Open a Bank of America checking account online and earn $75!

March 26, 2010 3 Comments »

Bank of America frequently offers checking account bonuses for signing up if you know where to find ‘em.

Within the last year they have offered $50 bonuses, $100 bonuses and even $150 bonuses. Scrolling through our archive of Bank Deals will help you compare Bank of America’s current offer with other checking account promotions available.

Bank of America Checking Account Promotion Details:

To receive a $75 checking account bonus follow this link and complete the following steps…

1) Open your new MyAccess Checking® account online with offer code CH75OL1

2) Fund your new account with $125 within 30 days

3) Receive your $75 within 90 days of account opening

Bank of America Checking Account Fees:

You’ll want to play close attention to the fee structure associated with the “My Access Checking Account” (or any Bank of America checking account for that matter). They’ve recently ramped up their fees in an attempt to find new revenue streams. The major point of contention echoed through the media after the initial release of these fees was that they were solely geared towards ‘low value clients’ aka those with limited assets being held at the bank. This is why you see the checking account fees only imposed if/when your account balance dips below a certain amount or if you don’t have any other account(s) held with the bank.

eBanking Account Fees$8.95/month when deposits aren’t made at Bank of America. This is Bank of America’s most basic checking account. If you have several BofA ATM’s near by in which you can make your cash withdrawals and deposits then you’ll probably be able to avoid any fees.

$75 BONUS with the My Access Checking Account Fees$12/month when average monthly balance of $1,500 isn’t kept OR a direct deposit of at least $250 isn’t made within that month.

Advantage Interest Checking Account Fees$25/month when assets totaling $15,000 aren’t kept in linking accounts or when an average daily balance of $10,000 isn’t sitting in this account. In our opinion this is a worthless Bank of America checking account. It’s rates are pathetic and it’s requirements are too strict. In a better rate environment then perhaps this would be worth a second look. If you’re after a Bank of America savings account try their “Keep the Change” product.

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  • Sam

    You can also open this account at a local branch or by phone.

  • Phil

    The BofA deal requires that you have either direct deposit set up or keep a minimum of $1500 in your account in order to avoid paying a monthly fee. See fine print.

    This also appears to be ONLY FOR EXISTING BOFA CREDIT CARD HOLDERS. This is a shoddy posting, as this deal is now not worth it to me.

  • jman

    it’s for existing BOFA credit card holders ONLY