Bank of America, a cornerstone of the American banking sector and one of the “big four” banks, consistently attracts new clients with its competitive checking and account opening bonuses. Known for their generous welcome offers, typical bonuses range from $100 to as much as $2,500, catering to a wide array of customer needs and financial goals.
Headquartered in Charlotte, NC, Bank of America boasts a global presence in over 35 countries, offering a comprehensive suite of financial products through itself and Merrill Investing, including checking and savings accounts, loans, HSAs, business products, credit cards, and investment options.
Alongside its extensive product range and physical network, Bank of America is acclaimed for its digital banking experience, featuring user-friendly online and mobile tools that enhance customer engagement and financial management. Despite the trade-off of modest interest rates, the bank’s commitment to service excellence is evident in its responsive customer support and the strategic value offered through its checking account bonuses, making it a preferred choice for customers seeking both value and convenience.
Whether you’re opening a new account or looking to get more from your existing banking relationship, Bank of America’s promotions can provide significant value. Let’s look into how these checking account bonuses work and why you shouldn’t miss out on unlocking these exclusive deals.
Best Bank of America Promotions
Bank of America wants you as a new customer, so they often have good welcome bonuses available for new accounts.
See the current promotions below.
Bank of America $300 Checking Account Bonus: How to Qualify and Maximize Your Rewards – Ends 5/31/25
If you’re in the market for a new checking account, Bank of America has an enticing offer that’s hard to ignore! You could earn a $300 bonus simply by opening a new checking account and meeting the deposit requirements. But,… GET OFFER
Bank of America Business Checking Account $200 Bonus – Ends 12/31/25
Earn a $200 cash bonus for opening a new business checking account with Bank of America. You'll need to make at least a $5,000 deposit to qualify for the offer. Update 10/4/2024: The offer is back through 12/31/24. You may… GET OFFER
Bank of America Checking Account Offer: Earn a $500 Bonus – Ended
Earn a $500 bonus by opening a new Bank of America checking account and meeting certain requirements. Learn more about this limited-time offer. Introduction: Big Bonus, Easy Steps Bank of America is offering a $500 cash bonus for new customers… GET OFFER
Merrill Edge Promotions: $1000 Investment Offer, Up To $7500 Secret Offer
Get the latest promotions, bonuses and offers from Merrill Edge here. Merrill Edge makes it onto our list of the best online stock brokers with its powerful Research tools. Update 5/6/2024: The brokerage offer now up to $1,000. Update 10/16/2023: Here's… GET OFFER
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, TD BANK AND U.S. BANK.
How Can You Get a Bank of America Checking Account Bonus?
As a new consumer checking customer at Bank of America, it’s not too hard to qualify for an offer.
- You can open a new Bank of America checking account with a special offer code. The deal may only be available online.
- Meet the requirements for the promotion. Most personal checking accounts require at least one direct deposit every month.
- Usually, it takes 60 days after you meet the requirements to get your bonus.
Take a look at the current offers above and read the offer terms carefully.
READ MORE: GET THIS BANK OF AMERICA CHECKING BONUS BEFORE IT EXPIRES
What You Need to Know About Bank of America Checking Offers
You can find several different checking products for consumers under the Advantage Banking brand, including:
- Bank of America Advantage SafeBalance Banking®. This account doesn’t have paper check writing privileges and has a $4.95 monthly maintenance fee (details on waiving this fee are below).
- Bank of America Advantage Plus Banking®. This account is their best choice for everyday banking and has a $12 monthly fee (details on waiving this fee are below).
- Bank of America Advantage Relationship Banking®. This account earns interest and has extra perks – it has a $25 monthly fee (details on waiving this fee are below).
What Counts as a Direct Deposit?
Checking bonus offers from Bank of America typically require an offer code to apply online. And direct deposit is usually required to qualify.
Qualifying direct deposits include deposits of regular monthly income, such as salary, pension or Social Security.
When Will You Receive Your Bonus?
The terms state that Bank of America will attempt to deposit your bonus within 60 days after you satisfy the offer requirements.
Other Things You Should Know About Bank of America Checking Account Bonuses
- Your account must remain open to receive the bonus offer. Bank of America wants you to keep your account open until the date your bonus is paid. When a customer meets the requirements, they usually get their cash within 60 days.
