Bank of America has a new bonus of $150 for those who open a checking account. This bonus however is only available through referrals and only those targeted can refer people (and also earn up to $250).
Referral & Signup Bonus
Existing account holders that are targeted can refer up to 10 friends & family each and receive a bonus of $25 per referral that meets the requirements. Person being referred will receive a bonus of $150 when the following requirements are met:
- Open a new Bank of America Core Checking OR Bank of America Interest Checking account by October 31st, 2018 in a financial center, online, or via phone using the unique offer code
- Set up and receive at least two qualifying direct deposits of $500 or more into the new account within 90 days of account opening
Offer Terms
- Friends and family members who already have a Bank of America checking account are not eligible to receive this special referral offer
- This offer expires on August 31st, 2018
- Using the Referral Portal, submit the full name and valid e-mail address for each eligible friend and/or family member you’d like to refer to Bank of America (up to a maximum of thirty-six names and e-mail addresses). Referrals must be submitted on or before the offer expiration date
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 Checking 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)
There’s no mention of a closing fee, so you might be able to close the account after receiving the bonus.
Guru’s Wrap-Up
A good offer and better than the usual $100 public bonus we see from Bank of America. But you need to be referred in order to apply for the $150 bonus. If you were targeted, let us know in the comments to earn as much as $250 and you can also help other readers get the bonus at the same time.
HT: DoC
