$500 BOA checking bonus: direct deposit math, no balance hold. Easy $500.00. ROI: 5.0% on $10k parked 90 days. No linger. No minimum balance after bonus? Check terms. Fee waiver via $250 direct deposit. Simple.
Bank of America's checking bonus offers $100-$500 for $2k-$10k in direct deposits within 90 days. No requirement to keep the money beyond the deposit period, making this a pure cash grab for those who can route $10k through a new account. The $500 tier on $10k works out to 5% annualized if you park the cash 90 days, but the real value is the hard-to-get credit card approval unlock: BOA normally denies cards if you have 3+ new accounts in 12 months, but with a deposit account that jumps to 7. The Advantage Plus account's $12 fee is waived with a $250+ direct deposit or $1,500 daily balance. Offer expires September 30, 2026.
the play
Open an Advantage Plus checking account by September 30, 2026, set up $10,000 in qualifying direct deposits (payroll, pension, or Social Security) within 90 days, and collect $500 with no further balance requirement.
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source signal
This drop was reframed from a real reader question asked around the web. Written with the assistance of a language model in the voice of Amelia Yeaher.
