Bank Of America Business Advantage Checking – This bonus has expired and is no longer valid. Click here to see the best business checking bonuses.
There is no direct connection to this offer that we know of; Reader Matt was given this by Bank of America’s small business banker. Check with your local branch to see if it’s available to you, and you’ll need to speak to a small business banker to check. The offer code for this offer is: BBR7OFF, which can help the banker to find as there are many offer codes that are always displayed in their system.
Bank Of America Business Advantage Checking
A Business Advantage checking account comes with a monthly fee of $29.95 per month, but this fee is waived for the first three months. To keep it free after this initial period you must do one of the following:
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You’ll be able to lower the basic check at some point, with simple requirements: $250 in credit card spending or a $5,000 balance. It’s worth waiting for bonus posts to arrive before downgrading – judging by previous comments, it could take about 5-6 months.
A more standard business checking bonus from BofA is $200 (recently expired, hopefully it will be renewed soon). We saw a similar $2,000 bonus from BofA in 2015. The downside of this offer compared to the 2015 offer is that it requires a $50,000 fund deposit.
Of the four supported accounts, credit card is the easiest (BofA Business Credit Card Options here). By opening a business checking and business credit card, you’ll receive an attractive $1,000 bonus as long as you deposit $50,000 and spend $2,000 on credit cards. It’s at the top of the sign-up bonuses for credit cards:
Make sure your credit card is linked to a checking account as many readers are reporting having this issue lately. Linking is required to both claim the bonus and waive the monthly checking account fee. Note that it took 5-6 months to get the bonus last time (despite the 90 day terms) which adds to the difficulty of trying to keep the account fee free for that entire period.
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+ In addition to checking cards, several other accounts may also be possible. I’m assuming an overdraft line of credit would qualify for the ‘line of credit’ option and would be a fee-free way to net another $500. The ‘Trade Services’ option requires a $10,000 down payment, so it won’t be easy or free, but it’s possible. A ‘term loan’ option may come with fees and interest on the loan. All hard pulls are likely to merge into one for any product you open at once.
The $2,500 bonus is great, but the $50,000 deposit requirement makes it more difficult. My best guess is that you could get a total of $50k in the account within 90 days and it would work, even if it wasn’t all in the account at once. e.g. You can deposit a $10k check or ACH payment or direct deposit, then withdraw/use those funds, deposit another $10k the following week, then withdraw/use those funds until you reach $50k and so on.
If you have experience with this bonus, please share in the comments. We are adding this bonus to our list of best business checking bonuses. Sorry, this deal is no longer available. Want to be alerted about new deals when they’re published? Click here to subscribe to Miller’s frequent instant posts via email.
Bank of America is running what appears to be a targeted promotion for new business checking accounts offering up to a $750 bonus with very simple requirements. Although this deal has been around since June, it just arrived on my wife’s account in the last few days and is only valid through 9/30/21.
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What’s great about this checking account bonus is that it’s so easy: deposit within 15 days of opening the account, leave it there for 60 days, collect a nice bonus, and even earn Bank of America Preferred Rewards Gold status (which is great. It due to waiver of monthly fee without meeting any requirements).
The offer appears to be targeted based on terms, and I’ve seen multiple data points of people receiving bonuses despite not being targeted. YMMV – Obviously if you don’t aim there’s a chance you won’t get respect.
I did this bonus last year, deposited $20K for 60 days and quickly got my $500 bonus (see my 2020 bank bonus post for more info on the bonus I did last year). This time, my wife will be happy to open an account and get an easy bonus (we often go around our emergency fund for new bonuses like this). I love that this year they’re adding Preferred Rewards to Business Gold Tier benefits, which means a 25% bonus on business credit card earnings. A Business Cash Rewards card will be better with Platinum Owner status, but even at the Gold level you’ll get a 3.75% card in gas stations (default), office supply stores, travel, TV/Telecom and wireless categories. , computer services or business consulting services (up to $50K per calendar year). I’m not sure it’s a high priority for us right now given all the great bonuses on the market, but since the Preferred Rewards Gold trial is good for 12 months, it might come in handy at some point during that time. At the very least, 12 months of Gold Tier benefits means no monthly maintenance fees (which can be avoided with minimum regular balances, deposits or debit card activity, but something to worry about with Gold status).
Remember that you have to deposit money within 15 days of opening the account by September 30. We’ve seen this offer come up a few times before, so there’s definitely an opportunity to extend it or target a new group in the coming weeks.
Bank Of America Business Checking Accounts Review
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We list the best current credit card bonuses and this page provides further instructions on how they all work.
Our resources page contains a collection of our most useful complete guides and posts. Here are some comprehensive guides to get you started… Bank of America, a financial institution headquartered in Charlotte, North Carolina, serves everyone from individuals to large corporations worldwide, including Europe, the Middle East, Latin America and Asia Pacific. The regions are It is one of the largest multinational banks, the tenth largest in the world and the second largest in the United States.
Bank Of America Launches Relationship Rewards Program For Business Checking And Credit Card Customers
Bank of America offers standard banking options including checking and savings accounts, certificates of deposit, credit cards, money market and CD IRAs. It also offers equity trading, insurance, mortgage lending and private equity, along with asset, risk, investment and asset management.
For customers looking to reach milestones with their banking institution, Bank of America can also assist with home purchases, college tuition and retirement planning.
With Bank of America, you can request your statement online with a mailed printout or a paperless digital copy. To order your Bank of America statement online, you must log in to your online banking account and go to the Statements & Documents tab under your Account tab.
From there, you’ll need to visit the claim statement page, where you can enter your information and receive the statement by email, usually within one business day. You can access statements for the coming weeks.
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If you want a hard copy of your statement, you can request a copy by mail online. Because Bank of America keeps statements for up to seven years, a print document can give you more access to statement information than a one-day digital request. Once you reach the request page, you will need to click on the “Order Copy of Statement” option. After that, you can expect the statement to arrive within two weeks of the order. Of course, if the link doesn’t work for you, you can schedule an appointment with a Bank of America representative to discuss your statement needs in person. If you’re on the Galaxy Fold, consider opening your phone or viewing it in full screen. To optimize your experience.
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