amount, and the International Transaction Fee applies to that converted U.S. dollar amount. ATM fees may also apply to ATM transactions. See ATM Fees section below. See disclosure information that accompanied your card for more information about this fee.

Fee Type	Fee
Bank of America ATM Fee for: Withdrawals, deposits, transfers, payments and balance inquiries at a Bank of America ATM	Fee: No ATM fee* Bank of America ATM — an ATM that prominently displays the Bank of America name and logo on the ATM. *Transaction fees may apply to some accounts. See account descriptions in this schedule.
Non-Bank of America ATM Fee for: Withdrawals and transfers at a non-Bank of America ATM located in the U.S.	Fee: $2.50 each Non-Bank of America ATM — an ATM that does not prominently display the Bank of America name and logo on the ATM. When you use a non-Bank of America ATM, you may also be charged a fee by the ATM operator or any network used. The non-Bank of America ATM fees do not apply at some ATMs located outside the United States. Call us before you travel internationally for current information about banks participating in the program. See the disclosure information that accompanied your card for other fees that may apply. Non-Bank of America ATM fees are in addition to other account fees that may apply to the transaction. Members in the Preferred Rewards for Business Platinum tier using a Bank of America Debit or ATM card are not charged the non-Bank of America ATM fee for one withdrawal and one transfer per statement cycle from a non-Bank of America ATM in the U.S., and receive a refund of the ATM operator fee for one withdrawal and one transfer per statement cycle from a non-Bank of America ATM in the U.S. Members in the Preferred Rewards for Business Platinum Honors tier using a Bank of America Debit or ATM card are not charged the non-Bank of America ATM fee for withdrawals and transfers from non-Bank of America ATMs in the U.S., and receive a refund of the ATM operator fee for withdrawals and transfers from non-Bank of America ATMs in the U.S.
Non-Bank of America ATM Fee for: Withdrawals and transfers at a non-Bank of America ATM located in a foreign country	Fee: $5.00 each Non-Bank of America ATM — an ATM that does not prominently display the Bank of America name and logo on the ATM. When you use a non-Bank of America ATM, you may also be charged a fee by the ATM operator or any network used. The non-Bank of America ATM fees do not apply at some ATMs located outside the United States. Call us before you travel internationally for current information about banks participating in the program. See the disclosure information that accompanied your card for other fees that may apply. Non-Bank of America ATM fees are in addition to other account fees that may apply to the transaction. Members in the Preferred Rewards for Business Platinum tier using a Bank of America Debit or ATM card are not charged the non-Bank of America ATM fee for one withdrawal and one transfer per statement cycle from a non-Bank of America ATM in the U.S., and receive a refund of the ATM operator fee for one withdrawal and one transfer per statement cycle from a non-Bank of America ATM in the U.S. Members in the Preferred Rewards for Business Platinum Honors tier using a Bank of America Debit or ATM card are not charged the non-Bank of America ATM fee for withdrawals and transfers from non-Bank of America ATMs in the U.S., and receive a refund of the ATM operator fee for withdrawals and transfers from non-Bank of America ATMs in the U.S.

Fee Type	Fee
Certificate of Protest	Fee: $25.00 This fee only applies to accounts in New York.

Fee Type	Fee
Bank of America customer	Fee: No fee
Nonrelationship customer	Fee: $8.00 per check Applies to checks drawn on Bank of America business accounts.

Fee Type	Fee
Check Safekeeping Service	Fee: No fee We store copies of cancelled checks for seven years and do not return them with your statement. Our Business Advantage 360 service (our Small Business Online Banking) allows you to view and print copies of checks that posted to your account within the last 18 months.
Check Image Service	Fee: No Fee You can view and print copies of the front and back of checks posted within the last 18 months in Business Advantage 360. You can also request check copies by visiting your nearest Bank of America financial center or calling the customer service number on your statement.

Fee Type	Fee
Check Copy	Fee: No Fee Check copies can be viewed and/or printed in Business Advantage 360.
Statement Copy	Fee: No Fee Statements can be viewed and/or printed in Business Advantage 360. For information about which statements are available in Business Advantage 360, please review the Statements and Documents tab.
Deposit slips and other credit items	Fee: No Fee Deposit slips and other credit items can be viewed and/or printed in Business Advantage 360. For information about which deposit slips and other credit items are available in Business Advantage 360, please review the Activity tab.

