Bank of America $100-$500 Checking Bonus

The offer lasts until September 30, 2026

Postponed until May 31, 2026

Offer at a glance

Offers

Direct link to the offer

• Bank of America offers a $500 bonus when you open a new checking account. The bonus you receive depends on the total direct deposits you receive into your account within the first 90 days.
  • $100 when you get $2,000 in total direct deposits
  • $300 when you receive $5,000 in total direct deposits
  • $500 when you get $10,000+ in total direct deposits

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.
  Offer limited to individuals who have not owned or co-owned a Bank of America personal checking account within the past twelve (12) months. Fiduciary accounts (eg, trusts), Bank of America Advantage SafeBalance Banking® for Family Banking accounts and business accounts are not eligible for this offer. The offer cannot be combined with any other checking offer and is limited to one bonus per account and per customer. Offer expires January 31, 2026. 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 check bonus:
  • Open a new eligible personal checking account online through this offer’s website by January 31, 2026, to enroll in this offer. If you open your account in any other way, you may not be eligible to earn the check bonus.
    Bank of America Advantage SafeBalance Banking®, Bank of America Advantage Plus Banking®, Bank of America Advantage Relationship Banking® accounts are eligible for this offer. Bank of America Advantage SafeBalance Banking® accounts for Family Banking are not eligible for this offer.
  • Place and receive qualifying Direct Deposits into that eligible personal checking account within ninety (90) days of account opening (the “Deposit Period”).
• A “Qualified Direct Deposit” is a direct deposit of regular monthly income – such as salary, pension or Social Security benefits, which is made by your employer or other payer – using the account and routing numbers you give them. Examples of non-qualified transfers and deposits include the following: cashier’s deposits, wire transfers, debit card transfers, ATM transfers or deposits, online and mobile banking transfers or deposits, or transfers from a bank or brokerage account or Merrill investment account.
• Once you meet all the requirements, we will attempt to deposit the earned bonus directly into your new eligible personal checking account within sixty (60) days. The new eligible personal checking account must be open and in good standing up to and including the date any bonus earned is paid out.
• Your receipt of any bonus is subject to verification that you have provided all information we require in connection with account maintenance. This includes the information necessary to identify each account owner and report the bonus to the Internal Revenue Service (IRS), including a validly completed IRS Form W-9 or Form W-8 (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 payment. Bank of America may issue you an IRS Form 1099 (or other appropriate form) that reflects the value of this bonus. Please consult your own tax advisor, as neither Bank of America, its subsidiaries, nor their employees provide tax advice.
• All bank account bonuses are treated as income/interest and as such you must pay tax on them

Avoidance of fees

Monthly fees

Advantage Plus checking is easier to maintain with no fees. This has a monthly fee of $12:

• Have at least a qualifying direct deposit of $250 or more or
• Maintain a minimum daily balance of $1,500 in your account

Early account termination fee

This account has no early account closure fee.

Our verdict

Previously there was a $300 bonus that required $2,000 in direct deposits. This new offer is only better if you can make the $500 bonus which requires $10,000 in direct deposits. I think this bonus is worth doing especially there are many methods to manipulate direct deposit request. We will add this to our list best bank account bonuses.

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