Bank of America dates back 240 years and is one of the country’s largest banks. They have over 69 million customers across consumer and business banking products and 3,800 financial retail centers to serve you.
Like most big banks, Bank of America continually runs promos to get new clients.
I’ve narrowed down the Bank of America promotions and what’s required to earn them to help you make the most of your money.
Bank of America’s Bank Promotions for 2025
Here are the current Bank of America bank bonuses you can benefit from today:
- Bank of America Advantage Plus: $300 Bonus
- Bank of America Advantage Relationship: $300 Bonus
- Bank of America Business Adavantage Fundamentals™: $200 Bonus
- Bank of America Business Advantage Relationship: $200 Bonus
- Bank of America Credit Card Promotions
1. Bank of America Advantage Plus Banking: $300 Bonus
Expires: 05/31/2025
- Open a new Bank of America Advantage Plus Banking account using promo code AFC300CIS to earn a $300 bonus
- Set up direct deposit of at least $2,000 per month within 90 days
- Receive the bonus within 60 days of satisfying the requirements
Must open the account with at least $100. The Bank of America Advantage Plus Banking account has a $12 monthly maintenance fee unless you have a minimum daily balance of $1,500 and/or direct deposit of at least $250, or are a Preferred Rewards member.
You must not have had an active Bank of America checking account in the last 12 months to qualify.
2. Bank of America Advantage Relationship Banking: $300 Bonus
Expires: 05/31/2025
- Open a new Bank of America Advantage Relationship Banking account using promo code AFC300CIS
- Set up direct deposit of $2,000 or more within 90 days of opening the account
- Receive your bonus within 60 days of meeting the stated requirements
Must open an Advantage Relationship Banking account with at least $100. The account has a $25 monthly fee if you don’t have an average daily balance of at least $20,000 or are a Preferred Rewards member.
You must not have an active Bank of America checking account for the last 12 months to qualify.
3. Bank of America Business Advantage Fundamentals™ Checking Account: $200 Bonus
Expires: 12/31/2025
- Open a new Bank of America Business Advantage Fundamentals™ checking account
- Deposit at least $5,000 in new money into your account within 30 days
- Keep an average balance of $5,000 for 31 – 90 days from account opening
- Receive your bonus 60 days after satisfying the requirements
The Bank of America Business Advantage Fundamentals™ account has a $16 monthly fee unless you have a $5,000 combined average balance in Bank of America accounts, spend $250 on your Bank of America business debit card, or become a Preferred Rewards for Business member.
Qualifying deposits must be ‘new money’ or money that didn’t come from another Bank of America account.
4. Bank of America Business Advantage Relationship Checking Account: $200 Bonus
Expires: 12/31/2025
- Open a new Bank of America Business Advantage Relationship checking account
- Fund the account with at least $5,000 in new money within 30 days
- Maintain a balance of $5,000 for 31 – 90 days from account opening
- Receive your bonus 60 days after satisfying the requirements
The Bank of America Business Advantage Relationship account has a $29.95 monthly fee unless you have a $15,000 combined average balance in Bank of America accounts or become a Preferred Rewards for Business member.
Qualifying deposits must be money from an account outside Bank of America.
5. Bank of America Credit Card Promotions
Bank of America offers several credit card promotions with easy-to-meet requirements.
Bank of America Customized Cash Rewards
Earn $200 in cash rewards for using your Bank of America Customized Cash Rewards credit card, and choose one category you’d like to earn 3% back on all purchases while earning 2% back on groceries up to $2,500 and 1% unlimited on everything else.
- Offer: $200 bonus cash reward when you open a new account and meet the requirements, plus get 0% APR for the first 15 billing cycles on purchases and balance transfers
- Requirements: Spend $1,000 within 90 days of opening the account
- Fee: No annual fee
Bank of America Unlimited Cash Rewards
Earn $200 cash rewards for using your Bank of America Unlimited Cash Rewards credit card and enjoy no limit to the cash back earned.
- Offer: $200 bonus cash reward when you open a new account and meet the requirements, plus get a 0% APR for the first 15 billing cycles on purchases and balance transfers
- Requirements: Spend $1,000 within 90 days of opening the account
- Fee: No annual fee
Bank of America Premium Rewards
Earn unlimited points that don’t expire, including two points for dining and travel and 1.5 points on everything else, while enjoying access to luxury hotel collections, concierge service, credits for TSA PreCheck® and Global Entry, and travel protection.
- Offer: Earn 60,000 bonus points, which equals $600
- Requirements: Spend $4,000 within 90 days of opening the account
- Fee: $95
Bank of America Premium Rewards Elite
Earn unlimited points that don’t expire, including two points for dining and travel and 1.5 points for all other purchases, while enjoying access to airport lounges, premier hotel amenities, and statement credits for TSA PreCheck® and Global Entry.
- Offer: Earn 75,000 bonus points, which equals $750
- Requirements: Spend $5,000 within 90 days of opening the account
- Fee: $550
Susan G. Komen® Customized Cash Rewards Credit Card
Support the fight against breast cancer and earn 3% cash back in a category you choose, 2% on groceries up to $2,500, and 1% back on everything else.
