$100 from BoFa (New Customers)

Link

New customers only
-Minimum opening balance of $500
-Must be open for at least 30 days
-Minimum one transaction with check card
-Offer code AOU260909
-Offer good until 11/30/09

T&C:
1 To take advantage of this offer, you must use the Offer Code provided to open your qualifying new Bank of America personal checking account by 11/30/09. Bank of America may terminate the offer before this date. This offer is available only to new customers who open a new qualifying personal checking account. The new customer will receive the incentive upon verification of qualification in the incentive programs. We will deposit the $100 incentive directly into your new checking account within 90 days of its opening; if unable to do so, a check will be issued. The new customer is not eligible for this offer if they were a signer on a Bank of America checking account that was closed within the last three months. All accounts are subject to our normal approval process. Limit one offer per household. Offer does not apply to Bank of America associates, current checking customers or student checking accounts. To the extent required by law, Bank of America will report the value of the offer to the IRS. Any applicable taxes are the responsibility of the account holder. Reproduction, purchase, sale, transfer or trade of this offer is prohibited. For Tiered Interest personal checking accounts, the APY is as follows:For Tiered Interest personal checking accounts, the APY is as follows: Less than $10,000, 0.05 %; $10,000 - $99,999, 0.25%; $100,000 and over, 0.40%. APYs are accurate as of 09/11/2009.The APY may change after the account is opened. Fees may reduce earnings. Keep the Change® patent pending.

Here is their definition of "new customer"

fixfox69 said: . This offer is available only to new customers who open a new qualifying personal checking account. The new customer will receive the incentive upon verification of qualification in the incentive programs. We will deposit the $100 incentive directly into your new checking account within 90 days of its opening; if unable to do so, a check will be issued. The new customer is not eligible for this offer if they were a signer on a Bank of America checking account that was closed within the last three months.

No DD required. In 4 1. Thanks!

desertbanshee said: They do a hard pull on credit. I signed up Saturday, and one popped up on my credit the same day.

Very same reason why is good to read the TOS before applying.

This is a big YMMV i am batting 500 with BOA, following their rules i was paid once and stiffed once.

Step 3 on the right has a 'learn more' popup which shows:
"Easily make an opening deposit into your new checking account during the application process with a debit card or a transfer from another bank."

"Limit one offer per household. "

Has any one tried to open two for both husband and wife?

how nice for BOA to offer some of our tax dollars back to us! easy 20% ROI, but beware of BOA's notoriously mafioso fees for breathing, existing, and generally being a customer with or without a pulse

some useful info from BOA chat

Chat InformationWelcome to an online chat session at Bank of America. Please hold while we connect you to the next available Bank of America Account Specialist. Your chat may be monitored and recorded for quality purposes. Thank you for your patience.
Chat InformationYou are now chatting with Eric. Welcome to Bank of America. How can I help you complete your online checking or savings application today?
Eric: Hi! My name is Eric, and thank you for joining Bank of America’s online chat service for new personal accounts! It’s a great time to open a new account, as we have a fantastic “online-only” offer running right now! May I ask in what state you plan on opening a new account?
You: oregon
Eric: Thank you! I’m glad you joined me today! What type of account are you looking to open?
You: online checking, I want to take advantage to the $100 for opening the new account. It says I need to open with $500. Do I have to maintain a $500 balance until you guys give me the $100 or is that just to open it and I can withdraw like a regular checking account and still have that offer work?
Eric: No, as long as the opening deposit is $500 then you will qualify for the $100 bonus.
You: So I can put $500 in to the account then withdraw money and as long as I keep it open for 30 days and make a minimum of one transaction with the newly assigned check card I will get $100 for doing this?
Eric: Correct.
You: after I open the account with $500 what is the minum balance I have to keep in the account to satisfy this offer?
Eric: At least $1 to keep it active. When opened online, the MyAccess checking account is FREE of the monthly maintenance fees for the LIFE of the account, with no minimum balance or direct deposit requirement...
You: thats not to bad actually... could I use it to xfer funds to another customer in the bofa system?
Eric: Absolutely!
You: it says the new account must be open for 30 days if I do this offer an you pay me is there a penalty fee if closed after 30days if I decide I don't want it?
Eric: Not at all. If the account is not open for at least 30 days, we simply do not issue the $100
You: yes, but after you issue the $100, if I decide to close the account is there a penalty? Some banks require you to keep it open for 6 months etc or will charge you the opening incentive back.
Eric: No. Not at all.
You: Excellent, thank you very much for your assistance this evening
Eric: You’re welcome! Before you go….
Eric: … I just wanted to mention that if you are looking to establish or rebuild your credit, or simply wish to take a break from paying interest on your existing balances for a while, we do have an amazing credit card offer going on right now. Would you like me to work with you on finding a card that might meet your needs?
You: not unless it has 0% apr and a balance transfer option with no fees
Eric: We do have a zero % for 7 or 10 months but there is a 3% balance transfer fee...
You: that is ok thanks Eric
Last text message receivedEric: You’re welcome! Feel free to initiate another chat if you need to speak with us again.... It has been a pleasure chatting with you today, and take care!

lokimoki said: joemama15 said: Just opened account online. Tried to fund with a credit card, even though it specifically asked for a debit card. All appears ok for now. Will report back in a couple of days with final results

Curious if there's a maximum amount allowed w. the credit card and if they're billing as a purchase or cash advance. Thanx

Here's some more info, although the final verdict is still not out.

When I funded online, it asked for a debit card number, whether it was visa/mastercard, and the 3 digit code on the back. I used a Chase credit card. It allowed funding with up to $1,000. I funded with $500, since that was the minimum to get the $100 bonus, as well as the uncertainty of whether it would be treated as a cash advance or not. I spoke with BofA today, and they said the funding went through just fine. They specifically mentioned my funding with a "credit card". It also shows the $500 balance for my account in BofA online banking.

On Chase's side, here is what the transaction looks like in my online banking:
Trans Date | Post Date | Type | Description | Transaction Number | Amount
09/16/2009 | 09/17/2009 | Cash Advance | BANK OF AMERICA(Other) | ****** | $500.00

This would imply that it will be treated as a cash advance. However, my cash advance limit for this credit card is less than $500, so I don't know why it would approve it and count it as a cash advance. It does not yet show any fees associated with the transaction. I believe there is a 3% charge normally for cash advances, although I have never done one before and can't find any documentation on that.

So I guess I will just have to wait and see what happens to get a conclusive answer. I seem to have some evidence indicating it will be a cash advance, and some that it won't

*edited for typos

joemama15 said:
This would imply that it will be treated as a cash advance. However, my cash advance limit for this credit card is less than $500, so I don't know why it would approve it and count it as a cash advance.
It will be interesting to see if they also hit you with an over-the-limit fee at the end of the month.

Remember there is no guarantee that credit cards won't approve charges over your credit limit.

I've been paid all of the BOA bonuses where I met the terms (I didnt get 1 checking bonus last year since I opened 2 accounts within months of each other to try and get 2 different bonuses lol)

bustgum said: joemama15 said:
This would imply that it will be treated as a cash advance. However, my cash advance limit for this credit card is less than $500, so I don't know why it would approve it and count it as a cash advance.
It will be interesting to see if they also hit you with an over-the-limit fee at the end of the month.

Remember there is no guarantee that credit cards won't approve charges over your credit limit.

It wasn't over the credit limit, just the cash advance limit

joemama15 said: lokimoki said: joemama15 said: Just opened account online. Tried to fund with a credit card, even though it specifically asked for a debit card. All appears ok for now. Will report back in a couple of days with final results

Curious if there's a maximum amount allowed w. the credit card and if they're billing as a purchase or cash advance. Thanx

Here's some more info, although the final verdict is still not out.

When I funded online, it asked for a debit card number, whether it was visa/mastercard, and the 3 digit code on the back. I used a Chase credit card. It allowed funding with up to $1,000. I funded with $500, since that was the minimum to get the $100 bonus, as well as the uncertainty of whether it would be treated as a cash advance or not. I spoke with BofA today, and they said the funding went through just fine. They specifically mentioned my funding with a "credit card". It also shows the $500 balance for my account in BofA online banking.

