Bank of America is currently offering a $300 mortgage principal reduction promotion when you open a new Bank of America checking account, valid through December 4, 2010.
You’ll get a Bank of America mortgage principal reduction of $25 per month for 12 months, which is equal to $300 in total off your home mortgage from Bank of America.
Just open a new Bank of America checking account with the Bank of America promotional code CH300EM10.
You must link your new Bank of America checking account to your existing mortgage.
You also must make your mortgage payment from the new checking account each month to receive the bonus.
The bonus payments will be reflected on your mortgage statement within 60 days.
Just make sure you enter the Bank of America promo code CH300EM10 when signing up for your new checking account.
Bank of America Mortgage Promotion Details
The special offer is for Bank of America mortgage customers only who open a checking account with code CH300EM10.
This offer is available to existing Bank of America mortgage customers whose accounts are open and in good standing and who do not currently have a personal checking account with Bank of America.
This is a limited time offer that is available only for accounts opened online with offer code CH300EM10.
This offer expires December 4, 2010, but this offer may be withdrawn or modified at any time without notice.
To be eligible, you must become a new checking customer by opening a personal checking account online and timely pay your mortgage payment in full online each month for the next 12 consecutive months from your new checking account.
Qualified online payment methods include Bill Pay, Transfers (1-time or recurring), and Pay By Phone.
For each month you satisfy the preceding mortgage payment requirement, you will receive a $25 credit which will be applied to reduce the principal balance due on your mortgage.
The $25 credit will appear in your mortgage account within 60 days after the date you pay your mortgage payment in full online from your new checking account, and if Bank of America is unable to apply the credit, a check will be issued.
The $25 credit is only available for each of the first 12 months in which your new checking account remains open, with a maximum potential overall credit of up to $300 ($25 x 12 months).
After the 12 months expire, you are no longer eligible to earn any further $25 credits.
Take advantage of this Bank of America mortgage bonus offer to save $300 off your principal balance when you open a new Bank of America checking account.
Check out these additional Bank of America Promotional Offers for more banking bonuses from Bank of America.
Sign up for your Bank of America checking account online today to save $300 off your Bank of America home mortgage.