Bank of America $1,500 Business Checking Bonus
Bank of America is offering a big bonus for new business checking accounts. This offer is available in branch only via small business bankers, or over the phone. You can earn a bonus of $1,000 or $1,500, depending on your total deposits. Check out the details below.
How to Earn This Bonus
There are two bonuses available for opening Business Advantage Relationship Banking or Business Advantage Fundamentals Banking accounts.
- Earn $1,000 bonus when you open a new business checking account and complete the following requirements:
- Qualifying Deposits of $20,000 or more in new money within 30 days of account opening
- Maintain an average balance of $20,000 or more day 31 through day 90.
- Earn $1,500 bonus when you open a new business checking account and complete the following requirements:
- Qualifying Deposits of $50,000 or more in new money within 30 days of account opening
- Maintain an average balance of $50,000 or more day 31 through day 90.
Are You Eligible?
Here are the eligibility details for this bonus:
- Offer available via small business bankers in-branch, or by phone.
- This offer is intended for new customers only; you are not eligible for this offer if you were an owner or signer on a Bank of America Business Advantage Banking account within the last twelve (12) months.
- Only one bonus per business customer, regardless of the number of businesses owned or operated by the customer.
Account Fees
Business Advantage Fundamentals Banking has a monthly fee of at $16 which is waived with one of the following options:
- $5,000 combined average balance, or
- $250 in new net purchases on your business debit card, or
- If you are a Preferred Rewards for Business member
There’s no early-account-closing fee.
Guru’s Wrap-Up
This bonus is available in-branch only through a small business banker. You could possibly call as well and see if you can complete the application process over the phone.
The $1,000 bonus is actually a better return for your money. You need to deposit $20,000 and keep that money in the account for about 60 days. But even the $1,5000 still gives you a great return. It’s best to make your deposit as close to day 30 as possible, but it has to hit the account within 30 days so you are eligible for the bonus.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
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Link & Full Details
- OFFER PAGE
- Max Bonus: $1500
- Account Type: Business Advantage Fundamentals Banking
- Availability: Nationwide
- Type of Inquiry: Soft pull
- Direct Deposit Requirement: No
- Other Requirements: $20/$50K balance for 60+ days
- Credit Card Funding: No
- Early Account Closing Fee: No
- Expiration Date: 05/31/24
HT: Rapid Travel Chai
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