Bank of America fee schedule overview for Webster businesses

By Pablo Diaz · I left BoA after years as a customer. Read the full story →

Most TX business owners I talk to do not know the full BoA fee structure until they have already paid it. The schedule below is from BoA's own published fee disclosures, plus the public CFPB record on practices that have been the subject of enforcement.

Fee schedule overview

BoA's main small business fee categories: monthly maintenance ($16/mo Business Advantage Fundamentals, waived with $5,000 avg balance), wire transfers ($30 domestic / $45 international), out-of-network ATMs ($2.50 + third-party fee), overdraft fees (subject to CFPB 2023 enforcement on stacking practices), foreign transactions (~3% on most cards), and per-product minimum balance fees on relationship products. Each is on BoA's published fee disclosure page. The CFPB consumer complaint database has tens of thousands of fee-related complaints filed against Bank of America for additional public-record context. Source-of-truth fee schedule: https://www.bankofamerica.com/smallbusiness/business-financing/checking-accounts/

Webster context

Most Webster business owners I see auditing fees compare BoA vs Mercury or RHO. The fee structure below is the BoA-side data. Mercury and RHO sides are at noizz.io/business-banking/webster-tx.

Public regulator record on BoA fees

• CFPB 2023 enforcement order — $250M total — junk fees, double-charged overdraft fees, withheld credit-card rewards, fake accounts.
• CFPB Consumer Complaint Database — Bank of America — public, searchable, tens of thousands of complaints (a large share fee-related).
• BoA business checking fee disclosure — source-of-truth for current published rates. Verify before acting.

If you want to dispute a BoA fee in Webster

1. Pull the statement showing the fee. Screenshot it.
2. Compare against BoA's published fee schedule. If it does not match, document the discrepancy.
3. Request a written explanation through BoA secure message. Save the response.
4. If the explanation is unsatisfactory, file a CFPB complaint at consumerfinance.gov/complaint with the documentation. Free, public, and tends to get a documented response.
5. For overdraft-fee disputes specifically: reference the CFPB 2023 order in your complaint if your situation matches the practices it cited.

Other TX cities

• BoA fees in Houston, TX
• BoA fees in Pasadena, TX
• BoA fees in Pearland, TX
• BoA fees in Sugar Land, TX
• BoA fees in League City, TX
• BoA fees in Baytown, TX
• BoA customer-experience review for Webster →
• Webster consumer-banking rights →
• Compare 50+ business banks for Webster (Noizz) →