Bank of America Will Pay New Checking Customers Up to $500 Through Jan. 31

Bank of America’s public checking bonus is still paying real money for new customers. Open an eligible Advantage checking account through the up-to-$500 tiered offer page by Jan. 31, 2027, then bring in Qualifying Direct Deposits within 90 days of opening. The bonus scales with what hits the account in that window: $100 for $2,000–$4,999, $300 for $5,000–$9,999, and $500 for $10,000 or more. Qualifying deposits are regular income like paycheck, pension, or Social Security, not wires, ATM deposits, or transfers from your other accounts. You can’t have owned a BofA personal checking account in the past 12 months, and the offer is one bonus per customer. BofA says it will try to pay within 60 days after the deposit period, and the bonus may be taxable. The offer can end early, so open through that page if you’re switching banks anyway. More deals at Points Quest.

The Points Quest

Related reading

• Bank Account Bonuses Right Now (November 2026)
• Chase’s Checking Bonus Is Back: 0 (or 0 With Savings)
• Bank of America Will Pay Up to $2,500 for a New Business Checking Account by Nov. 30
• E*Trade Will Pay $400 for a New Max-Rate Checking Account Opened by Jan. 10

Considering Chase’s bank offer? Our Chase checking bonus review breaks down the $300 checking bonus, the $900 checking and savings combo, the direct deposit rules, and the monthly fees.