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Bank of America’s business checking accounts have few attractive sign-up bonus offers, and when they do they are usually targeted to specific customers. I have had BofA personal checking for over a decade and various of their business credit cards. I’ve received numerous targeted business checking offers that have no sign-up bonus. I’ve yet to receive one that has a sign-up bonus.
Now through May 31, 2024, we have a $1,000-$1,500 offer available via small business bankers in-branch. I am unaware of any public online application link. Bankers are able to take applications over the phone rather than in-person, through a verification process.
Some BofA small business bankers tell customers they do not have access to certain offers. We see those reports with the regular $500 small business credit card branch offers. I am unsure if it is geography or other reasons such as unwillingness to open small accounts that have a rather involved application process. Interested applicants can contact me for an introduction to my national banker if they do not currently have a BofA small business relationship (disclaimer: I do not receive any compensation for a referral).
Bonus Offers:
Eligible accounts: Business Advantage Relationship Banking or Business Advantage Fundamentals Banking.
Bonus:
- $1,000 for depositing $20,000 in new money within 30 days of account opening and maintaining that amounts as average balance from calendar day 31 from account opening to day 90
- $1,500 for depositing $50,000 in new money within 30 days of account opening and maintaining that amounts as average balance from calendar day 31 from account opening to day 90
Account fees:
Update on monthly fees: anyone that deposits at least $20,000 in the new account in the first 30 days will be eligible for the banker to do an ‘early enrollment’ into the Preferred Rewards program. That enrollment will lock you in for 12 months of Preferred Rewards and no monthly maintenance fee, even if the balances drop below the Preferred Rewards threshold during the year. If, at the end of the year, you wish to extend Preferred Rewards status, then you again need to meet the criteria to do so.
Consult the various account views and waiver options on the BofA business checking page, summarized here:
My Take:
The bonus I’ve waited for a decade. Would be nice if BofA made their monthly fee waiver requirements more in line with competitors (see post update on using Preferred Rewards ‘early enrollment’ to achieve 12 months of fee waivers).
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I’d like an intro to your banker please. Thank you!
@Gerard – banker will contact you.
Hey Stefan could you connect me with your banker? Thank you.
@Jeremy – banker will contact you.
Hello – please have your banker contact me 🙂
@Daniel Colina – banker will contact you.
Please have your banker contact me.
@Sam – banker will contact you.
Please have them contact me
@George – banker will contact you.
Hey Stefan, can you have your banker contact me? I appreciate it!
@Nick – banker will contact you.
My wife is interested. Could you have your banker contact me? Thank you!
@Ken – banker will contact you.
Interested. Could you have your banker contact me? Thanks!
@Eva – banker will contact you.
Could you have your banker contact me.
@Stephen – banker will contact you.
Hell Stephen, If you could connect me with your banker for this bonus offer/referral, I’d really appreciate it.
@Zyro – banker will contact you.
Hi Stefan, please refer me to your banker if the offer is still available. Really appreciate it!
@Drew A – banker will contact you.
Hi Stephen, It seems my previous comment got deleted for some reason. I really appreciate your content! If you could connect me with your banker, I’d really appreciate it.Thanks!
@Albert – wasn’t deleted, was in the moderation queue since you are a first-time commenter and I was away for a few days.
I’d really appreciate a referral please. Thank you!!
@Albert – banker will contact you.
Hello Stephen. Can I get an offer from a banker? Thank you.
@Michael – ditto.
Would like a banker referal. Thaks
@Kimberly – banker will contact you.
Hello Stephen. I’d like an offer from a banker! Thank you.
@Michael – banker will contact you.
Hello Stephen. I’d like an offer from a banker! Thank you.
@Luke – banker will contact you.
Still possible to be connected to a banker?
@Drew – yes.
Hey Stefen would love a referral also. Thanks much!
@Drew – banker will contact you.
Hello. I’d like an offer from a banker. Thank you.
@Kevin – banker will contact you.
