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Bank of America adds $500 checking bonus

By Alex Compton · Updated

Bank of America has a $500 checking bonus that belongs on the bank-bonus watchlist. This should still be checked against the current account terms before anyone opens an account.

Open Official Offer

At a Glance

Maximum Bonus Amount
$500
Account Type
Checking
Funding Requirement
$100
Availability
Nationwide
Direct Deposit Required
$2,000-$10,000 within 90 days
Additional Requirements
None
Hard/Soft Pull
Soft, as long as you opt out of overdraft protection
ChexSystems
Mixed datapoint, most say they don’t pull
Credit Card Funding
None, but you can fund with a debit card up to $250
Monthly Fees
$12 avoidable
Early Account Termination Fee
None
Household Limit
None listed
Expiration Date
January 31, 2026

What Changed

Bank of America has a $500 checking bonus worth checking. Availability is listed as nationwide. Review direct deposit language, fees, funding rules and early-termination terms before opening.

Who Should Care

This is relevant for readers who can open checking accounts in the eligible footprint and are comfortable tracking account-opening requirements, monthly fees and bonus timelines.

Terms To Verify

Bank bonuses can turn on small details. The public card should not be treated as final until the account page and bonus disclosure match the expected terms.

  • Required account activity
  • Eligible states or membership rules
  • Direct deposit, debit-card, balance or funding requirements
  • Monthly fee waiver requirements
  • Bonus posting timeline and early-account-closure fee
  • Whether prior account holders are excluded

Before You Act

  1. 1Confirm the bonus amount on the bank application page.
  2. 2Screenshot or save the bonus terms before applying.
  3. 3Calendar the requirement window and expected payout month.
  4. 4Avoid opening if fees or deposit rules make the bonus uneconomic.
Bank of America adds $500 checking bonus | Credit Compound