Earn a $500 bonus by opening a new Bank of America checking account and meeting certain requirements. Learn more about this limited-time offer.
Introduction: Big Bonus, Easy Steps
Bank of America is offering a $500 cash bonus for new customers who open an eligible checking account and meet specific conditions. Whether you’re looking for a simple checking option or something more comprehensive, this bonus could be a great way to kick-start your banking relationship with Bank of America!
Key Takeaways
- Earn up to $500 when you open a new eligible Bank of America checking account.
- Deposit $15,000 or more in new money within 30 days.
- Maintain a balance of $15,000 for at least 90 days.
- Actively use the account with deposits, Zelle transfers, or mobile check deposits.
- Promotion expires Jan
How to Earn the $500 Bonus
Here’s a step-by-step guide to getting your bonus.
Open a new eligible Bank of America personal checking account online through this offer page by January 31, 2026. Within 90 days of opening, set up and receive qualifying direct deposits (such as payroll, pension, or Social Security) into your account. The total amount of these deposits during the 90-day period determines your bonus:
- $2,000–$4,999 = $100
- $5,000–$9,999 = $300
- $10,000 or more = $500
Your bonus will be deposited into your account within 60 days once all requirements are met, as long as your account remains open and in good standing.
Account Options to Suit Your Needs
Bank of America offers a range of checking accounts tailored to meet different financial needs. Here’s a closer look at the key options available:
- SafeBalance Banking®: Ideal for those who want simplicity with no risk of overdraft. The $25 minimum opening deposit makes this a perfect choice for new bankers.
- Advantage Plus Banking®: A more flexible account, this option provides overdraft protection and other helpful features for managing your finances.
- Advantage Relationship Banking®: If you maintain a higher balance, this account offers premium benefits such as earning interest and reduced fees on select services.
These accounts give you access to Bank of America’s extensive banking services, including robust mobile banking, access to thousands of ATMs nationwide, and financial tools to help you manage your money.
Trending Checking Account Deal:
Important Details to Keep in Mind
Before you rush to open your new Bank of America checking account, there are a few additional details you should be aware of:
- Eligibility: This offer is available only to new customers who have not had a personal checking account with Bank of America in the past 12 months.
- Tax Reporting: As with most financial bonuses, this $500 will be considered taxable income and reported on IRS Form 1099-INT. Keep this in mind when planning your taxes for the year.
- Expiration Date: This promotion is available until December 31, 2024, so make sure to act quickly if you want to take advantage of it.
Our Take on the Offer
Bank of America’s $500 checking account bonus is a nice opportunity for new customers to earn extra money simply by opening an account and meeting basic requirements. With a solid range of account options, from SafeBalance Banking® to Advantage Relationship Banking®, Bank of America caters to diverse financial needs, whether you want a no-frills account or prefer to earn interest on higher balances.
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