Bank of America Business Advantage Checking Bonus Offer $200 Bonus

If you're a business owner in the market for a new checking account, be sure to check out this offer from Bank of America.

They're offering a $200 cash bonus when you open a new Bank of America Business Advantage checking account and maintain qualifying deposits. See offers page more details.

To qualify, you can choose between the Bank of America Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking accounts. Both have monthly fees that can be waived if minimum deposits amounts are met. See below for more details.. Then, you'll just need to deposit $5,000 into your new account. Pretty simple!

How To Earn The Bonus

The Bank of America Business Advantage Checking Bonus Offer promotion requires you to deposit and maintain a minimum balance in order to earn the $200 bonus.

Full requirements to receive this bonus are:

1. Open a new Bank of America business checking account.
2. Within 30 days, make qualifying deposits of $5,000 or more in new money.
3. For the next 60 days, maintain an average balance of $5,000.
4. Bonus will be deposited directly into your Business Advantage Banking account within 60 days from the end of your qualifying period.

Open a Bank of America Business Advantage Checking Bonus Offer account before the bonus expires on December 31, 2023

The fine print

• Offer is available only to applicants who apply for a new account online.
• This offer is intended for new customers only; your business is not eligible for this offer if you were an owner or signer on a Bank of America Business Advantage account within the last six (12) months.
• Bank of America employees are not eligible for this offer.
• Offer expires on June 30, 2023 and all qualifying activities must be completed within the stated time frames in order to be eligible for this offer.
• This offer may not be combined with any other offers.
• You must meet the requirements of this offer, in order to receive the bonus associated with that offer.
• Bank of America may change or discontinue this offer at any time before this date without notice.
• Only one Banking Relationship bonus offer per business owner, regardless of the number of businesses owned or operated by the customer.

How does this business checking offer from Bank of America compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

U.S. Bank

Business Checking

Bonus

up to $800

Account Type

Business Checking

Expires In

98 days

Requires

• Min Balance
• Bill Pay (optional)
• Card Spend (optional)

Full Details

Chase

Chase Business Complete Checking®

Bonus

$300

Account Type

Business Checking

Expires In

17 days

Requires

• Min Balance
• Card Spend (optional)

Full Details

Axos

Business Interest Checking

Bonus

up to $400

Account Type

Business Checking

Expires In

90 days

Requires

• Min Balance
• Bill Pay
• Card Spend

Full Details

Why Bank of America?

Bank of America is one of the "big four" banks in the United States, and is headquartered in Charlotte, but operates in more than 35 countries around the world. Merrill Investing also falls under the Bank of America umbrella, and between the two brands, you can find nearly any financial product you'd want: checking and savings accounts, home and auto loans, HSAs, business products, credit cards, CDs, money market accounts, IRAs, and more.

Their online and mobile tools offer a solid digital experience with alerts, mobile check deposits, spending charts, easy card replacement requests, digital wallets and more. Customers also tend to rank their service favorably, with convenient support hours and real humans on the other line.

The trade off to a plethora of banking products, a huge network of physical locations and ATMs, and a well-reviewed digital experience are the same as most of the other big banks: don't expect wow-ing interest rates. Plus, you'll want to be sure to avoid their penalty fees, which are steep and can be harsh. For example, their overdraft fee is $35, and their policy allows them to charge it as often as 4 times each day.

Learn more in our Bank of America review

Business Advantage Fundamentals™ Banking

Business Advantage Fundamentals™ is a business checking account that gives you access to business-specific digital tools like Cash Flow Monitor, access to Small Business Specialists, and all of the security and support you'd expect from a national bank with a huge footprint.

Fees

Business Advantage Fundamentals™ Banking does charge a monthly fee of $16, but there are ways to get this waived:

• 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.

Business Advantage Relationship Banking

Business Advantage Relationship is Bank of America's premium business checking account. You'll receive all the Business Advantage Fundamentals benefits in addition to an extra Relationship Banking checking account and Business Advantage Savings account.

Fees

Business Advantage Relationship Banking does charge a monthly fee of $29.95, but there are ways to get this waived:

• Maintain a $15,000 combined average balance.
• OR, become a member of Preferred Rewards for Business.

Apply now for a Bank of America Business Advantage Checking Bonus Offer account to earn the $200 bonus offer

Bank of America Locations

You may sometimes be required to visit a branch in-person to take advantage of a welcome offer. Or, you may just prefer the convenience of banking with institutions that have locations near you.

Get a better idea of how well Bank of America can serve you by checking out their branches closest to your area: