This bonus is no longer being offered. Click here to view the best current checking bonuses.
Offer at a glance
- Maximum bonus amount: $100
- Availability: Must reside in the Pittsburgh, Pennsylvania area: Allegheny, Armstrong, Beaver, Butler, Fayette, Washington and Westmoreland
- Direct deposit required: Two direct deposits of $250 each within 90 days
- Additional requirements: None
- Hard/soft pull: Soft, as long as you opt out of overdraft protection
- ChexSystems: Yes
- Credit card funding: None, but you can fund with a debit card up to $250
- Monthly fees: $12-$25, waive-able
- Early account termination fee: None
- Household limit: None listed
- Expiration date: October 31st, 2018
Contents
The 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 who reside within the following counties in the Pittsburgh, Pennsylvania area: Allegheny, Armstrong, Beaver, Butler, Fayette, Washington and Westmoreland.
- 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 October 31, 2018; however, Bank of America may change or discontinue this offer at any time before this date without notice
- 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
Keep in mind there is a better $150 offer available via referral. There is also a targeted bonus for $300 for those in PA and another $300 bonus for those in other states. Usually they have this same offer but it’s available nationwide, but that has been expired since late March. Really up to you to decide if you want to wait for a $300 bonus to come along, or to just bank one of these $100 offers. Personally I’d probably wait, but YMMV.
Big thanks to reader, Gary who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Might be worth mentioning that there’s a $150 offer (with referral) going on currently with a bit higher requirement.
https://www.doctorofcredit.com/bank-of-america-150-checking-bonus-25-per-referral/
yeah I wrote this post before that went live. Let me update
Ah that makes perfect sense. Was wondering how you could possibly miss that, haha
Yeha I’m just an idiot sometimes