Posted by William Charles on July 20, 2018
Bank Account Bonuses

Published on July 20th, 2018 | by William Charles


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

Deal has expired, view the best current checking bonuses by clicking here.

Update: I received my referral finally. It took about 9 days from giving my e-mail to receiving the code. I’m reposting so people know that referrals are coming through successfully, just takes a bit of time.

Offer at a glance

The Offer

No direct link, people who can refer should have received an e-mail with the following subject line ‘Make up to 10 successful referrals, get up to $250’

  • 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 October 31st, 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 August 31st, 2018
  • 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

he 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 normally a public bonus for $100 with the same requirements and some people get targeted for a $300 offer. To be referred you need to provide your e-mail address and also your full name, referrals should appear within 7-14 days. 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. They offered this same $150/$25 referral bonus last year as well.

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.

Reader Steve who let us know about this offer can refer another 35 people.  It seems like you get credit for the first 10 people you refer ($250) but can refer up to 36. So maybe we should try to get 10 referrals per person.

Useful posts regarding bank bonuses:

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are boa bonuses churnable every 12 months or so or worth waiting for a $300 targeted offer?

Is there a limit to how long ago you had a BoA account to get the bonus?

No “wait” listed in terms. This concerns me too, as I just did the $100 bonus and closed out last month.

Is the only stipulation on eligibility really that you don’t have an account open at this time? I churned a BofA account last month and closed it 12 days ago – does this offer not have the usual 90 day or 6 month or 1 year language regarding people receiving another bonus?

emergdoc67 did you end up applying? I’m wondering the same. My wife’s is actually currently open but we’re past early termination fee timeframe

In for a referral


Received a couple emails, so I would just like to clarify that I am looking for a referral, not able to give one out.

Regardless, I am still looking for one and it would be much appreciated! Thanks for any help!

If you want a referral you can contact me at

Can you refer me?

Can you please refer me

Tyler Needham

Can you refer me at

Hey David, could you please send me a referral to my email below?


I’m looking for a referral as well:

Rahul Agarwal

Need referral for 4 members in a family. Please contact me at

Got the referral. Thanks for reaching out

Usually one only six/twelve months no? The post just says ‘Friends and family members who already have a Bank of America checking account are not eligible to receive this special referral offer’. I closed one around two months back? Am I eligible?

I would like a referral.

Email me at


Friendly reminder, try to use referrals from known contributors. Check a person’s little “i” next to their name if you’re not sure. I’m looking to open an account, but would prefer to give it to a contributor rather than some person whose given nothing back to the community.

Would like to do this, but how? People are just asking for a referral, so anyone could say they are [x] person.

did you find someone? i’ll use his/her referral.

hmm fellow contributors here who can refer, please reply here so we could use yours. 🙂

last yr i asked for a referral also and i never got it. right now, i have the targeted $100 but would rather get this or the $300 one.

I contacted Steve per Will’s post and he referred me. Still haven’t gotten the email. I really hope it doesn’t actually take 7 days!

thanks! just did the same thing. 🙂

just got a reply from Steve that he’d used up his 36 referrals. :/

Somehow I got on BoA’s shitlist and I am now permabanned for life from their deposit products. The language in the CFPB response was pretty funny something like “it is in the best interest of both parties if you never apply for a deposit account with BoA again”. Ok then… FUCK BOA.


Used to be a fan of BofA
Now I utterly despise BofA

that sounds like an interesting story

Hi JT,

Why were you banned form BOA deposit products? I assume you have BOA credit products?

I have a Merrill Plus that I got right before it went the way of the dodo. I honestly have no idea why I am banned. I just assumed BoA has Chex sensitivity. Had a checking account from July 3, 2017 to Sep 22, 2017 for the $100 bonus. Went for it again recently and they opened the account, but then proceeded to close it AFTER I set up my direct deposit information (WITHOUT WARNING). Shady as hell in my opinion.

You mentioned BOA’s CFPB response. Did you file a CFPB complaint against BOA?

Yes, they told me to piss up a rope.

Thats scary! I opened the checking account for bonus last year and then the Merrill+ card. Got the Premium Rewards earlier this year and then closed the checking account. I guess I will avoid BoA checking bonus unless I get something juicy (like the $300 offer)

Wow. That’s concerning. smh

Lame…I’ve been a BoA customer for > 10 years and didn’t get the targeted email. No love for loyalty it appears.

I have been boa customer for over 15 years and have preferred rewards platinum but still didn’t get the targeted email.

Yeah…Platinum Honors here. I guess the honor is they don’t spam me with promotional material…little do they know…

Yeah, was hoping to get the email but no luck here, either. I never seem to get targeted for these sorts of things–which really isn’t so bad because I don’t have anyone to refer/ways to get referrals–but this is one I most likely could have finally done. *sigh*

I closed my account 7 months ago. Does anybody know the time before I can reapply?

I would like a referral. Please email me at

same here. my email is .

got my referral. no need to email me now!

Any referrals to


If anyone would like to send me two referrals, I’ll use them and get back to you to confirm that I have!

Got my referrals. No need to email me now!

Are you the SuitCase who used to post on OA?

Maybe — what’s OA?

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