Bank of America Promotions
Read our in-depth review of Bank of America to see why Bank of America scored 3.6 stars out of 5. We like their large branch network, extended service hours, and full service banking.
Bank of America Advantage Banking - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 5/31/2024.
- To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
Bank of America Business Advantage Checking Account - $200 Bonus Offer
- Open a new eligible business checking account by June 30, 2024
- Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
- Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC
Bank of America Advantage SafeBalance Banking®
- Banking that helps you stay within your balance.
- No monthly maintenance fee each statement cycle when you meet one of the following: an owner of this account is under the age of 25 or maintain a minimum daily. balance of $500 in your account or are a member of Bank of America Preferred Rewards®.
- Bank of America, N.A. Member FDIC.
- Minimum Deposit to Open: $25
- Monthly Fee: $4.95 Monthly Maintenance Fee or $0 - No monthly maintenance fee each statement cycle when you meet one of the following:
- an owner of this account is under the age of 25 or
- maintain a minimum daily balance of $500 in your account or
- are a member of Bank of America Preferred Rewards®
Bank of America Advantage Plus Banking®
- Flexible banking to meet your needs.
- Pay with a debit card, Mobile and Online banking or paper checks (if purchased).
- Bank of America, N.A. Member FDIC.
- Minimum Deposit Required: $100
- Monthly Fee: $12 Monthly Maintenance Fee or $0 – No monthly maintenance fee each statement cycle when you meet one of the following:
- have at least one qualifying direct deposit of $250 or more or
- maintain a minimum daily balance of $1,500 in your account or
- are a member of Bank of America Preferred Rewards®
Bank of America Advantage Relationship Banking®
- Benefits for higher balances, like fee waivers and interest.
- Earn interest on your balance.
- Option to enroll in Balance Connect® for overdraft protection.
- Overdraft fee without Balance Connect® : $10 each item, up to 2 items per day.
- Bank of America, N.A. Member FDIC.
- Monthly Fee: $25 Monthly Maintenance Fee or $0 - No monthly maintenance fee each statement cycle when you meet one of the following: maintain a minimum daily balance of $20,000 in your account or are a member of Bank of America Preferred Rewards®
Business Advantage Fundamentals™ Banking
- No fee for first 200 transactions per statement cycle
- No fee for first $7,500 in cash deposited per statement cycle
- Waive the $16 monthly fee in a variety of ways
- Minimum Deposit to Open: $100
- Monthly Fee: $16 (can be waived by maintaining a $5,000 combined average monthly balance or using your Bank of America business debit card to make at least $250 in new net qualified purchases each statement cycle)
Bank of America Advantage Savings - Preferred Rewards
Account Balance | Gold APY | Platinum APY | Platinum Honors APY | Diamond and Diamond Honors APY |
---|---|---|---|---|
Less than $2,500 | 0.02% | 0.03% | 0.04% | 0.04% |
$2,500 and over | 0.02% | 0.03% | 0.04% | 0.04% |
Featured CD
Term | APY |
---|---|
7 Month | 4.75% |
10 Month | 0.05% |
13 Month | 4.30% |
25 Month | 3.20% |
37 Month | 0.05% |
Rates are for Pasadena, California, and may vary per location. Rates are for opening deposits of less than $10,000. Annual Percentage Yield (APY) is accurate as of March 8, 2024.
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 225 participating museums. Simply show your Bank of America or Merrill Lynch credit or debit card and an ID, and get one free general admission.
