Looking for an easy way to earn extra cash? Right now, Bank of America is offering a $300 bonus when you open a new eligible checking account and complete a few simple steps. This Bank of America $300 Checking Account Bonus offer expires on May 31, 2025, so don’t wait too long if you’re interested!
How the Bank of America $300 Bonus Works
Bank of America is offering this promotion to new customers who open an Advantage Banking checking account. This includes:
- Advantage SafeBalance Banking®
- Advantage Plus Banking®
- Advantage Relationship Banking®
To qualify, you’ll need to complete the following:
1. Open a New Account
Open an eligible checking account through the Bank of America promotional offer page. Make sure you either apply through a targeted offer or enter a promotion code if you received one.
2. Set Up and Receive Direct Deposits
Within 90 days of opening your account, receive qualifying direct deposits totaling $4,000 or more.
Eligible direct deposits typically include:
- Paychecks
- Government benefits (like Social Security)
- Pension payments
Note: Transfers from apps like Venmo, PayPal, or Zelle usually do not count as qualifying direct deposits.
3. Get Your $300 Bonus
Once you meet the deposit requirement, Bank of America will automatically deposit the $300 bonus into your account — usually within 60 days.
Important Details to Know
- Monthly Fees: Some Advantage Banking accounts have monthly maintenance fees, but you can often avoid them by maintaining a minimum daily balance, setting up direct deposit, or meeting student status requirements.
- Offer Eligibility: You typically must be a new customer. If you’ve had a Bank of America personal checking account in the past 12 months, you may not qualify.
- Taxes: Bonuses like these are considered interest and may be reported to the IRS.
Why Consider This Offer?
The Bank of America $300 checking bonus is one of the more accessible bank promotions available right now, especially if you already have regular direct deposits. Plus, Bank of America has one of the largest ATM and branch networks in the country, making it a practical choice if you want wide access to your money.
Final Thoughts
If you can meet the direct deposit requirement, the Bank of America $300 checking bonus is a simple way to earn extra cash. Just be sure to open your account before May 31, 2025, to take advantage of this limited-time offer and double-check that you can meet the deposit requirement to earn the full bonus without any issues!
