Here you will find the latest Bank of America bonuses, offers, and promotions.
Typical offers have been for $100, $200, $300, $500, $600 and on up to $2,500.
Table of Contents
- 1 Bank of America Bonuses Review
- 1.1 Bank Of America Personal Checking $100 Bonus
- 1.2 Bank of America $2,500 Business Checking Bonus(In-Branch)
- 1.3 Bank of America $600 Business Checking Bonus (Targeted)
- 1.4 Bank of America $500 Business Checking Bonus (Targeted)
- 1.5 Bank of America $500 Business Savings Bonus (Targeted)
- 1.6 Bank of America $500 Business Checking Bonus (Targeted)
- 1.7 Bank of America $300 Business Checking Bonus (Targeted)
- 1.8 Bank of America Free Museum Admissions
- 2 Bank of America Personal Checking Accounts
- 3 Bank of America Business Checking Accounts
- 4 Get the Most Out of Your Checking Accounts
- 5 Bank of America Checking Alternatives
- 6 Bank of America Savings Accounts
- 7 Bank of America Savings Alternatives
- 8 Author’s Verdict
Bank of America Bonuses Review
Being the nation’s 2nd largest bank with nearly 5,000 branch locations, you can’t go wrong! There will be plentiful Bank of America Bank Deals & Offers that will be well worth your time!
- Bonus Offers:
- $100 Checking Bonus (12/31/2019)
- $2,500 Business Checking
- $500 Checking Bonus (12/31/2019) *Targeted*
- $500 Business Savings (12/31/2019) *Targeted*
- $500 Business Checking (12/31/2019) *Targeted*
- $600 Business Checking (12/31/2019) *Targeted*
- $300 Business Checking
- Museum Admissions
- 12 Months of McAfee
- Account Type:Bank of America Advantage Plus Banking, Bank of America Advantage Relationship Banking or a Bank of America Advantage SafeBalance Banking, Business Fundamentals, Business Advantage.
- Availability: Nationwide
- Branches: Nearly 5,000 Branches (Bank Locator)
- Credit Inquiry: Varies with Offer
- Direct Deposit Requirement: Yes
- Credit Card Funding: None
- Early Termination Fee: None
Bank of America has branches located across the following states: AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, KS, MA, MD, ME, MI, MO, NC, NH, NJ, NM, NV, NY, OK, OR, PA, RI, SC, TN, TX, UT, VA, and WA. However, personal checking and savings offers appear to be available nationwide. See below for the best Bank of America Promotions.
Although Bank of America offers great promotions, their Savings and CD accounts won’t offer the best rates so be sure to take a look at our reviews for best Savings Rates as well as best CD Rates.
Editor’s Note: If you don’t qualify for a Bank of America bonus, I recommend to check our list of all Chase Bank bonus offers. More than likely, you will find a Chase branch near you.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase SapphireSM Checking | $1,000 Cash | Review |
| Chase Total Business Checking® | $200 Cash | Review |
| Chase Total Checking® + Chase SavingsSM | $350 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| Chase SavingsSM | $150 Cash | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| Chase Private Client | $2,000 Cash | Review |
| You InvestSM by J.P. Morgan | Up To $625 Cash | Review |
Continue reading to find out about Bank of America bonuses below.
Bank Of America Personal Checking $100 Bonus
Available nationwide, you can earn up to a $100 checking bonus for opening a new eligible checking account and meeting certain requirements.
- What you’ll get: $100 bonus
- Where it’s available: Nationwide
- How to earn it:
- Open a new qualifying checking account with direct deposit.
- When it expires: 12/31/2019
(Expires December 31, 2019)
Bank of America $2,500 Business Checking Bonus(In-Branch)
Earn up to a $2,500 bonus when you open a Business Checking Account at Bank of America and meet all the requirements.
- What you’ll get: $2,500 bonus
- Where it’s available: Nationwide (In-Branch)
- How to earn it:
- To receive a $1,000 bonus:
- Open a Business Advantage Checking account plus one of the Select Business Accounts listed here:
- Small Business Credit Card. You must be approved and spend at least $2,000 on your new card within 90 days of opening your Business Advantage Checking account.
- Business Term Loan. You must be approved and open a new term loan within 90 days of opening your Business Advantage Checking account.
- Business Line Of Credit. You must be approved and open a new line of credit within 90 days of opening your Business Advantage Checking account.
