Here you will find the latest Bank of America bonuses, offers, and promotions. Find the best Bank of America personal checking, savings, and business bonuses here.
Typical offers have been for $100 and $200 when you open a qualifying checking and business checking account.
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!
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.
Continue reading to find out about Bank of America bonuses below.
Bank Of America Personal Checking $200 Offer
Available nationwide, you can earn up to a $200 checking offer for opening a new eligible checking account and meeting certain requirements.
- What you’ll get: $200 offer
- Availability: Nationwide (Bank Locator)
- Credit Inquiry: Varies with Offer
- Credit Card Funding: None
- Early Termination Fee: None
- How to earn it:
- Open a new Bank of America personal checking account
- Set up and receive Qualifying Direct Deposits totaling $2,000 or more into that account within 90 days of account opening.
Bank of America $200 Business Checking Bonus
Bank of America is offering a$200 to customers who open a Business Checking Account and meet all the requirements.
- What you’ll get: $200 bonus
- Availability: Nationwide (Bank Locator)
- Credit Inquiry: Varies with Offer
- Credit Card Funding: None
- How to earn it:
- Open a new business checking account by June 30, 2023
- Make Qualifying Deposits of $5,000 or more in new money within 30 days of opening the new business checking account
- Maintain an average balance of $5,000 for next 60 days (day 31-90) during the maintenance period
(Expires 06/30/2024)
Bank of America Free Year of GrubHub+
Simply sign up with your Bank of America card and get 1 year of Grubhub+ for free!
Keep in mind that you will be charged $9.99/month after the trial so cancel at anytime.
- What you’ll get: Free Year of GrubHub+
- Account Type: Bank of America credit or debit card
- Availability: Nationwide
- Terms: Offer available only for eligible Bank of America credit or debit cardholders who do not have an active Grubhub+ membership at the time of signup (as determined by Grubhub). Certain Bank of America cardholders, including commercial prepaid cardholders, may not be eligible. Eligible cardholders may redeem this offer by enrolling in the Grubhub+ membership trial using their eligible Bank of America card at https://grubhub.com/partner/bofa no later than 12/31/2023. Grubhub+ $0 delivery fees and lower service fees applicable on orders with a subtotal of $12+ (before tax, tip, and fees) from Grubhub+ eligible merchants only. Additional fees may apply and vary on orders. Grubhub+ 5% pickup credit applicable on eligible pickup orders only. 5% pickup credit calculated based on the qualifying order subtotal from eligible merchants only. Credit will appear as a “Grubhub+ Credit” payment method at checkout. Credit is redeemable on eligible future Grubhub pickup and delivery orders only. Credit is not transferable, may not be exchanged for cash, expires 90 days after most recent credit is issued, may not be applied toward purchase containing alcohol, and is subject to additional restrictions. Credit cannot be accrued or redeemed on on-campus dining orders. Free 12 month free trial available for 365 days from date trial is initiated. Grubhub+ is an automatically renewing membership service requiring recurring payments. After your free trial ends, your free trial will convert to a paid Grubhub+ membership and Grubhub will automatically charge you each month at the then-current rate (currently $9.99 per month) plus applicable tax until you cancel. See Grubhub+ cancellation and refund policy and full terms at https://lp.grubhub.com/legal/plus/. Canceling during the free trial period will result in immediate termination of the Grubhub+ membership and benefits. Grubhub+ is subject to merchant and delivery availability. Grubhub reserves the right to change whether a merchant is eligible for Grubhub+ at any time with or without notice to members. Grubhub will donate amounts equal to participating members’ donations donated through Grubhub’s Donate the Change feature in connection with orders placed at Grubhub+ eligible merchants only. To the maximum extent permitted by law, Grubhub reserves the right to cancel, suspend and/or modify any aspect of or the entirety of this offer, for any reason at any time, with or without notice, including, without limitation, if any fraud or technical failure impairs the integrity or proper functioning of the offer. Offer cannot be combined with other free trial offers. This offer is available in the United States only (not available in Puerto Rico or the U.S. Virgin Islands).
(Existing Bank of America Customers Only)
Bank of America Free Museum Admissions
Just by showing your card and your photo ID, you’ll get free admission to over 225 museums, science centers, and botanical gardens the first weekend of every month! All you need is a Bank of America or Merrill Lynch credit or debit card.
- What you’ll get: Free Museum Admission on first full weekend of every month (Saturday and Sunday).
- Account Type: Bank of America or Merrill Lynch credit or debit card
- Availability: Nationwide (Full list of Participating Museums)
- 2022 Dates:
- August 6-7
- September 3-4
- October 1-2
- November 5-6
- December 3-4
- Terms: Each individual cardholder gets ONE free general admission
(Existing Bank of America Customers Only)
Bank Of America Personal Checking $300 Offer (Expired)
Available nationwide, you can earn up to a $300 checking offer for opening a new eligible checking account and meeting certain requirements.
- What you’ll get: $300 offer
- Availability: Nationwide (Bank Locator)
- Credit Inquiry: Varies with Offer
- Credit Card Funding: None
- Early Termination Fee: None
- How to earn it:
- Open a new Bank of America Advantage Banking account by April 30, 2023.
