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SideShowBob233
SideShowBob233

Looks like my bonus posted today 7/2. Opened on 2/25, 60 days to qualify and then 60 days to pay took me to 6/25, so about a week later it posted (statement roll). Only got the $300 (as expected) since I only opened one part of the bonus. Bonus posted as “ACH CREDIT BANK OF AMERICA PAYMENT ON 07/02”.

Ferris
Ferris

So your $5000 deposit probably cleared around 3/2? And it was 4 months from then until you got your bonus. It’s been over 3 months for me and no bonus yet. I also got the Alaska Biz card.

Bob Roberts
Bob Roberts

Not sure the alaska biz counted — some comments above say it wasn’t eligible but not sure. I did cash rewards biz (I think can’t find card at the moment).

Ferris
Ferris

Any DPs on how long the monthly fee is waived for the Business Fundamentals (lower level account)? I didn’t see any after scrolling through.

Lily
Lily

Any data point on when the checking bonus would be posted? I opened both checking and cc on 3/29, and got the cc $200 statement credit on first statement, but no checking bonus so far.

NBG
NBG

posts exactly in 90 days from opening. You should see on 6/29.

Lily
Lily

Still have 1 more month to go then. They sure take the sweet time.

Sideshowbob233
Sideshowbob233

Did you get the bonus? I opened in late Feb and didn’t. My calcs showed it was due today but I think I may have screwed up my calcs. Either way will have to reach out to BoA.

Lily
Lily

Nope, according to NBG above, i should get on 6/29. Will let you know in a few days if i get it or not.

Derek
Derek

That’s odd. My 90th day was on 6/17 but so far the bonus has not been posted yet.

Lily
Lily

Got bad news today. I called them for something else (was charged $15 monthly fee) and learned that the stupid woman who opened my accounts (ckg and cc) in the branch totally messed up my account, not only she didn’t properly link the cc to the ckg, there was no promotion code assigned to my account. The rep told me he couldn’t do anything about the promotion, that i have to go back to that woman in the branch to sort it out. So i wasted 1.5 hrs for nothing (waited for 45 minutes before he answered the phone)! I’m so disgusted by BOA.

Ferris
Ferris

CFPB.

Lily
Lily

Yes, I’m very close to do that as i called the stupid woman (who opened my accounts at branch) last Monday and she acted like she doesn’t remember such promotion. When i told her i have all the paperwork she gave me which stated the promotion clearly, she told me she will put in a research request and call me back the next day or by Friday. Of course she never called back!! I’m gonna call her again next Monday and then will decide to contact CFPB or not.

MoreSun
MoreSun

Stop wasting your time. She and BoA screwed you and have no respect for you and your time or your business dealings with them. File with CFPB and be done. 10 mins if you have a slow computer.

Lily
Lily

Well, after i emailed her on Monday threatening to file a complaint to the CFPB if i dont receive the bonus by July 29 (exactly 4 months), she called me within a few hours telling me they will be mailing me a $300 check since they couldn’t deposit into my account (i don’t know why). She blamed everything on “the other department .” Whatever! I will close both the checking and the cc as soon as i receive the check. I really hate their business cc web site setup anyways.

Lily
Lily

Can’t believe it – application rejected, told me to visit the branch or call to complete the application.

Fuzshinwa
Fuzshinwa

Today, I went into a branch to open up and Biz checking account and a biz cc for the bonus. The relationship manager clarified the terms and stated that opening an Alaska Biz card (Currently 40k bonus points) will be eligible for the $200 bonus part.

beat2def
beat2def

Did you sign up for it? Online the only options are the non co-branded cards.

Bob Roberts
Bob Roberts

Anyone know if a check deposit via the app will count for the deposit of new money?

Bob Roberts
Bob Roberts

Did online chat with them a rep confirmed check deposit via app would be a qualifying deposit (assuming funds aren’t coming from BoA)

Ferris
Ferris

FYI for anyone wondering:

The $35 processor for Merchant Services does NOT count towards qualifying for this bonus because it is a monthly non-contract. The other devices are $25+ month and have contracts, meaning this is most certainly a total waste of time unless you have a full-fledged retail facing business.

Also within the terms: “Most Bank of America® branded business credit cards (such as the Business Advantage Cash Rewards, Business Advantage Travel Rewards and WorldPoints Rewards for Business credit cards) are eligible to receive the program bonus as long as the card account is open and in good standing.”

More: “You must not be an owner or signer on a Bank of America business checking account that is open or that was closed in the last six (6) months…You must not be an owner or signer on a Bank of America credit card account that is open or that was closed in the last six (6) months.”

Based on this, it is much less desirable as it appears Alaska CC is not eligible.

Justin
Justin

I don’t think your conclusion that the Alaska CC is not eligible is correct. The terms you quoted are related to BoA’s credit card points program and not the checking account bonus. Also I opened a BoA business checking account and Alaska CC last year in a similar deal and it worked.

Zhi
Zhi

J L
J L

just wanted to add that this will hard pull both your personal credit and tax ID.

I went in 2/20 and they said they couldn’t complete the process until I lifted the freeze on my personal credit.

I went ahead and signed up for the basic business checking($300 bonus $250 spend) and the cash advance credit card ($200 bonus $500 spend)

the good thing is the checking bonus can be met by the CC spending too.

beat2def
beat2def

Are you a sole proprietor?

J L
J L

yes.

Krista B
Krista B

Note: I see the offer page when I click on the direct link, but no advertisement shows up for me on the small business website. – Only the $200 offers for the credit cards. Wonder if this varies by state, cookies, etc?