Available nationwide to select business owners, Bank of America is offering a targeted bonus of up to $500 when you open a Business Advantage Checking account OR Business Fundamentals Checking account by March 29, 2019.
To earn the first $300 of the bonus, you must open a Bank of America business checking account. Additionally, you must make at least $5,000 in Qualifying Deposits into that new business checking account within 60 days of account opening. Earn an additional $200, when you meet all the qualifiers to earn the initial $300 bonus and open the remaining second new Select Business Product; and meet all of the related qualifiers of the second Select Business Product within 60 days of account opening.
Keep in mind that this bonus is targeted and only available to customers who receive this offer via a direct communication from Bank of America. Visit our HMB master list of Bank of America Promotions for all of BOA’s current bonuses! If you are interested, be sure to check out this promotion as well as other banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank or CIT Bank.
Credit goes to Dorianne for letting us know about this bank bonus through our Rewards Program. If you find out about a new bank bonus, let us know and get paid up to $15!
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Bank of America $500 Bonus Information
- Direct Link to Offer
- Bank of America Targeted Bonus Offer
- Account Type: Business Advantage Checking account OR Business Fundamentals Checking account
- Availability: Nationwide
- Expiration Date: 03/29/2019
- Credit Inquiry: Soft pull.
- Opening Deposit: Optional
- Credit Card Funding: None
- Direct Deposit Requirement: No
- Monthly Fee: $15 or $29.95 depending on account
- Additional Requirements: See below
- Closing Account Fee: No
How To Earn Bank of America $500 Bonus
- Keep in mind that this offer is only available to customers who receive this offer via a direct communication from Bank of America. YMMV.
- Open a new Bank of America Business Fundamentals or Business Advantage checking account online by March 31, 2019.
- Earn $300 when you open a new eligible Bank of America business checking account.
- Make qualifying deposits of $5,000 or more within the first 60 days.
- Open and meet the qualifiers of one Select Business Product requirements within 60 days of account opening. You may choose to either:
- Apply for a new small business credit card account and make at least $500 in new Net Purchases with your new credit card within 60 days from account opening.
- Apply for a new Bank of America Merchant Services account, and settle at least $1,000 of merchant processing funds into your business checking account within 60 days from account opening.
- Earn an additional $200 when you earn the initial $300 bonus and open the remaining second new Select Business Product.
- Meet all of the related qualifiers of the second Select Business Product within 60 days of opening your new Bank of America business checking account.
- Upon completion of all requirements, bonuses should total $500 total.
How To Avoid Monthly Fees
- Business Fundamentals Account: $16 monthly fee waived if:
- You spend at least $250 a month on your business debit or credit card
- Your average monthly balance is less than $5000
- Maintain a minimum daily balance of $3000
- Maintain a combined average monthly balance of $15,000 or more in your linked Bank of America accounts
- Qualify for and enroll in the Business Advantage Relationship Rewards program
- Business Advantage Account: $29.95 monthly fee waived if:
- You spend at least $2500 a month on your business credit card
- Your average monthly balance is greater than $15,000
- Maintain a combined average monthly balance in your linked Bank of America accounts of at least $35,000
- Actively use one or more of these business services: Bank of America Merchant Services, Payroll Service by Intuit or Remote Deposit Online
- Qualify for and enroll in the Business Advantage Relationship Rewards program
Bottom Line
Bank of America is currently having a promotion where targeted customers can receive this $500 bonus offer via a direct communication from Bank of America. Although this is a targeted offer, you could try your luck and submit an application at your local BOA branch or over the phone. YMMV.
If you received this offer and follow through with the process or tried your luck, please share your experience by commenting below! Do you want a full, exclusive list of business bank bonuses? Read our full list of Business Bank Bonuses!
PROMOTIONAL LINK | OFFER | REVIEW |
U.S. Bank Silver Business Checking Package | $900 Cash | Review |
U.S. Bank Gold Business Checking Package | $900 Cash | Review |
U.S. Bank Platinum Business Checking Package | $900 Cash | Review |
Chase Business Complete Checking® | $300 Cash | Review |
Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
Huntington Bank Unlimited Business Checking | $400 Cash | Review |
Huntington Bank Business Checking 100 | $100 Cash | Review |
Axos Bank Basic Business Checking | $400 Cash | Review |
Axos Bank Business Interest Checking | $400 Cash | Review |
Regions Bank Business Checking | $150 Cash | Review |
NorthOne Business Checking | $20 Credit | Review |
Novo Business Checking | $75 Cash | Review |
BlueVine Business Checking | 2.00% APY | Review |
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