Charlotte’s Bank of America Gives You a Cash Bonus for Opening a Checking Account

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If you are in the market for a checking account in Charlotte, N.C., now might be a smart time to make your move. Fresh off GOBankingRates’ recent list of the 12 best checking account promotions available now, Bank of America’s two promotional deals can help you settle your money into a checking account that will fit your financial needs for the long run.

Find out why Charlotte’s Bank of America ranked among the best banks of 2015 >>>

$100 Bonus for Personal Checking

Earn a $100 bonus for opening a new Bank of America personal checking account with a direct deposit plan. Just sign up for a new checking account (minimum balance of $25 for non-interest-earning accounts or $100 for interest-earning accounts) through the Bank of America at Work® program, using offer code BAW100N.

You’ll also need to set up an automatic direct deposit plan, with deposits of at least $2,000 every 30 days from the time you open the account for the next 90 days. You will receive your $100 bonus within 90 days of meeting the offer qualifications, including having your account open and in good standing, and providing the necessary tax reporting forms (such as an IRS Form W-9 or Form W-8).

To be eligible, you cannot currently have a personal checking account with Bank of America or have been a signer on or owner of a Bank of America personal checking account within the last six months. This offer cannot be combined with any other offer and is limited to one incentive per new personal checking customer and account. The offer does not apply to business, second or multiple personal checking accounts, and it may be terminated early without notice. The promotion runs through Dec. 31, 2015, or until the code is invalid.

Read: You Can Thank Millennials for Your Free Checking Account

$300 Bonus for Interest or Core Checking

If you’re a current Bank of America customer but don’t have a checking account with the bank, you’re eligible for an even more sizable $300 bonus when you enroll for a new checking account. Choose from Interest Checking or Core Checking. Interest Checking offers interest on your checking balances, additional checking and savings accounts, and no fees for select services, while Core Checking gives you all the basic checking account features you need.

To be eligible for the $300 bonus, simply open a new checking account by April 10, 2015. Then, make two qualifying direct deposits of $2,000 or more within the first 90 days your account is open.

You will receive your $300 bonus within 90 days of meeting the qualifications. Your account must be open and in good standing, and you must provide the necessary tax reporting forms (such as an IRS Form W-9 or Form W-8). The value of your bonus might constitute taxable income, and Bank of America might issue you an IRS Form 1099 and withhold tax from your payment. Consult your tax advisor for specific tax advice.

This promotion cannot be combined with any other offer and is limited to one cash incentive per new personal checking customer and account. The offer does not apply to business, second or multiple personal checking accounts. All account applications are subject to Bank of America’s normal approval process. No offer code is required.