Posted by William Charles on January 10, 2018
Bank Account Bonuses

Published on January 10th, 2018 | by William Charles

100

Bank of America $100 Checking Bonus – Public & Nationwide

Update: 01/10/18: Offer is back and valid until February 28th, 2018. Had been expired since end of December 2017. Also looks like you’ll be eligible for a second bonus as long as your old account has been closed for six months. Hat tip to reader LAG.

There is a targeted $300 offer, please check to see if you’re targeted for that before thinking about this one!

Offer at a glance

The Offer

Direct link to offer

  • Bank of America is offering a $100 bonus when you open a new eligible checking account and complete the following requirements:
    • Receive two qualifying direct deposits of at least $250 each within 90 days

The Fine Print

  • This offer is intended for new checking customers only; 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. Offer expires on December 31, 2017 February 28th, 2018; however, Bank of America may change or discontinue this offer at any time before this date without notice.
  • A “Qualifying Direct Deposit” is a recurring direct deposit of a paycheck, pension, Social Security or other eligible regular monthly income, electronically deposited by an employer or an outside agency into your new checking account. A transfer done via ATM, online, or teller, or a transfer from a bank or brokerage account, Merrill Edge® or Merrill Lynch® account is not a Qualifying Direct Deposit
  • If you meet all of the requirements, we will attempt to deposit the earned bonus directly into your new personal checking account within sixty (60) days; if unable to do so, a check will be issued. The new personal checking account must be open up to and including the date any earned bonus is paid in order to receive the bonus.
  • Your account does not qualify for the bonus until you provide all of the information we require in connection with opening the account by the promotion end date. This includes information we require to identify each account owner and to report the bonus to the Internal Revenue Service (IRS), including a validly completed IRS Form W-9 or Form W-8 (as applicable).
  • The value of this bonus may constitute taxable income to you. Bank of America may issue an IRS Form 1099 (or other appropriate form) to you that reflects the value of such bonus. To the extent required by law, Bank of America may withhold tax or other amounts from the payment. Please consult your tax advisor, as neither Bank of America, its affiliates, nor their employees provide tax advice.

Avoiding Fees

Early Account Termination Fee – None

This account has no early account termination fee.

Core Checking

The Core Checking account has a $12 monthly fee, which can be waived in any of the following ways:

  • 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).

Interest Checking

The Interest Checking account has a $25 monthly fee, which can be waived in either of the following ways:

  • Maintain combined balances of $10,000 or more each statement cycle, OR
  • Enroll in the Preferred Rewards program and qualify for the Gold, Platinum or Platinum Honors tier (first 4 checking accounts only).
  • “Combined balances” include:
    • Average daily balances for the statement cycle in eligible linked checking, savings and money market savings accounts, AND
    • The current balances, as of the end of the Interest Checking statement cycle in linked personal CDs and IRAs, AND
    • The current balance, as of two business days before the end of the Interest Checking statement cycle, in your eligible linked Merrill Edge and Merrill Lynch investment accounts.

Our Verdict

As mentioned before there is a targeted $300 checking bonus from Bank of America, they both have the same expiry date of December 31st, 2017. If I wasn’t targeted for that deal I’d do this one as it looks pretty easy to meet the requirements and it’s nationwide (you can also repeat it if you haven’t had an account within the last 6 months). Because of that I will be adding this to our best checking sign up promotion page. There is also a $200 business checking bonus or $300 + $200 in branch business checking bonus.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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100 Comments on "Bank of America $100 Checking Bonus – Public & Nationwide"

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Brian
Brian

I know it says it in the fine print but anyone have luck on triggering a DD without actually doing one for BOA?

David
David

Be careful when you use that list. Some will only count as direct deposit to waive the fee but not to trigger the bonus. (i.e. ACH)

joE
joE

When is the last time they had a public offer greater than $100, if ever?

Andrew
Andrew

Is there any way to see if you are targetted if you have never done anything with BoA or do you absolutely need an account already?

Josh m
Josh m

DP: I signed up for this bonus back in December or January, ACH from Discover worked to avoid the account maintenance fee but my bonus never posted.

Mark
Mark

Thanks for let us know.

TG
TG

I really want a checking account for Preferred Rewards but there seems to be mixed DPs about whether or not they actually pull Chex. I’m sure they’ll deny me if they pulled it with how many inquiries I have recently

Max
Max

BoA is not Chex sensitive. You’ll be fine.

Bob Newbie
Bob Newbie

Not sure if I want to bother trying with so little ACH transfers triggering the bonus.
Not worth annoying my HR people again to change my direct deposit.

Sign-up, transfer money from 10 different bank accounts, hope for the best? lol.

Max
Max

If I close an account on 6/30 and open one on 12/31 am I eligible?

