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
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card is the old king of travel rewards cards. Right now
bonus_miles_full
Learn more about this card and its features!
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
That is true
Does the 60 days start the day you meet the $4000 deposit requirement, or at the end of that billing statement period?