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  1. Description. How to locate and troubleshoot a transaction reason code in your Business Advantage 360 online banking Merchant Services account. What's in this article? The Reason Code field contains additional data regarding the decision response of the transaction.

    • Details You'll Need to Apply Online
    • Additional Documents We May Request If We're Unable to Verify on Your Behalf
    • What Business Owners Should Know
    Name and address of business
    Business tax ID number: Business Employer Identification Number (EIN)provided by the IRS in the following 9-digit format XX-XXXXXXX
    Date business was established (month/year)
    Country and state of legal formation (must be formed in the US)
    One of the following corporate organizing documents from the state in which the business was formed. The title of the corporate organizing document will vary by state and may be called:
    Any one of the following documents if the Corporation is doing business under a different name:
    The primary applicant must be an owner (minimum of 25% ownership in the business) or an authorized officer; additional owners listed on the application will need to have a minimum of 25% ownership
    Applicants should be U.S. residents (foreign business customers aren't eligible to apply online at this time)
    Applicants authorize Bank of America to obtain a credit report or other report or account information to help verify application information
    Online applicants agree to account servicing via electronic communication
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  3. Account Management gives you power, control and flexibility. Upgrade your Online Banking experience with Account Management from Bank of America. You'll get more control over your accounts plus increased functionality. The power to grant customized access to your accounts. Establish individual account access levels (including customized access ...

  4. To enroll you must have an active, eligible Bank of America business checking account, and maintain a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier in your combined qualifying Bank of America business accounts (such as checking, savings, certificate of deposit ...

  5. Simplify your small business banking and help your company grow with Bank of America Business Advantage. Open a business bank account, find credit cards, apply for a loan, discover cash management tools and get valuable small business banking tips.

  6. Find answers to frequently asked questions on bank account statements from Bank of America, including how to order a statement, find it online, or go paperless.

  7. The Bank of America Small Business Remote Deposit Online Service is governed by our Small Business Remote Deposit Online Service Agreement which you can access through the Customer Resources link.

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