Bank of America vs Relay
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| Learn More | Visit Site | |
Bank of America | Relay | |
|---|---|---|
Bank of America Advantage Banking - Up to $500 Cash Offer | No-Fee Business Checking - | |
Benefits and Features | ||
| Savings | Bank of America Advantage Savings Standard Rate: 0.04% APY | Earn up to 3.00% APY. Earn 1.11% APY on Starter Plan, 1.75% APY on Grow Plan, and 3.00% APY on Scale Plan. |
| CD |
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| Checking | Up to 20 individual business checking accounts; no monthly fees; no overdraft fees | |
| Monthly Fee | ||
| APY | ||
| Minimum Deposit to Open | ||
| Mobile App | ||
| ACH Transfer Fee | ||
| ATMs | ||
| Balance Requirement | ||
| Cash Deposit Fee | $0 for cash deposits at Allpoint ATMs | |
| Customer Service |
| Phone: Monday - Friday, 9 am - 5 pm ET; Email: Everyday |
| Incoming Wire Transfer Fee | ||
| IRA CD | ||
| Locations | ||
| Out of Network ATM Fee | ||
| Outgoing Wire Transfer Fee | $8 for domestic; $5 (Local Network), $25 (SWIFT Network) for international | |
| Overdraft Fee | ||
CreditDonkey® Reviews | ||
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| Checking | ||
| Fees | ||
| Mobile App | ||
| Customer Service | ||
| Pros & Cons | Pros:
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| Bottom Line | | One of the best online business banking accounts for large teams... |
| Learn More | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Bank of America: Pricing information from published website as of 09/17/2026 based on 91107 zip code. | ||
Bank of America Advantage Banking - Up to $500 Cash Offer
- The up to $500 cash offer must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 01/31/2027.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits*
into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct
Deposits received in the first 90 days of account opening.
Cash Bonus Total Direct Deposits $100 $2,000 $300 $5,000 $500 $10,000+ - After the Deposit Period ends, and once you satisfy all the requirements, we will attempt to deposit the earned bonus directly into your new eligible personal checking account within sixty (60) days. The new eligible personal checking account must be open and in good standing up to and including the date any earned bonus is paid.
- Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC
No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Earn up to 3.00% APY with automated savings
- Issue up to 50 Visa® debit cards to your team
25% Discount on Scale Plan
Get Scale Plan for $90/month instead of $120/month. This offer is for a limited time only and may change without notice.