- Offer: Earn a $200 cash bonus reward
- Requirements: Spend at least $1,000 on your new card within 90 days
- Fee: None
Recently Expired Promotions
Bank of America SafeBalance Banking®: $300 Bonus
Expired
- Open a new Bank of America SafeBalance Banking® account using promo code MNB300CIS
- Initiate direct deposit of at least $2,000 within 90 days of opening the account
- Receive your bonus within 60 days of meeting the requirements
Must open the account with at least $25. The Bank of America SafeBalance Banking® account has a $4.95 monthly fee unless you are under 25, have an average daily balance of $500, or are a Preferred Rewards member.
If you’ve had a Bank of America checking account in the last 12 months, you will not qualify.
Compare Bank Of America Checking Account Promotions
| Account | Promotion | Expiration | How to Qualify |
| Advantage Plus Banking | $300 | 12/31/25 | Use offer code MNB300CIS when opening a new account; set up $2,000 in direct deposit |
| Advantage Relationship Banking | $300 | 12/31/25 | Use offer code MNB300CIS when opening a new account, and start direct deposit of at least $2,000 |
| SafeBalance Banking | $300 | 12/31/25 | Use offer code MNB300CIS to open a new account, and begin direct deposit of at least $2,000 |
| Business Advantage Fundamentals™ Banking | $200 | 12/31/25 | Open a new Business Advantage Fundamentals™account with at least $5,000 in new money and keep the balance for 60 days |
| Business Advantage Relationship Banking | $200 | 12/31/25 | Open a new Business Advantage Relationship account with $5,000+ in new money and keep the balance for at least 60 days |
Pros and Cons of Bank Of America Promotions
Bank account promotions are a great way to earn free money, but there are some pros and cons to consider.
Pros
- Qualifying requirements are easy to reach
- Most accounts have a low barrier to entry
- Fast payout
Cons
- All Bank of America checking accounts have fees (waivable)
- You’ll pay taxes on your earnings
Bank Of America Promotions: Tips
The Bank of America promotions can help you earn or save hundreds of dollars. Here are some tips to maximize your savings.
- Read the fine print: Be sure you understand the minimum requirements, whether it’s a specific bank balance you must keep or a minimum amount you must spend on a new credit card.
- Watch the timeline: Most rewards have a specific timeline. Make sure you follow the timeline and complete the requirements within them.
- Follow enrollment instructions: Most Bank of America promotions are online and only good through their webpage. If you navigate away from the site, you could lose the promotion.
- Check back often: Bank of America promotions change often, so check back frequently to see what other rewards you may earn.
About Bank Of America
Bank of America is the second-biggest bank in the US, surpassed only by JPMorgan Chase Bank. Their total asset value is well over 2 billion dollars.
Founded in 1904, they operate in over 35 different countries worldwide, offering both personal and business banking services.
To help customers get the most out of their banking, they offer bonuses and promotions for both types of customers that you can take advantage of today when opening a new bank account.
If you’re looking at opening a new Bank of America checking or savings account for personal or business use, then Bank of America is worth considering. They not only offer great bonuses and promotions, but their accounts have great benefits.
Frequently Asked Questions
What is a bank bonus?
Banks, like other businesses, depend on their customers to make money. To attract new customers, banks offer bonuses. The bonuses vary from bank to bank and even within the same bank monthly.
While free money always seems like a good idea, understanding the offer’s terms helps ensure you get the most out of it.
Are there things to look out for with Bank of America Promotions?
Bank bonuses and promotions are generally a good thing, but it does not mean we should try to take advantage of all of them. Read the fine print, consider the big picture, and choose the offers with terms and conditions you can meet that won’t cause financial issues.
For example, don’t apply for every credit card offer you find, or keep opening new bank accounts. Ensure you need the credit card or the bank account is FDIC-insured before accepting an offer. Also, ensure you can meet the requirements, and the work required to get it is worth it.
Who can earn a Bank of America promotion?
Bank of America makes it easy to earn a promotion when opening a new Bank of America account. To be eligible, you must be a new account holder, which means you haven’t had an active Bank of America checking account in the last 12 months.
You must also satisfy the requirements to earn the promotion, such as depositing a certain amount of money or keeping a specific balance.
Does Bank of America offer promotions for existing customers?
Bank promotions are almost always for new customers. However, there’s a loophole. If you are a Bank of America credit card holder but don’t have a checking account yet, you can qualify for the promotion or vice versa.
Is a Bank of America promotion worth it?
Most Bank of America promotions are worth it if you need a new bank account, have the minimum deposit or balance, or are in the market for a new credit card.
Don’t open a bank account or new credit card just to get the bonus if it will cause financial strain, though. Only open the accounts when they make sense, and enjoy the perk of the bonus.
Will you pay tax on a Bank of America bonus?
All bank promotions are taxable, just like the interest you earn on your bank accounts. You must claim the income on your taxes, and Bank of America will send the IRS a 1099-INT to show the bonus and any interest earned.
Is A Bank Of America Bonus Promotion For You?
If you’re looking to open a new personal checking account, a savings account, or even a business account, Bank of America has many offers to help you get started.
As always, take the time to shop around by looking at bonuses and promotions offered by other banks. This will help you ensure you get the best deal for you.
No comments yet. Add your own