Yesterday | Bank of America Advantage Banking - $200 Bonus Offer selected by a visitor from North Carolina |
Yesterday | Bank of America Business Advantage Checking Account - $200 Bonus Offer selected by a visitor from California |
1 days ago | Featured CD selected by a visitor from New York |
5 days ago | Bank of America Advantage SafeBalance Banking® selected by a visitor from Pennsylvania |
9 days ago | Business Advantage Fundamentals™ Banking selected by a visitor |
Compare Promotions
High-Yield Savings Premier - 5.36% APY
- No account activity or maintenance fees
- $500 minimum opening deposit
- FDIC insured
- Minimum Deposit to Open: $500
- Monthly Fee: $0
Online Savings Account - Earn 4.25% APY
- No fees
- No minimum opening deposit
- No minimum balance required
- Minimum Deposit to Open: $0
- Monthly Fee: $0
Online Checking Account - Earn Cash Back
- 1% cash back on up to $3,000 in debit card purchases each month. See website for details
- No fees
- Early Pay - Get your paycheck up to two days early with no charge
- No credit impact - You can apply without affecting your credit score.
- Access to over 60,000 no-fee ATMs in the U.S.
- Minimum Deposit to Open: $0
- Minimum Deposit Required: $0
- Monthly Fee: $0
BMO Smart Money Checking - $250 Cash Bonus
Open a new BMO Smart Money Checking account and get a $250 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
- Direct Deposit Required: Yes
- When Do You Get It: Cash bonus is paid into the checking account approximately 130 days after account opening.
BMO Relationship Checking - $400 Cash Bonus
Open a new BMO Relationship Checking account and get a $400 cash bonus when you have a cumulative total of $7,500 in qualifying direct deposits within 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
- Direct Deposit Required: Yes
- When Do You Get It: Cash bonus is paid into the checking account approximately 130 days after account opening.
Bank of America Offers History
13 days ago | CreditDonkey updated Bank of America Business Advantage Checking Account - $200 Bonus Offer |
18 days ago | CreditDonkey updated Bank of America Advantage Banking - $200 Bonus Offer |
18 days ago | Deals Editor from CreditDonkey updated Featured CD |
28 days ago | CreditDonkey updated Bank of America Advantage Savings - Preferred Rewards |
2/10/2024 | CreditDonkey updated Bank of America Advantage SafeBalance Banking® |
Current Bank of America Promotions
- Bank of America Advantage Banking:
$200 Bonus Offer - Bank of America Business Advantage Checking Account:
$200 Bonus Offer
How to Get Bank of America Bonuses
Bank of America offers new customers a bonus for opening a new eligible account with qualifying activities. The bonuses are usually for online only applicants.
Here's how you can get a bonus:
- Open a new account through the promotional link in the offer.
- Complete the offer requirements. This usually includes making a certain amount of qualifying deposits into the new account, and/or maintaining a specified balance for a certain time.
- Bank of America will typically pay your bonus within 60 days (from the end of the qualifying period).
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 5/31/2024.
- To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
What to Know About Bank of America Bonus Offers
- Offers are for new personal or business checking customers only. You can be eligible for a business checking account bonus if you're an existing personal checking customer (and vice versa).
- You are eligible for a personal checking bonus if you have not owned or co-owned a Bank of America personal checking account within the last twelve (12) months.
- You are eligible for a business checking if you were not an owner or signer on a Bank of America Business Advantage checking account within the last twelve (12) months.
- Bonuses are limited to one bonus per account and per customer.
- Your new account must be open and in good standing up to and including the date any earned bonus is paid.
- Cash bonuses are considered taxable income.
Bank of America's bonus can be worth it if you can easily fulfill the terms and the account aligns with your needs. Note that Bank of America checking accounts have requirements to waive the monthly fees, so make sure it won't be a hassle to maintain.
Bank of America Pros & Cons
Pros:
- Frequent bonuses for new customers
- Available in 37 states
- Low requirements to waive monthly fees for basic accounts
- Flexibility to switch between checking tiers
- Highly-rated mobile app
- Free spending and budgeting tools
- Wide range of banking services
Cons:
- Low APYs for savings accounts
- No free checking option
- Many other banking fees
Bank of America Personal Checking Accounts
- Advantage SafeBalance: This particular account has no overdraft fees - you can only spend what you have. There are no paper checks. The $4.95 monthly maintenance fee can be waived if you are under 25, maintain a minimum daily balance of $500, or if you are a member of Bank of America Preferred Rewards®. The minimum opening deposit is $25.