Hi. Can I get an offer from a banker please? Thank you
@Yana – ditto.
Hi Stefan, could you also refer a banker to me? It’d be greatly appreciated! (Feel free to delete this comment if it’s a duplicate)
@Julian Lee – banker will contact you.
Hi. Can I get offer from a banker? Thank you
@Yana – banker will contact you.
Stefan, would love to get the banker to contact me. Thank you!
@Yev – banker will contact you.
Hi Stefan, do you mind referring me to your banker as well? Thank you!
@Julian – banker will contact you.
Hi Stefan, I’m also interested in a banker referral. Thank you!
@Andrew – banker will contact you.
Hi Stefan, I would love to get the offer from your banker.
Thanks
@SaveMeSF – banker will contact you.
Hiyo, could I also get an offer from a banker? Thank you!
@Louis – ditto.
Hi Stefan,
Could you refer a banker to me? Thank you
@Louis – banker will contact you.
Hey, am I able to get an offer from a banker? Thanks!
@Sush – banker will contact you.
Did this get extended until Jul 31, or not for the banker offer?
@Josh – the offer is back 7/1/24 – 12/31/24 with the same terms for the $1,000 and $1,500 bonus levels, respectively, plus an additionl $3,000 level for $500,000 deposit. Connecting you with the banker.
Hi Stefan,
Could you please refer me to your banker as well? Thank you!
@Frank – the offer is back 7/1/24 – 12/31/24 with the same terms for the $1,000 and $1,500 bonus levels, respectively, plus an additionl $3,000 level for $500,000 deposit. Connecting you with the banker.
Thank you very much!
Stefan, can you connect me to that banker? Thanks.
@jame I – the offer is back 7/1/24 – 12/31/24 with the same terms for the $1,000 and $1,500 bonus levels, respectively, plus an additionl $3,000 level for $500,000 deposit. Connecting you with the banker.
Hi Stefan,
Can you please refer me to your banker? Thank you
@Teddy – the offer is back 7/1/24 – 12/31/24 with the same terms for the $1,000 and $1,500 bonus levels, respectively, plus an additionl $3,000 level for $500,000 deposit. Connecting you with the banker.
Hi Stefan, thanks for sharing! Could I get a referral to your banker contact as well?
@Sherry – banker will contact you, I am not sure it can get done in time, will try.
Hello Stefan, could you please refer me to your banker? Thank you very much!
@Miles – banker will contact you, I am not sure it can get done in time, will try.
Hello Stefan, could you please refer me to your banker? Thank you!
@Moshe – banker will contact you.
Hi Stefan! Could I get a referral to your banker contact as well?
@Eric – ditto.
Thanks for sharing, please let the banker contact me, thank you
@Eric – banker will contact you.
So in order to get this offer I would need to contact your banker? If so Can you let me know how this works?
@Jacob – – banker will contact you to the email you included in the comment submission form.
Hi Stefan, my comment got deleted as well, If you could, please email me the referral of your banker. Thank you so much.
@Snow – ditto.
Hi Stefan, could you please refer me to your banker as well? Much appreciated!
@Snow – banker will contact you.
Hello, my first comment from yesterday got deleted, probably because I am a new reader. If you could, please email me the referral of your banker. Thank you so much.
@Nan – banker will contact you.
Hello Stefan, please refer me to your banker if you could? Thank you so much!
@Nin – banker will contact you.
Finally found a website with info!
@Nin – ditto.
Hi Stefan – would appreciate if you can refer me to your banker. Thanks a lot in advance!
@Peter – banker will contact you.
Hi Stefan, could you please refer me to your banker as well? Much appreciated.
@Ada – ditto.
Hi Stefan! Could I get a referral to you banker contact? Appreciate your help!
@Yvonne Lee – banker will contact you.
Hi Stefan! Could I get a referral to your banker contact as well?
@Brian – banker will contact you.
Hi Stefan, could you please refer me to your banker as well? Much thanks.
@Ada – ditto.