Bank of America has another offer for their select Bank of America® customers who do not have a Checking or Savings account and it comes with a great bonus, $500, but high requirements. There’s no offer code required.
You have to open both a checking a savings account. You’ll need to make two direct deposits of $2000 for the checking account and total deposits of $20,000 for the savings account. You also have to keep the $20K in the savings account for 30 days.
How to Receive the $500 Bonus
- Open a Bank of America Interest Checking® or Bank of America Core Checking® account by 6/13/2015, and
- Setup and receive 2 qualifying direct deposits of $2,000 or more each within 90 days of your new checking account opening
- Open a Rewards Money Market Savings account and deposit at least $20,000 in new balances in that Rewards Money Market Savings within 60 days of your new checking account opening, and
- Keep the $20,000 balance in the Rewards Money Market Savings account for 30 consecutive days
Bank of America Core Checking
This is the best account to open for the offer. It has a $12 monthly fee that can be avoided with one of the three options
- Have at least one qualifying direct deposit of $250 or more each monthly statement cycle
- Maintain an average daily balance of $1,500 or more each monthly statement cycle
- Are enrolled in Preferred Rewards
If you meet all the requirements for this bonus offer, every attempt will be made to deposit the bonus directly into your new Bank of America personal checking account within 60 days of meeting all the Requirements to Receive the $500 bonus; if unable to do so, a check will be issued. At the time the incentive is paid out, new personal checking account and new Rewards Money Market Savings account must be open and in good standing in order to receive the bonus.
- Apply Here
- Account Type: Core Checking & Rewards Money Market Savings
- Availability: Nationwide for current BoA Customers
- Expiration Date: 6/13/2015
- Hard Inquiry: No
- Opening Deposit Credit Card Funding: No
- Direct Deposit Requirement: Yes, 2 x $2000 for Checking Account
- Other Requirements: Deposit and keep $20,000 in the Savings Account for 30 days
- Monthly Fee: $12 (can be waived)
- Closing Account Fee: No