Bank of America Business Checking: Up to a $2500 bonus (no direct deposit required)

Bank of America is running another promotion for new business checking accounts that offers up to a $2,500 bonus with fairly simple requirements… although the top tiers require a whole lotta cash.

Deposit a total of $5,000 into the account within the first 30 days, maintain a minimum balance of $5,000 between day 30 and day 91 from account opening, and you get $400. If you deposit a total of $15,000 within the first 30 days and maintain the same $15,000 balance between days 30 and 91, you’ll receive $750. From there, $50K in deposits gets you $1K, the bonus for $100K is $1,500, and if you have $200K sitting around in a hatbox, you’ll get $2,500 by going through the same procedure.

The first two tiers are where most folks will be interested. Depending on which tier you take advantage of, this effectively works out to an interest rate of ~20-30% on the money while it’s there…which is pretty good.

The Deal

• Bank of America is offering a bonus of up to $2500 with a new business checking account.
• Requirements to receive a cash bonus:
  • Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account by July 31, 2026.
  • Deposit new money directly into that new eligible Business Advantage Banking account within 30 days of account opening (“Deposit Period”). At the end of the Deposit Period, all New Money deposits will be totaled to determine which Cash Bonus you are eligible for (see chart below)

• •  Maintain the same average balance (or more) during the Maintenance Period** into the new Business Advantage Banking account (days 31-90 from account opening).

Direct link to this promotion

Key Terms

• • Offer expires on July 31, 2026.
  • This offer is intended for new customers only; you are not eligible for this offer if you were an owner or signer on a Bank of America Business Advantage Banking account within the last twelve (12) months. Bank of America employees are not eligible for this offer.
  • Requirements to Receive a Checking Cash Bonus:
    1. Enroll in this offer through a Bank of America associate, via a direct communication, or online through this offer’s webpage.
    2. Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account by July 31, 2026.
    3. Deposit New Money directly into your new eligible Business Advantage Banking account within thirty (30) days of account opening (“Deposit Period”). “New Money” is money not currently or previously held in a Bank of America account or Merrill investment account. Transfer limits may apply.At the end of the Deposit Period, all New Money deposits made to your account will be totaled to determine which Balance Requirement you have met and which corresponding Cash Bonus Tier you are eligible for (see Bonus Chart).
       

       Bonus Chart
       Balance Requirement	Cash Bonus Tier
       $5,000 to $14,999	$400
       $15,000 to $49,999	$700
       $50,000 to $99,999	$1,000
       $100,000 to $199,999	$1,500
       $200,000+	$2,500

    4. Maintain a daily balance in that new Business Advantage Banking account that meets the applicable Balance Requirement (see Bonus Chart) during the Maintenance Period. The “Maintenance Period” begins thirty-one (31) days after enrollment and ends ninety (90) days after account opening.During the Maintenance Period, if your daily balance drops below the minimum of the Balance Requirement listed for a corresponding Cash Bonus Tier, you will no longer be eligible for that Cash Bonus Tier, but may be eligible for a lower tier (as applicable, based on the lowest daily balance during the Maintenance Period). If your daily balance drops below $5,000 on any day during the Maintenance Period, you will no longer be eligible for a cash bonus.
  • To avoid the $16 Monthly fee after the first 12 months, meet one of the following requirements during each checking statement cycle:
    1. Maintain a $5,000 combined average monthly balance in eligible linked business deposit.
    2. Use your Bank of America business debit card to make at least $500 in new qualified purchases. Spend $500 or more in new net purchases each statement/billing cycle using a linked Bank of America business debit card. Purchases must post to that card account to qualify. Purchases must be made on only one of the debit card accounts; purchases on any combination of debit cards cannot be aggregated to reach the monthly spend. See Business Schedule of Fees at bankofamerica.com/Business_Schedule_of_Fees for an explanation of how the monthly fee waiver is applied and how the card spend is determined.
    3. Be a Preferred Rewards for Business member. Please see the Preferred Rewards for Business disclosure.

Quick Thoughts

The nice thing about this business checking account bonus is that it is very simple: deposit the money within 30 days of account opening, leave at least $5,000 in for another two months, and collect a nice bonus.

Just make sure that you leave the required deposit amount in over the next two months, because if your balance goes below that, even briefly, you’ll lose the bonus. I’d actually leave a slightly higher amount (an extra $40-$50), just in case any unexpected fees or charges are triggered by accident.

I’ve done several BOA Business Checking bonuses over the years, and they’ve all been straightforward and quick to pay out.

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