Bank of America Promotions for Checking and Savings Account

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Bank of America Promotions

How do I get the Bank of America Promotions? This guide will help you get through the Bank of America Promotions application and eligibility requirements to get your bonus and free deposits.

Bank Of America Advantage Banking $100 Bonus Offer

  • What you’ll get: $100 bonus offer
  • Where it’s available: Nationwide
  • How to earn it:
    • Enroll in this limited offer online by using the link on the offer page or by entering the offer code DOC100CIS at the time of account opening.
    • Open a new and eligible Bank of America personal checking account online by the expiration date.
    • Set up and then receive two Qualifying Direct Deposits of up to $1,000 or more within ninety (90) days of account opening.
  • When it expires: December 31, 2021

How To Earn The $100 Bonus Offer

EARNING THE BONUS

  • Enroll in this offer online by using the link on the offer page or by entering the offer code DOC100CIS at the time of account opening.
  • Open a new eligible Bank of America personal checking account online by the expiration date.
  • Set up and then receive two Qualifying Direct Deposits of $1,000 or more within ninety (90) days of account opening.

ACCOUNT FEATURES


Bank of America Advantage SafeBalance Banking

  • Checkless banking with flexible ways to pay – pay with a debit card, Mobile, or Online banking. No paper check writing with this account setting
  • Get help spending only the money you have available.
  • No overdraft fees
  • Monthly maintenance fee waiver for any eligible students under 24

Bank of America Advantage Plus Banking 

  • Choose from multiple ways to waive the monthly maintenance fee
  • Pay with a debit card, Mobile and Online banking, or paper checks (if purchased)
  • Add optional Overdraft Protection
  • Monthly maintenance fee waiver for eligible American students under 24

Bank of America Advantage Relationship Banking

  • The Perks for higher balances, like fee waivers and interest
  • Earn interest on your balance
  • Get fee waivers on select services, including:
    • Additional checking or savings accounts
    • Incoming domestic wires
    • Standard check purchases
  • Add optional Overdraft Protection

WAIVE THE MONTHLY FEE

Bank of America Advantage SafeBalance Banking®

A monthly maintenance fee waiver for:

  • Students who are under age 24 are eligible to have this fee waived while enrolled in high school, US college, university, or to a vocational program.
  • Preferred Rewards clients get this fee waived (the waiver applies to the first 4 checking accounts).

Or pay $4.95/month

Bank of America Advantage Plus Banking

A monthly maintenance fee waiver for each statement cycle that you:

  • Have at least one qualifying direct deposit of up to $250, OR
    • Maintain a minimum daily balance of about $1,500 or more
  • Students who are under age 24 are eligible to have this fee waived while enrolled in high school, a college, university, or a vocational program.
  • Preferred Rewards clients who get this fee waived (the waiver applies to the first four checking accounts).

Or pay $12/month

Bank of America Advantage Relationship Banking

A monthly maintenance fee waiver for each statement cycle that you:

  • Maintain a combined balance* of at least a $10,000 or more in eligible linked accounts. *Combined balances include:
    • Average daily account balance in checking and savings accounts, AND
    • Current balances in the CDs and IRAs at the end of the Advantage Relationship Banking statement cycle, AND
    • Current balances (a 2 business days before the end of the Advantage Relationship Banking statement cycle) in the Merrill investment accounts
  • Preferred Rewards customers get this fee waived (waiver applies to the first 4 checking accounts).

