Bank of America Checking Account $100 Bonus Offer – Ends 6/30/23

Find the latest promotions and bonus money offers for Bank of America Advantage Banking here. Currently, you can earn a $100 bonus for opening a new account and setting up direct deposit. Full offer details below!

• Update 11/22/2022: The bonus has been extended through 6/30/2023 with a new offer code below.

Bank of America is one the nation’s largest banks with thousands of ATMs and Financial Centers, and they’re good with providing special bank offers to get new customers.

How To Earn The Bonus

You’ll need to open an account online through the link below and set up direct deposit to qualify for the bonus.

Here are the details:

• The $100 bonus offer is an online only offer and must be opened through the Bank of America promotional page
• The offer code is DMF100CIS
• The offer is for new checking customers only
• Offer expires 6/30/2023
• To qualify, open an account through the promotional page and set up and receive qualifying direct deposits totaling $1000 or more into that account within 90 days of opening.
• Bank of America will attempt to pay bonus within 60 days.
• Additional terms and conditions apply. See offer page for more details.

>> OPEN A NEW BANK OF AMERICA CHECKING ACCOUNT TO EARN $100

Account Features

Bank of America Advantage SafeBalance Banking^®

Minimum opening deposit: $25

Monthly Maintenance Fee: $4.95 or $0 – fee may be waived for Students under 25 or enrolled in preferred rewards

APY (Annual Percentage Yield): none, N/A

• Advantage Banking is one account with three settings – Advantage SafeBalance Banking is one of the account settings
• Banking that helps you stay within your balance
• Checkless banking with flexible ways to pay – pay with a debit card, Mobile or Online banking. No paper check writing with this account setting.
• Get help spending only the money you have available
• No overdraft fees
• No monthly maintenance fee for Students under 25 enrolled in school or an educational or vocational program

Bank of America Advantage Plus Banking^®

Minimum opening deposit: $100

Monthly Maintenance Fee: $12 or $0 – fee may be waive when enrolled in Preferred Rewards or have at least one qualifying direct deposit of $250 or more, or maintain a minimum daily balance of at least $1,500 each statement cycle

APY (Annual Percentage Yield): none, N/A

• Advantage Banking is one account with three settings – Advantage Plus Banking is one of the account settings
• Choose from multiple ways to waive the monthly maintenance fee
• Pay with a debit card, Mobile and Online banking or paper checks (if purchased)
• Option to add Balance Connect^® for overdraft protection
  • Overdraft fee without Balance Connect^®: $10 each item, up to 2 items per day

Bank of America Advantage Relationship Banking^®

Minimum opening deposit: $100

Monthly Maintenance Fee: $25 or $0 – We’ll waive your fee if you maintain a combined balance of at least $10,000 during each statement cycle in eligible linked accounts or be enrolled in Preferred Rewards

APY (Annual Percentage Yield): 0.01-0.02%, see www.bankofamerica.com/depositsrates for today’s rates

• Advantage Banking is one account with three settings – Advantage Relationship Banking is one of the account settings
• Perks for higher balances, like fee waivers and interest
• Earn interest on your balance
• Get fee waivers on select services including:
  • Additional checking or savings accounts
  • Incoming domestic wires
  • Standard check purchases
• Option to add Balance Connect^® for overdraft protection
  • Overdraft fee without Balance Connect^® : $10 each item, up to 2 items per day

READ MORE: CHASE BANK IS ALSO OFFERING A GREAT BONUS FOR CHECKING ACCOUNTS

About Bank of America Advantage Banking

• Bank of America Advantage Banking is a checking account with 3 settings. Pick the 1 that works. If life changes, just switch it up.
• Easy, anytime access: visit us at thousands of financial centers and ATMs.
• 24/7 security: Total Security Protection^® and fraud monitoring. Secure sign-in, card locking features and more.
• Convenient ways to pay: Use your debit card or a digital wallet.
• Smart money management tools: Set custom alerts and savings goals. Get cash back deals and rewards customized for you.
• Unauthorized Transactions: Our $0 Liability Guarantee means that you’re not liable for unauthorized transactions made using your consumer debit card, as long as you report them promptly.
• Debit card controls: Temporarily lock a misplaced card quickly and easily to help prevent unauthorized use.
• Custom alerts: Know now and react fast to important account changes. You can set custom alerts via email or text for things like a low balance, a pending deposit, an upcoming bill and more.

Member FDIC

READ MORE: GET TOP BONUSES FROM CHASE, AXOS, TD BANK AND U.S. BANK.

Bottom Line

Bank of America’s Advantage Banking offers a $100 bonus for new customers who open an account and set up a qualifying direct deposit within 90 days.

As one of the nation’s largest banks, they have a wide network of ATMs and Financial Centers, which is a plus for those who value convenience.

The Advantage Banking account comes with three different settings (SafeBalance, Plus, and Relationship) to suit various customer needs, with varying features, fees, and requirements.

While the bonus offer is appealing, it’s important to weigh the pros and cons of each account setting. For instance, the Advantage SafeBalance Banking is great for students and those who want checkless banking without overdraft fees.

On the other hand, Advantage Plus Banking and Advantage Relationship Banking offer more perks and benefits for those who maintain higher balances or enroll in Preferred Rewards. However, it’s worth noting that none of the accounts, except for the Advantage Relationship Banking, offers an Annual Percentage Yield (APY), and even then, the rates are quite low.

Ultimately, the decision to open a Bank of America Advantage Banking account should be based on your individual banking needs and preferences. If the bonus, accessibility, and account options align with your requirements, it might be a good fit.

However, if earning interest on your balance is a priority or you deem the monthly fees difficult to waive, it’s worth exploring other options in the market.

>> OPEN A NEW BANK OF AMERICA CHECKING ACCOUNT FOR THE BONUS BEFORE IT EXPIRES

More from Bank of America:

• Best Bank of America Promotions of May 2023 ($100 – $1000 Offers)
• Bank of America Business Checking Account $200 Bonus – Ends 6/30/23
• Bank of America Checking $300 Bonus Offer (Targeted) – Ended
• Bank of America Student Checking $50 Bonus Offer – Ended
• Bank of America Send Money With Zelle, Get $10 Bonus
• Bank of America Business Checking Account $500 Bonus – Ended
• Merrill Edge Promotions: $600, Up To $750, and Up To $1,000 Investment Offers
• [Targeted] Bank of America Savings Account $100 Bonus

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.