BANK of America is set to award Americans $300 in free cash if they are quick to take action.
By following two simple steps before the July deadline, customers will automatically receive the cash bonus in their accounts.
Bank of America is offering new customers a free cash bonus with a new checking account offer (stock)[/caption]
One of the nation’s largest banks is urging people to take action by July 31 to make the most of the deal (stock)[/caption]
However, the offer is only available for a few more days as it expires on July 31 so there is not much time left.
The second largest bank in the country is awarding the cash bonus to new customers who sign up to the Bank of America Advantage Plus banking.
It is an online-only offer that can only be redeemed through the bank’s promotions page.
First you should open up a new eligible Bank of America personal checking account via the promotions page by the July 31 deadline.
It is worth noting that the BoA Advantage SafeBalance banking for Family Banking accounts are not eligible.
But the following three accounts are:
- Bank of America Advantage SafeBalance Banking
- Bank of America Advantage Plus Banking
- Bank of America Advantage Relationship Banking
More eligibility information can be found online but the bank warns: “You are not eligible for this offer if you were an owner or co-owner of a Bank of America personal checking account within the last twelve (12) months.”
Use the following offer code when opening the account to take part in the promotion: AFC300CIS.
The second step is to meet the deposit requirements including Qualifying Direct Deposits that total at least $2,000 within 90 days of the account being opened.
These direct deposits should come from regular monthly income like your salary or benefits.
Once all requirements have been met, Bank of America will automatically start to process your cash bonus.
“Bank of America will attempt to pay bonus within 60 days,” it states on the promotions page.
This is 60 days from meeting the requirements not from the date of the account being open.
“The new eligible personal checking account must be open and in good standing up to and including the date any earned bonus is paid,” BoA adds.
There is a $12 monthly fee for the Advantage Plus Banking checking account but this can be waived.
US BANK $400 BONUS
Meanwhile, US Bank is also offering a cash bonus if action is taken by July 31.
With this offer, Americans can get up to $400 by opening a US Bank Smartly Checking account via the promotions page.
Again, in order to get the cash you must fulfil all of the account requirements within 90 days of opening.
“Enroll in online banking or the U.S. Bank Mobile App and make two or more direct deposits(s) totaling $2,000 to $4,999.99 to earn $250 or totaling $5,000 to $7,999.99 to earn $350 or totaling $8,000 or more to earn $400,” US Bank states.
The bonus will be paid within 30 days of meeting all requirements but may not be available to those who are already US Bank customers.