Or pay $25/month

Bank of America Promotions AVAILABILITY

  • The offer is available exclusively online only and is limited only to new personal checking customers only; you are also not eligible for this offer if you were an owner or co-owner of a Bank of America personal checking bank account within the last twelve (12) months.
  • Fiduciary accounts (e.g., the trust accounts) are excluded.
  • Offer does not apply to business, second, or even multiple personal checking accounts.
  • Bank of America may change or even discontinue this offer at any time before the expiration date without notice.
  • “Qualifying Direct Deposit” is a direct deposit of regular monthly income – such as your salary, pension, or Social Security benefits, which are made by your employer or other payers – using account and routing numbers that you provide to them. Some Examples of non-qualifying transfers and deposits include the following: teller deposits, wire transfers, debit card transfers, direct ATM transfers or deposits, Online and Mobile Banking transfers or deposits, or transfers from a bank or brokerage account or Merrill account.
  • After you satisfy all of the requirements, Bank of America will attempt to deposit the accrued bonus directly into your new personal checking account within sixty (60) days.
  • The new personal checking bank account must be open and in good standing up to and including the date any earned bonus is paid in order to receive the bonus.
  • All account applications are subject to approval.
  • The minimum deposit required to open a Bank of America Advantage SafeBalance Banking account is $25. The minimum deposit amount required to open a Bank of America Advantage Plus Banking account is $100. The minimum deposit required to open a Bank of America Advantage Relationship Banking account is $100.
  • To receive your account bonus, you must provide all of the information they require in connection with opening the account.
  • This includes information they require to identify each account owner and to report the bonus to the Internal Revenue Service (IRS), including a duly completed IRS Form W-9 or Form W-8 (where applicable).
  • The value of this cash bonus may constitute taxable income to you.
  • Bank of America may also issue an IRS Form 1099 (or another appropriate form) to you that reflects the value of such a bonus.
  • To the extent required by American law, Bank of America may withhold tax or other amounts from the payment.
  • Please consult your tax advisor, as neither the Bank of America, its affiliates, nor their bank employees provide tax advice.
  • Reproduction, purchase, sales, transfer, or trade of this offer is prohibited.
  • Offer cannot be merged with any other offer and is limited to one bonus per new personal checking bank customer and account.
  • Balances or transactions that count towards the qualification for this offer cannot be counted towards the qualification for any other offer.

Bank Of America Personal Checking $500 Bonus Offer (Targeted)

  • What you’ll get: $500 bonus
  • Where it’s available: Targeted; must have received direct communication from BoA.
  • How to earn it:
  • Open a new Bank of America Advantage Banking account by August 31, 2021.
      • Set up and then receive qualifying direct deposits of $10,000 or more into your new account within a period of 90 days of account opening, OR
    • Make qualifying deposits of about $50,000 or more in new money within 30 days period of opening your new account and then maintain that balance for up to 90 days.
  • When it expires: 8/31/2021

How To Earn The $500 Bonus

  • Open a new Bank of America Advantage Banking account by August 31, 2021.
    • Set up and receive qualifying direct deposits of about $10,000 or more into your new account within a time span of 90 days of account opening, OR
    • Make qualifying deposits of about $50,000 or more in new money within a time span of 30 days of opening your new account and maintain that balance for 90 days.

Bank of America Promotions ACCOUNT FEATURES

Bank of America Advantage SafeBalance Banking

  • Checkless banking with flexible ways to pay – pay with a debit card, Mobile, or Online banking. No paper check writing with this account setting
  • Get help spending only the money you have available.
  • No overdraft fees
  • Monthly maintenance fee waiver for eligible students under 24

Bank of America Advantage Plus Banking 

  • Everyday banking with more ways to waive the monthly maintenance fee
  • Choose from multiple ways to waive the monthly maintenance fee
  • Pay with a debit card, Mobile and Online banking, or paper checks (if purchased)
  • Add optional Overdraft Protection
  • Monthly maintenance fee waiver for an eligible student

