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Banking Bonus: Up to $500 Cash Offer
For new Bank of America Advantage Plus Banking® customers. Details:
- NEW! Up to $500 Cash Offer.
- Offer expires 09/30/2026.
- New checking customers only.
- Must apply through this specific link.
- Set up Qualifying Direct Deposits* within 90 days of opening — your bonus tier is based on the total deposited in that window. (see bonus tiers)
Apply NowCash Bonus Total Direct Deposits $100 $2,000 $300 $5,000 $500 $10,000+ - Limited Time Offer expires 09/30/2026
- Member FDIC
- Get cash back deals and rewards customized for you
I personally bank with Bank of America, and I’ve been recommending this deal to my friends and family.
Bottom Line: Great Bonus Offer and Cash Back Potential
The up to $500 cash offer for new checking customers pretty much speaks for itself. Imagine what you could do—pay off a couple of bills, stash it away for a rainy day, or treat yourself to something nice.
Quick note: this is an online-only offer and you have to open your account through this specific Bank of America promotion page.
Beyond the bonus, who doesn't love earning cash back? It feels good to get money back on your spending, and over time it can really add up to something meaningful.
Bank of America’s website has a scheduled deadline for the cash offer up to $500. I recommend getting this deal quickly. Click here to apply for the up to $500 cash offer.
Qualification Details
The cash offer up to $500 is an online only offer and must be opened through the Bank of America promotional page.
1. Offer expires 09/30/2026.
2. The offer is for new checking customers only.
3. To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your qualifying direct deposits received in the first 90 days.
| Cash Bonus | Total Direct Deposits |
|---|---|
| $100 | $2,000 |
| $300 | $5,000 |
| $500 | $10,000+ |
If you already have a Bank of America checking account, here are other banking bonuses you may qualify for.
-
OFFER $250 bonus with qualifying Direct Deposits within 90 days, up to $450 bonus
-
Smart Rewards Access to cash-back deals
-
Waive Maintenance Fee Options to waive the $12 monthly maintenance fee
3 New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 12/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.
SoFi members with Eligible Direct Deposit can earn 3.30% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.30% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time.
These rates are current as of 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
4 We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.
