Bank of America, $300 Business Checking Bonus (Targeted)

bank of america $300 business checking bonus

Bank of America, $300 Business Checking Bonus (Targeted)

Bank of America has a targeted Business Checking bonus of $300 that doesn’t require a direct deposit. This is a targeted offer, so not everyone will be eligible.

Offer

Here’s how you can earn a $300 bonus:

  • Open a Bank of America Business Advantage Checking or Business Fundamentals Checking account by December 31, 2019.
  • Deposit at least $5,000 in New Money (less cash received) into that new business checking account within ninety (90) days of account opening. “New Money” is deposits of funds into your new small business checking account that are new to Bank of America. A transfer done via ATM, online or teller, or a transfer from a Bank of America deposit account or brokerage account, such as a Merrill account, is not New Money.
  • Make five (5) Qualifying Electronic Payments within ninety (90) days of opening that new business checking account. Qualifying Electronic Payments include debit card, online bill pay or automated clearinghouse (ACH) transactions, wire transfers or payments sent using an email address or mobile phone number.

Eligibility

  • Offer only available to customers who receive this offer via a direct communication from a Bank of America small business specialist or from a Bank of America communication.
  • You are not eligible for the business checking account offer if you are or were an owner or signer on a Bank of America small business checking account that is open or that was closed within the last six (6) months.
  • Offer is limited to one per business customer, regardless of the number of businesses owned or operated by the customer.

Fees

Business Fundamentals Checking is the best option. It comes with a $18 monthly fee that can be waived with one of these options:

  • Spend $250 in net new purchases on a business debit or credit card
  • Average monthly balance of $5,000 or more
  • Minimum daily balance of $3,000
  • Combined average monthly balance of $15,000 or more in your linked Bank of America business accounts

Guru’s Wrap-up

A good offer for those who are targeted. You need to deposit $5K and complete five electronic payments to receive the bonus.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.

Offer Details

  • Offer Page (targeted)
  • Account Type: Business Fundamentals Checking
  • Availability: Nationwide (targeted)
  • Expiration Date: 12/31/2019
  • Inquiry Type: Soft pull
  • Credit Card Funding: No
  • Direct Deposit Requirement: No
  • Other requirements: $5K deposit and 5 electronic payments
  • Monthly Fee: $18 (waived with $3K balance or $250 in purchases)
  • Early Closing Fee: None

HT: DoC

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