DD
DD

Not very tempting. Plus, I’m still in recovery from the otherwordliness of Wells Fargo and HSBC. Ugh!

James
James

I think BOA might be sensitive to having a lot of open accounts. I tried to do the business checking bonus two months ago and had my account closed two days later after opening due to information from “early warning systems”.

Matt
Matt

I had a similar experience applying for this one. I have added 3 new accounts over the last month, applied for this one, got the debit card and account number, nothing worked, phone reps didn’t have any info to verify me. Went into the branch today and they told me risk management pre-emptively closed the account. Need to go pull my ChexSystems report, but I shouldn’t have any negatives.

Josh
Josh

We’re there any negatives on your Chex system report?

Sal
Sal

Made 2 $250 ACH from HSBC didn’t trigger the bonus

Sam
Sam

Does 360 transfer count?

Greg
Greg

No DPs on it in the DD methods page. I’d do a backup fund as well

Dan
Dan

Been getting $150 targeted mailers, one expires soon. Recently got the Merrill+. Any reason to think the $150 mailers will turn into $300 if I wait; or that the Merrill+ will kill chances of future targeted offers?

Madison
Madison

Is it best to open online opposed to opening in branch? When you state can be funded with a debit card do you do that at the same time when you open the account?

Saf
Saf

Applied and got rejected. Looks like I’m still banned from BoA..meanwhile Chase and Citi keep calling/emailing me to move my funds back to them for Gold/CPC service.

Still good DP for me. Won’t bother applying for Merrill+ card since that would probably be denied as well…

Eric
Eric

Why did they ban you?

johnston
johnston

Opened checking account, linked two other bank accounts to push, pushed one $250 from Schwab Brokerage, account closed by corporate. Waiting on the letter.

Really wanted to establish a relationship here too for CC’s.

johnston
johnston

Also, I have 20ish checking accounts opened in the past 2.5 months. I see reports they pull Chex and EWS. Not sure if that did me in.

Shivansh Chandnani
Shivansh Chandnani

When I try to open the account, it says the offer code is invalid or expired. Weird considering that BoA itself puts in the promcode.

Lisa
Lisa

Is the $100 bonus offer targeted? do I need a code? I called BofA and they say if this offer does not show up on the BofA webpage, they cannot gurantee this is a real offer. Anyone tried and worked?

Josh
Josh

Got the $150 targeted offer. Will BoA match to the $300 if I call and ask?

Pizza
Pizza

I’m not seeing anything in the fine print about this, after the bonus posts is it ok to close the account?

Greg
Greg

Would like to now about this as well.

AZ
AZ

BOA Checking account opened 06/27/2017
2 ACH of $250 each from Schwab Brokerage posted on 07/03/2017
2 ACH of $250 each from Serve posted on 07/05/2017
Bonus posted on 07/19/2017

Note: Serve counted as DD for SO account back in April.

patientofcredit
patientofcredit

Thanks for sharing! Were these serve money transfers via Ria with a fee, or deposits via a linked bank? Thanks!

Brad
Brad

Opened 6/26/2017
2 push ACH of $250 from Baxter Credit Union
-One posted 7/5/2017
-Second posted 7/7/2017
Bonus posted on 7/19/2017

Greg
Greg

Opened 6/29/17
1st AmEx Serve push of $251 7/12/17
2nd AmEx Serve push of $251 7/14/17
Bonus posted 7/28/17

Thanks DoC! Just have to close the acc now.

PR
PR

Opened 6-30-17
Sent $260 from Amex Bluebird on 7-12
Sent $260 from Amex Bluebird on 7-17
Waited two weeks (seems to be the average)… NO BONUS

8-1 Sent $250 from Cigna HSA (legit medical reimbursement)
8-3 Sent $250 from Cigna HSA
Bonus posted on 8-10-17

Hope this helps, I’m finding Bluebird fails more times than it works lately.
Thanks!

RJ
RJ

Opened 6-26-17
sent DD’s from California EDD account on 7-5 and 7-12
Bonus is processing today, 8-10-17

Josh
Josh

Opened – 7/3/2017
DD #1 – 7/14/2017
DD #2 – 7/28/2017
Bonus of $100 posted – 8/10/2017

TG
TG

Trying a lot of ACHs and nothing worked so far.

The ones I’ve tried so far and are not working to trigger the bonus are:
Alliant
Barclays
Santander
Schwab Brokerage

Troy
Troy

I did a push from Etrade and it codes as follows:

E*TRADE BANK DES:TRANSFER

Still waiting to see if this will trigger the DD requirement. Will check back to say if it works or not.

Rick H
Rick H

Did E*Trade Bank trigger the DD requirement for you? It’s unclear if you need to transfer from E*Trade Bank or E*Trade Financial (brokerage account) to trigger the DD requirement.

