bank rates

Bank of America $50 Checking Bonus

If you were watching the NCAA basketball tourney over the weekend you couldn’t avoid the ads promising a $50 bonus for anyone opening a new checking account at Bank of America.

Interested? Here are the hoops you’ll have to jump through.

You’ve got to apply in person at a branch bank. You can’t qualify for the bonus if you open the account online.

You’ve also got to maintain a minimum average balance of $125 for two statement cycles (about 60 days) and make a qualified direct deposit (paycheck, Social Security check, pension check) to the account.

The bonus is available for new personal and business checking accounts. Current customers that want to open a second checking account can also qualify for the bonus.

The offer ends the same day the NCAA men’s tournament wraps up with the big championship game in Detroit — April 6, 2009. (Go MIZZOU!)

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Comments (6)
1 Star2 Stars3 Stars4 Stars5 Stars (13 votes, average: 3.00 out of 5)
6 Existing Comments
  1. BloggingBanks said:
    on March 25th at 02:51 am

    Bank of America is also running a promotion of their MyAccessChecking Online account, which expires on December 31, 2009.

  2. RateRunner said:
    on March 25th at 11:02 am

    Yeah, but that deal is supposedly open only to employees who work for companies taking part in BofA’s “Bank at Work” program. The online application specifically asks for the name of your employer and if it isn’t a part of the program will you still qualify for the $50 bonus? BofA told us, no.

  3. Debt Consolidation said:
    on March 25th at 11:00 pm

    This is one of the reasons why Bank of America is tops when it comes to this industry, 🙂

  4. Sam B said:
    on March 25th at 11:22 pm


  5. RateRunner said:
    on March 26th at 09:05 am


  6. RateNerd said:
    on March 27th at 07:39 am

    This is a good one, I wish B of A had been offering it when I was setting up my accounts. I went to Chase who at the time was offering $100, and the offer is now $200 with a $500 minimum. Here is the link: