Bank Of America $100 Checking Bonus

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Bank of America is offering a $100 bonus when you open a new checking account! This checking account bonus offer is available to everyone nationwide. See below for more details.

Bank of America $100 Bonus Offer

Bank of America is offering a bonus of $100 when you open a new checking account with them and complete the of the following requirement:

  • Set up and receive two qualifying direct deposits totaling at least $250 each within 90 days of account opening

The checking accounts eligible for this bonus is the Bank of America Advantage banking product line.

Bank of America $100 checking bonus offer

Where Do I Enroll?

Direct Link

This is an online-only offer that’s not available at a physical Bank of America branch. It’s only valid through the direct link I’ve provided above.

Related:

What Are The Details?

Availability: Nationwide
Expiration: 06/30/2021
Household Limit: None (everyone in your family can get the bonus!)
Direct Deposit Required: Two deposits of at least $250 each within 90 days
Hard/Soft Pull: Soft (as long as you opt out of overdraft protection)
Early Account Termination Fee: None

Avoiding Fees

The monthly fee ranges between $4.95 to $25 depending on which Advantage Banking account you open. There are 3 different checking account types:

Bank of America Advantage SafeBalance Banking

The monthly fee of $4.95 can be waived if you do one of the following:

  • Students under age 24 are eligible to have this fee waived while enrolled in high school, college, university, or vocational program; OR
  • Preferred Rewards clients get this fee waived (waiver applies to the first 4 checking account)

Bank of America Advantage Plus Banking

The Advantage Plus Banking account is the easiest account to keep fee-free. The $12 monthly fee can be waived if you do any one of the following:

  • Maintain a minimum daily balance of $1,500 or more; OR
  • Receive a direct deposit of $250; OR
  • Students under age 24 are eligible to have this fee waived while enrolled in high school, college, university, or vocational program; OR
  • Preferred Rewards clients get this fee waived (waiver applies to the first 4 checking account)

Bank of America Advantage Relationship Banking

The monthly fee of $25 can be waived if you do one of the following:

  • Maintain a minimum daily balance of $10,000 or more in eligible linked accounts (combined average daily balance in checking, savings, CDs, IRAs, and Merrill investment accounts); OR
  • Preferred Rewards clients get this fee waived (waiver applies to the first 4 checking account)

$100 Bonus Terms & Conditions

Requirements to Receive the $100 Online Only Offer bonus:

  • 1) Enroll in this offer online by using the “Open account” link on the offer page or by entering the offer code at the time of account opening.
  • 2) Open a new eligible Bank of America personal checking account online by June 30, 2021.
  • 3) Set up and receive two Qualifying Direct Deposits of $250 or more each to your new personal checking account within ninety (90) days of account opening.
  • Offer is available online only and is limited to new personal checking customers only; you are not eligible for this offer if you were an owner or co-owner of a Bank of America personal checking account within the last twelve (12) months. Fiduciary accounts (e.g., trust accounts) are excluded. Offer does not apply to business, second or multiple personal checking accounts. Offer expires on June 30, 2021. Bank of America may change or discontinue this offer at any time before this date without notice.
  • “Qualifying Direct Deposit” is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them. Examples of non-qualifying transfers and deposits include the following: teller deposits, wire transfers, debit card transfers, ATM transfers or deposits, Online and Mobile Banking transfers or deposits, or transfers from a bank or brokerage account or Merrill account.

If you meet all of the requirements, we will attempt to deposit the earned bonus directly into your new personal checking account within sixty (60) days; if unable to do so, a check will be issued. The new personal checking account must be open up to and including the date any earned bonus is paid in order to receive the bonus.

  • After you satisfy all of the requirements, we will attempt to deposit the earned bonus directly into your new personal checking account within sixty (60) days. The new personal checking account must be open and in good standing up to and including the date any earned bonus is paid in order to receive the bonus.
  • The value of this bonus may constitute taxable income to you. Bank of America may issue an IRS Form 1099 (or other appropriate form) to you that reflects the value of such bonus. To the extent required by law, Bank of America may withhold tax or other amounts from the payment. Please consult your tax advisor, as neither Bank of America, its affiliates, nor their employees provide tax advice.

The Bottom Line

There’s also a targeted $500 bonus available, but not everyone sees that offer and it requires direct deposits of $10,000 – much higher than what’s needed for this promo.

This looks like an easy offer to do and publicly available for everyone that hasn’t had a BoA personal checking account in the last 12 months.

I’ll add this to my list of the best bank bonuses.

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