Justintime
Justintime

How long does it take for the bonus to post here? GS bank is a confirmed no.

NinjaZ
NinjaZ

got my $100 quite fast. If I were to close the acct, there is no penalty, right.?(like clawing back bonus)

Justintime
Justintime

Fidelity doesn’t seem to work either. Trying my local CU and going from there… pretty hard to trigger this one. Going to try bluebird but there are mixed datapoints here.

ABA
ABA

I used payroll direct deposit so can’t comment on alternatives, but in terms of timeline, I was targeted for the $300 bonus (had 2 open credit cards w/ BoA), made my DD’s on 7/21, 8/4, and 8/18, and received the bonus 8/29.

Pizza
Pizza

Account opened 7/15, then two $250 pushes from Serve on 8/16 and 8/18, $100 bonus posted on 8/29.

SC
SC

Employer ACH on 07/31 and 08/15. Bonus posted on 08/29.

Troy
Troy

I did two pushes from E Trade on 8/11 and 8/15 and there is still no bonus posted (on 9/8), so I’m assuming ETrade isn’t working…

Daniel
Daniel

No go on Etrade as well…. might be dead. I still have a little time left to try other methods. Good luck everyone!

Rick H
Rick H

E*Trade Bank or E*Trade financial? I think they code differently.

Troy
Troy

I used E-Trade bank (and it didn’t trigger)

Rick H
Rick H

Thanks. I’ll try E*Trade Financial in a couple of weeks and report back…

Angji
Angji

Looks like Coinbase works.

Deposited from Coinbase on 8/8 and 8/11
$100 bonus posted on 8/29

Adam D
Adam D

HODL

ENRICO
ENRICO

Requirement I received was higher. Maybe because had one time a BoA checking.
I need to do a total $4000 direct deposit in 90 days.

Radar
Radar

08/29/2017 – account opened
09/06/2017- First serve transfer posted as PPD
09/07/2017- Second Serve transfer posted as PPD
09/19/2017 – TODAY bonus posted ! :))
Two weeks from Serve deposits.

Craig
Craig

Today I no longer see the targeted offer for me on my BOA login portal. I thought the targeted offer was till 12-31-17.

Is it just me who is no longer having the offer?

Kevin
Kevin

Not sure if this was answered, but if we did the BOA Business Checking bonus earlier this year, are we still eligible to get this bonus? Seems easy enough to snag.

Hodor
Hodor

After the first page of the application, I got this strange message:

“To open your account, please bring two forms of identification with you, such as:

Government-issued photo ID (examples: drivers license, passport)
Social Security card
Utility bill (must contain name and current address)
Major retail store credit card

We’re sorry, but we are unable to continue with your online application.

We’ll email you the details on your application status shortly.”

Did this happen to anyone else?

Patti
Patti

It’s sounds like they’re not denying you but want you to apply in branch. PNC keeps doing this to me too. Not sure why that happens. 🙁

Ron
Ron

how does one know if one is a targeted customer? I have a BofA credit card and see this offer under special deals section upon login – does that mean I am targeted? or do I need to have a mail with a code or something?

Sam
Sam

Well, here is my experience. I opened an account the first of this month on the phone. I was assured by the phone repr. that I was targeted (I have one of their credit cards) and he told me that if I kept $1,500 in the account that I wouldn’t need to do any direct deposits to receive my bonus. Got a strange BofA letter in the mail after a few days stating that all or a portion of my deposit was not available for a period of 12 days. I have done business with many banks over the years and that was a new one. Recently, I tried to open an online bank account and kept on getting a strange error and to call their number, so had to get on the phone with a phone repr. who spent an hour with me until I was finally able to log in. I inquired with her about my bonus and she was like what bonus? She looked into it and there was no bonus identified for my account. So at this point I decided to close my account and went to the local branch. After waiting for 30 minutes, I was able to talk to a repr and filled her in and told her that I had never been treated this way by any bank. I noticed as I was leaving that the person waiting behind me in line also was closing their account.

Ronnie
Ronnie

Pushed $250 from Capital One 360 Checking A/C on 10/9 and 10/12,and still no bonus.

Durga
Durga

Hi Doc,

new referral $150 BOA checking account offer.

Today I received email from BoA… to refer friends and family members for $150 bonus ($25 referral bonus) . this referral should be done before Dec-15-2017.

To get bonus referred customer should open new Bank of America core checking OR Bank of America Interest checking account by March-15-2018 in a financial center, online or via Phone using unique offer code and setting up and receiving at least two qualifying direct deposits of $500 or more each into their new checking account within 90 days from account opening.

Unluckily my spouse has opened checking account yesterday only with $100 offer. if we have waited for one day we should have received extra $75 (extra $50 for account and $25 for referral).

