Best Bank of America Checking, Savings Accounts Deals & Bonuses

Bank of America Deals
**These promo deals have expired but we update these promo pages frequently, so keep checking back to see if Bank of America is running any updated current deals**

Bank of America is one of the biggest banks in the country and it's not surprising if you're considering a new account with the bank. On occasion, Bank of America offers attractive deals and bonuses for new account sign-ups.

Find out what account bonuses and promotions are available:

Bank of America Checking Account Deals


bofa deal

Bank of America Checking $100 Bonus

Type Details
Bonus Amount $100
Expiration Date 5/31/2018 -- *Expired*
Availability Nationwide
Credit Inquiry Soft Pull
ChexSystems (Banking Report) Inquiry Yes
Minimum Opening Deposit $25
Where to Apply Deals page

Open a Bank of America Advantage Plus Banking or Bank of America Advantage Relationship Banking account and post 2 direct deposits of $250 or more within 90 days of account opening to earn a $100 cash bonus.

The bonus is deposited into your account within 60 business days of meeting the bonus requirements.

Bank of America Advantage Plus Banking Account Fees

Type Fee
Monthly Maintenance Fee $12
Out-of-Network ATM Fee $2.50
Overdraft Fee $35
Returned Item $35
Stop Payment $30
Deposited Item Returned or Cashed Check Returned $12
Incoming Domestic Wire Transfer $15
Incoming International Wire Transfer $16
Money Order $5
Cashiers Check $10

How to Avoid the Advantage Plus Banking Account Monthly Fee

This account is the entry-level checking account that is available from Bank of America. It has a $12 monthly maintenance fee that can be avoided when you meet one of the following:

  • Have at least one qualifying direct deposit of $250 or more
  • Maintain a minimum daily balance of $1,500 or more
  • Be a qualifying student under the age of 24
  • Have Preferred Rewards status


Bank of America Interest Checking Account Fees

Type Fee
Monthly Maintenance Fee $25
Out-of-Network ATM Fee $2.50
Overdraft Fee $35
Overdraft Protection Transfer $0
Returned Item $35
Stop Payment $0
Deposited Item Returned or Cashed Check Returned $12
Incoming Domestic Wire Transfer $15
Incoming International Wire Transfer $16
Money Order $0
Cashiers Check $0

Ways to Waive the Advantage Relationship Banking Account Monthly Fee

This account is a premium checking account that allows customers to earn interest on their balances. It has a $25 monthly maintenance fee that can be avoided when you meet one of the following:

  • Maintain a combined balance of $10,000 or more in eligible Bank of America deposit accounts, IRAs, and Merrill Edge and Merrill Lynch investment accounts
  • Have Preferred Rewards status

Additional perks of this account include free overdraft protection transfers, standard checks, and incoming domestic wire transfers.

Compare to Online Checking Accounts


Bank Bonuses Are Reported on Taxes

In the fine print of Bank of America's account bonuses and deals, it states that the income you receive will be reported to the IRS.

You'll have to report it on your tax return through a Form 1099-INT. You should expect to pay taxes on it -- under your personal tax bracket.

More: The Best Checking Accounts of the Year

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