- Set up and receive Qualifying Direct Deposits totaling $4,000 or more into that account within 90 days of account opening.
- Once you’ve qualified, they’ll attempt to deposit your bonus into your new account within 60 days.
(Expires 04/30/2023)
Bank Of America $100 Savings Bonus – Targeted (Expired)
Qualified customers can earn a $100 bonus with a new Advantage Savings Account.
- What you’ll get: $100 bonus
- Availability: Nationwide (Bank Locator)
- Credit Inquiry: Soft, as long as you opt out of overdraft protection
- Credit Card Funding: None, but you can fund with a debit card up to $250
- Early Termination Fee: None
- How to earn it:
- Enroll in this offer through a Bank of America associate OR by clicking the enrollment button or link in a direct communication from Bank of America.
- Open an Advantage Savings account by November 30, 2022
- Deposit $1,000 or more in New Money directly into that account within 30 days of account opening (the Deposit Period1)
- Maintain a daily balance of $1,000 or more in that account during the Maintenance Period.
- When it expires: 11/30/2022
(Expires November 30, 2022)
[Expired] Bank Of America $500 Checking Bonus – Targeted
To see if you’re targeted make sure that you check your “Activity Center” for the $500 offer.
- What you’ll get: $500 bonus
- Availability: Nationwide (Bank Locator)
- Credit Inquiry: Varies with Offer
- Credit Card Funding: None
- Early Termination Fee: None
- 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 totaling $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: 12/31/2021
(Expired)
[Expired] Bank Of America $300/$400/$500 Checking Bonus – Targeted
Qualified customers can take advantage of a targeted offer from Bank of America with a new Checking Account. Simply meet the requirements below.
- What you’ll get: $300/$400/$500 bonus
- Availability: Nationwide (Bank Locator)
- Credit Inquiry: Varies with Offer
- Credit Card Funding: None
- Early Termination Fee: None
- How to earn it:
- $300 bonus:
- To be enrolled in this offer, you must have accessed this page via direct communication (email or digital ad) from Bank of America
- Open a new Bank of America Advantage Banking account by December 31, 2020.
- Set up and receive qualifying direct deposits of $4,000 or more into your new account within 90 days of account opening.
- $400 bonus:
- To be enrolled in this offer, you must have accessed this page via direct communication (email or digital ad) from Bank of America
- Open a new Bank of America Advantage Banking account by December 31, 2020.
- Set up and receive qualifying direct deposits of $4,000 or more into your new account within 90 days of account opening.
- $500 Bonus:
- Open a new Bank of America Advantage Checking (any version) and receive a $500 bonus when you
- Set up and receive qualifying direct deposits totaling $10,000 or more within the first 90 days of opening your new checking account OR you deposit $50,000 of new money in the account within 30 days and hold for 90 days.
- Open a new Bank of America Advantage Checking (any version) and receive a $500 bonus when you
- $500 Bonus:
- Open a new Bank of America Advantage Checking (any version) and receive a $300 bonus when you set up and receive qualifying direct deposits totaling $4,000 or more within the first 90 days of opening your new checking account.
- Additionally, you can open up a savings account and deposit $20,000 and receive an additional $200 bonus
- $300 bonus:
- When it expires: 12/31/2020
Editor’s Note: Another round of targeted promo has gone out, this time, the expiration date is December 31, 2020.
[Expired] 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
- Availability: Nationwide (Bank Locator)
- Credit Inquiry: Varies with Offer
- Credit Card Funding: None
- Early Termination Fee: None
- 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
How To Avoid Monthly Fee
- SafeBalance Banking: $4.95 monthly maintenance fee, can be waived for eligible students under age 24 or with enrollment in Preferred Rewards.
- Plus Banking: $12 monthly maintenance fee, can be waived with minimum direct deposit or daily balance requirements, for eligible students under age 24 or with enrollment in Preferred Rewards.
- Relationship Banking: $25 monthly maintenance fee, can be waived with combined balances in eligible linked accounts or with enrollment in Preferred Rewards.
- Bank of America Advantage Savings: $8 monthly maintenance fee waived if:
- Maintain a minimum daily balance of at least $500 or
- Link your Bank of America Advantage Savings account to your Bank of America Advantage Relationship Banking® account (waiver applies to first 4 savings accounts) or
- When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts) or
- An account owner is under age 18 or
- An account owner is under age 25 and qualifies as a Student
- Business Advantage Fundamentals Banking: $16 monthly fee waived with one of the following requirements each statement cycle:
- Maintain a $5,000 combined average monthly balance
- Spend at least $250 in new net qualified debit card purchases
- Become a Preferred Rewards for Business member
- Business Advantage Relationship Banking: $29.95 monthly fee waived with one of the following requirements each statement cycle:
- Maintain a $15,000 combined average monthly balance
- Become a Preferred Rewards for Business member
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.
For more options, compare Bank of America Promotions to offers from Chase Bank, HSBC, Huntington Bank, Discover Bank, TD Bank, CIT Bank, or our list of the best bank bonuses.
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.
Bookmark this page for more of the latest Bank of America Promotions!
This is an excellent guide for open a bank account in the US. Is there any chance that I can open an account via remote? I’m living right now in Mexico. Thanks.
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