Bank of America Offer

Bonus Details

Earn a checking bonus with a new Advantage SafeBalance, Advantage Plus or Advantage Relationship account. Qualifying direct deposits within 90 days determine the bonus: $2,000–$4,999 earns $100; $5,000–$9,999 earns $300; $10,000 or more earns $500. Payment is expected within 60 days after the deposit period ends and requirements are met.

How To Qualify

Enroll through the offer page or a Bank of America or Merrill associate; open with $25 for SafeBalance or $100 for Plus or Relationship. Receive $10,000 in qualifying income direct deposits within 90 days for $500; ordinary account transfers do not qualify. You must not have owned or co-owned a Bank of America personal checking account in the past 12 months. Keep the account open and in good standing through payment.

APY Details

SafeBalance and Plus earn no interest. Relationship Banking earns 0.01% APY below $50,000 and 0.02% APY at $50,000 or more, as of October 1, 2026. Rates are variable and may vary by location. Fees may reduce earnings.

The Fine Print

Monthly Fees: $12
Credit Inquiry: Soft Pull
Account Type: Personal Bank Account
Expiration Date: 1/31/2027
Availability: Nationwide

Monthly Fee Details

Monthly fees: SafeBalance $4.95 (waived for owners under 25); Plus $12 (waived with a qualifying direct deposit of at least $250 or a minimum daily balance of $1,500); Relationship $25, with waiver options.

Early Account Closure Fee

No early account termination fee.

Official offer terms

Source wording for the promotion. View official source Recorded Invalid Date.

Offer is limited to individuals who have not owned or co-owned a Bank of America personal checking account within the last twelve (12) months. Fiduciary accounts (e.g., trusts), Bank of America Advantage SafeBalance Banking® for Family Banking accounts, and business accounts are not eligible for this offer. Offer cannot be combined with any other checking bonus offer and is limited to one bonus per account and per customer. Requirements to Receive a Checking Bonus: Enroll in this offer through a Bank of America or Merrill associate or online through this offer’s webpage. Open a new eligible personal checking account by January 31, 2027. Bank of America Advantage SafeBalance Banking®, Bank of America Advantage Plus Banking®, and Bank of America Advantage Relationship Banking® accounts are eligible for this offer. Set up and receive Qualifying Direct Deposits into that eligible personal checking account within ninety (90) days of account opening (“Deposit Period”). At the end of the 90-day Deposit Period, all Qualifying Direct Deposits will be totaled to determine the bonus amount you may earn (see Bonus Chart). “Bonus Chart” Total Qualifying Direct Deposits Bonus Amount less than $2,000 $0 $2,000 – $4,999 $100 $5,000 – $9,999 $300 $10,000 or more $500 After the Deposit Period ends, and once you satisfy all the requirements, we will attempt to deposit the earned bonus directly into your new eligible personal checking account within sixty (60) days. The new eligible personal checking account must be open and in good standing up to and including the date any earned bonus is paid. A “Qualifying Direct Deposit” is a direct deposit of regular monthly income (such as your salary, pension or Social Security benefits, which are made by your employer or other payer) using account and routing numbers that you provide to them. Examples of non-qualifying transfers and deposits include the following: teller deposits, wire transfers, debit card transfers, ATM transfers or deposits, Online and Mobile Banking transfers or deposits, or transfers from a bank or brokerage account or Merrill investment account. The minimum deposit required to open a Bank of America Advantage SafeBalance Banking® account is $25. The minimum deposit required to open a Bank of America Advantage Plus Banking® account is $100. The minimum deposit required to open a Bank of America Advantage Relationship Banking® account is $100, and the Annual Percentage Yield (APY) is as follows: less than $50,000, 0.01%; $50,000 and over, 0.02%. APYs are accurate as of 10/01/2026. Rates are variable, may change at any time without prior notice, before or after the account is opened and may vary by location. Fees may reduce earnings.