$750 Bank Of America Business Checking Bonus
There is a new Bank of America business checking bonus out there that may be of interest to you all. It is interesting not only because of the cash offer, which is nice at up to $750, but because of what it can unlock. For quite some time Bank of America has liked to do business with people that have a deposit account with them, especially in the business credit card sector. Getting one of these checking accounts set up could pay dividends in multiples above and beyond the cash offer, because of what else it unlocks. 1/21/26 Update: It looks like this offer is back and better than ever.
Bank Of America Business Checking Bonus Offer Details
You can earn a bonus by opening a new Bank of America business checking account and doing the following:
- Deposit $5,000 or more of new money (not at Bank of America) within the first 30 days from account opening.
- $5000+ earns a $400 bonus
- $15,000+ earns a $750 bonus
- Maintain an average balance of $5,000 (or $15,000) for the next 60 days (days 31-90).
- Offer ends December 31, 2026.
Offer Terms
Here are the terms for the offer:
- Offer is available only to applicants who apply for a new account online only and is intended for new customers only
- you are not eligible for this offer if you were an owner or signer on a Bank of America Business Advantage checking account within the last twelve (12) months.
- Only one bonus per business customer, regardless of the number of businesses owned or operated by the customer.
- Bank of America employees are not eligible for this offer.
- Offer expires 12/31/26 (unless they pull it early again)
Checking Account Fees
The business checking account comes with a $16 a month fee but that can be avoided by doing one of the following:
- **If you are a smaller company the fee is waived for the first 12 months.
- Maintain a $5,000 combined average balance (or)
- Spend at least $250 in new net purchases on your business debit card (or)
- Become a member of Preferred Rewards for Business – (first 4 checking accounts per enrolled business)
Link To Offer
Why This Business Checking Offer Is Better Than Just The Bonus
Bank of America isn't talked about as much as Chase, Amex or Citi but it has a few decent card offerings, especially for Alaska Airlines fans. That is also true for their business cards, which is especially interesting for people looking get under, or stay under, Chase 5/24. Their offerings can open up a new bank to dip your toes in with.
One thing that Bank of America prefers is that their credit card applicants have a deposit account at the bank with them. Maybe it is because their business card payment system is so terrible? I kid, kind of. Whatever their (likely more logical) reasons are, they are much more likely to approve you for a card if you are a banking member. Our very own Ben Gold recently was denied for one of their business cards and one of the main reasons they denied him was because he didn't have a deposit account with them.
Bank of America also has under the radar rules surrounding having a checking account with them. It is believed they allow you to have more new accounts with outside banks over the last 12 months before slapping down a denial. The number floated out there is that it goes from 3 cards over the last 12 months up to 7 cards with outside banks over the last 12 months for checking account holders. One thing we do know for sure though, approval is much easier once you have a checking account and park a little money in there for a few months before applying.
$750 Bank Of America Business Checking Bonus: ToP Thoughts
While the Bank of America Business Checking bonus is now pretty competitive at $750, it isn't the only thing to consider. You need to also consider what it opens up further on down the road. Having a deposit account with BOA makes them more likely to approve you for their credit cards, especially their business credit cards. This is what we call playing the long game people! Best to get it up and running, with some history, if you plan on diving into this watering hole in the future. Let me know if you plan on grabbing this in the Facebook Group.
