2025.8 Replace: There’s a brand new as much as $500 supply. Solely DD is required. Deadline: 2026.1.31.

2025.2 Replace: The $300 supply prolonged the deadline to 2025.5.31. [Update] Prolonged to six.30. [Update] Prolonged to 7.31.

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Advantages

1. New Checking Account Bonus: as much as $500. See under for the necessities to get this bonus. Provide ends on 2026.1.31.
2. There’s a month-to-month upkeep charge of $4.95/$12/$25 relying on the kind of the checking account. You’ll be able to keep away from this by following the steps under.
3. BoA Most well-liked Rewards program: When you’ve got this BoA checking account, and you’ve got sufficient belongings in checking/financial savings/brokerage account in BoA or Merrill Edge, you’ll be able to earn further factors based mostly on the quantity of asset. Earn further 25% rewards in case you are in Gold tier ($20k or extra in steadiness); 50% if Platinum tier ($50k or extra in steadiness); 75% if Platinum Honors tier ($100k or extra in steadiness).
4. Not like most different banks, transferring cash out of BoA (i.e. ACH push from BoA) has a charge! To keep away from this charge, you’ll want to begin the switch from the receiving financial institution (i.e. ACH pull from different financial institution). [Update] Ranging from Jun 2023, this charge is not charged by BoA.
5. No early termination charge.
6. BoA is without doubt one of the largest banks in America, so their department and ATM community is huge.

Bonus Necessities

1. When you’ve got a BoA checking account prior to now 12 months, you aren’t eligible for this supply. Knowledge factors present that in case you shut an outdated BoA checking account and apply for a brand new one after 12 months, you might be eligible once more for the bonus.
2. Direct Deposit (DD) requirement: obtain qualifying direct deposits totaling $2,000/$5,000/$10,000 or extra inside 90 days, and get $100/$300/$500 bonus.

Totally different BoA Checking Accounts

• Financial institution of America Benefit SafeBalance Banking (Previously BoA Core Checking for College students)
• Financial institution of America Benefit Plus Banking (Previously BoA Core Checking)
• Financial institution of America Benefit Relationship Banking (Previously BoA Curiosity Checking)

Right here is a comparability and distinction on the official web site. The Benefit Plus Banking is the most well-liked one.

Easy methods to Keep away from the Month-to-month Payment (Meet Any One of many Necessities Under)

Financial institution of America Benefit SafeBalance Banking (Previously BoA Core Checking for College students): $4.95 month-to-month charge

1. College students underneath age 24 are eligible to have this charge waived whereas enrolled at school.
2. Enroll in Most well-liked Rewards.

Financial institution of America Benefit Plus Banking (Previously BoA Core Checking): $12 month-to-month charge

1. College students underneath age 24 are eligible to have this charge waived whereas enrolled at school.
2. Have not less than a $250 Direct Deposit every month.
3. Keep a each day common steadiness of not less than $1,500.
4. Enroll in Most well-liked Rewards.

Financial institution of America Benefit Relationship Banking (Previously BoA Curiosity Checking): $25 month-to-month charge

1. Keep a each day common steadiness of not less than $10,000.
2. Enroll in Most well-liked Rewards.

Abstract

Financial institution of America is the biggest retail financial institution within the US, and many individuals use it as their main checking account. The $300 supply is an effective one, get it if you’ll be able to arrange a direct deposit.

Historic Affords Chart

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