Bank of America checking: up to $500 bonus with direct deposits
Up to $500 bonus
New Bank of America checking customers earn $100, $300 or $500 based on qualifying direct deposits made within 90 days of opening. Open by Jan 31, 2027.
- Deposit
- $2,000-$10,000+ qualifying direct deposits within 90 days
- States
- No state list given; page says terms may vary by location
- Ends
- Jan 31, 2027
- Bonus
- $100 / $300 / $500
- Fee
- Advantage Plus: $12 or $0 a month
How to get it
- Enroll through the Bank of America offer page, or with a Bank of America or Merrill associate.
- Open a new eligible personal checking account (for example Advantage Plus Banking, $100 minimum opening deposit) by Jan 31, 2027.
Within 90 days of opening, receive Qualifying Direct Deposits
Direct deposits Bonus $2,000 to $4,999 $100 $5,000 to $9,999 $300 $10,000 or more $500 - Bank of America says it will attempt to deposit the bonus within 60 days after you qualify.
What it means for churners
- The full $500 needs $10,000 in direct deposits within 90 days; smaller payrolls still earn $100 or $300.
Fine print
- Only for people who haven't owned or co-owned a Bank of America personal checking account in the last 12 months.
- A Qualifying Direct Deposit is a direct deposit of regular monthly income such as salary, pension or Social Security benefits.
- Less than $2,000 in qualifying direct deposits earns no bonus.
- Fiduciary accounts (e.g., trusts), SafeBalance for Family Banking and business accounts are not eligible.
- Monthly fees: Advantage Plus $12 or $0, SafeBalance $4.95 or $0, Relationship $25 or $0, depending on waivers.
- The page lists no states; it says accounts, product terms and fees may vary by location.
Source
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