Earn a $1,000 cash bonus for opening a new business checking account with Bank of America. You’ll need to make at least a $30,000 deposit to qualify for the offer.
- Update 11/17/23: The offer is still active. If the $30,000 deposit minimum is too high, this business checking bonus offer from Chase has a more reasonable requirement.
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 bonus
- Where it’s available: Nationwide
- How to earn it:
- Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account by December 31, 2023: AND
- Make Qualifying Deposits of $30,000 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 $30,000 for the next 60 days (day 31-90) during the Maintenance Period.
- When it expires: 12/31/2023
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
TRENDING DEAL:
▶ GET A $300 BONUS FROM CHASE FOR A NEW BUSINESS CHECKING ACCOUNT
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.
- Offer expires on December 31, 2023, and 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 Cash Bonus:
- Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account by December 31, 2023.
- Make Qualifying Deposits of $30,000 or more in new money* into your new Business Advantage Banking account within thirty (30) days of account opening.
- Maintain an average balance of $30,000 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 December 31, 2023. 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, BANK OF AMERICA, TD BANK, AXOS, 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 $30,000 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 6/30/24
- Bank of America Checking Account Bonus Offer – Ends 1/31/24
- Best Bank of America Promotions of November 2023 ($100 – $1,000 Offers)
- 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 & Bank of America Promotions: Up To $3,000 Checking & Brokerage Bonus – Ends 12/31/23
- 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.