- You may have to pay taxes on the bonus. Your bonus money in your bank account could count as taxable income. Bank of America may send you an IRS Form 1099 showing how much your welcome bonus was worth.
- You must be a new customer to qualify for the bonus. Welcome bonuses from Bank of America are for people who open a new checking account. You are a new personal checking customer if you haven’t owned or co-owned a Bank of America consumer checking account in the last 12 months. As a new personal checking customer, you can only get one welcome bonus.
READ MORE: CUSTOMERS ARE GETTING BIG BONUSES WITH U.S. BANK
How Bank of America Checking Account Bonuses Compare With Others
- Public.com Sign Up Bonus: $20 Welcome Offer & $20 Referrals
- How to Get a $200 Bonus with M&T Bank Personal Checking – Ends 6/30/25
- Wise Money Transfer: Fast, Low-Fees, 3.92% APY On USD Balance
- Remitly Bonus: $10 Sign-Up Offer, $10 Per Referral
- Acorns Bonuses: $20 Sign-Up Bonus & Up To $800 Referral Offer – May 2025
Our Take on the Offer
BofA has a large number of customers in the United States. Some of these customers carry large balances and are eligible for its Preferred Rewards program, which gives them extra perks, lower fees, and rewards multipliers.
Bank of America is also eager to bring in new customers, and it uses sign-up bonuses to do so.
If you want a new bank account, you might want to look into Bank of America checking promotions. As a welcome bonus, you can get a good amount of cash, but keep in mind that other banks may have more generous offers.
Share Your Experience
Do you have experience banking with Bank of America or earning one of their bonuses? If so, we would like to hear about it. Please share your thoughts in the comments section.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
Frequently Asked Questions (FAQ)
Bank of America offers a variety of promotions, typically for opening a new checking, savings, or business account. These promotions can range from $100 to $2,500 in value.
Typically, to qualify for these promotions, you need to open a new account and meet certain requirements such as setting up direct deposit or maintaining a certain balance. Each promotion has its specific requirements, so be sure to read the offer details carefully.
Yes, these promotions are typically available to customers all over the United States.
Bank of America offers several different checking products under the Advantage Banking brand, including Advantage SafeBalance Banking®, Advantage Plus Banking®, and Advantage Relationship Banking®.
Yes, each checking account has a monthly maintenance fee, which can be waived under certain conditions such as maintaining a minimum daily balance or making a qualifying direct deposit.
Yes, the bonus may count as taxable income and Bank of America may send you an IRS Form 1099 showing how much your welcome bonus was worth.
Yes, the welcome bonuses are for customers who open a new checking account. You are considered a new customer if you haven’t owned or co-owned a Bank of America consumer checking account in the last 12 months.
Your account must remain open until the bonus is deposited. After that, there may be early closure fees if you close your account within a certain timeframe, which is typically outlined in the promotion details.
By Tony Jay, a seasoned finance blogger and executive editor, who boasts over two decades of experience in the banking sector, with a specialization in online banking and savings strategies. Tony holds a doctoral degree from Tulane University. Edited by John Huynh, who brings more than two decades of experience in finance and investing, including as a senior finance and operations manager at a renowned research institute and degrees in economics and international studies from UC Irvine.
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I like it’s
The expiration date is very close, I haven’t done this before with a bank, I’ll try it anyways
Does anyone have a targeted promo for the $500 reward for new personal checking account? I’m keen to open a B of A account!
If anyone has a targeted 750. 00 or 500.00 from Back of America that you are not going to use, please send it to dfdfowler@gmail.com. I will appreciate it very much
I need a $500 checking code from BOA too. Anyone have it, please share with me. Thanks very much
Anyone have one for me too? Thank you.
I’ve received the referral email I can refer up to 30 people for the 150$ offer anyone interested email me at nabolsi@hotmail.com
zhengjie76@gmail.com
i need referal code
I’m interested in referral. langsjr.jeffrey92@gmail.com
I have the Targeted Bank of America $300 Checking Account Bonus Offer. I will probably pass on it and as I don’t see how I can meet the $4,000 deposit requirement to earn the bonus.
pls email me the offer
Please send copy
Please email me the code
Can anyone provide a referral link for the Bank of America $150 bonus. You will receive a $25 bonus!
Plz send me the referral code
That was a really helpful entry. Thanks, Tony!
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