Some important details from the offer's small print include: The minimum deposit required to open a new, personal checking account and receive the $100 offer is $100. Offer does not apply to second or multiple checking accounts and/or existing checking customers. Money will be deposited within 90 days of opening your new account. Limit one check per household. Value of the offer will be reported to the IRS on Form 1099.
Unlike the last $100 BoA bonus that I posted on, this one is not only for BoA credit card customers.
There are some things to note regarding BoA. First, many have reported that BoA does a hard credit inquiry on your first checking account. This can ding your credit score a little for a few months. Also, it can take patience and persistence to receive the bonuses. The bonuses that I've received only came after reminding them using their online message system. Others have had to make many calls to a banking rep. Not everyone is successful. Finally, be sure to keep an eye on your statements to make sure no fees start popping up. You might want to make a copy of the application where it states that the MyAccess Checking will be free. BoA also charges for things that you might expect are free. For example, if you make an outgoing ACH transfer, there's a $3 charge (see BoA page).
For more discussion on Bank of America accounts and promotions, please see my Bank of America promotion post, and if you're looking for more bank bonuses, please see my latest bank bonuses page.
Thanks to the reader noSSnumber who mentioned this bonus in the finding deals post.
Update 8/7/07: Several readers have reported that the online application for this promo crashes before it finishes.