Find an updated list of Bank of America promotions, bonuses, and offers here.
Bank of America Advantage SafeBalance Banking and Bank of America Advantage Plus Banking are great options for students in search of a low-cost checking account. Students under the age of 24 have no fees.
See our bank offers page for other offers. Top offers can be found from TD Bank, Chase Bank, Bank of America, BBVA, HSBC Bank, and many more.
See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase Bank, HSBC Bank, TD Bank, Huntington Bank, BBVA, Discover Bank, and CIT Bank. See our best rates for Savings and CD too. |
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| Chase Business Complete BankingSM $300 Bonus | HSBC Premier Checking Up To $600 |
| HSBC Premier Checking $450 Bonus | TD Bank Convenience Checking $150 Bonus |
| TD Bank Beyond Checking $300 Bonus | Huntington Business Checking 100 $200 Bonus |
| Huntington 25 Checking $300 Bonus | Huntington Unlimited Plus Business Checking $750 Bonus |
| Huntington Unlimited Business Checking $400 Bonus | Aspiration Spend & Save Account $100 Bonus |
| Ally Invest Up To $3,000 Bonus | Discover Bank $360 Cashback Debit |
| Axos Basic Business Checking $100 Bonus | BlockFi Up To $250 BTC Bonus |
| WeBull 2 Free Stocks | |
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About Bank of America Promotions
Headquartered in Charlotte, North Carolina, Bank of America has grown to become one of the “big four” banks in the United States since its establishment in 1904. With operations in more than 35 countries around the world, Bank of America offers a vast array of products such as CDs, Savings, Checking, much more through a wide network of branches. However, you may want to compare to the national best offers from our Bank Rates page and CD Rates page.
- Availability: Nationwide (Bank Locator)
- Routing Number: Full list here
- Customer Service: 1 (800) 432-1000
While they have a generous bonus, Bank of America doesn’t have great rates for CDs and Savings. You may want to check out our full list of Bank Rates and CD Rates.
I’ll review the Bank of America Promotions below.
Bank Of America Personal Checking $100 Bonus Offer (Available Online)
Bank of America is offering a $100 bonus when you open a Checking Account online and meet the requirements below.
- Account Type: Checking Account
- Availability: Online only
- Direct Deposit Requirement: Yes
- Soft/Hard Pull: Soft Pull
- ChexSystems: Unknown, let us know.
- Credit Card Funding: None
- Monthly Fee: $4.95+, waivable
- Early Account Termination Fee: $40 if closed within 180 days of account opening
- Household Limit: 1
(Expires June 30, 2021)
Compare this to other great entry level Checking accounts with bonus offers, like Chase Total Checking® ($200 bonus), Huntington Asterisk-Free Checking® ($150 Bonus), TD Bank Convenience CheckingSM ($150 bonus), and HSBC Advance Checking (up to $240 bonus).
Bank of America Advantage SafeBalance & Advantage Plus Features
Bank of America Advantage Banking is a checking account that has three different settings. Members are able to switch from one setting to another as their lifestyle and financial needs change. Advantage SafeBalance Banking and Advantage Plus Banking are ideal for eligible students since the monthly fee is waived for those under the age of 24.
Advantage SafeBalance Banking
The Advantage SafeBalance Banking $4.95 monthly fee is waived for eligible students under the age of 24, or if you’re a Preferred Rewards member.
This Advantage setting is a great option if you’re in search of a low-cost checking account and extra benefits. There is no overdraft option – therefore, no overdraft fees – and the account is checkless.
To open an Advantage SafeBalance Banking account, all you need is an initial deposit of at least $25, a Social Security Number and a permanent US address.
Advantage Plus Banking
The Advantage Plus Banking $12 monthly fee is waived for eligible students under the age of 24, you have at least one qualifying deposit of $250 or more, you maintain a $1,500 minimum daily balance, or you’re a Preferred Rewards member.
This Advantage setting allows you to purchase paper checks and set up overdraft protection. It’s important to note that Bank of America charges $35 every time you overdraft.
To open an Advantage Plus Banking account, you’ll need an initial deposit of at least $100, along with a Social Security Number and a permanent US address.
Bottom Line
Lastly, I would definitely take the time and check out Bank of America Advantage SafeBalance Banking and Advantage Plus Banking if you’re a student that’s currently enrolled in school, under the age of 24. The Advantage SafeBalance setting does not offer overdraft protection of checks, while the Advantage Plus setting gives you the option for both.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| Huntington 25 Checking | $300 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Aspiration Spend & Save Account | $100 Cash | Review |
| Ally Invest | Up to $3,000 Cash | Review |
| BlockFi | Up To $250 BTC | Review |
| American Express High Yield Savings | 0.40% APY | Review |
| Discover Cashback Debit Account | $360 Cash | Review |
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