Bank of America Checking Bonus: Earn $200 Offer – Ended

Earn a $200 bonus offer with a new Bank of America Advantage Banking account. Open your account online using code TWT200CIS and meet direct deposit requirements by 9/30/24. See the Bank of America promotional page for full details!

Introduction

Bank of America, a stalwart in the banking industry, is enticing new customers with a generous $200 bonus for those who open an Advantage Banking account. This online-exclusive offer, requiring the use of the offer code TWT200CIS, is designed for new checking customers aiming to enhance their banking experience. Whether you’re managing daily expenses, saving for the future, or looking for efficient online banking services, Bank of America’s range of checking accounts cater to diverse financial needs.

Ready to boost your banking game and pocket a $200 bonus? Let’s explore how you can qualify for this lucrative offer.

Recent Updates

• Update 5/22/2024: The offer is being extended through 9/30/24.
• Update 1/23/2024: The offer was extended through 5/31/24.
• Update 11/3/2023: Some updates were made to the bonus details.
• Update 9/5/2023: The bonus has been increased from $100 to $200. The new expiration date is 1/31/24 and a new offer code is available.
• Update 8/16/2023: The bonus has been extended through 8/31/2023 with a new offer code.
• Update 11/22/2022: The bonus has been extended through 6/30/2023 with a new offer code below.

Bank of America is one the nation’s largest banks with thousands of ATMs and Financial Centers, and they’re good with providing special bank offers to get new customers.

How To Earn The Bank of America Checking Bonus

You’ll need to open an account online through the link below and set up direct deposit to qualify for the cash bonus.

Here are the details:

• The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page
• The offer code is TWT200CIS
• The offer is for new checking customers only
• Offer expires 9/30/2024
• To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that account within 90 days of opening.
• Bank of America will attempt to pay bonus within 60 days.
• Additional terms and conditions apply. See offer page for more details.
• Bank of America, N.A. Member FDIC

>> OPEN A NEW BANK OF AMERICA CHECKING ACCOUNT TO EARN $200

Account Features

Bank of America Advantage SafeBalance Banking^®

Minimum opening deposit: $25

Monthly Maintenance Fee: $4.95 or $0 –No monthly maintenance fee each statement cycle when you meet one of the following: • an owner of this account is under the age of 25 or • maintain a minimum daily balance of $500 in your account or • are a member of Bank of America Preferred Rewards®

APY (Annual Percentage Yield): none, N/A

• If you’re looking for simple banking, SafeBalance® provides a straightforward, easy-to-use experience that lets you focus on the basics.
• Simple banking with an easy-to-use experience.
• Banking that helps you stay within your balance 
• Digital banking in the palm of your hand – no paper check writing available with this account
• Helps keep you from spending more than you have – and no overdraft fees 
• A great start for students and young adults

Bank of America Advantage Plus Banking^®

Minimum opening deposit: $100

Monthly Maintenance Fee: $12 or $0 – No Monthly maintenance fee each statement cycle when you meet one of the following: • have at least one qualifying direct deposit of $250 or more or •maintain a minimum daily balance of $1,500 in your account or • are a member of Bank of America Preferred Rewards®

APY (Annual Percentage Yield): none, N/A

• If you’re looking for flexible banking, Advantage Plus Banking has options and features to help you meet your needs. 
• Flexible banking to meet your needs
• Multiple ways to waive the monthly maintenance fee—including a qualifying direct deposit
• Pay with a debit card, Mobile and Online banking or paper checks (if purchased)
• Option to enroll in Balance Connect® for overdraft protection 
  • Overdraft fee without Balance Connect®: $10 each item, up to 2 items per day

Bank of America Advantage Relationship Banking^®

Minimum opening deposit: $100

Monthly Maintenance Fee: $25 or $0 – No monthly maintenance fee each statement cycle when you meet one of the following: • maintain a minimum daily balance of $20,000 in your account or • are a member of Bank of America Preferred Rewards®

