Bank of America, Up to $750 Business Checking Bonus
Bank of America has a targeted Business Checking account bonus of up to $750. This is one of the biggest bonuses we have seen from Bank of America, but it requires large deposits and is limited 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.
To receive a cash bonus, open a new Business Advantage Checking or Business Fundamentals Checking account by January 31, 2021 and follow these 3 steps:
- Make qualifying deposits within 15 days of opening an account
- $500 bonus with $20,000 or more in qualifying deposits
- $750 bonus with $50,000 or more in qualifying deposits
- Maintain an average balance of the qualifying deposit amount (or greater) for the next 60 calendar days during the Maintenance Period
- Make at least 5 qualifying electronic payments within the Maintenance Period
- 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.
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
A good offer for those who are targeted directly by Bank of America. The best offer interest wise is the $500 bonus. You need to deposit $20K and complete five electronic payments to receive the bonus. That would be a 4% return in just 60 days. But even with the bigger bonuses you still get a good rate, 2.5% in 60 days with the $500 bonus and 1.5% with the $750 bonus.
- Offer Page (targeted)
- Account Type: Business Fundamentals Checking
- Availability: Nationwide (targeted)
- Expiration Date: 1/31/21
- Inquiry Type: Soft pull
- Credit Card Funding: No
- Direct Deposit Requirement: No
- Other requirements: $20K-$50K deposit and 5 electronic payments
- Monthly Fee: $18 (waived with $3K balance or $250 in purchases)
- Early Closing Fee: None