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, $200, $250, $300, $500, $750, $2,500.
For more options, compare Bank of America Promotions to offers from Chase Bank, HSBC, Huntington Bank, Discover Bank, TD Bank, BBVA, CIT Bank, or our list of the best bank bonuses.
Table of Contents
- 1 Bank of America Bonuses Review
- 1.1 Bank Of America Personal Checking $100 Offer
- 1.2 Bank Of America $500 Checking Bonus *Targeted*
- 1.3 Bank Of America $300 Checking Bonus *Targeted*
- 1.4 Bank of America $750 Business Checking Bonus (Targeted)
- 1.5 Bank Of America $300/$400/$500 Checking Bonus *Targeted*
- 1.6 Bank of America $2,500 Business Checking Bonus (In-Branch)
- 1.7 Bank of America Free Museum Admissions
- 1.8 Bank of America $300 Checking Bonus *Expired*
- 1.9 Bank Of America $250 Savings Bonus *Targeted*
- 2 Bank of America Personal Checking Accounts
- 3 Bank of America Business Checking Accounts
- 4 Get the Most Out of Your Checking Accounts
- 5 Savings Accounts
- 6 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 Offer (Offer Expires 06/30/2021)
- $500 Checking Offer (Offer Expires 04/30/2021) *Targeted*
- $300 Checking Offer (Offer Expires 04/31/2021) *Targeted*
- $750 Business Checking Offer (Offer Expires 05/28/2021 *Targeted*
- $2,500 Business Checking Bonus (In-Branch Offer)
- 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.
Continue reading to find out about Bank of America bonuses below.
Bank Of America Personal Checking $100 Offer
Available nationwide, you can earn up to a $100 checking offer for opening a new eligible checking account and meeting certain requirements.
- What you’ll get: $100 offer
- Where it’s available: Nationwide
- How to earn it:
- To enroll in this offer, open a new Bank of America Advantage Banking account through this page by December 31, 2020.
- Set up and receive two qualifying direct deposits of $250 or more each within 90 days of opening your new account.
- This offer is limited to new Bank of America personal checking account customers only. Use offer code DOC100CIS when opening your new account to enroll in this offer.
- When it expires: 06/30/2021
(Expires June 30, 2021)
| Furthermore, I would compare this offer to some of the best offers available for entry level checking accounts. Current bonuses such as BBVA Free Checking & Savings ($250 Bonus), Discover Cash Back Debit ( up to $360 Bonus), Aspiration Spend & Save Account ($150 Bonus), as well as the TD Bank Convenience Checking ($150 Bonus) are all fantastic offers. |
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
- Where it’s available: Nationwide
- 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: 04/30/2021
(Expires April 30, 2021)
| Furthermore, I would compare this offer to some of the best offers available. Current bonuses such as HSBC Premier Checking ($450 Bonus), Huntington 25 Checking ($500 Bonus), and TD Bank Beyond Checking ($300 Bonus). |
Bank Of America $300 Checking Bonus *Targeted*
To see if you’re targeted make sure that you check your “Activity Center” for the $300 offer.
- What you’ll get: $300 bonus
- Where it’s available: Nationwide
- How to earn it:
- To be enrolled in this offer, you must have accessed this page via a direct communication (email or digital ad) from Bank of America.
- Open a new Bank of America Advantage Banking account by April 31, 2021.
- Set up and receive Qualifying Direct Deposits of $4,000 or more within 90 days of account opening.
- When it expires: 04/31/2021
(Expires April 31, 2021)
Bank of America $750 Business Checking Bonus (Targeted)
Bank of America is offering a $750 bonus to targeted Customers who open a Business Checking Account and meet all the requirements.
- What you’ll get: $750 bonus
- Where it’s available: Nationwide (Targeted)
- How to earn it:
-
To earn the $500 bonus:
- Make Qualifying Deposits* of $20,000 or more in new money* into your new business checking account within fifteen (15) days of account opening; AND
- Maintain an average balance of $20,000 during the Maintenance Period**; AND
- Make five (5) Qualifying Electronic Payments*** that are posted to the new checking account by the end of the Maintenance Period.
To earn the $750 bonus:
- Make Qualifying Deposits* of $50,000 or more in new money* into your new business checking account within fifteen (15) days of account opening; AND
- Maintain an average balance of $50,000 during the Maintenance Period**; AND
- Make five (5) Qualifying Electronic Payments*** that are posted to the new checking account by the end of the Maintenance Period.
-
- When it expires: 05/28/2021
(Expires January 31, 2021)
| Furthermore, I’d recommend checking out Chase Total Business Checking ($300 Bonus), Huntington Unlimited Plus Business Checking ($750 Bonus), Huntington Unlimited Business Checking ($400 Bonus), as well as the Huntington Business Checking 100 ($200 Bonus). |
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
- Where it’s available: Nationwide
- 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.
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 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 $300 Checking Bonus *Expired*
Earn up to a $300 bonus when you open a Checking Account at Bank of America and meet all the requirements.
- What you’ll get: $300 bonus
- Where it’s available: Nationwide *Targeted*
- How to earn it:
- $300 bonus:
- Open a new Bank of America Core Checking OR Bank of America Interest Checking personal checking account by August 31, 2020
- Receive Qualifying Direct Deposits equaling a total of $4000 or more in your new personal checking account within 90 days from account opening
- The bonus is deposited within 60 days of meeting the requirements.
- There’s a limit of one per customer and as usual, you’ll receive 1099, so you’ll have to pay taxes on it.
- $300 bonus:
- When it expires: 08/31/2020
Bank Of America $250 Savings Bonus *Targeted*
Qualified customers can earn a $250 bonus with a new Savings Account.
- What you’ll get: $250 bonus
- Where it’s available: Nationwide
- How to earn it:
- Request enrollment in the offer from a Bank of America associate or by clicking the enrollment link in direct communication by September 30, 2020.
- Open or maintain an eligible Bank of America personal savings account (Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) are not eligible for this offer).
- Make deposits of new money (each is a “Qualifying Deposit”) of $20,000 or more directly into that eligible personal savings account within thirty (30) days of enrolling.
- Maintain the Qualifying Deposit(s) in that eligible personal savings account until ninety (90) days following enrollment in the offer.
- When it expires: 09/30/2020
(Expires September 30, 2020)
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 parts of this account is that 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 card 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 card 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 card 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 cashback 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.
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.
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.
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.
Bookmark this page for more of the latest Bank of America Promotions!
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| BBVA Free Checking + Savings | $250 Cash | Review |
| Huntington 25 Checking | $300 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| TD Bank Beyond CheckingSM | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Aspiration Spend & Save | $100 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