Find the latest Bank of America checking bonus and promotion here. Currently, you can earn a $200 bonus for opening a new Bank of America Advantage Banking account and setting up direct deposit. See the Bank of America promotional page for full details!
Bank of America Checking Bonus Offer
How To Earn The Bonus:
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page
- The offer code is TWT200CIS
- The offer is for new checking customers only
- Offer expires 5/31/2024
- To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new 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.
- Bank of America, N.A. Member FDIC
Offer Expires: May 31, 2024
- Update 1/23/2024: The offer was extended through 5/31/24.
- Update 11/3/2023: Some updates were made to the bonus details.
- Update 9/5/2023: The bonus has been increased from $100 to $200. The new expiration date is 1/31/24 and a new offer code is available.
- Update 8/16/2023: The bonus has been extended through 8/31/2023 with a new offer code.
- 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 Bank of America Checking 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 $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page
- The offer code is TWT200CIS
- The offer is for new checking customers only
- Offer expires 5/31/2024
- To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 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.
- Bank of America, N.A. Member FDIC
>> OPEN A NEW BANK OF AMERICA CHECKING ACCOUNT TO EARN $200
Account Features
Bank of America Advantage SafeBalance Banking®
Minimum opening deposit: $25
Monthly Maintenance Fee: $4.95 or $0 –No monthly maintenance fee each statement cycle when you meet one of the following: • an owner of this account is under the age of 25 or • maintain a minimum daily balance of $500 in your account or • are a member of Bank of America Preferred Rewards®
APY (Annual Percentage Yield): none, N/A
- If you’re looking for simple banking, SafeBalance® provides a straightforward, easy-to-use experience that lets you focus on the basics.
- Simple banking with an easy-to-use experience.
- Banking that helps you stay within your balance
- Digital banking in the palm of your hand – no paper check writing available with this account
- Helps keep you from spending more than you have – and no overdraft fees
- A great start for students and young adults
Bank of America Advantage Plus Banking®
Minimum opening deposit: $100
Monthly Maintenance Fee: $12 or $0 – No Monthly maintenance fee each statement cycle when you meet one of the following: • have at least one qualifying direct deposit of $250 or more or •maintain a minimum daily balance of $1,500 in your account or • are a member of Bank of America Preferred Rewards®
APY (Annual Percentage Yield): none, N/A
- If you’re looking for flexible banking, Advantage Plus Banking has options and features to help you meet your needs.
- Flexible banking to meet your needs
- Multiple ways to waive the monthly maintenance fee—including a qualifying direct deposit
- Pay with a debit card, Mobile and Online banking or paper checks (if purchased)
- Option to enroll in 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 – No monthly maintenance fee each statement cycle when you meet one of the following: • maintain a minimum daily balance of $20,000 in your account or • are a member of Bank of America Preferred Rewards®
APY (Annual Percentage Yield): 0.01-0.02%, see www.bankofamerica.com/depositsrates for today’s rates
- If you’re looking for comprehensive banking, Advantage Relationship helps you make the most of your banking relationship.
- Digital Banking with the choice to pay using a variety methods
- Earn interest on your balance
- No fees on select deposit services and no monthly maintenance fees on up to three additional checking accounts and four savings accounts when you ask us to link them to your primary Advantage Relationship Banking account.
- Option to enroll in Balance Connect® for overdraft protection
- Overdraft fee without Balance Connect® : $10 each item, up to 2 items per day
About Bank of America Advantage Banking
- Advantage Banking gives you the flexibility you deserve with distinct accounts to help meet you wherever you are in your journey
- Peace of mind with our $0 Liability Guarantee.
- With the Bank of America Preferred Rewards® program you’ll get benefits for all the ways you bank with us, including a credit card rewards bonus, no fees on select banking services, and more. Enroll early at account opening and bring in qualifying balances within 30 days to get started even sooner.
- Earn up to 10% cash back with BankAmeriDeals® at select restaurants and stores, when you pay with your Bank of America debit or credit card.
- Deposit checks from almost anywhere with the Bank of America Mobile Banking app on your smartphone or tablet.
- Easy, anytime access. Visit Bank of America at thousands of financial centers and ATMs.
- 24/7 security. Total Security Protection® and fraud monitoring. Secure sign-in, card locking features and more.
- Digital Banking with the choice to pay using a variety of methods
- Smart money management tools. Set custom alerts and savings goals. Get cash back deals and rewards customized for you.
Bank of America, N.A. Member FDIC
Compare With Other Checking Bonuses
- Chase College Checking℠ Coupon: $100 Bonus Offer – Ends 4/17/2024
- Chase Secure Banking℠ Account $100 Bonus – Ends 4/17/2024
- Chase Checking Bonus: $300 Chase Total Checking® Offer [Nationwide] – Ends 4/17/2024
- Earn $20 in Bitcoin: Uphold Sign-Up & Referral Bonuses Explained
- Citi Personal Wealth Management Bonus: Up To $5,000 Cash Offer – Ends 3/31/2024
Bottom Line
The current Bank of America checking bonus is a $200 bonus for new customers who open an account and set up a qualifying direct deposit within 90 days. See the Bank of America promotional page for more details.
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 accounts (Bank of America SafeBalance Banking, Bank of America Advantage Plus Banking, and Bank of America Relationship Banking) 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 options. 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 of our posts of offers from Bank of America:
- Bank of America Business Checking Account $1,000/$1,500 Bonus – Ended
- Best Bank of America Checking Account Bonuses, Offer Codes of March 2024
- Merrill Edge & Bank of America Promotions: Up To $3,000 Checking & Brokerage Bonus – Ends 4/30/24
- Bank of America Business Checking Account $200 Bonus – Ends 6/30/24
- Bank of America Student Checking $50 Bonus Offer – Ended
- Bank of America Business Checking Account $500 Bonus – Ended
- Bank of America Checking $300 Bonus Offer (Targeted) – Ended
- Merrill Edge Promotions: $600, Up To $750, and Up To $7,500 Investment Offers
- [Expired] Bank of America Savings Account $100 Bonus [Targeted]
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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