If you’re on the lookout for a banking deal that feels like free money, you’ve probably stumbled upon the Bank of America open bonus. Whether you’re switching banks, opening your first account, or just trying to earn a little extra with your everyday banking, the Bank of America new account bonus might be your golden ticket. These bonuses are usually offered when you open a Bank of America checking account or Bank of America business account and meet specific conditions like setting up direct deposit or maintaining a minimum balance. With limited-time promotions that change frequently, knowing when and how to jump in is key. In this article, we’ll cover Bank of America bonus offers, who qualifies, how to apply the promo code, and what to expect once your account is up and running. From personal to business banking, this is your one-stop-shop for unlocking that bonus and banking smarter in 2025.
What Is the Bank of America Open Bonus?
The Bank of America open bonus is a promotional offer designed to attract new customers. It typically rewards you with a cash bonus when you open a new eligible checking or business account and fulfill specific requirements within a set time frame.
Common Bonus Offers Include:
- $100–$300 for personal checking accounts
- $200–$750 for small business accounts
These numbers can vary based on promotional periods and your region, so checking the current Bank of America bonus 2025 offer is a smart move.
Eligible Bank Accounts for Bonuses
Not all accounts qualify, so here’s what typically works:
Personal Checking:
- Bank of America Advantage SafeBalance Banking®
- Bank of America Advantage Plus Banking®
- Bank of America Advantage Relationship Banking®
Business Accounts:
- Business Advantage Fundamentals™ Banking
- Business Advantage Relationship Banking
Each of these comes with different features and monthly fees, but all may qualify for promotional bonuses during special campaigns.
Requirements to Qualify for the Bonus
To snag the bonus, you usually need to:
- Open a new, eligible account online or with a promo code.
- Receive direct deposits totaling a minimum amount (often $1,000 to $5,000) within 90 days.
- Maintain the account in good standing for a set period—no overdrafts or closures too soon.
Note: The specific terms vary from one offer to another, so always read the fine print!
Promo Codes: Where to Find Them
Promo codes are often required to unlock the bonus. Here’s where you can look:
- Bank of America’s official promotions page
- Partner sites like NerdWallet, The Points Guy, or Bankrate
- Mailers or emails sent to targeted customers
Be sure to enter your Bank of America promo code at the time of account setup, or the bonus may not apply.
Timeline: When to Expect Your Bonus
After fulfilling all requirements:
- Personal bonuses typically post within 60 days
- Business account bonuses can take up to 90 days
Keep your account open and active during this time to avoid disqualification.
Common Mistakes to Avoid
- Missing the deadline for setting up direct deposit
- Failing to enter the promo code
- Closing the account too early
- Opening an account if you’ve had one recently (you may not be considered a “new” customer)
Bank of America bonuses usually apply to new clients only, meaning you haven’t had an account in the past 12 months.
Is the Bank of America Open Bonus Worth It?
If you already plan to switch banks or open a new account, yes—it’s totally worth it. Just make sure the account fits your needs and that you’re able to meet the bonus conditions without going out of your way.
How to Open an Account Online
- Visit Bank of America’s official website.
- Select the account type you want (personal or business).
- Check for active promotions or enter your promo code.
- Fill in your details and fund the account.
- Set up direct deposit ASAP.
Final Thoughts
The Bank of America open bonus is a solid way to earn extra cash just by doing your usual banking. As long as you’re strategic, read the fine print, and follow the steps, the reward is easy money. Whether it’s $100 or $750, a bonus is a bonus—and that’s money in your pocket for things you were going to do anyway.
FAQs
Q: Does Bank of America still offer new account bonuses?
A: Yes, but the offers vary by time, region, and account type. Always check the official website or partner sites for the latest deals.
Q: Do I need a promo code for the Bank of America open bonus?
A: Usually yes. Without a valid code, you might miss out on the reward.
Q: How long does it take to get the bonus?
A: Typically 60–90 days after meeting the requirements.