- Advantage Plus Banking: The $12 monthly maintenance fee can be waived if you: maintain a minimum daily balance of $1,500, OR have one qualifying direct deposit of at least $250 each statement cycle, OR if you are a member of Bank of America Preferred Rewards®. This account allows you to enroll in optional overdraft protection. The minimum opening deposit is $100.
- Advantage Relationship Banking: The $25 monthly service fee can be waived if you maintain a minimum daily balance of $20,000 in your account or if you are a member of Bank of America Preferred Rewards®. The minimum opening deposit is $100.
All 3 accounts come with 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 Advantage Fundamentals™ Banking: This is the basic business account ideal for small businesses just starting out. There is a $16 monthly maintenance fee, but you can get it waived if you do ONE of the following: spend at least $250 in new net qualified debit card purchases, OR maintain a combined average monthly balance of $5,000, OR become a Preferred Rewards Business member.
- Business Advantage Relationship Banking: 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: maintain a combined average monthly balance of $15,000, OR become a Preferred Rewards Business member.
You also get a second Business Advantage checking account for no maintenance fee. And you'll pay no fees for domestic and international incoming wire transfers.
- Bank of America Business Advantage Checking Account - $200 Bonus Offer
Earn a cash bonus in three steps:- Open a new eligible business checking account by June 30, 2024
- Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
- Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC
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 3-month average combined balance of $20,000. You get a 5% interest rate booster on a Bank of America Advantage Savings account, and a 25% bonus on eligible credit cards rewards.
- Platinum level: Need a 3-month average combined balance of $50,000. You get a 10% interest rate booster on a Bank of America Advantage Savings account, a 50% bonus on eligible credit cards rewards, 1 free ATM transaction per month from non-BofA ATMs in the U.S.
- Platinum Honors level: Need a 3-month average combined balance of $100,000. You get a 20% interest rate booster on a Bank of America Advantage Savings account, a 75% bonus on eligible credit cards rewards, unlimited free ATM transactions from non-BofA ATMs in the U.S.
- Diamond Tier: Need a 3-month average combined balance of $1 million (up to $10 million). This tier offers access to unique lifestyle experiences and premium offers.
Each tier also gives you discounts on mortgage fees, auto loan interest rate, and home equity line of credit interest rate. The higher your tier, the larger your discount.
- 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 credited to the account of your choice.
What Banks Give You Money for Switching
Here are the best $200 checking account bonuses for March 2023:
- Bank of America Advantage Banking:
$200 Bonus Offer - TD Complete Checking:
$200 Cash Bonus - Upgrade:
OneCard with Rewards Checking - $200 Bonus - KeyBank:
Key Select Checking® - $200 Bonus
BMO Smart Advantage Checking - $250 Cash Bonus
Open a new BMO Smart Advantage Checking account and get a $250 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
TD Beyond Checking - $300 Cash Bonus
- New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
- Three ways to go monthly maintenance fee-free: Monthly Maintenance fee waived when you set up direct deposits of $5,000 or more within a statement cycle, maintain a $2,500 minimum daily balance, or have a $25,000 combined balance across eligible TD accounts.
- ATM perks: TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
- A little extra time. A lot of extra relief: Avoid fees with Grace Period, which gives you until 11 PM ET the next business day to fix an overdraft. Make sure your available balance is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions and TD will refund the overdraft fee to your checking account.
- Fast and secure payments: TD Bank debit cards are backed by the Zero Liability guarantee and 24/7 fraud monitoring
- Convenient locations with the longest hours around: We have over 1,100 locations from Maine to Florida that's open early, late, and weekends.
- Get reimbursed for fees including two overdraft fees per year, all Rush Bill Payments, and one outgoing wire per statement cycle (domestic or international).
- Additional TD Bank checking account perks worth talking about: Get 24/7 access to all your TD accounts with Online & Mobile Banking, plus Bill Pay, Send Money with Zelle®, Mobile Deposit and Online Statements.