- Bank Of America Merchant Services Account. You must open and activate a merchant services account and settle $10,000 of funds into your Business Advantage Account within 90 days of opening it.
- You’ll also need to deposit $50,000 of outside funds into the new Checking account within 90 days of opening.
- Open a Business Advantage Checking account plus one of the Select Business Accounts listed here:
- You’ll receive an additional $500 bonus for each account you open from the above.
- To receive a $1,000 bonus:
- When it expires: Unknown
Bank of America $600 Business Checking Bonus (Targeted)
Bank of America is offering qualified business owners up to a $600 bonus when you open a new Business Savings account.
- What you’ll get: $600 bonus
- Where it’s available: Nationwide (Targeted)
- How to earn it:
- $300 Checking Bonus:
- Open a new business checking account
- Make qualifying deposits of at least $5,000 within 90 days
- Make at least 5 electronic payments within 90 days
- $300 Card Bonus:
- Open a Business Advantage Cash Rewards credit card
- Spend at least $3,000 within 90 days
- $300 Checking Bonus:
- When it expires: 12/31/2019
Bank of America $500 Business Checking Bonus (Targeted)
Bank of America is offering qualified business owners up to a $500 bonus when you open a new Business Savings account.
- What you’ll get: $500 bonus
- Where it’s available: Nationwide (Targeted)
- How to earn it:
- Bank of America is offering a bonus of $500 when you open a new checking account and complete ONE the following requirements:
- Set up and receive qualifying direct deposits totalling $10,000 or more within 90 days of account opening
- Make qualifying deposits of $50,000 or more in new money into your personal checking account within 30 days of opening and maintain that balance for 90 days
- Bank of America is offering a bonus of $500 when you open a new checking account and complete ONE the following requirements:
- When it expires: 12/31/2019
Bank of America $500 Business Savings Bonus (Targeted)
Bank of America is offering qualified business owners up to a $500 bonus when you open a new Business Savings account.
- What you’ll get: $500 bonus
- Where it’s available: Nationwide (Targeted)
- How to earn it:
- Enroll in the offer by December 31, 2019 by speaking to a Bank of America associate or by clicking the enrollment link in a direct email communication
- Open or maintain an eligible savings account
- Make deposits of new money totaling at least $10,000 directly into the eligible savings account
- Maintain the Qualifying Deposit(s) in the eligible savings account
- When it expires: 12/31/2019
Bank of America $500 Business Checking Bonus (Targeted)
Bank of America is offering qualified business owners up to a $500 bonus when you open a new Business Advantage Checking account OR Business Fundamentals Checking account.
- What you’ll get: $500 bonus
- Where it’s available: Nationwide (Targeted)
- How to earn it:
- $500 Bonus:
- Open a new business checking account
- Make qualifying deposits of at least $20,000 within 60 days of account opening date
- At least 10 qualifying electronic payments
- OR $200 Bonus:
- Open a new business checking account
- Make qualifying deposits of at least $5,000 within 60 days of account opening date
- At least 5 qualifying electronic payments
- $500 Bonus:
- When it expires: 12/31/2019
Bank of America $300 Business Checking Bonus (Targeted)
Bank of America is offering a $300 bonus to LegalZoom Customers who open a Business Checking Account and meet all the requirements.
- What you’ll get: $300 bonus
- Where it’s available: Nationwide (Targeted)
- How to earn it:
- Open a new Business Checking account with qualifying deposits to earn the first $100 bonus
- Get another $50 bonus when you pay 2 online bills
- Get another $150 when you also open a merchant services account to accept credit and debit card payments for your business.
- When it expires: None
Bank of America Free Museum Admissions
All you need is a Bank of America or Merrill Lynch credit or debit card. Just by showing your card and your photo ID, you’ll get free admission to over 150 participating museums the first weekend of every month!
(There is No Expiration Date)
Bank of America Personal Checking Accounts
Bank of America offers one checking account with three tiers. This is made so you can upgrade your account at any time to better meet your individual needs.
- Advantage SafeBalance: This setting has no overdraft fees – you can only spend what you have. There are no paper checks. The $4.95 monthly fee can be waived if you are a student under 24, or if you are enrolled in Preferred Rewards. The minimum opening deposit is $25.
