Bank of America is running a great promotion for new business checking customers, offering bonuses of up to $750 with relatively straightforward requirements.

Bonus Tiers

• $400 bonus:
  Deposit a total of $5,000 within the first 30 days of account opening and maintain at least a $5,000 balance from day 31 through day 90.
• $750 bonus:
  Deposit $15,000 within the first 30 days and maintain a $15,000 balance during the same day 31–90 maintenance period.

The Deal

• Bank of America is offering a cash bonus of up to $750 when you open a new business checking account.
• Eligible accounts:
  
  • Business Advantage Relationship Banking
  • Business Advantage Fundamentals™ Banking
•  
• Accounts must be opened by December 31, 2026.

How to Qualify

1. Open a new eligible account online through the official offer webpage by December 31, 2026. Accounts opened through other channels may not qualify.
2. Deposit New Money directly into the account within 30 days of opening (“Deposit Period”).
   
   • At the end of the Deposit Period, all New Money deposits are totaled to determine which bonus tier you qualify for.
3. Maintain the required balance during the Maintenance Period, which runs from day 31 through day 90 after account opening.
   
   • If your daily balance drops below the required threshold for a bonus tier, you may qualify for a lower tier.
   • If your balance drops below $5,000, you will no longer be eligible for any bonus.

Key Terms

• This offer is for new customers only. You are not eligible if you were an owner or signer on a Bank of America Business Advantage Banking account within the past 12 months.
• Bank of America employees are not eligible.
• Limit one bonus per business owner, regardless of the number of businesses owned.
• This offer cannot be combined with other promotions.
• Bank of America may change or discontinue this offer at any time without notice.
• All requirements must be completed within the stated time frames.
• Offer expires December 31, 2026.

Definitions

• New Money:
  Funds deposited that are not transferred from existing Bank of America or Merrill accounts. Transfers via ATM, teller, online banking, or redepositing withdrawn funds from a Bank of America account do not qualify as New Money.
• Maintenance Period:
  Begins 31 calendar days after account opening and ends 90 calendar days after account opening.

How to Get the Monthly Fee Waived

After the first 12 months, the $16 monthly fee can be avoided by meeting one of the following each statement cycle:

1. Maintain a $5,000 combined average monthly balance in eligible linked business deposit accounts, or
2. Spend $500 or more in new net purchases using a Bank of America business debit card.
   
   • Purchases must post to a single debit card account (spending cannot be combined across cards).
   • See the Business Schedule of Fees on Bank of America’s website for full details.