Discover® Cashback Checking – Up to $30/Month Cashback
Earn 1% cash back on up to $3,000 in debit card purchases each month, for a total of up to $30 cashback per month. Discover Cashback Debit checking account has no minimum balance requirement, no fees, and free online bill pay. See website for details.
Rewards Checking - Up to 3.30% APY
- Use promo code AXOS300 and apply by June 30th, to earn up to a $300 bonus!
- Up to 3.30% APY
- Zero monthly maintenance fees
- Zero overdraft or NSF fees
- Zero minimum monthly balance reqs
- Unlimited domestic ATM fee reimbursements
- Online debit card management
- Simple, 3-step process for direct deposit
- Only $50 to open an account
U.S. Bank Smartly® Checking - Up to $400 Bonus
Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $200 or $5,000 or more to earn $400
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
- Mon-Fri: 8am - 9pm (ET)
- Sat: 8am - 8pm (ET)
- Sun: 8am - 5pm (ET)
Highlights
Approximately 16,000+ ATMs
3,922 financial centers
- Pricing information from published website as of 03/15/2024 based on 91107 zip code.
- For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.
More Information
Learn More | Visit Site | |
Bank of America | Chase | |
---|---|---|
Benefits and Features | ||
Savings |
| |
CD | Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee. | |
Checking |
| |
Mobile App | ||
ATMs | ||
Customer Service |
| Automated service available 24 hours a day, 7 days a week |
IRA CD | ||
Locations | ||
Learn More | Visit Site | |
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 03/15/2024 based on 91107 zip code. Chase: Pricing information and data points from published website as of 03/14/2024. |
More Deals to Save Money at Bank of America
Bank of America Advantage Savings
Account Balance | Standard APY |
---|---|
Less than $2,500 | 0.01% |
$2,500 and over | 0.01% |
Fixed CD
Term | APY |
---|---|
28 - 89 Days | 0.03% |
90 - 179 Days | 4.00% |
6 - 120 Months | 0.03% |
Rates are for Pasadena, California, and may vary per location.
Fixed Term IRA CD
- Available terms are 6 - 120 months
- 0.03% APY
- $1,000 minimum opening deposit
- Terms and rate is for Pasadena, California, and may vary per location
Bank of America Alternatives
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
- Track your credit score, get a personalized action plan provided by Experian™ to help improve your score and receive identity monitoring for free through Chase Credit Journey®.
- Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
- JPMorgan Chase Bank, N.A. Member FDIC.
- Pay bills, cash checks and send or receive money with Zelle® with a Chase Secure Banking℠ account.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
- Minimum Deposit to Open: $0
- Direct Deposit Required: No
- Minimum Deposit Required: None
- When Do You Get It: Within 15 days after completing qualifying activities
- Monthly Fee: $4.95
Silver Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q1AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through April 23, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
- Minimum Deposit to Open: $100
- Monthly Fee: $0 monthly maintenance fee
BMO Relationship Checking
- Up to $25 rebated per statement period on ATM surcharge fees charged by other banks
- $25 monthly fee may be waived if you meet any of the following requirements: minimum daily ledger balance of $10,000 or more for the previous calendar month, monthly combined balance of $25,000 for the previous calendar month, if you have a BMO Investment Services (BIS) account, or if you are a Best of BMO US client.
- Minimum Deposit to Open: $25
- Monthly Fee: $25 (waived if you meet any of the following requirements: minimum daily ledger balance of $10,000 or more for the previous calendar month, monthly combined balance of $25,000 for the previous calendar month, if you have a BMO Investment Services (BIS) account, or if you are a Best of BMO US client.)
Certificate of Deposit
- 4.70% APY for 12-month term
- 4.40% APY for 18-month term
- 3.75% APY for 36-month term
- 3.75% APY for 5-year term
- Minimum Deposit to Open: $2,500
CIT Bank Platinum Savings - 5.05% APY
- 5.05% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
- Minimum Deposit to Open: $100
- Direct Deposit Required: No
- Monthly Fee: $0