Bank of America brings you online business accounts. They make banking easy and offer strong financial solutions for your company. With these accounts, businesses can manage their money smoothly and handle financial stuff online. They get immediate updates on their balance, track pending transactions, and look at a year’s worth of transactions online.
Bank of America ensures their business accounts are very secure online. Plus, they give away Dun & Bradstreet business credit scores for free. This helps businesses feel secure and understand their credit score better.
Key Takeaways:
- Bank of America offers online business accounts that provide convenient banking and robust financial management solutions.
- Businesses can streamline their finances and easily manage their financial transactions online.
- Bank of America’s online business accounts provide real-time balance information, pending transactions, and 12 months of sortable online transactions.
- Industry-standard online security and free access to Dun & Bradstreet business credit scores are included.
- These accounts offer businesses peace of mind and valuable insights into their creditworthiness.
Access to a wide range of account management tools
Bank of America’s online business accounts offer a huge variety of tools. These tools help businesses manage their finances easily online. Everything from checking to credit cards is in one spot for quick handling.
One standout feature is the ability to do many account tasks yourself. Businesses can order checks, make stop payments, and get account alerts. This gives them complete power over their money moves.
There’s also the option to pay bills and transfer money online. This makes sending payments or checks to anyone, like employees or companies, fast and secure. It keeps financial deals on time and error-free.
Bank of America makes sure everything works smoothly together. It links with QuickBooks Online and QuickBooks Desktop. This connection helps save time and keep financial records up to date without extra effort.
Plus, making payroll is simpler with these tools. Businesses can pay their team without spending time on manual math. This means employees get their money on time, every time.
These online tools make managing money a breeze for businesses. They help stay organized and let companies focus on growing. It’s all about simplifying the financial side of running a business.
Online check deposits and easy access to funds
Bank of America’s online business accounts make handling money easy. Businesses can deposit checks online with Remote Deposit Online. This means you don’t need to visit a bank to cash checks.
This feature saves time and effort for businesses. It lets businesses manage their cash when it’s convenient for them.
Moreover, Bank of America offers quick access to money. You can transfer funds the same day or next day, whether it’s local or overseas. This includes moving money between Bank of America and other accounts.
Having this kind of access is great for managing cash flow. It helps businesses meet their financial needs promptly.
Bank of America’s online tools help businesses stay on top of their finances. With online check deposits and easy money access, companies can focus more on their success. They’re not slowed down by financial tasks.
Business Advantage Fundamentals™ and Relationship Banking
Bank of America has two great choices for business accounts. These are Business Advantage Fundamentals™ and Relationship Banking. Each is tailored to meet different business needs. They aim to make banking and managing money easier for businesses.
Business Advantage Fundamentals™
This account is packed with features for businesses. It includes tools like Cash Flow Monitor®, Erica, and Mobile Check Deposit. These tools make it easy for businesses to handle their money. And they can even securely deposit checks from a phone.
Though, there’s a monthly fee for this account. But, businesses can avoid this fee by meeting certain balance or transaction requirements. This way, they can keep using Business Advantage Fundamentals™ for free, getting all its benefits.
Relationship Banking
Relationship Banking from Bank of America offers a full financial package for businesses. It’s designed to help businesses manage their money better. This means it comes with benefits tailored for business use.
A big plus is getting extra accounts without extra fees. Businesses can add more accounts, like savings or money market accounts, to manage funds better. And they won’t be charged more for this service.
With Relationship Banking, businesses save money on certain fees. They don’t pay for things like incoming wire transfers or stop payments. Plus, they get help from dedicated small business specialists. These experts offer support to help businesses make smart financial choices.
Both Business Advantage Fundamentals™ and Relationship Banking offer great tools and features. They help make banking and managing money simpler for businesses. Whether it’s essential features or extra benefits, Bank of America has designed these accounts to support and grow businesses.
Preferred Rewards for Business and additional benefits
Bank of America knows businesses need more than just banking. They introduced Preferred Rewards for Business. It offers unique benefits and rewards for businesses like yours.
To get these rewards, you only need an active Bank of America Advantage Banking account. Also, have a certain balance for three months. After that, enjoy the extra advantages of the program.
