Posted by William Charles on November 7, 2017
Bank Account Bonuses

Published on November 7th, 2017 | by William Charles


[Expired] Bank of America $150 Checking Bonus + $25 Per Referral

This offer has expired. View the best current checking bonuses here. There is also a $100 Bank of America checking bonus.

Offer at a glance

The Offer

No direct link, people who can refer should have received an e-mail with the following subject line ‘$25 offer: Invite your friends and family today’

  • Bank of America has a special referral bonus for Bank of America checking accounts. Existing account holders that are targeted can refer up to 10 friends & family each and receive a bonus of $25 per referral that meets the requirements. Person being referred will receive a bonus of $150 when the following requirements are met:
    • Open a 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 the unique offer code
    • Set up and receive at least two qualifying direct deposits of $500 or more into the new account within 90 days of account opening

The Fine Print

  • Friends and family members who already have a Bank of America checking account are not eligible to receive this special referral offer
  • This offer expires on December 15, 2017
  • Using the Referral Portal, submit the full name and valid e-mail address for each eligible friend and/or family member you’d like to refer to Bank of America (up to a maximum of thirty-six names and e-mail addresses). Referrals must be submitted on or before the offer expiration date
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

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

There is another public bonus for $100, the only differences are that this is for $50 more and requires direct deposits of $500 instead of $250 and also requires a referral. Because of that I’d recommend doing this bonus instead. There is a targeted $300 checking bonus that you should check to see if you’re targeted for first. Feel free to share and ask for a referral in the comments below. I believe the person referring you needs your e-mail address and full name, rather than putting your full name in the comments maybe just put your e-mail in and then they contact you for your full name? Better yet would be people willing to refer putting their e-mails in and then those wanting to refer can just contact them directly.

Please do not offer or ask for anything in exchange for using a referral. It’s absolutely impossible to police and just wastes a lot of my time.  I’ll add this to the best checking bonuses.

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

Useful posts regarding bank bonuses:

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Is there any restriction for people who have closed an account in the past X months being ineligible?

yes. it does contains should not own BOA personal checking account in last 6 months

Bummer, but thanks for the heads up.

Any idea if it’s enforced?

I had an account about 5 months ago, for a day or so. It was autoclosed before the debit card arrived (seems that EWS flags you if you’ve had more than 5 accounts opened in the last month). Wonder if that counts.

probably it may count. if you see end date for Referral is Dec 15th but using the referral email you can open account before March 15. 2018.

Thanks Doc!

I have received email,…If anyone interested please contact me at

Thanks for using my referral!

i closed mine: 8.29.17
plus 6 mos: 2.28.18
last day to open for this promo: 3.15.18

hmm seems like it might work for me(?). sent you an email. tia!
if i don’t get targeted for the $300 offer, i’ll probably sign up for this around march. 😀

Thank u! submitted your details in referral portal and replied to your email

Hi. I have referrals to share. Please email me at Thanks!

just sent. email


If someone would like to refer me, please email me at I will respond to you with my full name so you can refer me properly.

I’d also be curious to know if there is any language about only obtaining 1 bonus per calendar year.


Hi There,

I just sent email.. pleas share your details.

Hi, please email me at if you are interested in a referral. Thanks!

emailed ya.

I just sent

If anyone is interested in a referral, send me an email.

Hi Brian, sent you an email. It would be great if the guy that shared this info got rewarded!

Thanks in advance for using my referral. Send me an email at:

Emailed you.

You can email me your ID to and I can refer you! Good luck & Thank you !


If you’d like a referral, please email me:

Email sent!

If you’d like a referral, please email me –

I emailed you

does anyone know if the referred dont have a ssn can she still get the bonus?


Dang, I should have waited… I only got the $100. How am I suppose to know lol?

Someone said they sent me a referral, but is the email supposed to send right away or at a later date?

seems to be it will take time. I tested it sending email to my secondary account. so far haven’t received it.

What’s the dp on direct deposits and can ACH be used? If so, what banks or cu’s work? tia

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