Bank of America Promotions

Bank of America is currently offering five promotions. Read our in-depth review of Bank of America to see why Bank of America scored 3.2 stars out of 5. We like their national availability, extended customer service hours, and full service bank.

    $100

    Advantage Plus Banking Checking Account - $100 Bonus

    Open a new Bank of America Advantage Plus Banking checking account by February 28, 2019. Account must be opened online using the link on the offer page. Minimum opening deposit is $100. Set up and receive at least 2 qualifying deposits of $250 or more each to your new checking account within 90 days of account opening. The $100 cash bonus will be deposited into your account within 60 days of completing all requirements.

    Expires 2/28/2019
    $100

    Advantage Relationship Banking Checking Account - $100 Bonus

    Open a new Bank of America Advantage Relationship Banking checking account by February 28, 2019. Account must be opened online using the link on the offer page. Minimum opening deposit is $100. Set up and receive at least 2 qualifying direct deposits of $250 or more each to your new checking account within 90 days of account opening. The $100 cash bonus will be deposited into your account within 60 days of completing all requirements.

    Expires 2/28/2019
    $100

    Advantage SafeBalance Banking Checking Account - $100 Bonus

    Open a new Bank of America Advantage SafeBalance Banking checking account by February 28, 2019. Account must be opened online using link on the offer page. Minimum opening deposit is $25. Set up and receive at least 2 qualifying direct deposits of $250 or more each to your new checking account within 90 days of account opening. The $100 cash bonus will be deposited into your new account within 60 days of completing all requirements.

    Expires 2/28/2019
    $100

    Checking Account - $100 Online Offer

    Get $100 when you open a new, eligible checking account with 2 qualifying direct deposits of $250 or more within 90 days. New customers only. Core checking has a $12 monthly maintenance fee (waived each statement cycle you have at least one qualifying direct deposit of $250 or more or maintain a minimum daily balance of $1,500 or more). Interest checking has a $25 monthly maintenance fee (waived each statement cycle you have at least a combined balance of $10,000 or more)

    Expires 12/31/2018

    Free Merrill Edge Trades

    Get 30 free stock and ETF trades a month at Merrill Edge, if you have reached Platinum status by maintaining $50,000 combined balance in your Bank of America® banking and/or Merrill Edge® and Merrill Lynch® investment accounts.


Bank of America Personal Checking Accounts

Bank of America offers two different personal checking accounts. To determine which one is better for you, consider the minimum balance, deposit requirements, and maintenance fees of each.

  • Core Checking®: This is Bank of America’s basic checking account. The minimum deposit to open is just $25. There is a $12 monthly maintenance fee UNLESS you are able to meet the following requirements: make at least one qualifying deposit of $250 a month OR maintain a minimum daily balance of at least $1,500.

    If you’re a student under the age of 24 enrolled in high school, college, or vocational school, you are eligible to get the monthly maintenance fee waived.

  • Interest Checking®: This is Bank of America’s interest bearing account. This account requires higher balances. The minimum deposit to open is $100, and the monthly maintenance fee is $25. However, you can get this waived if you maintain a combined balance of $10,000 across all your Bank of America accounts and/or Merrill Edge® and Merrill Lynch® investment accounts.

    Other benefits of this account includes being able to open up to 3 additional Interest Checking® and 4 savings accounts for no monthly fee.

Both accounts come with free mobile banking, mobile check deposit, and alert. They also come with a debit lock/unlock feature. If you’ve misplaced your debit card and need time to find it, you can just lock it on the mobile app. And then unlock it after you’ve found your card.

Bank of America Business Checking Accounts

Bank of America also offers 2 different business accounts:

  • Business Fundamentals®: This is the basic business account ideal for small businesses just starting out. The monthly maintenance fee is $18/mo, but you can get it waived if you do ONE of the following: spend at least $250 in purchases on your business debit or credit card, maintain an average monthly balance of $5,000, maintain a daily balance of $3000, OR maintain a combined balance of $15,000 across all your linked BofA accounts.

  • Business Advantage: This account is better for more established small businesses able to maintain a higher balance. The monthly maintenance fee is $29.95/mo, but you can get it waived if you do ONE of the following: spend at least $2,500 in purchases on your business credit card, maintain a monthly balance of $15,000, maintain a combined balance of $35,000 aacross all your linked BofA accounts, OR actively use BofA Merchant Services and Payroll Services.

    You also get a second Business Advantage checking account for no maintenance fee. And you get free domestic and international incoming wire transfers.

Get the Most Out of Your Bank of America Checking Accounts

  • Get more benefits with Bank of America Preferred Rewards: This program rewards you more as you maintain a higher balance in your combined BofA checking account and/or Merrill Edge® and Merrill Lynch® investment accounts. Here are the different tiers and benefits you get:

    • Gold level: Need a combined balance of $20,000. You get a 5% interest rate booster on a Rewards Money Market Savings account, and a 25% bonus on eligible credit cards rewards.

    • Platinum level: Need a combined balance of $50,000. You get a 10% interest rate booster on a Rewards Money Market Savings account, a 50% bonus on eligible credit cards rewards, 1 free ATM transaction per month from non-BofA ATMs, and 30 free stock and ETF trades per month with a Merrill Edge investment account.

    • Platinum Honors level: Need a combined balance of $100,000. You get a 20% interest rate booster on a Rewards Money Market Savings account, a 75% bonus on eligible credit cards rewards, unlimited free ATM transactions from non-BofA ATMs, and 100 free stock and ETF trades per month with a Merrill Edge investment account.

  • Look for cash back deals: Bank of America has BankAmeriDeals that can earn you extra cash back at stores, restaurants, and hotels. All you have to do is sign in to your mobile or online banking, search through the deals, and activate the ones you like. Then when you make a purchase there, use your eligible BofA credit or debit card. You’ll automatically get the cash back activated at the end of the next month.

Disclaimer: Opinions expressed here are author's alone. Please support CreditDonkey on our mission to help you make savvy decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

Disclaimer: This content was first published on February 2, 2018. Information including rates, fees, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check the bank's website for updated information.

    Highlights

    Savings
    0.03% APY (up to 0.06% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100.
    CD
    0.03% - 1.00% APY. Terms of 28 days to 10 years. Minimum deposit of $1000.
    Customer Service
    Mon-Fri 8am - 11pm(ET)
    Sat-Sun 8am - 8pm (ET)
    ATMs
    Approximately 15,900 ATMs around the country.
    IRA CD
    0.03% - 1.00% APY. Terms of 6 months to 10 years. Minimum deposit of $1000.
    Locations
    4600 retail financial centres around the country and brances in more than 40 other countries.

Pricing information from published website as of 9/16/2018

 Bank of AmericaWells Fargo
 Learn MoreLearn More
 

Bank of America

Wells Fargo

 

Benefits and Features

Savings0.03% APY (up to 0.06% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100.0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, or are under the age of 18.
CD0.03% - 1.00% APY. Terms of 28 days to 10 years. Minimum deposit of $1000.0.05% - 2.00% APY. Terms ranging from 3 months - 58 months. Minimum opening deposit of $2500 or $5000, depending on account.
Money Market Also known as the Platinum Savings Account. 0.01% - 0.1% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3500. Bonus APY requires account link to Portfolio by Wells Fargo® relationship.
Customer ServiceMon-Fri 8am - 11pm(ET)
Sat-Sun 8am - 8pm (ET)
Available 24 hours a day, 7 days a week.
ATMsApproximately 15,900 ATMs around the country.More than 13,000 ATMs across the country.
IRA CD0.03% - 1.00% APY. Terms of 6 months to 10 years. Minimum deposit of $1000.0.05% - 2.05% APY. Terms ranging from 3 months - 144 months. Minimum opening deposit of $1000 0r $2500, depending on account. For bonus APY, you must maintain a linked Wells Fargo Prime Checking account or Wells Fargo Portfolio Checking account.
IRA Money Market 0.03% - 0.05% APY. $100 minimum opening deposit.
Locations4600 retail financial centres around the country and brances in more than 40 other countries.More than 5,800 branches across the country.

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Bank of America: Pricing information from published website as of 9/16/2018

Wells Fargo: Pricing information from published website as of 10/31/2018

    Free Museum Entry

    Offer valid for all current Bank of America customers. Enjoy free museum admission on the first full weekend of every month, from more than 150 participating museums. Simply show your Bank of America or Merrill Lynch credit or debit card and an ID, and get one free general admission.

    Free McAfee for 12 Months

    Offer valid for all current Bank of America customers. As a thank you, Bank of America is giving away a full year of free McAfee Internet Security software.


Bank of America Alternatives

    CIT Bank

    Open a Savings Builder High Yield Savings Account and Get a 2.15% APY. Terms Apply

    HSBC Bank

    HSBC Direct Savings - 2.01% APY

    • Earn 2.01% APY on all balance tiers
    • No monthly maintenance fee
    • Minimum balance to earn APY is $1
    • Member FDIC

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