Bank of America
CheckingVerified Oct 9, 2026
Bank of America Advantage SafeBalance Banking: up to $500 bonus
Receive at least $10,000 in qualifying payroll, pension, or government direct deposits within 90 days of opening.
- Direct deposits
- $10,000 in 90 days
- Cash to keep
- No balance requirement
- Monthly fee
- $4.95/mo, waivable
- Apply by
- Jan 31, 2027
Selected target
$500
Apply by Jan 31, 2027
View offer at Bank of AmericaRead the bank's terms · Offer terms can change. Confirm current eligibility and terms with the bank before applying.
Your fit
Add your state, direct deposit and cash to check this offer's conditions against your situation.
- 1 thing to check: Your history with Bank of America
This checks the published conditions only. The bank decides who is approved.
Steps to earn
Complete all 2 steps for $500
Opening deposit
Open Advantage SafeBalance Banking with at least $25.
- $25
Direct deposit
Receive at least $10,000 in qualifying payroll, pension, or government direct deposits within 90 days of opening.
- $10,000
- Within 90 days of opening
All tiers
| Bonus | Deposit to qualify | Cash to keep | Choose your target |
|---|---|---|---|
| $100 | Direct deposits: $2,000 in 90 days | No balance requirement | |
| $300 | Direct deposits: $5,000 in 90 days | No balance requirement | |
| $500 | Direct deposits: $10,000 in 90 days | No balance requirement | Selected |
Timeline
Add a date to put the deadlines on a calendar. Only steps timed from opening get a date.
Apply by Jan 31, 2027
Open the account with $25
Direct deposit
Day 90 after opening
Receive at least $10,000 in qualifying payroll, pension, or government direct deposits within 90 days of opening.
Bonus paid
Within 60 days after the 90-day direct-deposit period ends, if the account remains open and in good standing.
Money and fees
- Bonus
- $500
- Monthly fees
- $4.95/month unless waived
- Bonus after fees, before tax
- $485.15 to $500
Waived with: No monthly maintenance fee for eligible account owners under age 25; other waivers may apply under the current account fee schedule.
Up to $14.85 if you miss the waiver for about 3 months
Cash to keep in the account
No balance to maintain
Direct deposits: $10,000 in 90 days
Months are estimated from the longest step, about 90 days. Your statement dates can change the count.
After the bonus
- Account type
- Checking
- Monthly fee
- $4.95/mo
- How to waive it
- No monthly maintenance fee for eligible account owners under age 25; other waivers may apply under the current account fee schedule.
- APY
- Not stated in the terms we reviewed
- Early closure fee
- Not stated in the terms we reviewed
- How to open
- Online
Eligibility
Where it's offered
The bank's terms don't list states. Check availability on the bank's site before applying.
Who can get it
New customers only. If you've had an account with Bank of America, check the look-back period in the terms.
Enroll through this offer and open an eligible personal checking account. No personal Bank of America checking ownership in the prior 12 months. Family Banking SafeBalance and fiduciary accounts are excluded.
Terms and sources
Checked against promotions.bankofamerica.com on Oct 9, 2026. Next check by Oct 23, 2026.
- promotions.bankofamerica.com/en/offers/2026t2unauthCaptured Oct 9, 2026
Offer terms can change. Confirm current eligibility and terms with the bank before applying.