Bank of America Business Checking Account $1,000/$1,500 Bonus – Ended

Earn a $1,000 or $1,500 cash bonus for opening a new business checking account with Bank of America. You’ll need to make the minimum deposit to qualify for the offer. See details below.

• Update 7/11/2024: The offer is back through 12/31/24.
• Update 5/13/2024: The offer is back through July 31, 2024.
• Update 5/12/2024: The offer expired but check with your banker
• Update 4/3/2024: The offer is back through May 31, 2024.
• Update 3/17/2024: The offer has ended.
• Update 1/18/24: The offer returns with even better options: now get a $1,000 option for a $20,000 deposit (down from the previous $30,000 requirement), or choose the new $1,500 option available for a $50,000 deposit, an offer not previously available. The offer ends on February 29, 2024. If the $20,000 deposit minimum is too high, this business checking bonus offer from Chase has a more reasonable requirement.
• Update 12/21/23: The offer is still active but only until the end of the year.

If the deposit requirement is too high, you can also read about another variation of this offer that only requires a $5,000 deposit to qualify. The bonus earned for that offer is also less.

READ MORE: EARN A $200 BONUS FOR A PERSONAL BANK OF AMERICA CHECKING ACCOUNT

Offer Details

• What you’ll get: $1,000 or $1,500 bonus
• Where it’s available: In-branch
• How to earn it:
  • Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account by February 29, 2024: AND
    • Earn $1,000:
      • Make Qualifying Deposits of $20,000 or more in new money into your new Business Advantage Banking account within thirty (30) days of account opening; AND
      • Maintain an average balance of $20,000 for the next 60 days (day 31-90) during the Maintenance Period.
    • Earn $1,500:
      • Make Qualifying Deposits of $50,000 or more in new money into your new Business Advantage Banking account within thirty (30) days of account opening; AND
      • Maintain an average balance of $50,000 for the next 60 days (day 31-90) during the Maintenance Period.
• When it expires: 12/31/24

>> OFFER LINK

This offer is YMMV, you must talk to a small business banker in-branch to see if you can get the offer.

Other related Bank of America offers to consider:

• $200 bonus for a personal checking account
• $200 bonus for a business checking account with a $5,000 deposit requirement

Fine Print

Offer Eligibility:

• This offer is only available to business owners who receive this offer via a direct communication from a Bank of America Specialist or from a Bank of America communication.
• This offer is intended for new customers only; you are not eligible for this offer if you were an owner or signer on a Bank of America Business Advantage Banking account within the last twelve (12) months.
• Only one bonus ($1,000) per business customer, regardless of the number of businesses owned or operated by the customer.
• Bank of America employees are not eligible for this offer.
• All qualifying activities must be completed within the stated time frames in order to be eligible for this offer.
• Bank of America may change or discontinue this offer at any time before this date without notice.
• Reproduction, purchase, sale, transfer, or trade of this offer is prohibited.

Requirements for Receiving a $1,000/$1,500 Cash Bonus:

• Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account.
• Make Qualifying Deposits of $20,000/$50,000 or more in new money* into your new Business Advantage Banking account within thirty (30) days of account opening.
• Maintain an average balance of $20,000/$50,000 or more during the Maintenance Period** into the new Business Advantage Banking account.
• All account applications are subject to approval.
• Your account does not qualify for the bonus until you provide all of the information we require in connection with opening the account by the promotion end date. This includes information we require to identify each account owner and to report the bonus to the Internal Revenue Service (IRS), including a validly completed IRS Form W-9 or Form W8 (as applicable).
• The value of this bonus may constitute taxable income to you. 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.
• Please consult a financial center, visit bankofamerica.com, or see the Business Schedule of Fees found at bankofamerica.com/businessfeesataglance for other account fees, rates, and information.

READ MORE: WELCOME OFFERS FROM CHASE AND BMO.

Bottom Line

In my view, this Bank of America offer for business owners seems like a compelling opportunity for those who meet the hefty $20,000 deposit requirement. Keep in mind, this is a targeted offer so YMMV. It’s exclusive to individuals who receive it directly from a Bank of America Specialist or through official Bank of America communication.

More from Bank of America:

• Bank of America Business Checking Account $200 Bonus – Ends 12/31/24
• Bank of America $300 Checking Account Bonus: How to Qualify and Maximize Your Rewards – Ends 1/31/25
• Bank of America Checking Bonus: Earn $200 Offer – Ended
• Best Bank of America Checking Account Bonuses & Offer Codes of October 2024
• Bank of America Checking Account Offer: Earn a $500 Bonus – Ends 12/31/24
• Merrill Edge Promotions: $1000 Investment Offer, Up To $7500 Secret Offer
• Merrill Edge & Bank of America Promotions: Up To $3,000 Checking & Brokerage Bonus – Ended
• 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
• [Expired] Bank of America Savings Account $100 Bonus [Targeted]

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