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$100 Bank of America Checking Account Bonus Continues

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Bank of America
Update 1/10/08: There has been another change. The promo page now shows a bonus of $75, a new code of AOU260108 and a new expiration date of 3/31/08.

Update 12/18/07: The promo code is now AOU2612, and the promotion has been extended to 2/29/08.

Bank of America has extended the $100 checking account promotion that I first mentioned in August. Here's the link to the promotional page. The promo code is AOU2610. The new expiration date is 12/31/07. It's available through the online application or in any BofA branch. I noticed in the online application that you can select the MyAccess Checking offer which states that it'll be free with no direct deposit requirement and no minimum balance required.

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.

I used the online chat in the application page to confirm this promotion. The customer service rep stated that existing customers can take advantage of this offer. As always, your miles may vary. The CSR also confirmed that signing up for the MyAccess Checking account in this application would allow you to be free of monthly fees without direct deposit.

There are some things to note regarding BofA. First, many have reported that BofA 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. BofA 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 BofA page).

Update 11/30/07: A commenter mentioned that you have to sign up for a debit card to be able to have online access.

For more discussion on Bank of America accounts and promotions, please see my Bank of America promotion post, and if you're looking for a high yield checking, please refer to my best checking account post.
  Tags: checking account, Bank of America

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Comments
13 comments.
Comment #1 by Anonymous posted on
Anonymous
If existing customers are allowed, then can someone open multiple accounts to get the bonus multiple accounts? That doesn't seem right to me.

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Comment #2 by Anonymous posted on
Anonymous
See where the post says:

Offer does not apply to second or multiple checking accounts and/or existing checking customers.

The part where it says that the offer does not apply to multiple checking accounts means that the offer does not apply to multiple checking accounts.

1
Comment #3 by Anonymous posted on
Anonymous
I don't know why these people insist on talking with CSRs and want to ignore this clear statement on the offer:

OFFER DOES NOT APPLY TO SECOND OR MULTIPLE CHECKING ACCOUNTS AND/OR EXISTING CHECKING CUSTOMERS!!!

What part you don't understand???

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Comment #4 by Anonymous posted on
Anonymous
but according to Bank Deals' blog, he spoke to CSR who said that it's available to existing customers. Can BankDeals' be more specific?

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Comment #5 by Banking Guy (anonymous) posted on
Banking Guy
Below is a record of my online chat with the CSR. Even though she said it applies to existing customers, I would also take this with a grain of salt based on the terms.

You: Hello, I would like to confirm a checking account promotion with the offer code AOU2610.
Kanitra : I'll be glad to assist you with that!
Kanitra : That is a valid promotion we're offering at this time.
You: And that rewards $100 for a new checking for a new customer?
Kanitra : Existing customers can take advantage of this offer.

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Comment #6 by Anonymous posted on
Anonymous
I received my $100 award today. Did not have to call or beg... they just paid it. Nice!

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Comment #7 by Craig (anonymous) posted on
Craig
This code has updated to AOU2611.

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Comment #8 by trinidon2k (anonymous) posted on
trinidon2k
Just a datapoint... I opened the account on 11/19 and received my $100 bonus on 11/30. I opened in branch. I'm not sure if DD is required, but i'm going to call to make sure. They did a transunion hard inquiry, even though they said they wouldn't when I asked. You also have to sign up for a debit card to be able to have online access.

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Comment #9 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for sharing. Glad to see they credited the bonus so fast. Seems like they're getting better at this.

1
Comment #10 by Anonymous posted on
Anonymous
I just wanted to sign up for this, but it says the bonus is only $75 and they say it will be using AOU260108. Will the $100 promo code still work? One could just change it in the URL.

1
Comment #11 by Banking Guy (anonymous) posted on
Banking Guy
They sure seem to be changing these bonuses often. You would think they would at least wait to the expiration date.

I'm not sure if the $100 one would still work. Perhaps it would work since it hasn't reached the February expiration date. You might want to see what a CSR says.

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Comment #12 by Anonymous posted on
Anonymous
@ Banking Guy

maybe you could follow up with this and check whether the old promo code is still working.

You seem to be good with dealing with BOA and asking the right questions. What's weird is that it still says $100 in the title.

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Comment #13 by Dhruval (anonymous) posted on
Dhruval
the OFFER CODE is now AOU260408 and the expiration date is 6/30/08

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