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Bank of America wants to welcome you as a new customer—with a hundred dollars cash when you open a personal checking account. As the second-largest U.S. bank in terms of assets, Bank of America has a national presence in keeping with its name: It operates 4,100 branch locations and 16,000 ATMs across 37 states and the District of Columbia. BofA serves around 37 million U.S. customers, including those who hold a substantial amount of assets with the bank and qualify for its Preferred Rewards program, offering additional perks, reduced fees and rewards multipliers. Bank of America is eager for new customers, too, and uses attractive sign-up bonuses to bring them in. How Can You Get a Bank of America Checking Account Offer?It’s relatively easy to qualify for a Bank of America promotion as a new consumer checking customer. Here’s what you need to do:
Here are the current Bank of America new-account promotions for individual checking customers. Offer details are accurate as of Oct. 30, 2022. Bank of America Advantage Banking Promotion for 2022: Score $100Bank of America offers a suite of checking account products for consumers, under its Advantage Banking brand. Options include:
Bank of America Advantage SafeBalance Banking®, a “checkless” checking account that doesn’t allow paper check writing and has a $4.95 monthly maintenance fee; Bank of America Advantage Plus Banking®, which the bank calls “a good choice if you want everyday banking” and carries a $12 monthly fee; and Advantage Relationship Banking, which earns interest and has a $25 monthly fee.
Is a Bank of America Welcome Bonus a Good Deal?Bank of America’s welcome bonuses for new personal checking accounts are competitive, on par with bonuses frequently offered by other large national banks. They have fairly simple requirements to qualify, but they’re not as generous as some of the best bank bonuses out there. What Else Should You Know About Bank of America Checking Account Promotions?Your Account Must Be Open To Receive a Welcome BonusBank of America requires that you keep your account open until the date your bonus is paid. Customers usually receive their cash within 60 days after meeting the qualification requirements. Your Bonus May Be TaxableYour bank account bonus may be considered taxable income. If required by law, Bank of America may withhold taxes or other amounts from your bonus payment. The bank says it may also issue you an IRS Form 1099 that reflects the value of your welcome bonus. You Must Be a New CustomerBank of America welcome bonuses are for new checking account customers. You qualify as a new personal checking customer if you have not owned or co-owned a Bank of America consumer checking account within the last 12 months. You can receive only one welcome bonus as a new personal checking customer. Find The Best Business Checking Accounts Of 2022Bottom LineIf you’re looking for a new bank account, Bank of America checking promotions are worth considering. You can earn a decent amount of cash as a welcome bonus, though be aware that competing banks may have more generous welcome offers. You can also explore Bank of America credit card promotions for a chance to earn introductory miles, points or cash-back bonuses. Frequently Asked Questions (FAQs)Who is eligible for the Bank of America bonus?Bank of America promotions are for new customers only. To qualify, you can’t have had a Bank of America personal or business checking account in your name in the last 12 months. How does the Bank of America bonuses compare to others?Bank of America checking account promotions are competitive, though it’s possible to find better offers elsewhere. But keep in mind that a bigger welcome bonus may have additional requirements to qualify. For example, you may need to make an initial deposit of several thousand dollars or meet minimum balance requirements every month to earn the bonus. How do you get a Bank of America promotion code?The best place to look for Bank of America promotion codes is BofA’s website. If you’re not able to find any promo codes listed there, try searching online. You can search for “Bank of America checking account promotions” to see what’s available. With some promotions, you may only receive a code if Bank of America sends it to you directly, through a targeted advertising campaign. What is a Bank of America Advantage relationship account?Interest Checking is now Advantage Relationship Banking. The key features are the same: Earn interest on your balance, enjoy no-fee services, and link an additional 3 checking and up to 4 savings accounts with no monthly maintenance fee.
What is a Bank of America Advantage SafeBalance banking account?Bank of America Advantage SafeBalance Banking is a “checkless” checking account, which means users cannot write personal paper checks. Account holders can send and receive money to others via Zelle®, which is integrated into BoA's Mobile Banking app.
What is a relationship checking account?You earn interest without the need to maintain high monthly balances. Relationship Checking lets you… Open an account with an initial minimum deposit of $2,500. Earn interest on all balances. Earn even higher interest when you maintain an average daily balance of at least $2,500 and when qualifications are met.
What is an advantage customer at Bank of America?About Advantage Relationship:
No fees on select services and additional accounts. Earns interest See rates. Option to set up Balance Connect® for overdraft protection. Paper checks available (no charge or discounted depending on check style)
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Bank of america advantage relationship banking account
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