Bank of America, $300 Bonus For New Checking Accounts [Targeted]

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Bank of America, $300 Bonus

Bank of America is once again offering a $300 bonus to some of its customers. The bonus is for new Checking Accounts, and you need to be targeted in order to be eligible.

The Offer

To receive the $300 bonus, one must open a new Bank of America Core Checking OR Bank of America Interest Checking personal checking account by April 30, 2018 and receive Qualifying Direct Deposits equaling a total of $4000 or more in your new personal checking account within 90 days from account opening.

The $300 bonus will be deposited within 60 days of meeting the requirements. There’s a limit of one per customer and as usual you’ll receive a 1099, so you’ll have to pay taxes on it.

Key Terms

  • Targeted offer.
  • Expires April 30, 2018
  • You are not eligible for this offer if you were a signer on or owner of a Bank of America personal checking account within the last six (6) months.

Fees

The Core Checking account is probably the best option with a $12 monthly fee, which can be waived with any of the following options:

  • Make at least one qualifying Direct Deposit of $250 or more, OR
  • Maintain a minimum daily balance of $1,500 or more, OR
  • Be a student under age 23 and enrolled in high school, college, or vocational program, OR
  • Enroll in the Preferred Rewards program and qualify for the Gold, Platinum, or Platinum Honors tier (first 4 checking accounts only).

Conclusion

We have seen this offer in the past from Bank of America and it is a very good one. To check if you’re targeted, just log into your account online and in the Activity Center, click on Special Offers & Deals. You should see the offer there. If you do, then it is definitely worth it, as $300 checking bonuses are not that common.

HT: Doctor of Credit


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