Bank of America, $100 Checking Bonus

Bank of America is offering a $100 sign up for new checking account. You need to open a new Bank of America Core Checking OR Bank of America Interest Checking personal checking account by December 31, 2016 and set up and receive two Qualifying Direct Deposits of $250 or more each to your new personal checking account within 90 days from account opening.

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A “Qualifying Direct Deposit” is a recurring direct deposit of a paycheck, pension, Social Security or other eligible regular monthly income, electronically deposited by an employer or an outside agency into your new checking account. A transfer from a brokerage account or Merrill Edge or Merrill Lynch account is not a Qualifying Direct Deposit.

The $100 bonus will be deposited 60 after you fulfill the requirements. There’s no mention of a closing fee, so you might be able to close the account after receiving the bonus.


Bank of America Core Checking it’s the best option. It has a $12 fee that is waived with one of the following options:

Bank of America Interest Checkinga has a $25 fee that is waived with one of the following options:


This bonus is available nationwide. I saw it when I logged in my credit card account butyou can see it at the link below. The offer might be targeted (HT to Chuck) so to be sure that you’ll receive the bonus, check your credit card account if you have one, ir get confirmation before applying.

You are not eligible for this offer if you were a signer on or owner of a Bank of America personal checking account within the last six (6) months.

Offer Details

  • Apply Now
  • Account Type: Core Checking
  • Availability: Nationwide
  • Expiration Date: 12/31/2016
  • Inquiry Type: Soft pull
  • Direct Deposit Requirement: No
  • Other Requirements:  two Qualifying Direct Deposits of $250 or more within 90 days
  • Monthly Fee: $12 (waived with one $250 DD or $1,500 balance)
  • Closing Account Fee: Unknown



8 thoughts on “Bank of America, $100 Checking Bonus

  1. I considered this bonus but in the end probably won’t bite. The kicker was the credit card bonuses from 3 x MLB cards which, after 10% bonus, would’ve yielded another $60 bonus. The problem is I’ve heard that BoA issues 1099 for anything that is fed into a checking account. Not interested in being taxed on $660. I’d rather just take my non-taxable $600 and be on my merry way. If you have differing experiences I’d love to hear them though!

    • You shouldn’t be paying tax on the $600 since it’s a rebate earned after required spend. Even if you receive a 1099 for the total. But I’m sure that’s a hassle when filing taxes. And also, you should always reported all income regardless if you receive a 1099 or not.

      You should probably consult with an accountant.

      • Much appreciated! Like you said, we’re not required to pay taxes on credit card bonuses. Even if they did issue a 1099 for the cc $200 + 10% it’s still not something I’d want to have to deal with seeing as we’re doing our own taxes (at least this year). I just don’t know how you deal with inputting a different number than the 1099 shows and the implications of doing so.

      • I’m seeing the $100 offer in my credit card account now too. Any word from your accounting buddy if he’d be interested in a write up on BoA, bonuses and 1099s?

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