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Bank of America $500 New Checking Offer with $10000 direct deposit

+1 Deal Score
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This deal is generally $100 for $1000 of deposit according to Slickdeal's history. However this is a good deal for those considering setting up a BoA Preferred Platinum Honors setup (100,000+) to get their 5.25% cash back card / 2.625% on everything else credit card.

Since it requires you to open a checking account anyways this maybe a decent bonus.

Bank of America isn't really regarded favorably online/reddit, however if you keep your money in Merill Edge, their investment. platform, and have over 100,000 you can qualify for their credit card reward bonus. So if you have retirement accounts/a goal to invest you can buy on their platform and get their card as well.

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Open a new eligible checking account through this offer page by January 31, 2026.

Only new checking customers can take advantage of this offer.
Set up and receive Qualifying Direct Deposits into your new account within 90 days of account opening. Your bonus amount will be based on the total amount of your qualifying direct deposits received in the first 90 days.

Cash BonusTotal Direct Deposits
$100 - $2,000
$300 - $5,000
$500 - $10,000+
If you've met all requirements, 90 days after account opening we'll attempt to deposit your bonus into your new eligible account within 60 days.

https://promotions.bankofamerica....g500tiered
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Created 08-19-2025 at 07:06 PM by APhamX
in Finance Bank of America - Bank Advertiser
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These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Joined May 2007
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diavolo33
08-20-2025 at 06:15 AM.
08-20-2025 at 06:15 AM.
Do IRAs count toward the Merrill $100k requirement or just brokerage accounts and cash?
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Joined Jan 2024
Typing Cat
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WolfTheCat
08-20-2025 at 03:32 PM.
08-20-2025 at 03:32 PM.
Quote from diavolo33 :
Do IRAs count toward the Merrill $100k requirement or just brokerage accounts and cash?

IRAs count for platinum rewards. That's how I do it.
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Joined Jan 2014
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EricJ3237
08-20-2025 at 08:25 PM.
08-20-2025 at 08:25 PM.
These deals are wild. Im cashing out right now on a Wells Fargo $400 offer. Once that's fulfilled I'll hop over to this. Big Grin
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Joined Nov 2004
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krawfo
08-21-2025 at 01:44 AM.
08-21-2025 at 01:44 AM.
Just be aware that your deposit is earning a paltry 0.01% - 0.02%.
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Joined Jan 2007
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mulligan
08-21-2025 at 08:00 PM.
08-21-2025 at 08:00 PM.
Quote from EricJ3237 :
These deals are wild. Im cashing out right now on a Wells Fargo $400 offer. Once that's fulfilled I'll hop over to this. Big Grin
Same, just finished US Bank for $450.
I guess I'll have to check Wells Fargo, see which one to do next. I've been depositing paychecks, them moving the money to Fidelity which is my main account to pay bills. It takes a couple days to move it. But $450 on $8k in deposits 6 weeks. Good return.
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Joined Jan 2007
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mulligan
08-26-2025 at 01:03 PM.
08-26-2025 at 01:03 PM.
Quote from krawfo :
Just be aware that your deposit is earning a paltry 0.01% - 0.02%.
Isn't it 10k and in 3 months you get $500? That's 5% in 90 days guaranteed? Pretty good place to park $10k, beyond that yeah though, dumb.
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Joined Oct 2011
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johnmcdonald98
08-28-2025 at 09:24 AM.
08-28-2025 at 09:24 AM.
Quote from mulligan :
Isn't it 10k and in 3 months you get $500? That's 5% in 90 days guaranteed? Pretty good place to park $10k, beyond that yeah though, dumb.
you dont have to keep 10k in the account all the time.
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