On Chase's side, here is what the transaction looks like in my online banking:
Trans Date | Post Date | Type | Description | Transaction Number | Amount
09/16/2009 | 09/17/2009 | Cash Advance | BANK OF AMERICA(Other) | ****** | $500.00

This would imply that it will be treated as a cash advance. However, my cash advance limit for this credit card is less than $500, so I don't know why it would approve it and count it as a cash advance. It does not yet show any fees associated with the transaction. I believe there is a 3% charge normally for cash advances, although I have never done one before and can't find any documentation on that.

So I guess I will just have to wait and see what happens to get a conclusive answer. I seem to have some evidence indicating it will be a cash advance, and some that it won't

*edited for typos

It posted as a cash advance and I was charged a 3%/$15 fee

I haven't gotten the bonus for either my wife or myself. Going to make contact soon to see what's up. Had made contact weeks ago and it was a "should be in another month or so" (the bonus).

welookgoodcom said: Any update? Is everyone getting theirs posted as a cash advance?

I am a noobie on this one --- I am ready to apply for this (x2) before it runs out
I take it that the current consensus is that debit card option is fee free and risk free and good for the $100
but the credit card option is too much risk to try to parlay this for some additional Cash Back

If any of your credit reports are frozen, the application will be rejected.

I have a BofA CC and just used my username/password to sign up - so all my info is already in the system.
But they still did a HARD pull on Transunion for this account.

New expiry date of 1/30/10.

robobert said: $100 showed up in my account today. I opened account in late September, but did not fund for almost a month. For some reason they never processed my debit card info on the original application. I'm actually surprised they paid it out without me having to call them.

Same here - I opened and funded in September.

Should check again. You might have just got the runaround to defer for 90-days. The term according to the description is "deposit to the eligible account within 90-days of its opening". Either that BOA will let you know why you're not getting $100.

1 To take advantage of this offer, you must use the Offer Code provided to open your qualifying new Bank of America personal checking account by 2/28/10. Bank of America may terminate the offer before this date. This offer is available only to new customers who open a new qualifying personal checking account. The new customer will receive the incentive upon verification of qualification in the incentive programs. We will deposit the $100 incentive directly into your new checking account within 90 days of its opening; if unable to do so, a check will be issued. The new customer is not eligible for this offer if they were a signer on a Bank of America checking account that was closed within the last three months. All accounts are subject to our normal approval process. Limit one offer per household. Offer does not apply to Bank of America associates, current checking customers or student checking accounts. To the extent required by law, Bank of America will report the value of the offer to the IRS. Any applicable taxes are the responsibility of the account holder. Reproduction, purchase, sale, transfer or trade of this offer is prohibited. For Tiered Interest personal checking accounts, the APY is as follows:For Tiered Interest personal checking accounts, the APY is as follows: Less than $10,000, 0.05 %; $10,000 - $99,999, 0.25%; $100,000 and over, 0.40%. APYs are accurate as of 12/07/2009.The APY may change after the account is opened. Fees may reduce earnings. Keep the Change® patent pending.

leenga said: I called the 800-334-8364 number and they are telling me that because I received an incentive back in 2006 I am not eligible. I told her that account was closed long ago. She said the promotion is only one per customer. I read to her the terms of the offer where it says "The new customer is not eligible for this offer if they were a signer on a Bank of America checking account that was closed within the last three months." She said it is still one per customer and would not budge. Said she could transfer me to Sales and Marketing.

Sales department said she would submit a promo research request form and it will take 72 hours to research. After looking at my account she did come back to me and say that the check card transaction was not made within the 30 days of account opening. I told her that I'm looking at the terms of the offer and no where does it state that the transaction has to be withing 30 days. She agreed that it is not stated and said she would put that on the form.

Guess I'll wait some more and see what happens.

calling this number worked, got my check in the mail yesterday!