Open a checking account with Bank of America and receive a $50.00 bonus.

Here's the Promotion Link

When on the promotion page make sure you click on the 'Open an Account Now' link near the top of the page that's in red bold. DO NOT click on the normal link closer to the bottom.

All that's required is that you open the account with $25 and make a monthly direct deposit to the account. Remember, a transfer from your ING Direct account to the Bank of America account counts as a direct deposit transaction.

I've done this once before (back in February) and it was flawless. I had my money by the end of April.

Here's the fine print:
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You will receive your $50 credit to your new account within 50 days of opening your new personal checking account online. Limit one $50.00 incentive per household every 60 days. Offer valid only for new checking accounts. Any applicable taxes are the responsibility of the account holder. Offer expires on 4/15/2006. Offer may be withdrawn or modified at any time without notice. For interest checking accounts the annual percentage yield is 0.10% on any balance. APY is accurate as of 7/25/2005. The rate may change after the account is opened. Fees could reduce earnings on the account. The $50.00 credit can only be made to your new account. This new account must be still open at this time to receive your $50.00 credit.
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Good hunting...

cp

for checking account, does BoA do HARD credit pull even for existing customer?

That's not correct. Bank of America does a hard pull for new customers but not for existing customers. I know this because I have opened new accounts at BofA, and as long as your existing record with Bank of America is good, the account opening is almost automatic.

thanks, i've been waiting for a BoA deal. What is the procedure for setting up a direct deposit with ING?

vwbugman69 said:You just have to create a link to the BOA checking account by sending a cheack of at least $1 to ING.
I remember now you can add an external account online at ING.

The BOA "My Access Checking" is free w/ DD.

Funding options:
MasterCard® or Visa® (includes Check/Debit Cards)

anyone know if this is a purchase or cash advance?

To my experience, it is purchase.
But some other guys report it is cash advance.
YMMV

funkyfresh said:Funding options:
MasterCard® or Visa® (includes Check/Debit Cards)

anyone know if this is a purchase or cash advance?

I have a question, would transfer of a balance from paypal, half.com and/or Amazon marketplace count as the direct deposit to wave the monthly fee?
if so this sounds right up my alley...........additionally would there be some minimum amount to direct deposit or theoretically would .01 deposit be fine or not?
Thanks for the help and thanks OP for posting the deal.

Thanks OP, I was still eligible for the $50 bonus
even though I already have a BOA checking acct.
I just sent the opening money from my existing account.


They even had live chat so I could ask my questions
before I opened the new acct.