Does Bank of America have bonuses? Bank of America bonus promotions

If you can meet a few requirements, you can create a new Business Advantage checking account. With the help of Bank of America, it is becoming possible, and the bank is also giving you an incentive of $200.

Small company owners have the great opportunity to get the best benefits from this offer while managing their money with a reliable banking partner. Learn more below!

Bank of America

Bank of America provides different banking, investing, and financial products. These products help people, companies, and small businesses. Besides, it is known for providing banking, asset management, and wealth planning services to customers in the US. It also covers more than 35 other countries.

Bank of America is also prominent for emphasizing digital innovation. It provides practical services, including mobile applications, internet banking, and professional customer care. This bank invests in sustainable projects and promotes community development through generous partnerships and programs. Hence, the bank is dedicated to ESG efforts.

Bonus Offer of Bank of America Business Advantage Checking

Get an insight into the Bank of America Business Advantage Checking Bonus Offer. The following information will guide you the best:

  • The Bank of America promotional page is the only way to access the $200 bonus offer. It is exclusively available online.
  • New and qualified business checking customers are eligible for the program.
  • December 31, 2024, is the last date.
  • To become eligible, deposit $5,000 or more in New Money*. It needs to be added within thirty (30) days of creating a new, qualified Bank of America Business Advantage Banking account,
  • Throughout the Maintenance Period**, ensure that you are maintaining an average balance of $5,000 in the new Business Advantage Banking account.
  • Bank of America will try to pay the incentive within 60 days when all conditions are satisfied.
  • There are further terms and conditions. For additional information, visit the offer page.
  • *New Money refers to new funds that are deposited into your business checking account. These aren’t transferred from Merrill investment accounts or other Bank of America deposit accounts.
  • ** The Maintenance Period lasts from thirty-one (31) to ninety (90) calendar days post-opening the account.
  • Bank of America, NA. FDIC Member

How To Avoid The Monthly Fee

The below information can help you avoid the monthly fee. If you take care of them, you can save smartly.

  • Foundations of Business Advantageā„¢ Banking:
    • Monthly Cost: $16 or $0. The first 12 statement cycles are free of charge, which is fantastic news.
    • Each statement cycle, fulfil one of the following requirements to avoid the monthly fee:
      • Keep your monthly average balance at $5,000.
      • Make new net-eligible purchases costing at least $250 using your Bank of America business debit card.
        • When you make at least $500 in new net-eligible transactions with your Bank of America business debit card, you can avoid the monthly fee as of November 1, 2024.
  • Business Advantage Relationship Banking:
    • Do any of the following to avoid paying the $29.95 fee:
      • Keep your combined average monthly balance at $15,000.
      • Join the Preferred Rewards for Business program.

Additional Terms

There are also some extra conditions that need to be considered. The following are the additional terms that can be helpful for you:

  • This offer is only offered to applicants who register for a new account online. It is only meant for new customers. You are not eligible for the offer if you have owned or signed up in the last 12 months for a Bank of America Business Advantage checking account.
  • No matter how many businesses the client owns or runs, they will only receive one bonus ($200) per business customer.
  • This deal is not available to Bank of America employees.
  • Within 60 days, Bank of America will try to pay the bonus.
  • Before this date, Bank of America has the right to modify or end this offer at any moment without prior notice.
  • It is forbidden to copy, buy, sell, transfer, or exchange this offer.
  • There are further terms and conditions.

Conclusion

The Advantage of Bank of America for Business owners has a great chance to improve their finances. It offers a handy cash incentive by taking advantage of checking cash bonus offers. Businesses may take advantage of Bank of America’s extensive range of business banking services and receive a significant bonus. It is possible by fulfilling the qualifying conditions.

This deal offers tools to improve development potential and optimize operations. Thus, companies get help managing cash flow. So, take advantage of this limited-time offer as soon as possible. It can be the perfect method to strengthen your financial base. Put your company on a path to greater success.