Durga
Durga

looks like we need to key in first Name, Last Name, and email to refer… I am not seeing any referral link generated.

and one more point is… Max referral bonus is $250. (10 successful referrals).

Brooke
Brooke

I have a targeted BOA offer for $300 (have 3 CC with them and it shows up when logged in). It requires $4000 in DD within 90 days.

Brandon
Brandon

Pushed 2 $250 deposits from RH to BofA acct on 10/30 and 10/31. No bonus yet. Will keep updating

Brandon
Brandon

bonus posted 11/19

bernie
bernie

Data Point:

I opened a BOA Core acct for $100 bonus 8/5/17.

Pushed from Schwab, $250 four different times.

Just got off phone with CRep.

Denied my $100 because it wasn’t payroll deductions

Be wary….

Radar
Radar

My account core checking Opened on Aug 30th.
Serve DD 1 – Sep 5th
Serve DD 2 – Sep 7th
Bonus posted Sep 19th
Moved the entire balance and closed the account aby phone call on Sep 20th.

My spouse’s
Account opened on NOV 13TH.
Serve DD 1 – Nov 15th
Serve DD 2 – Nov 17th
Still waiting on the bonus. Thought it would post on Dec 1st. But it hasnt.

Radar
Radar

Bonus posted for my husband’s account today dec 9th

Liz
Liz

Serve deposits triggered DD for me for this bonus.
Serve 1: 11/5/17
Serve 2: 11/12/17
Serve 3: 11/25/17
Bonus: 11/30/17

JR
JR

Didn’t see this mentioned elsewhere, but this bonus is no longer offered despite earlier mention or being available until 12/31/2017.

Patti
Patti

Yay! This was easy!

10/23/17 opened with $25
11/23/17 Real DD #1
12/14/17 Real DD #2
12/28/17 Real DD #3
1/6/18 Bonus pending

Thanks DoC!!

Enrico
Enrico

Real DD? Paycheck?

Patti
Patti

Yes Enrico.
Real DD was my paycheck. For some it could be pension or social security.
Some banks are easily fooled by an electronic transfer from a different bank. With BoA they are not easily fooled. Luckily I work for a large company and I can log in to their website to change my DD banking info without bothering HR or drawing attention to multiple changes. For my husband, he has to submit a change for to their admin staff so he tries not to irk them too much.

Patti
Patti

Oops. Submit a change FORM.

Enrico
Enrico

I messed it up. I got fooled by BofA categorizing transaction as ID Income Deposit (and messages Direct Deposit received), thinking that is the Direct Deposit for the Bonus requirement. Although this may seem enough for preventing from being charged the monthly service fee, it is not eligible for the Bonus.

The only transaction that came through with PPD in description which seems to be a qualifying DD deposit for the Bonus are:
Serve
Robinhood (keep in mind you have to transfer money from BofA to Robinhood and back, cannot transfer money in timely manner to Robinhood from another bank and then to BofA!)

There may seem some other banks that get you the PPD, just need to test/try.

LAG
LAG

William Charles
FYI – Bonus expiration extended to 2/28/2018. Direct link & qualifications remain the same.

https://promo.bankofamerica.com/chooseyourchecking1/offer/

Ryan
Ryan

I’ve heard BoA is EWS sensitive. My business account was closed by them shortly after opening it a couple months ago. Would I have luck on the personal checking side?

Mario Leuang
Mario Leuang

Do referrals still provide the $150 checking bonus offer?

John
John

I wish that someone could refer me for the $150 offer if they have one. I tried to sign up for this $100 ONLINE offer but it told me that they could not open the account online for me and that I will have to go to a branch…. so how can I get the bonus at the branch then since this is an online offer?! I dont understand why they did something like this.

Too Good 2B!
Too Good 2B!

Today is the day that the BoA $150 referral emails are supposed to be sent to the referred customers, but I believe the offer to submit the referrals in to BoA expired on 12/15/2017.

Dan
Dan

In case anyone wants BofA’s Direct Deposit address it’s:
261 Broadway, New York, NY 10007

Hal
Hal

I used a referral email for $150 checking bonus. I have a 1 month old cc with them.

1/11/18: applied online and approved
1/12/18: two Employer DD, $500 each
1/12/18: Online account access blocked. Called and was told they closed my account.

Opened about 5 new bank accounts in the last 6 months. Either they’re really sensitive to new accounts or I’m just unlucky. Maybe I shouldn’t have tried 2 DD on the same day.

Hal
Hal

Update: Just got off the phone with them again. They blocked my entire online account. Told me to call back in 10-15 business days after my checking account is officially closed, so that they can help me create a new online login for my credit card.

Now I need to go to the bank to withdraw the $ from DD. More hassle than I had anticipated.

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