Are you looking to earn a $300 bonus while managing your finances with a trusted bank? Bank of America is offering a $300 checking account bonus for new customers who open a personal checking account and meet specific requirements. This offer is available through May 31, 2025, and can be a great opportunity for those who want to boost their savings while benefiting from the features of a convenient checking account.
In this article, we’ll walk you through the steps to earn the $300 Bank of America checking account bonus, the terms and conditions you need to be aware of, and how to maximize this promotional offer.
How to Earn the $300 Bank of America Checking Account Bonus
Earning the $300 bonus from Bank of America is simple, but there are a few steps and requirements involved. Here’s what you need to do:
1. Open a New Bank of America Personal Checking Account
To qualify for the bonus, you need to open a new personal checking account with Bank of America. This can be done easily online or by visiting a local branch. Choose from any of the eligible checking accounts, such as the Bank of America Advantage SafeBalance Banking®, Bank of America Advantage Plus Banking®, or Bank of America Advantage Relationship Banking® accounts. However, Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
Make sure to open the account through the special offer page by May 31, 2025, as applying through any other method may not make you eligible for the bonus.
2. Use Offer Code PSJ300CIS
During the account opening process, make sure to use the offer code PSJ300CIS. This code is necessary to ensure that you’re enrolled in the promotional offer and that you’re on track to earn your bonus.
3. Make Qualifying Direct Deposits
To qualify for the bonus, you must have qualifying direct deposits totaling $2,000 or more within 90 days of opening the new checking account. Qualifying direct deposits include regular monthly income, such as your salary, pension, or Social Security benefits, made by your employer or another payer using your account and routing numbers.
It’s important to note that non-qualifying deposits such as teller deposits, wire transfers, debit card transfers, ATM transfers, Online and Mobile Banking transfers, or transfers from a bank or brokerage account will not count toward the $2,000 requirement.
4. Meet the 90-Day Requirement
Once your account is opened and your direct deposits start coming in, you have 90 days to meet the $2,000 direct deposit requirement. It’s essential to complete this within the specified period to ensure that the bonus is credited to your account.
5. Bonus Payment
After you meet all the requirements, Bank of America will attempt to deposit the earned bonus directly into your new eligible checking account within 60 days. To receive the bonus, your account must remain open and in good standing up to and including the date the bonus is paid.
Additional Terms and Conditions
There are a few important terms and conditions to keep in mind to ensure you qualify for the $300 Bank of America checking account bonus:
- New Customers Only: This bonus is only available to customers who do not have an existing checking account with Bank of America.
- Bonus Payment: Your bonus will be subject to validation. This includes verifying that you have provided all the necessary information to maintain the account, such as completing the IRS Form W-9 or Form W-8 (if applicable). Please consult your tax advisor as the bonus may be considered taxable income and Bank of America may issue an IRS Form 1099 for tax purposes.
- Minimum Deposit Requirements: Each eligible account has its own minimum deposit requirement:
- Bank of America Advantage SafeBalance Banking®: $25 minimum deposit
- Bank of America Advantage Plus Banking®: $100 minimum deposit
- Bank of America Advantage Relationship Banking®: $100 minimum deposit
- Bank of America Advantage SafeBalance Banking®: $25 minimum deposit
- APY Information: The Annual Percentage Yields (APY) for the Bank of America Advantage Relationship Banking® account are:
- Less than $50,000: 0.01%
- $50,000 and over: 0.02%
- Less than $50,000: 0.01%
- APYs are accurate as of 1/27/2025 and are subject to change. For today’s rates, visit the Bank of America deposits rates page. Rates may change at any time, before or after the account is opened, and may vary by location.
Why Choose Bank of America for Your Checking Account?
Aside from the generous bonus, Bank of America offers a variety of features that make their checking accounts attractive for both new and existing customers:
- Convenient Online Banking: With Bank of America’s robust online banking and mobile app, you can easily manage your account, pay bills, transfer funds, and more—all from the comfort of your home or on the go.
