Bank of America Offers Monthly Deals: May 2025 - Updated Bank of America promotions for May 2025. Keep an eye out for these exciting deals!
Bank of America Offers New Account Promotions with Up to $300 Bonus
Consumers seeking a new checking account with Bank of America have an opportunity to earn a cash bonus of up to $300 as part of the bank's latest promotions. These offers are tied primarily to the bank's Advantage Plus, Advantage Relationship, Advantage SafeBalance, Business Advantage Fundamentals, and Business Advantage Relationship checking accounts.
Under the Advantage Plus promotion, customers can receive a $300 bonus by opening a new account, getting a direct deposit of $2,000 within the initial 90 days, and maintaining the account in good standing for at least 60 days. Notably, individuals who have owned a Bank of America personal checking account in the last 12 months are not eligible. The account requires an initial deposit of $100, and the monthly fee is waived if certain conditions are met.
The Advantage Relationship checking account also promises a $300 bonus, with qualifications and terms identical to the Advantage Plus account. However, the account carries a higher monthly fee of $25, which may be waived if specific conditions are met.
The Advantage SafeBalance checking account also offers a $300 bonus for new account holders. This account requires a lower minimum initial deposit of $25 but includes a higher monthly fee of $4.95, waived under certain conditions.
Business owners are eligible for promotions on the Business Advantage Fundamentals and Business Advantage Relationship accounts, which offer bonuses of $200 each. These accounts provide incentives for businesses to deposit and maintain substantial balances. The basic terms include an initial deposit of $5,000 or more, maintaining an average daily balance of $5,000 or more for 60 days, and meeting certain other requirements for the bonus.
As of May 2025, these promotions will expire on June 30, 2025. To learn more about these offers and to apply for an account, potential customers can use the links provided. It is essential to note that these promotions are not available to those who have owned a Bank of America personal or business checking account in the last 12 months.
It is important to consider that these promotions may not be the most lucrative options when compared to the best bank bonuses currently available, as some institutions offer higher bonus amounts and better returns on deposits. Nonetheless, these promotions show Bank of America's commitment to attracting new account holders through appealing incentives.
In related news, the Federal Reserve recently held interest rates steady for a third consecutive time at its May 7 meeting, signaling continued stability in the economy. High-yield checking accounts and savings accounts tend to follow the federal funds rate, suggesting potential future decreases in interest rates for these account types. As such, it may be worthwhile to compare Bank of America's offerings with those of other financial institutions to maximize the interest and returns on one's cash holdings.
Sources:- Bank of America: https://www.bankofamerica.com/- Internal Revenue Service: https://www.irs.gov/- Federal Reserve: https://www.federalreserve.gov/- Investopedia: https://www.investopedia.com/ (for ongoing bank bonus tracking and analysis)
- The new Bank of America promotions, which offer bonuses up to $300, are not limited to personal checking accounts; business owners can also earn $200 bonuses with the Business Advantage Fundamentals and Business Advantage Relationship accounts.
- While the Federal Reserve has kept interest rates steady, high-yield checking accounts and savings accounts may see potential future decreases, making it crucial to compare Bank of America's offers with those of other financial institutions for optimal returns on personal-finance and banking-and-insurance investments.
- As Bank of America's promotions for new account holders include ico-style incentives such as cash bonuses, it highlights the growing trend of the finance industry leveraging token-based rewards to attract new clients.