- Advantage Plus Banking: The $12 monthly service fee can be waived if you: maintain a balance of $1,500, OR have one direct deposit of at least $250 each month, OR be a student under 24. This account allows you to enroll in overdraft protection. The minimum opening deposit for this setting is $100.
- Advantage Relationship Banking: The $25 monthly service fee can be waived if you maintain an average balance of $10,000 in your combined Bank of America deposit accounts and Merrill Edge/Merrill Lynch investment accounts. The minimum opening deposit is $100.
One of the best part of this account is that is comes with free mobile banking, mobile check deposit, and alerts. Additionally, you are given the debit lock/unlock feature just in case you misplace your card.
Bank of America Business Checking Accounts
Bank of America offers two different business checking accounts:
- Business Fundamentals®: This is the basic business account ideal for small businesses just starting out. There is a monthly maintenance fee, but you can get it waived if you do ONE of the following: spend at least $250 in purchases on your business debit or credit card, maintain an average monthly balance of $5,000, maintain a daily balance of $3000, OR maintain a combined balance of $15,000 across all your linked BofA accounts, OR qualify and enroll in the Business Advantage Relationship Rewards program.
- Business Advantage: This account is better for more established small businesses able to maintain a higher balance. The monthly maintenance fee is $29.95/mo, but you can get it waived if you do ONE of the following: spend at least $2,500 in purchases on your business credit card, maintain a monthly balance of $15,000, maintain a combined balance of $35,000 across all your linked BofA accounts, OR actively use BofA Merchant Services and Payroll Services.
Get the Most Out of Your Checking Accounts
With Bank of America Preferred Rewards, you can earn better rates, free ATM transactions, free stock trades and more.
- Gold level: Need a combined balance of $20,000. You get a 5% interest rate booster on a Rewards Money Market Savings account, and a 25% bonus on eligible credit cards rewards.
- Platinum level: Need a combined balance of $50,000. You get a 10% interest rate booster on a Rewards Money Market Savings account, a 50% bonus on eligible credit cards rewards, 1 free ATM transaction per month from non-BofA ATMs, and 30 free stock and ETF trades per month with a Merrill Edge investment account.
- Platinum Honors level: Need a combined balance of $100,000. You get a 20% interest rate booster on a Rewards Money Market Savings account, a 75% bonus on eligible credit cards rewards, unlimited free ATM transactions from non-BofA ATMs, and 100 free stock and ETF trades per month with a Merrill Edge investment account.
Additionally, you can earn extra cash back at stores, restaurants, and hotels using BankAmeriDeals. All you need to do is sign in to your mobile or online banking and select and activate the deal you’d like to use.
Bank of America Checking Alternatives
 • Enjoy a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit • Access to 16,000 Chase ATMs and nearly 5,000 branches • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device. • Apply online in minutes • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. |
 With the TD Convenience CheckingSM Account: • Earn $150 when you receive direct deposits totaling $500 or more within 60 days • Low minimum daily balance of $100 waives the $15 monthly fee. • Students and young adults ages 17 through 23 get additional perks like no minimum balance requirements and no monthly maintenance fee. • Instantly replace a lost or worn debit card by visiting a TD Bank location near you • Access accounts via Online Banking with Bill Pay, Online Statements and TD Bank Mobile Deposit, with 24/7 cash access at TD ATMs in the U.S. and Canada – plus 24/7 Live Customer Service • Get a 0.25% discount on TD Bank Home Equity and Personal Loans |
 • Enjoy $300 as a new Chase checking customer, when you open a Chase Premier Plus CheckingSM account and set up direct deposit. • Enjoy $300, more benefits, and earn interest on your new Chase checking account. • The $25 Monthly Service Fee is waived when you keep an average beginning day balance of $15,000 or more in any combination of this account and linked qualifying Chase checking, savings and other balances. • No Chase fee on first four non-Chase ATM transactions per statement period. • Earn interest on your checking account balance. • Access to 16,000 Chase ATMs and nearly 5,000 branches • Apply online in minutes. Open your account online now. • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. |
Bank of America Savings Accounts
Bank of America offers an Advantage Savings Account and CD Accounts much like traditional banks, however their rates may vary from state to state and region to region.