Bank of America Advantage Relationship Banking 

  • Perks for higher balances, like fee waivers and interest
  • Earn interest on your balance
  • Get fee waivers on select services, including:
    • Additional checking or savings accounts
    • Incoming domestic wires
    • Standard check purchases
  • Add optional Overdraft Protection.
  • This offer is limited to those individuals who receive the offer via a direct communication from Bank of America.
  • Offer is intended for new personal checking customers only; you are not eligible if you were an owner or co-owner of a Bank of America personal checking account within the last six (6) months.
  • Fiduciary accounts (e.g., for trust accounts) are excluded from this offer.
  • Offer does not apply to business, second, or even multiple personal checking accounts.
  • Bank of America may change or discontinue this offer at any time before this date without notice.
  • After you duly satisfy all of the requirements, they will attempt to deposit the earned bonus directly into your new personal checking account within a sixty (60) days period.
  • The new personal checking account must be open and be in good standing up to, and including the date, any earned bonus is paid in order to receive the bonus.
  • To receive your cash bonus, you must provide all of the information they require in connection with opening the account.
  • This includes information they require to identify each account owner and to report the bonus to the Internal Revenue Service (IRS), including a validly completed IRS Form W-9 or Form W-8 (as applicable).
  • The value of this bonus amount may constitute taxable income to you.
  • Bank of America may issue an IRS Form 1099 (or another relevant form) to you that reflects the value of such a bonus.
  • To the extent required by law, Bank of America may also withhold tax or other amounts from the payment.
  • Please consult your tax advisor, as neither Bank of America, its affiliates, nor bank of America employees provide tax advice.

This $300 – $350 bonus from Bank of America is for a new checking account, and a direct deposit is required. Some users are also reporting a targeted $500 Checking bonus when they log into their online accounts. You must not already a personal Checking account with Bank of America to qualify.

This is a targeted offer, and the terms state that you must have received this offer via a direct communication from the Bank of America.

To check if you’ve been targeted:

  • You must have a current Bank of America account (credit card, loan, etc.).
    • Log in to online banking and click on the “Special Offers & Deals” link.
    • You may also see the offer after logging out.
  • Depending on your market, you may also get targeted offers via physical mail even when you don’t have any current accounts with Bank of America.

Bank Of America $750 or $500 Business Checking Bonus (Targeted)

  • What you’ll get: $750 or $500 bonus
  • Where it’s available: Nationwide, this offer is targeted; you must have received communication from BoA.
  • How to earn it:
  • To earn the $750 bonus:
      • Make qualifying deposits of about $50,000 or more in new money into your new business checking account within 15 days of opening an account; AND
      • Maintain an average account balance of $50,000 during the Maintenance Period; AND
    • Make at least five qualifying electronic payments by the end of the Maintenance Period.
  • To earn the $500 bonus:
      • Make qualifying deposits of about $20,000 or more in new money into your new business checking account within 15 days of opening an account; AND
      • Maintain an average balance of about $20,000 during the Maintenance Period; AND
    • Make at least five qualifying electronic payments by the end of the Maintenance Period.
  • When it expires: 9/30/2021

How To Earn The Bank of America Promotions Bonus

  • The $500 and $750 bank of America bonus offers are mutually exclusive: only one bonus (about $500 or $750) per business customer, regardless of the total number of businesses owned or operated by the customer.
  • Offer only available to the customers who receive this offer via a direct communication from a Bank of America, Small Business Specialist or from a Bank of America communication.
  • This offer is intended for new customers only; you are not eligible for this offer bonus if you were an owner or signer on a Bank of America small business checking account within the last six (6) months.
  • Bank of America employees are not eligible for this kind of offer.
  • All qualifying activities must be completed duly within the stated time frames in order to be eligible for this offer.
  • Bank of America may also change or discontinue this offer at any time before this date without notice.
  • New Money is new funds deposited into your business checking account that are not transferred from other Bank of America deposit accounts and/or Merrill investment accounts. A transfer is done via ATM, online or teller, or even a transfer from a Bank of America deposit account or brokerage account, such as a Merrill account, is not considered new money. A cash withdrawal from an existing Bank of America account and also a deposit into the new checking account is not considered new money.
  • The Maintenance Period begins from sixteen (16) calendar days after account availability and ends seventy-five (75) calendar days after account opening.
  • Qualifying Electronic Payments include debit card shopping, online bill pay, and the following outgoing payments: automated clearinghouse (ACH), wire transfers, or Zelle payments.

For any queries you can use these Bank of America customer care contacts and reach out to the appropriate help desk.

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