Bank of America has brought back the $300 checking account bonus. This is a targeted promotion. The bonus is available to customers who receive a direct communication, and it usually goes to people who already have a relationship with Bank of America. You must be targeted in order to apply.
To check if you’re targeted, just log into your account online and in the Activity Center, click on Special Offers & Deals. You should see the offer there. If you do, then it is definitely worth it, as $300 checking bonuses are not that common.
Offer & Requirements
To receive the $300 bonus, one must open a new Bank of America Core Checking OR Bank of America Interest Checking personal checking account by December 31, 2018 and receive Qualifying Direct Deposits equaling a total of $4000 or more in your new personal checking account within 90 days from account opening.
The $300 bonus will be deposited within 60 days of meeting the requirements. There’s a limit of one per customer and as usual you’ll receive a 1099, so you’ll have to pay taxes on it.
This offer is targeted so you need to see it in your account in order to qualify.
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.
The Core Checking account is probably the best option with a $12 monthly fee, which can be waived with any of the following options:
- Make at least one qualifying Direct Deposit of $250 or more, OR
- Maintain a minimum daily balance of $1,500 or more, OR
- Be a student under age 23 and enrolled in high school, college, or vocational program, OR
- Enroll in the Preferred Rewards program and qualify for the Gold, Platinum, or Platinum Honors tier (first 4 checking accounts only).
As a reminder, this exclusive offer is only for select Bank of America customers who don’t already have a personal checking account at Bank of America and who received an email or direct communication from Bank of America.
- Check you account
- Account Type: Core Checking
- Availability: Nationwide, Targeted
- Expiration Date:
April 15, 2017 April 30, 2018December 31, 2018 April 30, 2019
- Inquiry Type: Soft pull
- Direct Deposit Requirement: Direct Deposits equaling a total of $4000 within 90 days
- Monthly Fee: $12 (can be waived)
- Closing Account Fee: No