BofA Business Checking $1,000-$1,500 Bonus

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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:

BofA business checking bonus 2024 Q2

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:

BofA compare business checking accounts

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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176 Comments
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Sherry
Sherry
21 days ago

Hi Stefan, thanks for sharing! Could I get a referral to your banker contact as well?

Miles
Miles
21 days ago

Hello Stefan, could you please refer me to your banker? Thank you very much!

Moshe
Moshe
28 days ago

Hello Stefan, could you please refer me to your banker? Thank you!

Eric
Eric
29 days ago

Hi Stefan! Could I get a referral to your banker contact as well?

Eric
Eric
30 days ago

Thanks for sharing, please let the banker contact me, thank you

Jacob
Jacob
30 days ago

So in order to get this offer I would need to contact your banker? If so Can you let me know how this works?

Snow
Snow
30 days ago

Hi Stefan, my comment got deleted as well, If you could, please email me the referral of your banker. Thank you so much.

Snow
Snow
30 days ago

Hi Stefan, could you please refer me to your banker as well? Much appreciated!

Nan
Nan
1 month ago

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.

Nin
Nin
1 month ago

Hello Stefan, please refer me to your banker if you could? Thank you so much!

Nin
Nin
1 month ago

Finally found a website with info!

Peter
Peter
1 month ago

Hi Stefan – would appreciate if you can refer me to your banker. Thanks a lot in advance!

Ada
Ada
1 month ago

Hi Stefan, could you please refer me to your banker as well? Much appreciated.

Yvonne Lee
Yvonne Lee
1 month ago

Hi Stefan! Could I get a referral to you banker contact? Appreciate your help!

Brian
Brian
1 month ago

Hi Stefan! Could I get a referral to your banker contact as well?

Last edited 1 month ago by Brian
Ada
Ada
1 month ago

Hi Stefan, could you please refer me to your banker as well? Much thanks.

Ada
Ada
1 month ago

Hi Stefan, could you please refer me to your banker as well?Thanks so much.

Ale MMM
Ale MMM
1 month ago

Hi Stefan, could you please refer me to your banker? Much appreciated!
My Zip 65201

Vince
Vince
1 month ago

Hi Stefan, could you refer me to your banker as well please?

Jun
Jun
1 month ago

Hi Stefan. Awesome content. Could you please connect me with your banker? Thank you so much!

Yuchi
Yuchi
1 month ago

Hey Stephen, could you please refer me to your banker as well?

Tommy N
Tommy N
1 month ago

Hi Stefan, I am interested in this offer, can you connect me to the banker please. Thanks.

felix
felix
1 month ago

Hi Stefan, could you please refer me to your banker? Much appreciated!

aggie
aggie
1 month ago

Would love to be contacted with your banker connection as well. Thank you!

Chris taylor
Chris taylor
1 month ago

Would love a connection to the business banker as well!

Henry
Henry
1 month ago

Hi Stefan! Could I get a referral to you banker contact as well? Rly appreciate your help.

Henry
Henry
1 month ago
Reply to  Henry

sorry i double-posted! i thought i forgot to click post haha…trying to figure out how to delete

Henry
Henry
1 month ago

Hi Stefan! Can you refer me to your banker as well? Thank you so much for taking the time to help so many of us. Bank of America’s suite of business cards seems like a great fit for my business with the Preferred Rewards boosts, so I’d love to kick off the relationship with this promo.

Last edited 1 month ago by Henry
Eddie
Eddie
1 month ago

would like to get in contact with the banker please. not sure if my other comment sent

Bob
Bob
1 month ago

Hello Stefan, I would also appreciate if your banker could reach out to me. TIA

Eddie
Eddie
1 month ago

id like the banker to contact as well, been eyeing my bank of america app for weeks but never got targeted. much appreciated

Jcc
Jcc
1 month ago

Please connect me with your banker, local branch can’t find this offer.

Thank you.

Jcc
Jcc
1 month ago

Please have your banker contact me as well, interested in this offer.
Thanks.

Mike
Mike
1 month ago

Would like to connect with your banker as well. Thank you!

Gotham
Gotham
1 month ago

I would also like an intro to a banker please, thank you

Sujan
Sujan
1 month ago

I would like an intro with a banker please

Gotham
Gotham
1 month ago

Can you please connect me with a banker?

Sujan
Sujan
1 month ago

Thank you Stefan.

YYY
YYY
1 month ago

Hi, I am also interested in the offer, do I need to go to nearest branch and ask the banker about the offer?

DSP
DSP
1 month ago

I would like to connect with your banker if possible.
Thanks in advance!

Joe
Joe
1 month ago

I would like an introduction to your banker, please.

Eric
Eric
1 month ago

I would like an intro with a banker, please.

Vivek
Vivek
1 month ago

Hello – I would like an introduction to your banker, thanks!

Happychurn
Happychurn
1 month ago

Hello I am interested in hearing from a banker!

Conner Broyles
Conner Broyles
1 month ago

Hello I would like to be contacted by your business banker!

Jonathan
Jonathan
1 month ago

Could you please have your banker contact me?

Renata
Renata
2 months ago

I would like an intro with a banker, please.

Matt
Matt
2 months ago

Please, I also would like to be introduced to you banker.
Thank you so much.

Ren
Ren
2 months ago

I would like on introduction to your banker please.
Thank you

Gea
Gea
2 months ago

Do I need to unfreeze my 3 credit reports? Banker told me to unfreeze them.

Hanna
Hanna
2 months ago

I would like an introduction to your banker, thank you!

Hanna
Hanna
2 months ago

I’d like an intro for this promo with your banker.

Last edited 2 months ago by Hanna