Friday - Apr 27, 2018

$300 for opening a new Bank of America Checking account with Direct deposit


Through April 10, 2015 Bank of America is offering $300 signup bonus for new qualifying checking account when you set up a 2 qualifying direct deposits of $2,000 or more within 90 days of account opening.

 

Checking account promotion from Bank of America

Checking account promotion from Bank of America

 

Things you should know:

This is marketed as an exclusive offer to targeted customers who do not have a Bank of America checking account, however there is no coupon code/voucher for the offer. Call your closest branch and confirm the bonus before opening a account.

 

You need 2 Qualifying Direct deposits of $2,000 or more

You need 2 Qualifying Direct deposits of $2,000 or more

 

There is a $12 fee for a core-checking account, but can be avoided with a Direct deposit of $250 or more per statement period or maintain an average daily balance of $1,500 or more

You are not eligible if you have a Bank of America checking account within the last 6 months

$300 bonus will be credited to your account within 60 days of meeting the requirements

You will receive 1099-INT for this $300 bonus and will count as an taxable income.

 

Core checking and Interest Checking are eligible for this promotion

Core checking and Interest Checking are eligible for this promotion

 

Conclusion:

Through April 10, 2015, Bank of America is offering a $300 signup bonus for opening a qualifying checking accounts with 2 or more direct deposits of $2,000 or more within 90 days.

Even though this is marketed as a targeted offer, there is no coupon code . Hence, you may be able to open a checking account and get the bonus as long as you do not have a checking account in the last 6 months and meet the direct deposit requirements.

 

Disclaimer:  Links mentioned in this post do not earn us any commission.

Editorial Note: Opinions, analysis and any calculations shown are authors alone. Information in this post is not reviewed, approved and endorsed by any airlines, frequent flyer programs or financial institutions

 

2 comments
  1. Anil

    March 26, 2015 at 10:19 am

    I called my nearest BOA and they said that they have to have an offer code to move further to validate the offer. So, unless you are targeted and receive a e-mail you are out of luck, right?

    Reply
    • takeoffwithmiles

      March 26, 2015 at 10:55 am

      Hi Anil,

      If you have a branch close by, I would suggest walking in and talk to a banker about the offer.

      I checked with a branch nearby, and was told that I can get $300 as long as I meet all the requirements.

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *