In my memory, Bank of America(BOA) rarely has any checking account bonus. This time, finally, BOA offers a $100 bonus if you are a new checking account customer.
For me, I think the best way would be open the Advance plus checking account.
Requirement: Set up and receive Qualifying Direct Deposits of $1,000 or more into that account within 90 days of account opening
Fees: $12 monthly. But the fee could be waived in any of the following ways:
- Make at least one qualifying Direct Deposit of $250 or more, OR
- Maintain a minimum daily balance of $1,500 or more, OR
- Be a student under age 23 and enrolled in high school, college, or vocational program, OR
- Enroll in the Preferred Rewards program and qualify for the Gold, Platinum, or Platinum Honors tier (first 4 checking accounts only).
But this account won’t have any interest. If you want to earn high interest, Sofi bank, which offers a 1.5% APR, is a better choice, if your balance is more than $6,666 and want to find a good place to hold them for a longer time. Or, you can get this bonus and transfer your money to Sofi bank.