Bank of America Business Fundamentals Checking Fees. Monthly Fee. $13 to $18; waivable. Minimum Opening Deposit. $ With a Business Fundamentals Checking account, there is a $17 monthly fee. However, that fee will be waived in the following cases: You spend $ in net purchases on a business debit or credit card. You maintain an average monthly balance of. Service Fee. To begin, the monthly service fee for the BoA Business Fundamentals Checking will default at $18 per month (this may vary based on.