Bank Of America $300 Checking Bonus
The Offer: $300 bonus for opening a new Bank of America checking account and completing requirements. Offer expires January 31, 2025.
Eligibility:Â
- Nationwide.
- Offer is limited to individuals who have not owned or co-owned a Bank of America personal checking account within the last 12 months.
Step 1: Open a new eligible personal checking account online through the bank’s offer page. Eligible accounts include BoA Advantage Safe Balance Banking, BoA Advantage Plus Banking, and BoA Advantage Relationship Banking. Use offer promo code:Â LHR300CIS.
Step 2: Set up and receive qualifying direct deposits of $2000 or more within 90 days from account opening.
Step 3: A $300 bonus will be deposited to your account within 60 days of meeting requirements. Account must be open and in good standing. *Note: Recent DPs indicate the bonus is being paid out a lot sooner than the 60 days mentioned in the T&Cs. See link below for our Data Points page.
Summary & Links
The Good:
-Reasonable DD requirements.
-Bonus was $200 for a long time. They recently increased it to $300.
-No EATF (early account termination fee).
-Quick bonus payout, according to recent DPs.
The Bad:
-Safe Balance Banking checking account has a MSF of $4.95. Can be waived when meeting any of the following requirements:
- Owner of account is under 25 years old.
- Maintain a minimum daily balance of $500.
- Members of the Preferred Rewards Program.
Overall: A quick and easy nationwide bonus promotion. The increase to $300 makes this worth doing for those who held back when it was only $200.
Link to the Bank Of America offer page: Bank Of America $300 Bonus.
Link to our BoA Data Points page: Bank Of America Data Points.
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