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Home » Does Bank of America give you a bonus for opening an account?

Does Bank of America give you a bonus for opening an account?

If you’re considering opening a new personal checking account, Bank of America might have an enticing offer for you. By utilizing the offer code TWA200CIS, individuals can open a Bank of America Advantage Banking personal checking account online and become eligible for a bonus. To qualify for this bonus, you must set up and receive qualifying direct deposits totaling $2,000 or more into the account within 90 days of opening. This offer presents an opportunity to earn a $200 bonus, which can be an attractive incentive for those seeking to establish a banking relationship or looking to switch to a new financial institution.

Now, let’s delve into what constitutes a direct deposit. In the context of this offer, a direct deposit typically refers to the electronic transfer of funds directly into your Bank of America account from an employer, government agency, or other financial institution. It’s essential to ensure that these deposits meet the eligibility criteria outlined by Bank of America to qualify for the bonus. While specific requirements may vary, direct deposits commonly include salary payments, pension payments, Social Security benefits, and tax refunds, among others.

Before taking advantage of this offer, it’s crucial to review the terms and conditions provided by Bank of America to understand the eligibility criteria fully. Additionally, consider whether opening a new personal checking account aligns with your financial goals and needs. Evaluating factors such as fees, account features, and customer service can help you make an informed decision about whether Bank of America is the right banking partner for you.

(Response: Yes, Bank of America offers a $200 bonus for opening a new Advantage Banking personal checking account and setting up qualifying direct deposits totaling $2,000 or more within 90 days of account opening.)