Now that you're a member of the Bank of America family, you'll receive even more banking choices — including this special checking offer. Get MyAccess Checking free with direct deposit and $100 when you open online. Plus, enjoy these valuable extras:
No opening balance required
Free Online Banking service with free Bill Pay
Easy access to funds either online, by phone or using one of over 16,000 ATMs nationwide — all without a fee
Free Bank of America Visa® Check Card with Total Security Protection® and Photo Security® And for a limited time only, you'll get $100 when you open online. Just enter the offer code 100MBNA in your application to take advantage of this special promotion.
MyAccess® checking is free with a monthly direct deposit. Otherwise, the monthly maintenance fee is $5.95 a month. Charges for other account-related services still apply.
1You will receive your $100 credit to your new account within 50 days of opening your new personal checking account online. Limit one $100 incentive per household every 60 days. Offer valid only for new checking accounts. We may report the value of any premium to the IRS. You must use the promotional code 100MBNA when opening your new checking account in order to qualify for this offer. Offer expires on 12/31/2006. Offer may be withdrawn or modified at any time without notice.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 06/1/2006. The rate may change after the account is opened. Fees could reduce earnings on the account. The $100 credit can only be made to your new account. This new account must be still open at this time to receive your $100 credit. CampusEdge® Checking accounts are not eligible to receive $100 incentive reward.
hiphiphooray
Senior Member - 1K
posted: Jul. 16, 2006 @ 7:05p
g10ny said: Here's the fine print:
MyAccess® checking is free with a monthly direct deposit. Otherwise, the monthly maintenance fee is $5.95 a month. Charges for other account-related services still apply.
1You will receive your $100 credit to your new account within 50 days of opening your new personal checking account online. Limit one $100 incentive per household every 60 days. Offer valid only for new checking accounts. We may report the value of any premium to the IRS. You must use the promotional code 100MBNA when opening your new checking account in order to qualify for this offer. Offer expires on 12/31/2006. Offer may be withdrawn or modified at any time without notice.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 06/1/2006. The rate may change after the account is opened. Fees could reduce earnings on the account. The $100 credit can only be made to your new account. This new account must be still open at this time to receive your $100 credit. CampusEdge® Checking accounts are not eligible to receive $100 incentive reward.
So open with $11.90 and in two months you can get the $100 - the fees which you can just eat to net $88.10?
Basically, for the first cycles BofA used to waive this requirement. It comes into effect beginning with the third cycle. And, if you search around a bit, you can see that it's really easy to get around toe direct deposit requirement. Just to give an example, a PayPal transfer to the account would do it. Ask Tytie
hiphiphooray
Senior Member - 1K
posted: Jul. 16, 2006 @ 7:12p
And you can fund it with a credit card...what's stopping you from charging $10,000 and getting 1 - 1.5% Cash Back (depending on your rewards rate)?
That's a big YMMV, some credit companies will code this as a cash advance. At any rate, if you do this, try to use a card that deosn't have any cash advance fees, and if it shows up as cash advance, you pay it off quickly, plus the APR for a few days, which won't be too much.
mazdaspeedy
Senior Member - 1K
posted: Jul. 16, 2006 @ 7:16p
hiphiphooray said: And you can fund it with a credit card...what's stopping you from charging $10,000 and getting 1 - 1.5% Cash Back (depending on your rewards rate)?
I was thinking about cards like PenFed CU, USAA or Agriculture FCU ones, these do not have advance fees, just the regular APRs, but if they code it as a purchase, you'll get the 1.25% or whatever the rewards % is.
Just an advice: try to fly below the radar level, use small amounts for funding the account and you may have a chance for the purchase to fly (I'd say up to $500 or $1k).
hiphiphooray
Senior Member - 1K
posted: Jul. 16, 2006 @ 8:32p
Keep The Change
Here's how it works Every time you buy something with your Bank of America debit card, we'll round up the change to the nearest dollar amount - and transfer it to your savings account. So you get to keep the change and grow your savings.
We'll chip in, too For the first 90 days, we'll add 100% to your Keep the Change savings. That means for every Keep the Change transfer, we'll contribute the same amount to your account. And when 90 days are over, we'll continue contributing 5% a year, every year.
I may jump on this, even if you dont do the direct deposit you come out ahead.
TonySpero
Senior Member - 1K
posted: Jul. 16, 2006 @ 11:35p
hiphiphooray said: And you can fund it with a credit card...what's stopping you from charging $10,000 and getting 1 - 1.5% Cash Back (depending on your rewards rate)?
I believe the maximum funding allowed by CC is $1,000.
bsegreto
Member
posted: Jul. 17, 2006 @ 1:36a
Talked to a BOA agent today and they indicated they would pull all 3 bureau's credit reports to open an account. 3 hard pulls for a checking account?
Reading on these forums it seemed like they only pulled experian. Link
I'll check mine out later to see what they pulled if people are interested.
They always pulled my TU for this. I think it depends on the US region where you are residing.
Don't put too much weight on what the BofA CSRs are saying, they are often clueless.
Had they pulled all 3 CRAs, I'd be closing tomorrow all my accounts with them. But it's not the case.
jeepbrew
Senior Member
posted: Jul. 17, 2006 @ 2:11a
Thanks. I just opened an account with the 100FREE offer.
qaz1001qaz
Senior Member
posted: Jul. 17, 2006 @ 4:22a
what qualify as a direct deposit? is it a cash deposit or a fund transfer? if so, does a transfer from paypal count as a direct deposit to avoid the fees?
For BofA purposes, it seems that any kind of transfer qualifies. There's a related thread though, for accounts that see ACH transfers in as direct deposit. Do a search.
bigfatcow
Member
posted: Jul. 17, 2006 @ 10:50a
"Limit one $100 incentive per household every 60 days. Offer valid only for new checking accounts." does it mean that i can open a checking account, cancel after 60 days and open up a new one?? if so, then it's 100 bucks every 2 months.
