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Bank Of America Personal Checking Review: $150 Promotion

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Bank-Of-America-150-Promotion-1Bank of America has two personal checking account options to choose from, which I’ll review here, along with some current sign-up promotions.

BOA Personal Checking review highlights:

Bank of America $150 Bonus

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BOA $150 Promotion

Here’s a $150 bonus offer for new Checking account customers.

  • Promotion Link: $150 BOA Promotion
  • Expiration: 04/15/2016
  • Bonus Amount: $150
  • Related Bonus: BOA Business, BOA Savings
  • Competitor Bonus:
  • Account(s) Eligible: Core Checking, Interest Checking
  • Availability: Nationwide
  • Hard/Soft Inquiry: Soft
  • Opening Deposit Credit Card Funding Eligibility: Not eligible
  • Direct Deposit Requirement: Yes, see requirements.
  • Monthly Service Fee: $12(Core Checking®) or $25(Interest Checking®) *Can be waived(see bottom section)
  • Other Requirements:
  • Initial $100 Bonus:
    • Open a Bank of America Core Checking or Bank of America Interest Checking account by April 15, 2016.
    • Set up and receive 2 qualifying direct deposits of $250 or more each within 90 days of opening your checking account.
  • Additional $50 Bonus:
    • Direct deposit your federal tax refund of at least $500 into any Bank of America checking or savings account by June 1, 2016.
  • *Tips:
    • You are not eligible for this offer if you were a signer on or owner of a Bank of America personal checking account within the last 6 months.
    • A “Qualifying Direct Deposit” is a recurring direct deposit of a paycheck, pension, Social Security or other eligible regular monthly income, electronically deposited by an employer or an outside agency into your new checking account.
    • A transfer from a brokerage account or Merrill Edge or Merrill Lynch account is not a Qualifying Direct Deposit.
      Bank Of America $100 Bonus
  • Coupon Link: $100 Promotion(scroll down to find it)
  • Expiration: 12/31/2016
  • Bonus Amount: $100
  • Account(s) Eligible: Core Checking® & Interest Checking®
  • Availability: Nationwide, but you must be an active employee or current retiree of an enrolled Bank of America at Work® employer. You can enter your company’s name when you click on the coupon link to search.
  • Hard/Soft Inquiry: Soft
  • Opening Deposit Credit Card Funding Eligibility: No, but $250 with a debit card works
  • Direct Deposit Requirement: Direct Deposits totaling $2,000 every 30 days from account opening date for 90 days.
  • Monthly Service Fee: $12(Core Checking®) or $25(Interest Checking®) *Can be waived(see bottom section).
  • Other Requirements: Be sure to enter offer code BAW100N. Minimum open deposit for Core Checking is $25 and Interest Checking is $100.
  • *Tips: Must not currently have a personal checking account with BOA, or one closed within the last 6 months.
  • Competitor Bonus: Chase Checking Promotions
  • Related Bonus: BOA Business Checking Promotions
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Bank Of America $500 Bonus

This $500 bonus was sent to BOA customers, such as credit card customers, who don’t have a BOA checking/savings account.

Coupon Link: *Currently unavailable
Expiration: Expired
Bonus Amount: $500
Account(s) Eligible: (Interest Checking or Core Checking) + Savings combined
Availability: Nationwide
Hard/Soft Inquiry: Soft
Opening Deposit Credit Card Funding Eligibility: No, but $250 with a debit card works
Direct Deposit Requirement: Two Direct Deposits totaling $2,000 within 90 days of opening.
Monthly Service Fee: $12(Core Checking®) or $25(Interest Checking®) *Can be waived(see bottom section)
Other Requirements: The savings account is the Rewards Money Market Savings and you must deposit at least $20K in new balances within 60 days of opening the new checking account and keep that balance for 30 consecutive days.
Bank Of America $300 Promotion

Bank Of America $300 Promotion

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Bank Of America $300 Bonus

This is a targeted offer where current Bank of America customers reportedly received communication about it, but you’ll be eligible as long as you currently hold a BOA credit card.

  • Coupon Link: *Currently unavailable
  • Expiration: Expired
  • Bonus Amount: $300
  • Account(s) Eligible: Interest Checking or Core Checking
  • Availability: Nationwide
  • Hard/Soft Inquiry: Soft
  • Opening Deposit Credit Card Funding Eligibility: No, but $250 with a debit card works
  • Direct Deposit Requirement: Two Direct Deposits totaling $2,000 within 90 days of opening.
  • Monthly Service Fee: $12(Core Checking®) or $25(Interest Checking®) *Can be waived(see bottom section)
  • Other Requirements: Must not currently have a BOA checking account or one closed in the past 6 months.

BOA Core Checking Vs. Interest Checking Features:

Core Checking Features

  • Low opening deposit: $25
  • Nearly 5,000 branches you can visit
  • Online, Mobile, and Text banking: Online Bill Pay, payment reminders, customizable alerts.
  • Debit card is chip-enabled
  • Sign up for the optional Keep the Change Savings Program where every debit card purchase is rounded up and that difference is transferred to your savings account to promote saving.
  • Compare to: Chase Total Checking
  • Pair it with: BOA Savings Account

Waive $12 Core Checking® fee meeting ONE requirement each statement cycle:

  • Have at least one qualifying direct deposit of $250 or more, OR
  • Maintain an average daily balance of $1,500 or more, OR
  • When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)
  • Students under age 23 are eligible for a waiver of the monthly maintenance fee while enrolled in a high school or in a college, university, or vocational program.

Interest Checking Features

Same features as the Core Checking, with these additions:

  • Higher opening deposit: $100
  • Eligible for 3 additional Interest Checking accounts and 4 savings accounts with no monthly fee
  • Earns interest on your balance (see rates)
  • Fee-free cashier’s checks/money orders
  • No fee for overdraft protection transfers from a linked deposit account.
  • Compare to: Chase Premier Plus Checking
  • Pair it with: BOA Savings Account

Waive $25 Interest Checking® fee meeting ONE requirement each statement cycle:

  • Maintain combined balances of $10,000 or more. Combined balances include:
    • Average daily balances for the statement cycle in eligible linked checking, savings and money market savings accounts, AND
    • The current balances, as of the end of the checking statement cycle in linked personal CDs and IRAs, AND
    • The current balance, as of two business days before the end of the checking statement cycle, in your eligible linked Merrill Edge and Merrill Lynch investment accounts.
  • When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)
    Keep checking back here for updated cash promotions and other offers for these personal checking accounts.