Do you currently have a Bank of America credit card?
If so, you stand a chance to qualify for a $220 bonus by opening a new Bank of America checking account.
Here is the link to Bank of America's promotion page:
Let us explain the basic mechanics and rules behind this promo:
1. Online applications are only accepted for this promo due to the fact that one has to include a specific offer code to qualify which is CHC2200L.
2. After filling out the application online, Bank of America will be sending to your e-mail, a confirmation code (which also acts as a reference for the application) which you can provide to your local Bank of America branch in order to begin the Direct Deposit phase.
3. You will get $100 first for setting up a qualifying Direct Deposit within 3 months. Take note that Bank of America will send your bonus via increments on your credit card statement and not one lump sum of $220.
4. You will then earn $20 each month (up to six months) to be able to complete the $220 bonus as long as you pay your bills on time, online and through your new Bank of America checking account. Take note that those credits that we have mentioned will be applied to that part of your balance being charged the highest interest rate too and not the lowest.
5. You cannot qualify for this promo if you already have an existing Bank of America checking account or have had anytime within the past 6 months.
6. Existing Bank of America credit card owners whose accounts are open and in good standing are the only ones who qualify for this promo.
7. Student checking accounts are not eligible for the promo. The offer does not apply as well to second or multiple personal or business accounts.
8. There is no monthly maintenance fee or service charge with a qualifying direct deposit to your account or if one maintains an average daily balance of $1500 during each monthly cycle.
9. All applications are subject to Bank of America’s normal approval process.
10. Qualified online payment methods include Bill Pay, Transfers (one-time or recurring) and Pay by Phone.
Last but not the least, if you do not have a Bank of America credit card but are interested in applying for this program, sign up for the BankAmericard Cash Rewards Visa Signature card by clicking on this link:
Hopefully this post has provided you with crucial insights about Bank of America's promotion.
Auto Insurance for $19? 
{ 1 comment… read it below or add one }
I am quite impressed about the new Bank of America $220 promo. I am on the second month already with them (via the creation of a checking account) and I have received $120 already through my credit card statement. So, I just wanted to inform you guys first of all, that this promo WORKS. Yes, again, it works, for all of those whom are asking if this works and wondering if it’s a scam.
So, let me tell you about the process that I went through to be able to claim the bonus:
I got a hold of the promo through a friend whom sent me the promo link online.
At first, I thought that the link was another one of those ‘Apply for a Credit’ landing pages which I am not interested at all. But the thing that got my attention this time was that Bank of America was giving away $220. So upon skimming at the promo details, I just realized that hey, all I need to do is apply for a new checking account since I already have a credit card from Bank of America and get that $220.
Well, since I am also in the lookout for a checking account / savings account with Bank of America, I then applied online, since the promo specifically states that I should apply online and then encode a particular offer code which is CHC220OL.
After filling in the details and submitting it, I then received an e-mail confirming that I have applied online.
So the next day, I decided to go to the nearest Bank of America branch, gave them the details of my application online and transferred a qualifying direct deposit amount (as was stated online) and was informed by the customer service staff that I will be getting the $100 on my credit card statement this month.
The last question that I gave them was, ‘so where is the rest of the money? I thought that I will be getting $220?’ Well, as was explained to me, I will be getting $20 per month (up to six months) increments as long as I pay my bills online through the new checking account that was issued to me.
And that is how I went through the process. Oh yeah, make sure that you pay your bills online via your new checking account on time in order for you to qualify for that $20 bonus per month. Good luck guys!