BOA still not given lots of people the bonus $125(for checking and savings) from an earlier promo. Look at the other FW thread on BOA.
Auracon
Happy Member
posted: Jul. 19, 2006 @ 12:17p
Just wondering, it says it may report to the IRS for any premium or whatever, what does that mean to us? Does this have to go under my tax report then? I'm so confused.. any help?
Teena
Ancient Member
posted: Jul. 19, 2006 @ 12:23p
Got my $100 today. Opened on 6/12 online. No transfer set up and no fees were taken from that account. No problems here.
g10ny said: That's a big YMMV, some credit companies will code this as a cash advance. At any rate, if you do this, try to use a card that deosn't have any cash advance fees, and if it shows up as cash advance, you pay it off quickly, plus the APR for a few days, which won't be too much.
Help, I've never opened a bank account online before, only in person.
What are the options for funding the account, especially options that are fee-free?
Auracon said: Just wondering, it says it may report to the IRS for any premium or whatever, what does that mean to us? Does this have to go under my tax report then? I'm so confused.. any help?
The $100 bonus counts as income that is reported to the IRS. When I did something like this before, it came as a 1099-MISC form, I think.
I could fund it with a CC. Evenn though I wanted a $500 initial funding, it only took $100, but at least it counted as a purchase. You can also fund it from other bank accounts.
je0ne0sais0quoi said: Auracon said: Just wondering, it says it may report to the IRS for any premium or whatever, what does that mean to us? Does this have to go under my tax report then? I'm so confused.. any help?
The $100 bonus counts as income that is reported to the IRS. When I did something like this before, it came as a 1099-MISC form, I think.
it should be a 1099INT form.
hiphiphooray
Senior Member - 1K
posted: Jul. 20, 2006 @ 4:12p
spyder88 said: Did this charge came up in your cc as cash advance?
Is there any min balance or early closing of the acct fees for NYers? I cant seem to find anything on it, and there is no mention of min balance, just the direct deposit. Also I got a question about share the change or whatever its called program. The best thing to do is purchase things at .01, so theyll add .99cents to your acct. Do they also take .99cents from your acct and put it in the savings acct? So if you reach the max $250..by the end of it youll have $500. $250 from yours, and $250 from them?
I applied and deposited $100 on 6/12... I funded it with a MasterCard and it treated it like a purchase. I used paypal as a direct deposit of $10 on 6/19, and on 7/19 I recieved my $100 bonus... this was the easiest online checking account that I've set up... no phone calls for the bonus, no fees, and the bonus posted quicker than I expected.
maryscotty
New Member
posted: Jul. 20, 2006 @ 9:44p
Trying to set up online banking but have not received acct number yet, but sd my acct approved how long did it take to get acct number so that a deposit could be made?
You should soon be able to see your account posted online. However, you'll only be able to see your last four digits of your accoutn number. As I faced this issue in the past, I can advice you that the only possibility to get the account number before the intro package arrival (or, in some cases, only the monthly statement, a month or so later) is to go into your local BofA branch and ask the bank employees to tell you that.
jeepbrew
Senior Member
posted: Jul. 21, 2006 @ 10:10a
g10ny said: You should soon be able to see your account posted online. However, you'll only be able to see your last four digits of your accoutn number. As I faced this issue in the past, I can advice you that the only possibility to get the account number before the intro package arrival (or, in some cases, only the monthly statement, a month or so later) is to go into your local BofA branch and ask the bank employees to tell you that.
That is incorrect. View your "Account Summary" online for the desired account. Then, simply click on the "Show My Account Number" link under the "Current Information" section.
Interesting. Care to give more details about this, since I was not able to locate it? TIA
jeepbrew
Senior Member
posted: Jul. 21, 2006 @ 12:12p
Once you log into BOA's site, you should be in the "Accounts" section. If not, select "Accounts" in the top left of the screen. Then you will have the following choices: Account Overview, Account Activity, Account Summary, Find A Transaction, and Open An Account. Select "Account Summary", then "Show Account Number" for any of your BOA accounts.
That is perfectly correct. Thanks for the information.
(Another lesson: don't take for granted all CSRs say, they told me there was no way to tell me on the phone the account number, and that the only way to get it is to go to B&M)
MyAccess® checking is free with a monthly direct deposit. Otherwise, the monthly maintenance fee is $5.95 a month. Charges for other account-related services still apply.
1You will receive your $100 credit to your new account within 50 days of opening your new personal checking account online. Limit one $100 incentive per household every 60 days. Offer valid only for new checking accounts. We may report the value of any premium to the IRS. You must use the promotional code 100MBNA when opening your new checking account in order to qualify for this offer. Offer expires on 12/31/2006. 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 06/1/2006. The rate may change after the account is opened. Fees could reduce earnings on the account. The $100 credit can only be made to your new account. This new account must be still open at this time to receive your $100 credit. CampusEdge® Checking accounts are not eligible to receive $100 incentive reward.
Can I use INGDIRECT to set up auto deposit? Thanks.
Skipping 22 Messages...
ProfessorEd
Senior Member - 1K
posted: Aug. 20, 2006 @ 8:27a
One procedural warning.
If you use the link and are in the same state as you signed up for the account in they code the application with 100MBNA (my case at least).
However, they ask if you have changed states and if you say yes (have Va. BOA account and now live in Md.) the application comes up uncoded and with no space to enter a code. While this is probably just bad programming (linking you to the new account page for the state you live in), it could cost you the reward (or force you into a dispute to get it).
I noticed the problem and ended up doing a second application with the aid of a customer representative on the phone, so watch for this complication if you have moved since opening the BOA account.
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