Bank of America Advantage Banking (SafeBalance, Plus or Relationship) bonus: up to $500 and what it takes
Live until
Checked against the bank's page on .
The offer in one paragraph
Bank of America pays up to $500 when you open Bank of America Advantage Banking (SafeBalance, Plus or Relationship) as a new customer. The $100 tier asks you to receive $2,000 in direct deposits within 90 days. The $500 tier asks you to receive $10,000 in direct deposits within 90 days. The account charges $12 a month, and the bank publishes ways to avoid the fee. Its terms name no state limit, and the bank decides at application. The bank shows January 31, 2027 as the last day.
Bonus Tally may earn a commission when you open an account through links on this page. It never changes the math or the ranking.
How to earn it
- Open Bank of America Advantage Banking (SafeBalance, Plus or Relationship) online or at a branch, as a new customer.
- Fund the account with at least $100 when you open it.
- Receive direct deposits within 90 days that add up to the amount for your tier: $2,000 for $100, $5,000 for $300 or $10,000 for $500.
- Wait for the bank to pay the bonus. Its terms say when it pays once you meet the requirements.
Day counts follow the bank's terms, which say when each period starts.
Payments that count differ by bank: what counts as a direct deposit.
When the bank pays. Bank of America aims to pay within 60 days after the 90 day deposit period ends and you have met every requirement.
A qualifying direct deposit is regular monthly income, such as pay, a pension or Social Security, that the payer sends using the account and routing numbers you give it. The total over 90 days sets the tier.
Three accounts qualify: SafeBalance ($4.95 a month, $25 to open), Advantage Plus ($12 a month, $100 to open) and Relationship ($25 a month, $100 to open). The fee shown is for Advantage Plus. Each fee can be avoided, direct deposit among the ways, under rules on the bank's account pages rather than the offer page.
You are excluded if you owned or co-owned a Bank of America personal checking account in the last 12 months. Trusts, SafeBalance for Family Banking and business accounts do not qualify, and the offer does not combine with another checking bonus. Enroll through the offer page or with a Bank of America or Merrill associate.
The numbers
- Bonus
- Up to $5003 tiers, from $100.
- Cash to park
- None
- Direct deposits
- $2,000 in total for $100, $5,000 in total for $300, $10,000 in total for $500Within 90 days.
- Annual rate
- None: no cash to parkThe rate measures the bonus against cash you park. This tier asks for none.
- Monthly fee
- $12 a monthThe bank publishes ways to avoid it. Its terms say which.
- Early closure
- Not published
Guides to these figures: how the annual rate is calculated, monthly fees and how to avoid them and early closure fees and clawbacks.
Worth it for you
Out of reach with these numbers. Needs $2,000 in direct deposits within 90 days, you entered no direct deposit.
- $100Out of reachNeeds $2,000 in direct deposits within 90 days, you entered no direct deposit.
- $300Out of reachNeeds $5,000 in direct deposits within 90 days, you entered no direct deposit.
- $500Out of reachNeeds $10,000 in direct deposits within 90 days, you entered no direct deposit.
Assumes a 4.00% savings rate on the parked cash and no tax figure. The bonus calculator takes your own rates and compares every live offer.
Bank bonuses are generally taxable as interest income, and banks usually report them on Form 1099-INT. Banks change and end offers without notice. Confirm every term on the bank's own page before you apply.
Who can get it
- For
- Personal accounts
- Customers
- New customers only
- Where
- No state limit in the termsThe bank decides at application
- Minimum age
- Not published
Before you apply: how often you can earn a bonus from one bank and whether opening an account affects your credit.
Tiers (3)
| Bonus | What it takes | Cash to park | Annual rate | In words |
|---|---|---|---|---|
| $100 | Direct deposit: $2,000 in direct deposits | None | no cash to park | Open an eligible Advantage checking account through the offer page and receive $2,000 to $4,999 in Qualifying Direct Deposits within 90 days of opening. |
| $300 | Direct deposit: $5,000 in direct deposits | None | no cash to park | Same steps, with $5,000 to $9,999 in Qualifying Direct Deposits within 90 days. |
| $500 | Direct deposit: $10,000 in direct deposits | None | no cash to park | Same steps, with $10,000 or more in Qualifying Direct Deposits within 90 days. |
Source
Checked against the bank's own page on .
Read the offer on Bank of America's page (opens in a new tab)
Bonus Tally may earn a commission when you open an account through links on this page. It never changes the math or the ranking.
Pages we read
- Offer page on promotions.bankofamerica.com, read
- Banks change and end offers without notice. Confirm every term on the bank's own page before you apply.
- Bank bonuses are generally taxable as interest income, and banks usually report them on Form 1099-INT. Are bank bonuses taxable has the detail.
- Bonus Tally is an information service, not a bank or a financial adviser. Nothing here is financial, tax or legal advice.
The verification log lists every offer with its source, and the methodology gives every formula.
Other bonuses from Bank of America
Bank of America and all its offers| Bank and account | Bonus | What it takes | Cash to park | Annual rate | Checked |
|---|---|---|---|---|---|
| Bank of America Business Advantage Fundamentals Banking or Business Advantage Relationship Banking | Bonusup to $2,500 | What it takesDeposit and hold$200,000 | Cash to park$200,000 | Annual rate7.60% | Checked |
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