Bank of America $75 Checking Account

I wouldn’t called it a drawback since its only $25 that u have to deposit. How much interest are u going to earn on $25.

Looks like easy $75 bucks.

the good news is that boa has multiple credit card offers that give you $50 for signing up- I just got $50 for their am ex card.

Requires monthly direct deposit made to your account, or $5.95 monthly maintenance fee.

jesse’s right

A $5.95 monthly “maintanence” fee will be charged to accounts that do not have direct deposit.

https://www2.bankofamerica.com/efulfillment/documents/61-11-3000ED.20080201.htm

The monthly maintanence fee only applies if you open it in a branch. Opening an account online has no fee.

You get a check card with the offer. However, if you don’t use BoA atms they sock you with a $2 ATM fee per withdrawal. So, be sure you either have BoA close by (I didn’t) or transfer cash out through ACH bank transfer.

Hi Tom,

Good point. They might if initiated through BoA; I hooked up the account to another bank that has pulls from external accounts for free (E*Trade).

I closed out BOA’s previous bonus with an ACH transfer that left a zero balance and they’re now asking me to pay a $3.00 fee (I had assumed they were going to deduct the $3.00 from the transfer. I told them to forget about it.
Now, they’re paying me back. I paid off their credit card with a 4K balance and they took another $1,847. from my MMA savings and haven’t refunded it for over a week! They just sent me an e-mail saying “they are very sorry when their customers get frustrated and they understand” but didn’t mention anything about repaying the $1847!! Guess they’re holding it for ransom until I pay the $3.00. I’ll never forget the sorry brick/mortar BOA bank account I closed out 10 years ago-they took an hour to close it while remarking “we can’t believe you want to close your account with us.” They’re driven WASPS like me away-that’s why they’re pursuing the illegal alien market now. I will take another $75.00 from them, however, since their stupid management has run them so far down they’re desperate.

Let me tell you something… their customer service is among the worst I’ve encountered! I opened a no fee $75 bonus checking account with a minimum $100 deposit on line in early May, and the CSRs I spoke to on the phone STEADFASTLY REFUSED to credit the bonus, no matter what I said. Finally, I went to the local branch, and spoke to the manager, who agreed I had fulfilled all of the requirements for getting the bonus (they tried to say I was a previous B of A checking customer years ago, and the bonus only applied to “first accounts,” which it clearly did not say in the ad), and I should be getting it soon. So caveat emptor when it comes to B of A — make sure you save EVERY SCRAP OF PAPER AND PRINT OUT EVERY SCREEN AND ALL REQUIREMENTS AND OTHER DETAILS IF YOU APPLY ONLINE. And good luck!

what’s a firstchoice account?

If you already have a BOA credit card, please take advantage of this offer. I’m doing it again to recoup stings BOA has foisted upon me. I admit to the sin of not reading the fine print every month (you should due to the many changes banks are making to enhance their profits). I just discovered that BOA charges you interest on a balance pay off. You must have had a zero balance the previous month to avoid additional interest on a zero balance the next month. How do they justify this? I had a promo 2.99% rate that expired 6/30/2008. I paid it off and now find that they charged me $23.36 (at my normal rate) because I didn’t have a zero balance the previous month. This amounts to a pre-payment penalty!! And, to rub some salt in the wound they billed me an additional $1847 from my WAMU MMA in error. This error also caused a $10 charge from WAMU since it was the 7th transaction in the billing period at WAMU!! Online BOA would not correct this error. I kept getting phone replies that it was “under investigation”. I went to the local BOA branch yesterday and got it via a cash advance that they promise to refund the charges on. We’ll see. Office of the Comptroller rules state that a bank must correct mistakes in 10 business days except under extenuating circumstances in which they have 45 days to investigate things like fraud. BOA didn’t comply with the 10 day rule and in my case had no intention to do so since they failed to respond to several e-mails. Their one reply stated “we’re sorry for the inconvenience”-nothing said about resolving the mistake. So, I encourage everyone to take advantage of this offer to pay BOA back for ripping customers off.

i’m with you larry

yeah dude, u have to have a boa credit card or did u miss that part?

Does anybody actually go to the websites that offer these deals and read all of the fine print or do you just lazily accept what is posted in the comment sections?? If I were going to take advantage of this, I would, without a doubt, read every line of every page for catches. There are no fees if you open MyAccess checking online. It says that blatantly in the advertisement at the beginning of this article. You have to be a BofA credit card holder to qualify. You are given the opportunity to take advantage of this offer in Online Banking, if you use it. You must make a $25 deposit within 30 days of account approval. You also must use the offer code when applying ONLINE. THATS IT. Found all of this out ON MY OWN in ten minutes on BofA website. Its easy money, but don’t get lazy trying to get it.

@ Brian: I’m in the same situation. Opened my account in July and it yet to be 90 days but was wondering should I try giving them a call anyway?

I filled out the application, code pre-inputted. As I filled out application, chat box opened to speak with rep. I asked if you needed to be the primary cardholder because I am a secondary cardholder of a Bank of America credit card. The person said I qualified. I asked the person to verify, I was told yes again. I didn’t know it then but you can print the chat. Wish I had because after I opened the account I emailed to get it in writing. I got the run around twice. I called and I was told to wait and see in 90 days. I asked to speak to someone else and they said as a secondary cardholder, I do not qualify. I closed the account. I do not like being misled.