Update 7/7/26: There is a new bonus up to $2,500.
Offer at a glance
- Maximum bonus amount: 2500 dollars
- Availability: On a national scale
- Direct deposit required: No.
- Additional requirements: Deposit and hold $5,000-$200,000
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card financing: None, but can be financed with a debit card up to $300
- Monthly fees: None for 12 months
- Early account closure fee: ANY
- Family boundary: None listed
- Expiration date: December 31, 2026
Offers
Direct link to the offer (best link for $15,000 deposit of $750 – better link for higher levels)
- Bank of America is offering a bonus of up to $750 when you open a new Business Advantage bank account and make and save new Cash Deposits. Must deposit funds within 30 days of account opening and hold balance from day 31 to day 90
Fine Press
- This offer is available online only and may not be available if you leave this page, visit bankofamerica.com, visit a Bank of America financial center or call the bank.
- This offer is intended for new customers only; you are not eligible for this offer if you have been the owner or signer on a Bank of America Business Advantage bank account within the past twelve (12) months. Bank of America employees are not eligible for this offer.
- The offer expires on December 31, 2026 and all qualifying activities must be completed within the specified timeframes. This offer cannot be combined with any other offer. You must meet all the requirements of this offer to receive the bonus. Only one Business Advantage bank account offer ($400 or $750) per business owner, regardless of the number of businesses owned or operated by the customer. Bank of America may change or discontinue this offer at any time prior to this date without notice.
- You may receive various Bank of America checking promotional offers by various methods, eg, by mail, in person, or by email/online. These promotional offers may have different terms based on how Bank of America presents them.
- Requirements to receive a Business Advantage Bank Cash Bonus:
- Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ account online through this offer’s website by December 31, 2026, to enroll in this offer. If you open your account in any other way, you may not be eligible to earn the cash bonus.
- Deposit new money* directly into that new eligible Bank of America Business Advantage bank account within thirty (30) days of opening the account (“Deposit Period”). At the end of the deposit period, all new cash deposits made directly into the eligible new Business Advantage Banking account will be totaled to determine which Balance Requirements you have met and which corresponding cash bonus level you are entitled to (see bonus chart below).
- Maintain a daily balance in that new Business Advantage bank account that meets the applicable balance requirements (see bonus chart above) during the maintenance period**. During the Maintenance Period, if your Daily Balance falls below the minimum balance requirement listed for a relevant Cash Bonus Level, you will no longer be eligible for that Cash Bonus Level, but may qualify for a lower level (as applicable, based on the lowest Daily Balance during the Maintenance Period). If your daily balance falls below $5,000, you will no longer be eligible for a cash bonus.
- New money is new funds deposited into your Business Advantage bank account that are not transfers from other Bank of America accounts or Merrill investment accounts. A transfer made through an ATM, online or teller machine, or a transfer from a Bank of America or brokerage account, such as a Merrill account, is not considered new money. A withdrawal of money from an existing Bank of America account and deposited into the new Business Advantage Bank account is not considered new money.
- The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
- Once you meet all the requirements, we will attempt to deposit the earned bonus directly into your new eligible Bank of America Business Advantage Banking account within sixty (60) days. The new eligible Bank of America Business Advantage bank account must be open and in good standing up to and including the payment date of any bonus earned.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
Business Basics at $16 per month. The fee is waived for smaller companies for the first 12 months, otherwise you must:
- Maintain an average combined balance of $5,000, or
- Spend at least $500 in net new purchases on your business debit card, or
- Become a member of Preferred Rewards for Business
There is no fee for smaller companies for the first 12 months
Early account termination fee
There is no fee for early account closure.
Our verdict
There is one Bigger bonus available but requires contacting a small business banker. The $750 tier is also worse with that offer and there is no $400 tier, so it’s only worth considering if you’re going to do the $1,000, $1,500, or $3,000 tiers.
These accounts basically earn 0% APY and at best you’ll need to tie up funds for 60 days (probably more like 90 days to be safe). If you put $5,000 into a 5% account, you’ll only earn ~$62.5 and ~$187.5 for the $750 bonus, so obviously these bonuses are significantly better and worth doing.
Since this bonus is available online, we will add them to our site best business check bonus site.
Hat tip to readers slave & Pickle Rick
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