Bank of America $1,000 Checking Bonus
Bank of America is offering a $1,000 bonus for new checking accounts. The structure is similar to the previous $500 offer, but this one adds a much bigger top tier.
The catch is that this offer is targeted. Bank of America says you must access the promo page through a direct communication from the bank and then open the account through that page. However, there are some datapoints that existing customers may get this offer even if they haven’t received it directly.
How to Earn This Bonus
- Open a new eligible Bank of America checking account through the offer page by January 31, 2027.
- Set up and receive qualifying direct deposits within 90 days of opening the account.
- Your bonus depends on the total amount of qualifying direct deposits received during those first 90 days:
- $100 bonus with $2,000 in direct deposits
- $300 bonus with $5,000 in direct deposits
- $500 bonus with $10,000 in direct deposits
- $1,000 bonus with $15,000+ in direct deposits
- After the 90-day deposit period ends and you have met the requirements, Bank of America says it will attempt to deposit the bonus within 60 days.
The eligible accounts include Advantage SafeBalance Banking, Advantage Plus Banking, and Advantage Relationship Banking.
Are You Eligible?
- This is a targeted offer. You must have accessed the offer page through a direct communication from Bank of America.
- You must open the account by clicking through the promotional page.
- Only new checking customers can take advantage of the offer.
Account Fees
You can choose from three Bank of America Advantage Banking accounts:
- Advantage SafeBalance Banking: $4.95 monthly fee, which can be waived in certain cases.
- Advantage Plus Banking: $12 monthly fee, with several ways to waive it including qualifying direct deposit.
- Advantage Relationship Banking: $25 monthly fee, which can also be waived by meeting account requirements.
For most people chasing the bonus, SafeBalance or Advantage Plus will probably make the most sense unless you already want the features of Relationship Banking.
Guru’s Wrap-Up
This is a much better offer than the previous $500 Bank of America checking bonus.
The sweet spot is obviously the full $1,000 bonus, but you’ll need $15,000 in qualifying direct deposits within 90 days, so it’s not going to work for everyone.
If you can easily hit that requirement, though, a $1,000 checking bonus is excellent. Just remember that this version is targeted, so make sure you received the offer directly from Bank of America before applying.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. You can also access bonuses available in your state by clicking the article tags below, or visiting dannydealguru.com/tag/NY-bank-bonus/. Just replace NY with your state or with “nationwide”.
And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
💡 Link & Full Details
- OFFER PAGE
- Max Bonus: $1,000
- Account Type: Advantage SafeBalance, Advantage Plus or Advantage Relationship
- Availability: Targeted
- Direct Deposit Requirement: $2,000-$15,000+ within 90 days
- Other Requirements: Must access offer through direct Bank of America communication
- Credit Card Funding: N/A
- Monthly Fee: $4.95, $12 or $25 depending on account; waivable
- Expiration Date: 1/31/27