Fee Type	Fee
Deposited Item Recleared Fee (Redeposit Fee)	Fee: $14.00 each item For information about the optional Deposited Item Recleared service, please call the number on your statement or visit your local financial center.

Fee Type	Fee
Overdraft Item Fee	Fee: $10 each item When you do not have enough available funds in your account to cover an item, we may either pay the item and overdraw your account (an overdraft item) or we may decline or return the item unpaid (an NSF: returned item). We may charge you a fee for each Overdraft item over $1.00. We do not charge you an Overdraft Item Fee for any item that overdraws your account by $1.00 or less. Some common examples of items are a check, an in-person withdrawal slip, an ATM withdrawal or another electronic instruction (such as a debit card purchase). Please see the Deposit Agreement and Disclosures for more information about overdraft items and how we process and post these items. We will not charge more than 2 overdraft item fees in a day. To help you manage your account, we recommend that you use Business Advantage 360, Online Alerts and Balance Connect® for overdraft protection from your linked Bank of America business deposit account, business credit card or business line of credit. As an example, use low balance Alerts to notify you when your balance drops below an amount you set. Business Advantage Savings accounts do not have Overdraft Item Fees. Under the NACHA Operating Rules, a merchant or payee, or its financial institution is required to label an ACH submission that has been resubmitted after the previous submission was returned for insufficient funds as a "RETRY PYMT" or “REDEPCHECK.” We do not charge you an Overdraft Item Fee on any ACH submission labeled as a "RETRY PYMT" or “REDEPCHECK” in the data transmitted through the ACH Network. For example, if you authorize your cable company to debit your account on a one-time or recurring basis and the resulting ACH submission is returned for insufficient funds, we will not charge you an Overdraft Item Fee on a resubmission as long as the resubmission bears the "RETRY PYMT" or “REDEPCHECK” label. However, because we cannot reliably identify ACH resubmissions that are not labeled "RETRY PYMT" or “REDEPCHECK” by the merchant or payee, or its financial institution, if your cable company resubmits the ACH submission without the "RETRY PYMT" or “REDEPCHECK” label, you may incur an additional and separate Overdraft Item Fee. We have no control over how merchants label their ACH submissions or resubmissions. If you believe that a resubmitted electronic transfer was mislabeled and you were improperly charged a fee, you must notify the Bank within the timeframes established by the Deposit Agreement and Disclosures and the Electronic Fund Transfer Act. See Deposit Agreement and Disclosures sections titled Reporting Problems and Funds Transfer Services.

Fee Type

Fee

Overdraft Item Fee

Fee: $10 each item

When you do not have enough available funds in your account to cover an item, we may either pay the item and overdraw your account (an overdraft item) or we may decline or return the item unpaid (an NSF: returned item). We may charge you a fee for each Overdraft item over $1.00. We do not charge you an Overdraft Item Fee for any item that overdraws your account by $1.00 or less. Some common examples of items are a check, an in-person withdrawal slip, an ATM withdrawal or another electronic instruction (such as a debit card purchase). Please see the Deposit Agreement and Disclosures for more information about overdraft items and how we process and post these items. We will not charge more than 2 overdraft item fees in a day.
To help you manage your account, we recommend that you use Business Advantage 360, Online Alerts and Balance Connect® for overdraft protection from your linked Bank of America business deposit account, business credit card or business line of credit. As an example, use low balance Alerts to notify you when your balance drops below an amount you set.
Business Advantage Savings accounts do not have Overdraft Item Fees.
Under the NACHA Operating Rules, a merchant or payee, or its financial institution is required to label an ACH submission that has been resubmitted after the previous submission was returned for insufficient funds as a "RETRY PYMT" or “REDEPCHECK.” We do not charge you an Overdraft Item Fee on any ACH submission labeled as a "RETRY PYMT" or “REDEPCHECK” in the data transmitted through the ACH Network. For example, if you authorize your cable company to debit your account on a one-time or recurring basis and the resulting ACH submission is returned for insufficient funds, we will not charge you an Overdraft Item Fee on a resubmission as long as the resubmission bears the "RETRY PYMT" or “REDEPCHECK” label. However, because we cannot reliably identify ACH resubmissions that are not labeled "RETRY PYMT" or “REDEPCHECK” by the merchant or payee, or its financial institution, if your cable company resubmits the ACH submission without the "RETRY PYMT" or “REDEPCHECK” label, you may incur an additional and separate Overdraft Item Fee. We have no control over how merchants label their ACH submissions or resubmissions. If you believe that a resubmitted electronic transfer was mislabeled and you were improperly charged a fee, you must notify the Bank within the timeframes established by the Deposit Agreement and Disclosures and the Electronic Fund Transfer Act. See Deposit Agreement and Disclosures sections titled Reporting Problems and Funds Transfer Services.