- 24/7 Customer Support: Bank of America provides customer support 24/7, so you can get assistance whenever you need it.
- Security: As an FDIC-insured bank, Bank of America offers strong security measures to protect your funds.
- Nationwide ATM Access: With thousands of ATMs across the country, you can easily access your cash without paying additional fees for withdrawals.
Maximizing the Bank of America Checking Account Bonus
Here are some tips to ensure you maximize the $300 Bank of America checking account bonus:
- Set Up Direct Deposits Immediately: To meet the direct deposit requirement quickly, set up your payroll or government benefit deposits right away. If you’re employed, coordinate with your HR department to start the direct deposits.
- Monitor Your Account: Keep track of your direct deposits and account activity. Make sure that the required amount is deposited within the 90-day window.
- Avoid Monthly Fees: Be mindful of the monthly maintenance fees and ensure that you meet the requirements to avoid them. For example, some accounts waive fees if you maintain a certain minimum balance or if you have regular direct deposits.
Is the $300 Bank of America Checking Account Bonus Worth It?
If you’re eligible and can meet the requirements, the $300 Bank of America checking account bonus is a fantastic offer. Not only will you earn cash for simply opening an account and making direct deposits, but you’ll also enjoy the convenience and features that come with a Bank of America checking account.
Whether you’re looking for a new checking account or simply want to take advantage of the bonus, this promotion is definitely worth considering before it expires on May 31, 2025.
For full details on how to qualify for the bonus, visit the official Bank of America checking account page.
Other Bank Promotions
- Chase $200 Checking Account Bonus
Open a new Chase Total Checking® account and set up direct deposits of $500 or more within 90 days to earn a $200 bonus. Other Chase bank bonus offers include a $300 bonus for new Chase Total Checking® customers, up to $3,000 for higher account balance holders, and $500 for business checking. - Wells Fargo $200 Checking Account Bonus
Open a new Wells Fargo Everyday Checking account online and complete qualifying direct deposits totaling $500 or more within 60 days to earn a $200 bonus. - Citibank $200 or $500 Checking Account Bonus
Open a new Citibank account and set up qualifying direct deposits to earn up to a $500 bonus. Requirements vary based on the type of account opened. - Capital One $100 or $500 Checking Account Bonus
Open a new Capital One 360 Checking® account and receive $100 after making at least two direct deposits within 35 days. Open a 360 Performance Savings® account and earn a $500 bonus with qualifying deposits. - American Express $200 Cash Back on New Checking Account
Open a new American Express Bank account and receive $200 cash back when you set up qualifying direct deposits totaling $500 or more within the first 90 days. - Capital One $500 Checking Account Bonus
Open a new Capital One 360 Checking® account and make at least two qualifying direct deposits of $250 or more to earn a $500 bonus within the first 75 days.
These offers are subject to change, so it’s important to check the bank’s website for the most up-to-date details and terms before applying.
Final Thoughts
The $300 Bank of America checking account bonus is an easy way to earn extra cash while enjoying a reliable banking experience. By following the steps above and ensuring that you meet the requirements, you can take advantage of this limited-time offer. Whether you’re opening a new checking account or switching to Bank of America, this bonus is a great way to boost your financial future. Be sure to act quickly, as the promotion ends on May 31, 2025.
FAQs
1. How do I qualify for the $300 Bank of America checking account bonus?
To qualify, open a new eligible personal checking account by May 31, 2025, and use the offer code PSJ300CIS. You must also receive qualifying direct deposits totaling $2,000 or more within 90 days of account opening.
2. What counts as a qualifying direct deposit?
Qualifying direct deposits include regular income such as salary, pension, or Social Security benefits. Deposits made via teller, wire transfers, or transfers from other accounts do not count.
3. When will I receive my $300 bonus?
After meeting all requirements, Bank of America will deposit the bonus into your account within 60 days, provided your account is open and in good standing.