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.

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.

Fees

Bank of America Core Checking it’s the best option. It has a $12 fee that is waived with one of the following 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 RewardsOpens link in a new page (waiver applies to first 4 checking accounts)

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

• Maintain $10,000 or more in combined balances in eligible linked accounts eachstatement cycle
• Are enrolled in Preferred RewardsOpens link in a new page (waiver applies to first 4 checking accounts)

Eligibility

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