Comprehensive - Plus Added Benefits
If you have more complex business banking needs, you should consider our Business Advantage account. It offers valuable features and benefits, higher cash deposit limits, and discounts for services that are critical to your growing business.
Our online deposit platform is hosted by Blend Labs, Inc.
Business checking that works for you
Use your Business Advantage account to take advantage of a variety of features and benefits, including higher cash deposit limits, and we'll take your whole banking relationship into account.
With Business Advantage, we reward you for having your entire banking relationship with Bank of Albuquerque. Both your personal and business deposit accounts can help you avoid paying a monthly service fee.1
Your Business Advantage account comes with a free business debit card and unlimited transactions. Plus, pay securely online or through our mobile app with unlimited bill pay transactions.
With online & mobile access, you can keep track of all your transactions in one place, and access your account any time, anywhere. At a glance, you can check your balances, transfer money or set mobile alerts to tell you about your account's status.
Monthly Service Fee:
There is a monthly service fee ($30) for our Business Advantage account. However, the monthly service fee can be avoided by doing one of the following:
- Maintain a $15,000 average monthly collected balance in your Business Advantage account.
- OR, maintain a $30,000 average monthly collected balance in combined balances with your Business Advantage account and your other deposit accounts (money market, investor fund, savings, or CD balances).1 The other deposit accounts may be in the business name and also include your personal accounts. Business and personal accounts linked to your Business Advantage account to qualify as a combined balances may only be used once. For example, your CD can only be linked to one account to offset the monthly maintenance fee.
*New accounts will receive a monthly service fee grace period for 3 months to allow time to set up your account, transfer funds and link your accounts to combine balances.
Monthly in Branch Cash Deposit Fee:
Up to $15,000 cash deposited in branch per month is free; $3 per additional $1,000 cash deposited in branch thereafter
1 Accounts are not automatically linked. Please notify your banker which accounts should be linked.