Looking for a substantial business banking bonus from one of America’s largest financial institutions? Bank of America is offering new business customers the chance to earn up to $1000 when you open a qualifying Business Advantage Banking account.
Here’s what makes this offer compelling: Bank of America has structured their bonus to reward businesses that can bring meaningful deposits to the relationship. But the requirements are straightforward—no complex transaction quotas or multiple hoops to jump through.
Want the best bank bonuses nationwide? Check out our top picks here—including huge offers from Chase, BMO, CIT Bank and Axos Bank that you won’t want to miss!
Bank of America Business Checking Bonus Overview
Bonus Amount: Up to $1,000 cash bonus
Qualification Requirements: New money deposits and balance maintenance
Offer Expires: December 31, 2026
Availability: Online only through the promotional webpage
Eligibility: New business customers only
How to Earn Your Business Checking Bonus
The process follows a simple three-step structure:
Step 1: Open Your Account
Open a new eligible Business Advantage Banking account online through Bank of America’s promotional webpage by December 31, 2026.
Step 2: Make New Money Deposits
Within 30 days of account opening, deposit new money directly into your account:
- $400 Bonus: Deposit $5,000 in new money
- $750 Bonus: Deposit $15,000 in new money
Step 3: Maintain Your Balance
Keep your daily balance above the minimum threshold during the maintenance period (days 31-90 after account opening):
- For $400 bonus: Maintain $5,000+ daily balance
- For $750 bonus: Maintain $15,000+ daily balance
Bonus Payment
Bank of America will deposit your earned bonus within 60 days after you complete all requirements.
TRENDING DEAL:
Disclaimers:
The Annual Percentage Yield (APY) is accurate as of 2/2/2026. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account. Axos ONE® Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.The Axos ONE® Checking account will earn a base rate of 0.00% APY. The Axos ONE® Savings account will earn a base rate of up to 1.00% APY.Axos ONE® accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE® Checking and Axos ONE® Savings, the Axos ONE® Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:Option 1Your Axos ONE® Checking account has received monthly qualifying direct deposits of at least $1,500 in total.The average daily balance of your Axos ONE® Checking account is at least $1,500.Option 2Your Axos ONE® Checking account has received monthly qualifying deposits of at least $5,000 in total.The average daily balance of your Axos ONE® Checking account is at least $5,000.If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:The Axos ONE® Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.The Axos ONE® Savings account will earn a promotional rate of up to 4.21% APY for the statement cycle in which the requirements are met.The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits or qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the promotional APY starting in the following month.A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. International paychecks, international government benefits, other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.), or person-to-person payments are not considered a direct deposit.Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.Both accounts must be in an open and active status on the 25th of the month and on the date the interest is paid to receive the promotional APY for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account. Show Less
Understanding “New Money” Requirements
This is crucial: Bank of America defines “new money” as funds that don’t come from other Bank of America accounts or Merrill investment accounts.
What Counts as New Money:
- Deposits from external banks
- Business revenue deposited directly
- Funds from non-Bank of America sources
What Doesn’t Count:
- Transfers from other Bank of America accounts
- Transfers from Merrill investment accounts
- Cash withdrawn from existing BofA accounts and redeposited
Business Advantage Banking Account Options
Business Advantage Fundamentals™ Banking
Perfect for smaller companies with basic checking needs
- Monthly Fee: $0 for first 12 months, then $16 (waivable)
- Best For: Small businesses with straightforward banking needs
- Fee Waiver Options: $5,000 average balance, $500+ monthly debit card purchases, or Preferred Rewards membership
Business Advantage Relationship Banking
Comprehensive solution for larger companies with complex needs
- Monthly Fee: Variable based on services used
- Best For: Established businesses with multiple accounts and higher transaction volumes
- Additional Benefits: $0 monthly fee on second Relationship Banking account, free Business Savings account, no monthly fee for incoming wires
TRENDING DEAL:
What Makes Bank of America Business Banking Stand Out
Industry Leadership
Bank of America is the #1 Small Business Lender in the U.S. based on FDIC data, with over 3 million business clients trusting them for their banking needs.
Comprehensive Digital Platform
Business Advantage 360 provides a full suite of online and mobile banking tools, including:
- Invoice creation and online payment acceptance
- Multi-user access with customized permissions
- Cash flow monitoring and connected apps
- Remote deposit capture (after trial period)
Extensive Network
Access to thousands of branches and ATMs nationwide, plus digital banking capabilities that work wherever your business takes you.
Integrated Business Solutions
Beyond basic banking, you get access to business credit monitoring, merchant services, and connections to business growth resources.
Who Should Consider This Offer?
Established Businesses with Strong Cash Flow
If your business regularly maintains $5,000-$15,000+ in checking account balances, this bonus essentially pays you for switching banks.
Companies Seeking Comprehensive Banking
Businesses that want more than just basic checking—those needing merchant services, business credit monitoring, and advanced digital tools.
Growth-Oriented Businesses
Companies that can benefit from Bank of America’s extensive business resources and potential for expanding the banking relationship over time.
Important Eligibility and Fine Print
New Customers Only
You’re not eligible if you were an owner or signer on a Bank of America Business Advantage Banking account within the last 12 months.
Online Only Offer
This bonus is exclusively available through the promotional webpage—you can’t get it by visiting a branch or calling the bank.
Balance Maintenance Critical
If your daily balance drops below the required minimum during the maintenance period, you’ll lose eligibility for that bonus tier (though you might still qualify for a lower tier).
Tax Implications
The bonus is considered taxable income and will be reported on IRS Form 1099.
My Take on the Bank of America Business Bonus
What I find attractive about this offer is the straightforward structure. There are no complex transaction requirements or multiple qualifying activities—just deposit new money and maintain your balance.
The bonus amounts are competitive, especially the $750 tier. For businesses that can comfortably maintain $15,000+ balances, that’s a solid return on funds you’d be keeping in checking anyway.
The main consideration is the “new money” requirement. You need to bring fresh funds to Bank of America, not just shuffle money between existing accounts. This works best for businesses switching from other banks or those with cash reserves they can move.
The 60-day maintenance period after the initial 30-day deposit period means you’re committing to keeping funds with Bank of America for about three months total—reasonable for a bonus of this size.
Is This Business Bonus Right for You?
Consider this offer if you:
- Can bring $5,000-$15,000 in new money from external sources
- Want to establish a relationship with a major national bank
- Need comprehensive business banking services beyond basic checking
- Can maintain the required balances without impacting business operations
- Value extensive branch/ATM networks and advanced digital banking
Skip it if you:
- Don’t have access to the required new money amounts
- Can’t maintain the minimum balances comfortably
- Already have a business banking relationship that meets your needs
- Prefer community banks or credit unions over large national banks
The Bottom Line
Bank of America’s business checking bonus offers substantial rewards for businesses that can meet the deposit and balance requirements. The $1000 maximum bonus is among the higher offers available from major banks, and the qualification process is refreshingly straightforward.
The key is ensuring you have genuine “new money” to bring to the relationship and can maintain the required balances without straining your business cash flow. If those pieces align, this bonus could provide significant value while establishing a relationship with one of America’s leading business banks.
Ready to claim your bonus? Visit Bank of America’s promotional webpage before December 31, 2026, and start the account opening process. Remember, this offer is only available online through the specific promotional page—you can’t get it through other channels.
Make sure you understand the new money requirements and balance maintenance obligations before proceeding. With proper planning, this could be a valuable addition to your business banking strategy while earning a substantial cash bonus.
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