Get Up to $750 with a Bank of America Business Checking
Bank of America has a targeted Business Checking account bonus of $750. This requires large deposits and is limited to customers who receive this offer via a direct communication from a Bank of America Small Business Specialist or from a Bank of America communication. Let’s take a look at the details.
UPDATE 9/25/20 – More people have been targeted. Check your emails for this subject line: Earn up to $750 when you open a business checking account. There is also an option for a $500 bonus with $20K deposit.
Open a new Business Advantage Checking or Business Fundamentals Checking account by January 31, 2021. and follow these 3 steps to earn a bonus up to $750:
- Make qualifying deposits within 15 days of opening an account
- $200 bonus with $5,000 ‐ $19,999 deposit
- $500 bonus with 20,000 ‐ $49,999 deposit
- $750 bonus with $50,000+ deposit
- Maintain an average balance of the qualifying deposit amount (or greater) for the next 60 calendar days during the Maintenance Period
- Make at least 5 qualifying electronic payments within the Maintenance Period
- Offer only available to customers who receive this offer via a direct communication from a Bank of America small business specialist or from a Bank of America communication.
- You are not eligible for the business checking account offer if you are or were an owner or signer on a Bank of America small business checking account that is open or that was closed within the last six (6) months.
- Offer is limited to one per business customer, regardless of the number of businesses owned or operated by the customer.
- Business Fundamentals Checking has a $18 monthly fee that can be waived with: $250 in net new purchases on a business debit or credit card OR minimum daily balance of $3,000
This is a good offer for those who are targeted directly by Bank of America. The best offer interest wise is the $200 bonus. You need to deposit $5K and complete five electronic payments to receive the bonus. That would be a 4% return in just 60 days. But even with the bigger bonuses you still get a very good rate compared to other accounts right now.
Also check out this list of nationwide bank bonuses that you can do from home. These are not targeted so most people should qualify if they haven’t received a bonus recently.