APY (Annual Percentage Yield): 0.01-0.02%, see www.bankofamerica.com/depositsrates for today’s rates

• If you’re looking for comprehensive banking, Advantage Relationship helps you make the most of your banking relationship.
• Digital Banking with the choice to pay using a variety methods 
• Earn interest on your balance
• No fees on select deposit services and no monthly maintenance fees on up to three eligible checking accounts and four eligible savings accounts when you ask us to link them to your primary Advantage Relationship Banking account.
• Option to enroll in Balance Connect® for overdraft protection
  • Overdraft fee without Balance Connect® : $10 each item, up to 2 items per day

About Bank of America Advantage Banking

• Advantage Banking gives you the flexibility you deserve with distinct accounts to help meet you wherever you are in your journey
• Peace of mind with our $0 Liability Guarantee.
• With the Bank of America Preferred Rewards® program you’ll get benefits for all the ways you bank with us, including a credit card rewards bonus, no fees on select banking services, and more.  Enroll early at account opening and bring in qualifying balances within 30 days to get started even sooner.
• Earn up to 10% cash back with BankAmeriDeals® at select restaurants and stores, when you pay with your Bank of America debit or credit card.
• Deposit checks from almost anywhere with the Bank of America Mobile Banking app on your smartphone or tablet. 
• Easy, anytime access. Visit Bank of America at thousands of financial centers and ATMs. 
• 24/7 security. Total Security Protection® and fraud monitoring. Secure sign-in, card locking features and more.
• Digital Banking with the choice to pay using a variety of methods
• Smart money management tools. Set custom alerts and savings goals.  Get cash back deals and rewards customized for you.

Bank of America, N.A. Member FDIC

Expanding Your Financial Portfolio with Bank of America

Diversifying with Bank of America Deposit Accounts and Merrill Investment Accounts

When considering the Bank of America personal checking account bonus, it’s an opportune moment to look beyond just checking accounts and explore the broader spectrum of financial products that Bank of America offers. Diversifying your financial portfolio can significantly impact your financial health and growth. Bank of America doesn’t just offer checking accounts; their suite of products includes savings accounts, deposit accounts, and Merrill investment accounts, providing a comprehensive ecosystem for managing and growing your wealth.

Savings accounts and deposit accounts are essential for setting aside funds for future needs, emergencies, or specific financial goals. They offer a safe and accessible way to store your money while earning interest over time. On the other hand, Merrill investment accounts open the door to the investment world, allowing you to invest in stocks, bonds, mutual funds, and more, potentially increasing your wealth at a rate faster than traditional savings methods.

Leveraging Business Advantage Banking Accounts for Entrepreneurs

For entrepreneurs and business owners, Bank of America’s Business Advantage Banking accounts offer tailored solutions to meet the unique needs of businesses. These accounts provide essential banking services, including deposit and payment solutions, along with access to Bank of America’s extensive network and financial expertise. Coupled with the Preferred Rewards program, businesses can enjoy additional benefits, discounts, and rewards, optimizing their financial operations and contributing to their growth and success.

Maximizing Benefits with the Preferred Rewards Program

The Bank of America Preferred Rewards program is a multi-tiered benefits program designed to reward customers for their total banking relationship. Members enjoy a variety of benefits, including credit card rewards bonuses, loan discounts, higher interest rates on savings accounts, and reduced fees on a range of banking services.

By consolidating your banking and investment accounts with Bank of America and Merrill, you can elevate your financial experience, unlocking higher tiers of rewards and benefits that contribute to your financial well-being.

A Holistic Approach to Banking with Bank of America

Choosing Bank of America for your checking account bonus is just the beginning. By exploring and utilizing the full range of financial products and services offered, including savings and deposit accounts, Merrill investment accounts, and Business Advantage Banking accounts, you can take a holistic approach to manage your finances.

