Bank of America Business for business in Australia: Not available
- Key eligibility
- A business registered in the United States with United States based ownership. The product is United States small business banking, not a Australia account.
- Non resident position
- Not served as a local account in Australia. Bank of America serves Australia only through corporate and investment banking from its Sydney office.
- Local currency support
- United States dollars. No Australian dollar account or local Australia account details.
- Headline monthly fee
- Not applicable in Australia. The United States entry account is Business Advantage Fundamentals, but it is not offered in Australia.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Does Bank of America Business serve business customers in Australia?
No. Bank of America has operated in Australia since 1964 from a Sydney office, but that office serves corporate, government and institutional clients with corporate and investment banking. It does not offer small business checking or savings accounts to companies registered in Australia. That institutional business is a separate service from a small business deposit account, so a typical company in Australia falls outside it. As of 12 March 2026.
Eligibility for businesses in Australia
Because Bank of America Business onboards only United States registered businesses with United States based ownership, a company registered in Australia does not qualify for the small business product. A large institutional client may have a corporate and investment banking relationship with Bank of America in the region, but that is arranged directly through its institutional teams and is not the same as opening a business checking account. Verify with the provider
What it costs locally
There is no local Australia pricing for Bank of America Business, because the small business product is not offered there. In the United States the entry account, Business Advantage Fundamentals, carries a monthly fee that can be waived under certain conditions, and balances are held in United States dollars. The Australian dollar and local account details are not supported. As of 12 March 2026
What local users report
There is no base of Australia small business users for Bank of America Business, since the product is not available in the market. Companies in Australia that want business banking generally use local banks and cross border providers that operate in the market, while Bank of America in the region works with institutional clients rather than small businesses. As of 12 March 2026, confirm the current position with each provider before relying on it.
Questions about Bank of America Business in Australia
Is Bank of America Business available for business in Australia?
Can a business in Australia open a Bank of America business account?
Does Bank of America Business support the Australian dollar?
What can a business in Australia use instead?
Availability, fees, and eligibility change. This page was last reviewed on 12 March 2026. Confirm the current position with Bank of America Business before applying.