Deal has ended, view more Santander deals by clicking here.
Update 9/12/20: Another round gone out, end date is 12/31/20.
Update 8/19/20: Another round has gone out.
Update 6/3/20: Another round has gone out, this time valid until Sept 30, 2020.
The Offer
Lots of people got targeted with Bank of America checking and/or savings bonuses today. All of these bonuses are targeted, and only work for those who received communication from Bank of America:
- $300 Offer (Direct Link) Open a new Bank of America Advantage Checking (any version) and receive a $300 bonus when you set up and receive qualifying direct deposits totaling $4,000 or more within the first 90 days of opening your new checking account. Valid through August 31, 2020.
- This offer is quite common; we’ve covered it many times before. Many were targeted today for this offer.
- $400 Offer: (Direct Link) Open a new Bank of America Advantage Checking (any version) and receive a $400 bonus when you set up and receive qualifying direct deposits totaling $4,000 or more within the first 90 days of opening your new checking account. Valid through August 31, 2020. (ht reader Abey)
- This offer is identical to the common $300 offer, just gives $100 more. A bunch of people are getting this offer today. (ht reader Abey)
- $500 Offer: (Direct Link) Open a new Bank of America Advantage Checking (any version) and receive a $500 bonus when you set up and receive qualifying direct deposits totaling $10,000 or more within the first 90 days of opening your new checking account OR you deposit $50,000 of new money in the the account within 30 days and hold for 90 days. (ht reader Boris & imightbeaviking)
- $500 Offer: Open a new Bank of America Advantage Checking (any version) and receive a $300 bonus when you set up and receive qualifying direct deposits totaling $4,000 or more within the first 90 days of opening your new checking account. Additionally, you can open up a savings account and deposit $20,000 and receive an additional $200 bonus. (ht reader Sarah)
Our Verdict
We usually just see that $300 offer, it’s interesting they are now offering $400 to some people with identical requirements. There are also a couple of other forms of offers, mentioned above; let us know if you got something else and we’ll add it in.
I know this is old thread; don’t know where else to post this question. I have Bof A checking and savings which I opened several years ago, and have been looking at closing. I just got an offer for a $100 bonus to make direct deposits in the existing checking. I hesitate because I assume that bonus would make me ineligible for future better bonuses. So either guaranteed $100 now or possible $300-$500 later. Looks like I’d have to do a real dd, as so few reliable alternatives are listed in the resource page here.
Any advice?
It seems BOA charge an ACH transfer fee for every online external bank transfer…… No other bank charges a fee like this.
Did you receive either of these $300, $400, or $500 in your email, or received both and you can select one? I received a $300 targeted email offer, but not sure if I should wait for a better offer.
Does the account need to stay open for a certain period of time after the bonus is received? I’d rather switch back to Navy Fed.
I got the $300 checking offer via email – with the following requirements – on 7/2/2021
(1) Enroll in this offer through a Bank of America associate or by clicking the Enroll now button in a direct communication (email or digital ad) from Bank of America.
(2) Open a new eligible Bank of America personal checking account by August 31, 2021.
(3) Set up and receive Qualifying Direct Deposits of $4,000 or more in your new personal checking account within ninety (90) days of account opening.
I opened a new Advantage Plus Banking Acct thru that email in late July 2021, and have had 4 real DD of $1,000+ each hit it since then.
However, re-reading the terms after the facts, I’m now wondering if the DD themselves needed to be $4,000+ each, in which case, what I did wouldn’t qualify?
Can anyone share some lights for me on this?
Wondering now if I should send $4,000 thru ACH from another bank to help with this…
Hi everyone, need a Lil assistance, I applied, met all requirements for direct deposits but only received 266.00 of the 350.00 targeted bonus from Bank Of America on 3/5/2021. Called in and was told that 20% taxes were taken out of the bonus and I would receive a 1099 tax form at the end of the year. Have anyone else had this done before. This is the first time doing bonuses that the tax was taken out before I received the bonus. CONFUSED
hi
did you check that you do not have any tax witholding on the application?
if you said you did that is probably why they took out the tax
$300 bonus posted 7 days after last qualifying dd. Was a real dd.
DP. Chase You Invest still works as DD.
3/2/21: ChaseYouInvest pushed $4k
3/12:21: ACH CREDIT BANK OF AMERICA PAYMENT ON 03/12
What does posted transaction information look like?
I’m here to give my DP
1/21/21: Account applied online
2/1/21: Account approved
2/9/21: Bluebird pushed $760
2/16/21: Bluebird pushed $750
2/26/21: Bonus posted
12/20/21 – Opened account
12/29/20 – $4000 SoFi deposit
1/13/21-1/27/21 – $4xxx Bluebird deposits
2/5/21 – $300 bonus “ACH CREDIT BANK OF AMERICA PAYMENT”
SoFi didn’t work. Bluebird does work.
Would you please share which bluebird account you use for this DD, the AMEX debit account or bluebird bank account? I probably have to open bluebird and use the same way to fulfill this DD requirement, but I see two different accounts available. https://www.bluebird.com/
Thanks!