|
|
Bank of America Economy Checking Account Review/Rates
Bank of America Economy business checking account rate for 2012
|
Bank of America Economy Business Checking Account Review:
Business Economy checking provides business owners more control over fees and account activity, along with guaranteed secure debit
card purchases. Ideal for start-ups and smaller businesses.
Who it's for
Business Economy Checking is designed for most businesses with:
- An average balance of less than $15,000
- Fewer than 200 checks paid and deposited items—combined—each month
- Under $5,000 cash deposited per month
Business Economy Checking features
- No monthly maintenance fee if you maintain at least one of the following:
- Enrolling in Business Fundamentals and making a monthly qualifying purchase with your Business debit card (see footnote)
- $5,000 minimum daily balance
- $10,000 average monthly balance
- No charge for the first 200 checks paid and deposited items—combined—per month
- Includes all the checking services offered with every Bank of America business checking account
Bank of America Business Economy Checking Fees:
Monthly maintenance fee when one of the following is maintained:
- Enrolling in Business Fundamentals and making a monthly qualifying purchase with your Business debit card (see footnote)
- $5,000 minimum daily balance
- $10,000 average monthly balance
|
$0
(otherwise $18.00)
|
|
Each check paid or deposited item after the first 200
|
50¢
|
|
Cash deposited after the first $5,000
|
15¢ per $100
|
|
Check enclosure service fee
An optional service where the bank returns cancelled checks with your statement.
|
$5
|
|
Check image service fee
The fee charged for returning images of your canceled checks with your monthly statements.
|
$3
|
Footnote: Bank of America will waive the monthly maintenance fee on your Business Economy Checking account for each statement period in
the month following a point-of-sale Bank of America Visa debit card purchase. For example, if you make a point-of-sale debit card purchase
in the month of August, your monthly maintenance fee credit will appear on your September statement. The following transactions do not
qualify as point-of-sale purchases: a) ATM transactions; b) credits, such as those for purchases that are cancelled or returned, or other
adjustments related to point-of-sale purchases; c) purchases of cash-like items, such as money orders, traveler’s cheques, foreign currency,
cashier’s checks, gaming chips, and other similar instruments and things of value; d) account funding transactions, including transfers
to open or fund deposit, escrow or brokerage accounts, and purchases of stored value cards. The account must be in good standing at the
time of the purchase(s). For each month a point-of-sale debit card purchase is not made, you will be charged your usual monthly maintenance
fee if you do not meet the minimum balance requirement outlined in your Personal Schedule of Fees. We may, at our discretion and without
notice to you, amend or cancel this offer at any time.
Open Bank of America Business Economy Checking Account:
|
|