Bank of America Personal Checking $220 Bonus for BofA Credit Card Members

Bank of America is offering up to $220 in banking bonuses when you open a new Bank of America personal checking account, valid through January 21, 2011, for current Bank of America credit card customers.

You’ll receive up to $220 in credit card statement credits when you meet certain qualifications with your new Bank of America checking account.

Here’s How to Get Your $220 Bonus

1. Visit the BofA $220 Personal Checking Promo and apply online for your Bank of America checking account.
2. Make sure the Bank of America promotional code CHC220OL appears in the offer code section of the application.
3. Earn $100 for setting up a Direct Deposit within 3 months.
4. Earn $20 each month for 6 months for paying your Bank of America credit card online from your new Bank of America checking account, for up to $120.
That’s a total of $220 in banking bonuses from Bank of America.

Bank of America Checking Bonus Details

This offer is only available to existing Bank of America credit card customers whose accounts are open and in good standing and who do not currently have a personal checking account.

This offer is available only for personal checking accounts opened online with the Bank of America offer code CHC220OL.

$100 Direct Deposit Bonus Details

You will earn a $100 statement credit on your credit card account when you establish a direct deposit within 3 months of opening your new checking account.

$120 Credit Card Payment Bonus Details

You will earn a $20 statement credit on your credit card account for every month that you pay your Bank of America credit card online from your new Bank of America checking account on time.

Payments received late will not qualify.

The $20 credit is valid for each of the first 6 months that you have your new checking account, with a maximum payout of $120 ($20 x 6 months = $120).
Qualified online payment methods include Bill Pay, Transfers (1-time or recurring), and Pay By Phone.

Additional Promo Details

Your statement credit(s) will be applied to your credit card account within 60 days after the date of each qualifying transaction, provided that both your credit card and checking accounts are open and in good standing.

This offer cannot be combined with any other offer and is limited to 1 incentive per new checking customer.

This offer does not apply to second or multiple personal or business accounts.
A new checking customer is a person who is not currently a signer and who was not a signer within the last 6 months on a Bank of America personal checking account.
Student checking accounts are not eligible for the offer.

If your account is closed at the time that they review your account to determine whether you have met the terms and conditions of the offer, you are not eligible for the offer.
The minimum deposit required to open a new personal checking account and receive this offer are subject to the normal opening deposit requirements of the specific account being opened.

To the extent required by law, Bank of America will report the value of the offer to the IRS.

MyAccess Checking Account Option

For the MyAccess Checking account, there is no monthly maintenance fee or service charge with a qualifying direct deposit to your account or if you maintain an average daily balance of $1,500 during each monthly statement cycle.
Take advantage of this Bank of America personal checking bonus offer to earn up to $220 in bonus cash from Bank of America.