Here you will find the latest Bank of America bonuses, offers, and promotions.
Typical offers have been for $100, $200, $300, $500, $750, $2,500.
Table of Contents
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 (Offer Expires 06/30/2020)
- $300 Checking Bonus (Offer Expires 08/31/2020) *Targeted*
- $400 Checking Bonus (Offer Expires 08/31/2020) *Targeted*
- $500 Checking Bonus (Offer Expires 08/31/2020) *Targeted*
- $2,500 Business Checking Bonus (In-Branch Offer)
- $750 Business Checking Bonus (Offer Expires 06/12/2020) *Targeted*
- 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 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.
- Establish and receive direct deposits.
- When it expires: 06/30/2020
(Expires June 30, 2020)
Bank Of America $300/$400/$500 Checking Bonus
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 August 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 August 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: 08/31/2020
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 $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:
- $200 bonus:
- Make Qualifying Deposits of $5,000 or more in new money* (“Qualifying Deposits”) into your new business checking account within fifteen (15) days of account opening; AND
- Maintain an average balance of $5,000 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.
- $500 bonus:
- Make Qualifying Deposits* of $20,000 or more 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.
- $750 Bonus:
- Make Qualifying Deposits* of $50,000 or more 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.
- $200 bonus:
- When it expires: 06/12/2020
(Expires June 12, 2020)
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
Chase Total Checking®HSBC Advance CheckingTD Convenience CheckingChase Premier Plus CheckingSM
 • 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 4,900 branches • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device. • Open your account online now. • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. |
 • Get up to $270 with a 3% Cash Bonus Checking Offer when you open a new HSBC Advance checking account and complete the following qualifying activities. • Open your new HSBC Advance checking account online by June 29, 2020; and • Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then • Enjoy 3% Cash Bonus, up to $270, on Qualifying Direct Deposits up to $50 per month, during the first 6 calendar months after account opening • You will automatically receive the 3% Cash Bonus in your new HSBC Advance checking account approximately eight weeks after completing that month's qualifying activities. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
 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 4,900 branches • Open your account online now. • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. |
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.
Bank of America Savings Alternatives
Discover Online SavingsChase SavingsSMDiscover CDsDiscover Money Market
 -Available nationwide - paired with phenomenal customer service -Get 1.15% 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. |
• 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 1.40% 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 1.05% APY balances $100,000 and over • Earn 0.99% 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.
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 |
| HSBC Premier Checking Member FDIC | $475 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $700 | Review |
| HSBC Advance Checking Member FDIC | $225 Cash | Review |
| HSBC Advance Checking Member FDIC | Up To $270 | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| Huntington 25 Checking | $500 Cash | Review |
| Huntington 5 Checking | $200 Cash | Review |
| Huntington Asterisk-Free Checking® | $150 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 |
Editor Rating
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