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$100 Checking Account Bonus at Bank of America - Update


Bank of America has a new $100 checking account promotion for BoA credit card customers. It's only for the MyAccess checking account which has a minimum opening deposit of $25. The offer code CH100CTA must appear in the application. It states specifically that it's for "Bank of America credit card customers only." It also clearly states that there is "No monthly maintenance fee, no minimum balance, no direct deposit required." In the past, MyAccess has required direct deposit to avoid a monthly fee. However, I now see this also mentioned in BoA's MyAccess page: "Exclusive Online Only Offer: Free Checking - Our most popular checking account is now free. No direct deposit or minimum balance required." So perhaps those who sign up online now, won't have to worry about monthly fees. But based on BoA's history, it's best to keep an eye on your statements.

Another note about this promo is that it doesn't state that you have to be a NEW checking customer. It does say it's only valid for new MyAccess Checking accounts and there's a limit of one $100 incentive per household every 6 months. No expiration date is listed, but it does state it's a limited-time offer.

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.

Thanks to ProfessorB who mentioned this new bonus in the finding deals post.

Related Pages: checking account, Bank of America

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Anonymous   |     |   Comment #1
sweet...something good comes from being forced to switch to BoA after they bought MBNA.
Anonymous   |     |   Comment #2
On the application page itself, however it says 5.95 monthly fee for MyAccess without direct deposit
Anonymous   |     |   Comment #3
Noting the inconsistency between the promo page and the application re: direct deposit requirement, I did an online chat with a CSR. He said that the promo page governed, i.e,. no direct deposit required. I proceeded on that basis. BG is right, you should monitor your statement to see if a fee is charged. Save your paperwork and be prepared to dispute.
Anonymous   |     |   Comment #4
I just had a chat, the rep said the promo was over and you needed direct deposit to waive the monthly fee.
Anonymous   |     |   Comment #5
Well, a CSR told me that the promo code superseded, was valid, and not to worry about fees. So what do we have now - 2 "yeses" and a "no"? B of A - sheesh!
Anonymous   |     |   Comment #6
Its a 50 day wait before you get your bonus, so at worst, I think you will lose $5.95, I can deal with a bonus of $94.05, by closing the account before the second statement :-)
Anonymous   |     |   Comment #7
Isn't it B of A that is facilitating penetration of the USA by illegals? I think it is B of A. It'll be a cool day in H-E-double bells before I ever do business with those filthy people. They OBVIOUSLY do not wish to have as customers Americans who respect our laws.
Hustler (anonymous)   |     |   Comment #8
I love BOA..i think this is my 8th one with them.
Anonymous   |     |   Comment #9
My account was not instantly approved. Today I called to check the status and was told that it was approved but there is no offer code entered on the application!

What the heck! Asked who can fix the mistake on their side. Answer was: you have to apply for another. We can't do anything!
Anonymous   |     |   Comment #10
Apparently, there is a separate promo code listed on the main page to get the no fee offer. I doubt if you can enter both the codes and get both the $100 and the no fee offer.
Mima (anonymous)   |     |   Comment #11
First off, I wanted to say thanks for posting this and the links. I am in the middle of trying to get this sorted out and no one knew what I was talking about and wanted proof and I didn't save either the link or the promo code. I got the special offer when signing out of my credit card account and decided to sign up because of the NO FEE offer (and obviously $100). When I went into the bank to make a deposit they said I needed to sign up for direct deposit or I would get charged a fee. I told them about the offer and they had no idea what I was talking about. I sent a message through online banking and the lady had no idea what I was talking about and basically told me I needed direct deposit. So I sent a nasty message back calling them liars and that I didn't like to be fooled and tricked into opening accounts with them and that tomorrow I was going in to close my account. At 1am I got another message, they still didn't know what I was talking about and wanted proof of this promo and the promo code and they would look into it because they "value" me as a customer.
I was furious but a little less now after reading the comment about the $94.05 bonus.
Banking Guy
Banking Guy (anonymous)   |     |   Comment #12
Perhaps if you provide the customer service rep the offer code and/or the promotional page link, this will help. The promotional page still lists this deal. I hope this helps.
Anonymous   |     |   Comment #13
Mima's experience with trying to execute a web-based promotion at a bricks & mortar branch brings to mind this advice: DON'T. By and large, branch personnel are clueless as to what's being offered on the web. Your best bet is to follow the online instructions, and open the account online. You will be less frustrated in the long run.
Anonymous   |     |   Comment #14
I opened an account online using this $100 promo code in mid-April. I deposited $40 at the end of April into the account. In mid-May, I got the $100 credit. I have not been charged a fee for the account, even though a disclosure about MyAccess they included in the mail when I opened the account suggested there would be a fee without direct deposit or bill pay.
Anonymous   |     |   Comment #15
2 months after opening the account with the promo code, they started charging the $5.95 fee for My Access. I called and talked to customer service and they waived the fee and noted on my account that there should be a fee waiver. The person told me that the waiver would last 1 year and then I would need to call in again to reactivate the waiver for another year. This seems like a silly way to grant a waiver and misleading advertising.
Anonymous   |     |   Comment #16
First, I will never fall for this trick from BofA again. I opened one account under Offer Code GROUP50 (March 26) and another a week later Offer Code CH100CTA (April 2). Today I am still fighting, screaming, and kicking to get the $150.00 (4 mths later)! We have banked with them since 1955 and this is the worse customer service outfit I have ever experienced. They should not be allowed to stay in business as I consider this FRAUD. Every time I call and speak to the floor supv its another excuse and delay. Enough is enough I encourage everyone to blacklist them and refuse to do service.
Anonymous   |     |   Comment #17
I opened an account with GROUP50 and one with CH100CTA as well, both in late June. GROUP50 paid last week, and CH100CTA paid today. I already had MyAccess accounts too.
Anonymous   |     |   Comment #18
Help! Does anyone has the original printout of the promotion CH100CTA? They start to charge the maintenance fee after several months, and when I called to complain, they insisted that it is for "credit card only customers"; not "credit card customers only".
Anonymous   |     |   Comment #19
is this deal still valid??
Anonymous   |     |   Comment #20
Can someone confirm this worked for exisiting Bank of America checking customers? I am getting denied my opening bonus with the reason being that I already have regular checkings account. Thanks.
Jerry Kindall
Jerry Kindall (anonymous)   |     |   Comment #21
I certainly hope it works, because you can't open it over the Web unless you already have an account with them! It would be pretty stupid of them to deny the bonus in that event.
Anonymous   |     |   Comment #22
Offer no longer available. You will automatically be directed to our current checking offer
Anonymous   |     |   Comment #23
I opened this account with the promo code, they charged monthly fees. When I complained, they credited the fee back and added a 1 year waiver. After a year, the monthly fee re-appeared. I had to escalate to a supervisor to get the fee waived--this time for only 6 months. The supervisor said I'll have to fight every time to get the fee waived and there is nothing she can do to permanently fix the problem.