2025.8 Replace: There’s a brand new as much as $500 provide. Solely DD is required. Deadline: 2026.1.31.
2025.2 Replace: The $300 provide prolonged the deadline to 2025.5.31. [Update] Prolonged to six.30. [Update] Prolonged to 7.31.
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Advantages
- New Checking Account Bonus: as much as $500. See under for the necessities to get this bonus. Provide ends on 2026.1.31.
- There’s a month-to-month upkeep charge of $4.95/$12/$25 relying on the kind of the checking account. You may keep away from this by following the steps under.
- BoA Most well-liked Rewards program: In case you have this BoA checking account, and you’ve got sufficient property in checking/financial savings/brokerage account in BoA or Merrill Edge, you may earn further factors based mostly on the quantity of asset. Earn further 25% rewards in case you are in Gold tier ($20k or extra in steadiness); 50% if Platinum tier ($50k or extra in steadiness); 75% if Platinum Honors tier ($100k or extra in steadiness).
In contrast to most different banks, transferring cash out of BoA (i.e. ACH push from BoA) has a charge! To keep away from this charge, it’s essential to begin the switch from the receiving financial institution (i.e. ACH pull from different financial institution).[Update] Ranging from Jun 2023, this charge is now not charged by BoA.- No early termination charge.
- BoA is likely one of the largest banks in America, so their department and ATM community is huge.
Bonus Necessities
- In case you have a BoA checking account up to now 12 months, you aren’t eligible for this provide. Information factors present that if you happen to shut an previous BoA checking account and apply for a brand new one after 12 months, you’re eligible once more for the bonus.
- Direct Deposit (DD) requirement: obtain qualifying direct deposits totaling $2,000/$5,000/$10,000 or extra inside 90 days, and get $100/$300/$500 bonus.
Completely different BoA Checking Accounts
- Financial institution of America Benefit SafeBalance Banking (Previously BoA Core Checking for College students)
- Financial institution of America Benefit Plus Banking (Previously BoA Core Checking)
- Financial institution of America Benefit Relationship Banking (Previously BoA Curiosity Checking)
Right here is a comparability and distinction on the official web site. The Benefit Plus Banking is the most well-liked one.
Find out how to Keep away from the Month-to-month Payment (Meet Any One of many Necessities Under)
Financial institution of America Benefit SafeBalance Banking (Previously BoA Core Checking for College students): $4.95 month-to-month charge
- College students below age 24 are eligible to have this charge waived whereas enrolled at school.
- Enroll in Most well-liked Rewards.
Financial institution of America Benefit Plus Banking (Previously BoA Core Checking): $12 month-to-month charge
- College students below age 24 are eligible to have this charge waived whereas enrolled at school.
- Have at the least a $250 Direct Deposit every month.
- Preserve a every day common steadiness of at the least $1,500.
- Enroll in Most well-liked Rewards.
Financial institution of America Benefit Relationship Banking (Previously BoA Curiosity Checking): $25 month-to-month charge
- Preserve a every day common steadiness of at the least $10,000.
- Enroll in Most well-liked Rewards.
Abstract
Financial institution of America is the biggest retail financial institution within the US, and many individuals use it as their major checking account. The $300 provide is an efficient one, get it if you’ll be able to arrange a direct deposit.
Historic Presents Chart
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