Engaging with the Preferred Rewards program further enhances this experience, providing tangible benefits that reward you for your loyalty and trust in Bank of America. Whether you’re saving for the future, investing for growth, or managing a business, Bank of America offers a range of products that can meet your needs.

Ready to Start? Open Your Account Today

If you’re convinced that Bank of America’s suite of products and services aligns with your financial goals, don’t wait. Take advantage of the current checking account bonus before it expires on 9/30/24, and start exploring how you can expand and diversify your financial portfolio with Bank of America. Remember, the right banking partner can make all the difference in achieving your financial objectives.

OPEN A NEW BANK OF AMERICA CHECKING ACCOUNT FOR THE BONUS BEFORE IT EXPIRES

Compare With Other Checking Bonuses

Let’s take a moment to put the Bank of America checking account bonus under the microscope and see how it measures up against other bank account bonuses currently on the market. Find other checking account bonuses below and compare the details, from cash incentives to account features, we’ll help you navigate through the options and decide which banking offer aligns best with your financial needs and goals.

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• M&T Bank $500 Checking + Money Market Bonus – Ends 8/30/24
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Our Take on the Bank of America Checking Account Bonus

The current Bank of America checking bonus is a $200 bonus for new customers who open an account and set up a qualifying direct deposit within 90 days. See the Bank of America promotional page for more details.

As one of the nation’s largest banks, they have a wide network of ATMs and Financial Centers, which is a plus for those who value convenience.

The Advantage Banking account comes with three different accounts (Bank of America SafeBalance Banking, Bank of America Advantage Plus Banking, and Bank of America Relationship Banking) to suit various customer needs, with varying features, fees, and requirements.

While the bonus offer is appealing, it’s important to weigh the pros and cons of each account options. For instance, the Advantage SafeBalance Banking is great for students and those who want checkless banking without overdraft fees.

On the other hand, Advantage Plus Banking and Advantage Relationship Banking offer more perks and benefits for those who maintain higher balances or enroll in Preferred Rewards. However, it’s worth noting that none of the accounts, except for the Advantage Relationship Banking, offers an Annual Percentage Yield (APY), and even then, the rates are quite low.

Ultimately, the decision to open a Bank of America Advantage Banking account should be based on your individual banking needs and preferences. If the bonus, accessibility, and checking account options align with your requirements, it might be a good fit.

However, if earning interest on your balance is a priority or you deem the monthly fees difficult to waive, it’s worth exploring other options in the market.

>> OPEN A NEW BANK OF AMERICA CHECKING ACCOUNT FOR THE BONUS BEFORE IT EXPIRES

More of our posts of offers from Bank of America

Stay informed about the latest offers from Bank of America, including bonuses for business and personal checking accounts, exclusive deals for students, and Preferred Rewards members. Whether your goal is to grow your business, manage personal finances more effectively, or take advantage of premium banking services, Bank of America has a promotion to help you achieve your financial objectives.

• Best Bank of America Checking Account Bonuses & Offer Codes of November 2024
• Bank of America Business Checking Account $200 Bonus – Ends 12/31/24
• Bank of America Business Checking Account $1,000/$1,500 Bonus – Ended
• Bank of America $300 Checking Account Bonus: How to Qualify and Maximize Your Rewards – Ends 1/31/25
• Bank of America Checking Account Offer: Earn a $500 Bonus – Ends 12/31/24
• Merrill Edge Promotions: $1000 Investment Offer, Up To $7500 Secret Offer

Share Your BofA Experience

We’d love to hear from you! If you’ve taken advantage of the Bank of America checking account bonus or have experience with other bank offers, your insights could be invaluable to our community. Sharing your journey can help others make informed decisions about their banking needs. Whether it was smooth sailing or you encountered some bumps along the way, your story has the power to enlighten and guide prospective customers. So, please, take a moment to share your experience in the comments below.

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.

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.