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Up to $500Bank of America's offer, as shown on Bank of America's own site (Oct 8, 2026)Bank of America: $100, $300 or $500 depending on your direct deposits — through January 31, 2027
Open a Bank of America Advantage checking account and receive qualifying direct deposits within 90 days — the total you receive sets the bonus, up to $500.
Our take
The $500 tier needs $10,000 in paychecks in 90 days, which is about two months of a $60k salary — doable if you move your whole direct deposit. If you can't get there, the $100 and $300 tiers still pay for a 20-minute signup. Pick Advantage Plus; the fee waiver is the easiest of the three.
What you have to do
- Open a new Advantage SafeBalance, Advantage Plus or Advantage Relationship checking account through the offer page by January 31, 2027
- New checking customers only: no Bank of America personal checking account owned or co-owned in the last 12 months
- Receive Qualifying Direct Deposits within 90 days of opening; the total sets the bonus: $2,000–$4,999 → $100, $5,000–$9,999 → $300, $10,000+ → $500
- Bonus deposited within 60 days after the 90-day deposit period ends
Fees to avoid
$4.95 (SafeBalance), $12 (Advantage Plus) or $25 (Relationship) monthly, each waivable with direct deposit or a minimum balance.
Verified: Bank of America's checking offer page, Oct 8, 2026: “New checking customers earn up to $500. … Open a new eligible checking account through this offer page by January 31, 2027. … Set up and receive Qualifying Direct Deposits into your new account within 90 days of account opening … $2,000 – $4,999: $100; $5,000 – $9,999: $300; $10,000 or more: $500. … we will attempt to deposit the earned bonus … within sixty (60) days. … Offer is limited to individuals who have not owned or co-owned a Bank of America personal checking account within the last twelve (12) months.” Source: promotions.bankofamerica.com. Offers change; the bank's page is final.
Advertiser & referral disclosure: StackTheDeal may receive a referral bonus or commission when you apply for a card or open an account through links on this page. That never changes which offers we post or what we say about them. Offer terms are as shown on the issuer's own page on the date checked; the issuer's page is final, and offers can change or end without notice. We are not a bank or lender and do not make credit decisions. How we make money.
Common questions
Which of the three accounts should I pick?
Advantage Plus for most people: $12 a month or $0 with direct deposit or a minimum balance. SafeBalance has no paper checks and a $4.95 fee ($0 under 25); Relationship is $25 unless you keep larger balances. All three qualify for the same bonus.
Answered by StackTheDealIs the bonus based on all my deposits combined?
Yes. Bank of America adds up every Qualifying Direct Deposit received in the first 90 days and pays the tier you reached: $2,000 earns $100, $5,000 earns $300, $10,000 earns $500.
Answered by StackTheDealWhat counts as a Qualifying Direct Deposit?
Regular monthly income like salary, pension or Social Security sent by your employer or payer to your account and routing numbers. Transfers from another bank, wires, Zelle, ATM and mobile deposits are specifically excluded.
Answered by StackTheDealI closed a Bank of America checking account last year. Eligible?
Only if it's been 12 months. The offer excludes anyone who owned or co-owned a Bank of America personal checking account in the last 12 months. Credit cards and savings don't count against you.
Answered by StackTheDealWhen is it paid, and can I close after?
Within 60 days after the 90-day deposit period ends, so about 5 months after opening at the latest. The account must be open and in good standing when it's paid; after that there's no stated clawback, but keeping it 6 months is the safe habit.
Answered by StackTheDealTaxable? Credit pull?
Taxable, reported on a 1099. Opening is a soft pull with no credit score impact.
Answered by StackTheDeal
Questions about this offer?
💬 Ask us and we'll check it for you: message us on WhatsApp or email stackthedeal@gmail.com. Found it cheaper? Tell us and we'll update the post.