Who qualifies for the Bank of America $500 bonus?

This bonus is available to new customers only, all US residents.

How long does it take to earn the Bank of America bonus?

You can complete the requirements in 90 days. After qualifying, the bonus is typically credited within 150 days. Total time from account opening to bonus: approximately 240 days.

What are the requirements for the Bank of America bonus?

Set up direct deposit of any amount. Deposit at least $2000 within 90 days.

Are there any fees for the Bank of America Advantage Banking?

Yes, be aware of: $4.95/month fee (waivable).

Is the Bank of America $500 bonus worth it?

The Bank of America bonus offers $500 in value. After accounting for potential fees, the net value is approximately $500. The requirements are straightforward, making this an easy bonus to earn.

BankOffers.app

CheckingEasy⏰ 21 days left

Bank of America $500 Bonus

Advantage Banking

Expires: January 31, 2026✓ Nationwide

Last verified: December 25, 2025View official bank terms →

Bonus Amount

$500

Apply Now

Direct Deposit

Required

Time to Qualify

90 days

Payout Time

90-150 days

💡 Quick Answers

Who qualifies?

New customers only. Available nationwide.

Fastest way to earn

Complete requirements in 90 days. Bonus arrives within 150 days after qualifying.

Key requirements

• Direct deposit required
• Deposit $2,000 within 90 days

Fees & gotchas

• $4.95/mo fee (waivable)
• No early closure fee ✓

Is it worth it?

$500 bonus with no fees to worry about. Full bonus value! Requirements are straightforward—good for bonus beginners.

🧮 Calculate your personalized net value →

✅ How to Qualify

1Open a new eligible checking account through this offer page by January 31, 2026
2Set up and receive Qualifying Direct Deposits into your new account within 90 days of account opening
3Wait 90 days after account opening for bonus deposit attempt within 60 days

Bonus Tiers

$2,000 in qualifying direct deposits$100

$5,000 in qualifying direct deposits$300

$10,000+ in qualifying direct deposits$500

📅 Timeline

Day 1

Open Account

Open a new Advantage Banking account with $25 minimum deposit

Day 1-90

Fund Account

Deposit $2,000 within 90 days

Within 90 days

Set Up Direct Deposit

direct deposit

90-150 days after qualifying

Receive Bonus

Bonus credited to your account

💵 Fees & How to Avoid Them

Monthly Fee$4.95 (waivable)

Varies by account type: $4.95 (SafeBalance), $12 (Plus), $25 (Relationship)

💡 This fee can be waived - check bank requirements

Early Closure Fee$0 ✓

⚠️ Things to Watch Out For

•New customers only - existing customers do not qualify
•Expires soon: 21 days left

❌ You Won't Qualify If...

•You currently have or previously had an account with this bank
•You have any existing account with this bank

Ready to Earn $500?

Click below to apply directly on Bank of America's website.

Apply for Bank of America Bonus

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BankOffers.app is not affiliated with Bank of America. Always verify offer details, terms, and conditions directly with the bank before applying. Bank bonuses are typically considered taxable income.