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Stammers95
Stammers95

DP: Just as a FYI, my banker who opened the account up, saw the promotion on the screen during the application process however she didnt apply the promotion to the account opening. They have submitted a Ticket about this with the Marketing and Promotion department for a 30 day turn around on this. I would highly suggest if you havent gotten the bonus to give BofA a call and have a banker talk to their Marketing Team about this issue so they can open a ticket.

In addition, the banker I spoke with did mention there are times where she has seen the taxes taken out of the bonus where only if the IRS comes back saying that there is a issue with the W-8 form attached to the business checking account and makes BofA pay for the taxes on it (hence why its taken out). Doesnt quite make sense and Im not 100% too sure of that but I have made a point for them to notate my account that marketing group confirms that $300 should be deposited for the bonus to cover myself if something goes south.

Gotta love BofA

Stammers95
Stammers95

Just to follow-up with my DP, I had submitted a ticket with the marketing group and got approval for the bonus and they have cut me a check for the $300 and mailing it to my home address. Since I waited for the last day to qualify for this promotion, I had some push back from their team but when they recounted the 60 days for the credit card charge they agreed was was appoved. If anyone is in the same boat as me I would suggest to push back with their marketing team to get the bonus. Thanks Dr for yet another checking bonus!

Frankie
Frankie

What a bunch of $hit this bank is. I see a $216 deposit in my account so I questioned if that was the bonus and was informed that it was. I asked about the remaining $84 dollars and was informed that the Federal Reserve withholds that amount for taxes….have you ever heard a bigger line of BS? they have no idea what they are talking about. Do they even train these people? and of course, they do not offer secure messaging or chat – you can only choose to wait forever on the phone or go into a branch.

I would really like to know what that 1099 form is going to look like. I have never seen a bank do this.

Stammers95
Stammers95

Nothing from my end yet. I actually applied/opened for the Business Checking account on June 30th and didnt open up a business CC and posted ($500 charge) to that CC until the last day of the 60 day time frame (in hopes that bonus will post by a certain time line after the 60 day mark). I have a gut feeling that BofA will do a blanket bonus payout date for all of those who used this promotion and qualified for the bonus. If thats the case, in my situation, BofA had to wait at least 60 days from June 30th to see if I opened up a business CC and then probably will have certain time frame to confirm once CC statement cycle closes. I am hoping to see something within the next 2-3 weeks thinking that its been less than 30 days since my first intial CC statement has been issued. I’ll post a DD if I do get the Bonus.

Marshall
Marshall

I wonder if anybody gets the $300 bonus. The whole thing seems to be a scam.

Bill
Bill

No datapoints of anyone collecting the bonus on this one yet? Is it possible they’re just waiting to not report the payouts until the 4th quarter?

Wong
Wong

From my experience with the BofA checking bonus for $300, they took slightly less than 90 days

Frankie
Frankie

I just called. I am told it could be another 2 months. Great way to try to recoup via monthly account fees (ugh!)….not too pleased with BofA right now. It’s also very difficult to get a human on the line…ugh this bank.

Frankie
Frankie

I have completed the requirements, any data points on how long it takes to get the bonus?

Thanks

Marshall
Marshall

Me either. Opened on June 11th and completed the requirements in the first 30 days. I haven’t got the $300 bonus yet.

Roman S
Roman S

I do. Opened an account a month ago, due to lack of sufficient business credit history had to open Secured business credit card, received it yesterday (still Alaska card which I initially applied for) but with a 1k limit (this is what I put into deposit account for it). Will update my post once bonus posted.

dave
dave

Any one know if they’re still doing this promo?

Frank
Frank

Does the second business product have to be a merchant services account? I wonder if they would accept 2 different BOA biz credit cards.

Stammers95
Stammers95

I just signed up for this and asked that question with my local bank rep while signing up. It appears that any business CC is considered to be 1 product (or in better terms category). The second product (or category) would be the merchant services. I will be signing up for 2 business ccs for this promotion so maybe the 2nd cc will go through as a 2nd product. Ill report back in a few months.

Jason
Jason

No you are not. I opened second business credit card same like you. Received letter just qualify 1 bonus 300+200=500 only. not another 200.

cr7
cr7

I signed up for the 200 1 day before this article came out, any chance you guys think they will match this? any idea what number to call?