DOC Compass — Offers, decoded

Update 9/27/26: $2,500 tier lowered to $200,000 required (was $250,000).

Update 7/7/26: There is a new bonus for up to $2,500.

Offer at a glance

Maximum bonus amount: $2,500
Availability: Nationwide
Direct deposit required: No
Additional requirements: Deposit and maintain $5,000-$200,000
Hard/soft pull: Soft
ChexSystems: Unknown
Credit card funding: None, but can fund with a debit card up to $300
Monthly fees: None for 12 months
Early account termination fee: None
Household limit: None listed
Expiration date: December 31, 2026

The Offer

Direct link to offer (better link for $15,000 deposit of $750 – better link for higher tiers)

Bank of America is offering a bonus of up to $750 when you open a new Business Advantage Banking account and make and maintain New Money Deposits. Must deposit funds within 30 days of account opening and maintain the balance from days 31 through day 90

The Fine Print

This offer is available online only and may not be available if you leave this page, visit bankofamerica.com, visit a Bank of America financial center, or if you call the bank.
This offer is intended for new customers only; you are not eligible for this offer if you were an owner or signer on a Bank of America Business Advantage Banking account within the last twelve (12) months. Bank of America employees are not eligible for this offer.
Offer expires on December 31, 2026, and all qualifying activities must be completed within the stated time frames. This offer may not be combined with any other offers. You must meet all requirements of this offer to receive the bonus. Only one Business Advantage Banking account bonus ($400 or $750) offer per business owner, regardless of the number of businesses owned or operated by the customer. Bank of America may change or discontinue this offer at any time before this date without notice.
You may receive different Bank of America promotional checking offers by various methods, i.e., mail, in person or email/online. These promotional offers may have different terms based on how Bank of America introduces them.
Requirements to Receive a Business Advantage Banking Cash Bonus:
Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account online through this offer’s webpage by December 31, 2026, to be enrolled in this offer. If you open your account by any other means, you may not be eligible to earn the cash bonus.
Deposit New Money* directly into that new eligible Bank of America Business Advantage Banking account within thirty (30) days of account opening (“Deposit Period”). At the end of the Deposit Period, all New Money deposits made directly into new eligible Business Advantage Banking account will be totaled to determine which Balance Requirement you have met and which corresponding Cash Bonus Tier you are eligible for (see Bonus Chart below).
Maintain a daily balance in that new Business Advantage Banking account that meets the applicable Balance Requirement (see Bonus Chart above) during the Maintenance Period**. During the Maintenance Period, if your daily balance drops below the minimum of the Balance Requirement listed for a corresponding Cash Bonus Tier, you will no longer be eligible for that Cash Bonus Tier but may be eligible for a lower tier (as applicable, based on the lowest daily balance during the Maintenance Period). If your daily balance drops below $5,000, you will no longer be eligible for a cash bonus.
New Money is new funds deposited into your Business Advantage Banking account that are not transfers from other Bank of America accounts or Merrill investment accounts. A transfer done via ATM, online or teller, or a transfer from a Bank of America account or brokerage account, such as a Merrill account, is not considered new money. A cash withdrawal from an existing Bank of America account and deposited into the new Business Advantage Banking account is not considered new money.
The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
After you satisfy all of the requirements, we will attempt to deposit the earned bonus directly into your new eligible Bank of America Business Advantage Banking account within sixty (60) days. The new eligible Bank of America Business Advantage Banking account must be open and in good standing up to and including the date any earned bonus is paid.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Business Fundamentals at $16 per month. Fee is waived for smaller companies for the first 12 months, otherwise you must:

Maintain a $5,000 combined average balance, or
Spend at least $500 in new net purchases on your business debit card, or
Become a member of Preferred Rewards for Business

There is no fee for smaller companies for the first 12 months

Early Account Termination Fee

There is no early account termination fee.

Our Verdict

There is a bigger bonus available but that requires contacting a small business banker. $750 tier is also worse with that offer and there is no $400 tier, so only worth considering if you will do the $1,000, $1,500 or $3,000 tiers.

These accounts basically earn 0% APY and at best case you are going to have to tie up funds for 60 days (probably more like 90 days to be safe). If you put the $5,000 into a 5% account you’d only earn ~$62.5 and ~$187.5 for the $750 bonus so obviously these bonuses are significantly better and well worth doing.

As this bonus is available online we will add them to our best business checking bonus page.

Hat tip to readers Rob & Pickle Rick

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