- Advantage Savings Account: 0.03% APY, $8 Monthly Service Fee that can be waived if you maintain a daily balance of at least $500 OR link this account to a Bank of America Relationship BankingTM account OR when you are a Bank of America Preferred Rewards client. You can earn up to 0.06% APY with a Platinum Honors as a Preferred Rewards member.
- Standard CD Rates from 0.03% APY – 0.75% APY depending on term and balance. CD terms range from 28 days to 10 years. $1,000 minimum opening balance required to open a CD.
- Featured CD Accounts offer competitive interest rates of various term lengths. There is a $10,000 minimum opening balance required to earn the featured interest rates.
Bank of America Savings Alternatives
 -Available nationwide - paired with phenomenal customer service -Get 1.80% APY on your funds with no minimum requirements & no monthly fees! -No hidden fees. No minimum balance to open. -It's your money. Use it when and how you want. -Deposit checks on the go or grow your savings with automatic transfers. -Move money in and out of your savings account easily and securely. -View your savings account balance and activity online or with mobile app. -Get started and open a Discover Savings Account in 3 easy steps. |
 • Enjoy a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days • Access to 16,000 Chase ATMs and nearly 5,000 branches • Link this account to your Chase checking account for Overdraft Protection. • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device. • Apply online in minutes. Open your account online now. • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. |
• Available nationwide online • Discover offers CDs with some of the highest and most competitive rates! • Select terms as short as 3 months up to 120 months • Rates ranging from 0.35% APY up to 2.30% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. • Start today with a minimum deposit of $2,500! • Get started and open a Discover CD in 3 easy steps. |
• Available nationwide online • Earn high yields with flexible access to your cash. • Earn 1.70% APY balances $100,000 and over • Earn 1.65% APY balances under $100,000 • Open with as little as $2,500. • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs • Get started and open a Discover Money Market Account in 3 easy steps. |
Author’s Verdict
Bank of America is offering a wide variety of promotions for Checking, Savings and Business accounts with fairly easy requirements. Most of these bonuses require an account with direct deposit as well as opening another bank account. I would highly recommend you thoroughly read the requirements for each bonus in order to earn the full promotion.
Although Bank of America offers a variety of great promotions, they are only limited to select states or targeted to select residents. If your state does not have a Bank of America, I would highly suggest taking a look at our reviews of Chase Bank Bonuses and Wells Fargo Bank Bonuses as they are typically more popular and available nationwide. If you saw an offer you liked, I recommend you act soon before the promotion ends! Additionally, the promotions are soft pull, so it won’t affect your credit score.
• Chase Bank Bonuses. Chase usually offers the most sign-up bonuses out of all the big banks. Read up and enjoy several promotions for their Checking, Savings and Business accounts. • HSBC Bank Bonuses. HSBC has some big value offers available for their Checking accounts. Some require hefty deposits to qualify. They also have an online Savings account offering a very competitive rate. • Huntington Bank Bonuses. Huntington has Consumer Checking and Business Checking accounts available throughout the year. • Discover Bank Bonuses. As an online bank, Discover offers high and competitive rates on their Savings, CD, and Money Market accounts. Enjoy excellent customer service nationwide. • TD Bank Bonuses. TD Bank consistently offers great Checking account bonuses all year long. Savings account offers are less frequently available. |
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase SapphireSM Checking | $1,000 Cash | Review |
| Chase Total Business Checking® | $200 Cash | Review |
| Chase Total Checking® + Chase SavingsSM | $350 Cash | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| Chase Private Client | $2,000 Cash | Review |
| TD Bank Beyond CheckingSM | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington Bank Accelerated Business Checking | $750 Cash | Review |
| Huntington Bank Fast Track Business Checking | $400 Cash | Review |
| Huntington Bank Community Business Checking | $200 Cash | Review |
| CIT Bank Savings Builder | $300 Cash | Review |
Hello
what do they require to open the business account? I haven’t any permit or anything yet so I was just wondering.
thank you
Sharon
Hello Sharon Bell,
Thank you for your consistent visit at BankDealGuy! Generally for business accounts, you will need proof of identity and your address. In addition, you will or may need documentation depending on what type of business you have (whether you’re a sole proprietor, sole trader, company, etc). For additional information and FAQs, I’ve listed the links below and their customer service number is 866.543.2808. Hope this helps! -Danny
https://www.bankofamerica.com/help/bus_deposits.go
https://www.bankofamerica.com/smallbusiness/resources/faqs.go