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.