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Small Business
Business Deposit FAQs
Select Your State
Business checking
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We offer 3 convenient ways to open:
- Choose your business checking account and apply online
- Call 866.283.4075
- Visit a financial center
Eligibility requirements and the required documentation to open a business checking account vary by ownership type and the state in which the account is opened. For more information, visit our small business FAQs page, call us at 866.283.4075 Mon.-Fri. 7 a.m.-10 p.m. or Sat. 7 a.m.-7 p.m. (all times ET) or visit a financial center. Learn more about what you need to open a business bank account
You can open a Bank of America business account for businesses that are located in any state where we have banking centers. Find a financial center.
We’re only able to open business accounts for businesses located in the states where we have banking centers and for businesses that have a relationship with our Corporate International offices. Please contact your local Bank of America banking center for more information.
Savings
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You have the choice of opening a business savings account at any of our banking centers, by phone or online.
Eligibility requirements and the required documentation to open a business savings account vary by ownership type and the state the account is opened. Get specific information either at a banking center, by phone or through the online application process.
CDs
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Yes. Bank of America will automatically renew the account by reinvesting funds on the maturity date, which is the first day after the term ends. We reinvest both principal and interest. You can elect to receive the interest earned on the account, a portion of the account or the entire amount of the account. The term for the automatically reinvested deposit is the same length as the previous term of the account.