Preferred Rewards for Business enhances your banking and financial management. Key benefits include:
- No fees on select banking services, saving you money.
- Rewards bonuses on approved business credit cards, to earn more.
- Interest rate boost on Business Advantage Savings accounts for higher savings.
- Discounts on interest rates for loans to help your business grow.
- Get cashback on payroll service fees with Bank of America.
- Receive financial advice with a Merrill financial solutions advisor for better business financial health.
Preferred Rewards for Business gives extra perks useful for managing your finances. You can save on fees, earn extra rewards, or get personalized financial advice. Bank of America is here to assist you.
Enhance your business banking with Preferred Rewards for Business. Enjoy its benefits. Sign up and see how it changes the game for your business!
Additional Tools and Resources
Bank of America goes beyond basic online banking. It offers small businesses extra tools and resources. These are meant to help businesses grow and succeed.
- Profile linking: Manage personal and business accounts with a single login.
- Cash Flow Monitor: It tracks cash flows, monitors transactions, and checks balance views. This keeps businesses on top of their finances.
- Business credit scores: Get insights into creditworthiness through Bank of America’s platform.
- Connected Apps: Businesses can monitor cash flow, handle expenses, and mix in external financial data in their App dashboard.
- Dedicated small business specialists: These specialists provide tailored advice to help businesses succeed.
- Resource center: It gives articles, guides, and educational resources. These help with money challenges and smart financial choices.
- Complimentary financial analysis: Enjoy a free financial check-up with Merrill financial advisors. They offer insights and tips on financial strategies.
Bank of America’s additional tools aim to make the banking experience better for small businesses. They offer vital support and advice for success.
Conclusion
Bank of America’s online business accounts come with many benefits. They help companies manage their money better. This makes it easier for businesses to focus on what they do best.
The Preferred Rewards for Business program is a big plus. It offers additional benefits and rewards to help businesses save more.
Bank of America also provides tools and resources to support businesses. Profile linking lets you manage personal and business accounts in one place. Cash flow monitoring helps keep track of money with projections and views.
They have small business specialists and a resource center too. Complimentary financial analysis with Merrill advisors is available. This guidance helps businesses to do well.
Handling things like opening new accounts and managing money daily is easy with Bank of America’s online accounts. They offer solutions that are easy to use and back businesses up all the way.
Bank of America is the right choice for online banking. They provide the support businesses need. Trust them to help make your business a success.
FAQ
What are the benefits of Bank of America’s online business accounts?
Bank of America’s online business accounts make banking easy for companies. They let you check your balance, see transactions, and manage your money easily. You also get safe online security and can see your business credit score for free.
What account management tools are available with Bank of America’s online business accounts?
These accounts give you tools to manage all your company’s finances in one place. You can pay bills, make transfers, and sync transactions with QuickBooks. They even help with calculating accurate payroll.
Can businesses deposit checks online with Bank of America’s online business accounts?
Yes, you can deposit checks online with Bank of America’s online accounts. The Remote Deposit Online service lets businesses deposit checks from their office. This means you don’t have to go to the bank.
How easy is it to access funds with Bank of America’s online business accounts?
Accessing funds is simple with Bank of America’s online accounts. You can transfer money same-day or next-day, nation-wide or abroad. This includes transferring money to and from other banks.
What are the different types of business accounts offered by Bank of America?
Bank of America offers two business account types. The Business Advantage Fundamentals™ account is great for essential tools. The Relationship Banking account gives you more like extra accounts without a monthly fee.
What is the Preferred Rewards for Business program offered by Bank of America?
The Preferred Rewards for Business program is for business perks. To join, you need an active Advantage Banking account and a three-month balance. You get rewards like no service fees, bonus rewards on credit cards, interest rate boosts, and free financial advice.
What additional tools and resources does Bank of America provide for small businesses?
Bank of America offers more than just banking. You can link profiles, monitor cash flow, check business credit scores, and track expenses with apps. They also help with accounting and payroll. You get help from small business specialists and financial advisors at Merrill for free.
How can Bank of America’s online business accounts benefit businesses?
Bank of America’s online accounts help companies manage their money better. You get easy access to account info and tools for payroll. This lets businesses focus more on what they do best.