Fee Type	Fee
Stop Payment Fee	Fee: $30.00 per request All accounts included in the Business Advantage Relationship Banking solution and members enrolled in the Preferred Rewards for Business qualify for a waiver of this fee.

Fee Type	Fee
Incoming or Outgoing Wire Transfers (U.S. or International)	Fee: Fee varies We may change the fees for wire transfers at any time. Visit a financial center or call us at the number on your statement for current fees. Business Advantage Relationship Banking accounts included in the solution qualify for a waiver of our standard wire fee for an incoming domestic wire and incoming international wire transfer. For international wire transfers, in addition to our standard wire transfer fee, other fees may also apply, including those charged by the recipient's financial institution, foreign taxes, and other fees that are part of the wire transfer process. Markups associated with the currency conversion are included in the Bank of America exchange rate. When deciding between sending in foreign currency or U.S. Dollars, you should consider factors that impact the total cost to send or the amount available after transfer, such as exchange rates and other fees. Preferred Rewards for Business members qualify for a waiver of our standard wire fee for incoming domestic wire transfers. The standard wire fee for incoming international wire transfers is only waived for Preferred Rewards for Business members in the Platinum and Platinum Honors tiers. Only Preferred Rewards for Business members in the Platinum Honors tier qualify for a waiver of our standard wire fee for outbound domestic and international wires sent in U.S. Dollars for the first four (4) wires sent per statement cycle through the online channel (includes wires sent through Business Advantage 360 and Direct Payments). Wires sent via CashPro are not eligible for the fee waiver.

Fee Type

Fee

Incoming or Outgoing Wire Transfers (U.S. or International)

Fee: Fee varies

We may change the fees for wire transfers at any time. Visit a financial center or call us at the number on your statement for current fees.
Business Advantage Relationship Banking accounts included in the solution qualify for a waiver of our standard wire fee for an incoming domestic wire and incoming international wire transfer.
For international wire transfers, in addition to our standard wire transfer fee, other fees may also apply, including those charged by the recipient's financial institution, foreign taxes, and other fees that are part of the wire transfer process. Markups associated with the currency conversion are included in the Bank of America exchange rate.
When deciding between sending in foreign currency or U.S. Dollars, you should consider factors that impact the total cost to send or the amount available after transfer, such as exchange rates and other fees.
Preferred Rewards for Business members qualify for a waiver of our standard wire fee for incoming domestic wire transfers. The standard wire fee for incoming international wire transfers is only waived for Preferred Rewards for Business members in the Platinum and Platinum Honors tiers.
Only Preferred Rewards for Business members in the Platinum Honors tier qualify for a waiver of our standard wire fee for outbound domestic and international wires sent in U.S. Dollars for the first four (4) wires sent per statement cycle through the online channel (includes wires sent through Business Advantage 360 and Direct Payments). Wires sent via CashPro are not eligible for the fee waiver.

If you opened an account in Metro New York, for a printed version of the complete list of account fees, see the Business Schedule of Fees for Metro New York, also available at your financial center.

If you opened an account in Upstate New York, for a printed version of the complete list of account fees, see the Business Schedule of Fees for Upstate New York, also available at your financial center.

View more detailed information about your accountsBusiness Advantage Fundamentals™ Banking Clarity StatementBusiness Advantage Relationship Banking Clarity StatementBusiness Schedule of FeesDeposit Agreement and DisclosuresExplore Small Business Checking Accounts

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