Bank of America Checking Personal and Business Referral Bonuses

Bank of America is now offering personal and business checking account referral bonuses that provide up to $50 in cash rewards for both parties.

Both new customers and current customers receive cash bonuses through the Bank of America referral program.

How to Participate in the Bank of America Referral Program

To Request a Referral Form if you are a new customer, please contact MaximizingMoney@gmail.com, and we will be more than happy to provide you with a referral form.

You can request a printable referral form for personal accounts, and either a printable referral form or email referral for business accounts.

To Refer New Customers if you are a current Bank of America checking account customer, please visit the Bank of America Referral Program Forms to provide referrals to your friends and family.

Personal Account Bonus for Current Customers

If you have a Bank of America checking account, you can receive a $25 bonus for each new customer that you refer to a Bank of America personal checking account.

Personal Account Bonus for New Customers

If you don’t have a BofA checking account, you can earn a $25 bonus when you open any new personal checking account with a minimum opening balance of $125 and make 1 debit card transaction during the first 30 days.

If you also open a savings account, you’ll earn an additional $10, or open a savings account with $1,000 to receive an extra $25.

That’s a total bonus of $50 if you open both personal savings and checking accounts through a Bank of America customer referral.

Business Account Bonus for Current Customers

If you have a Bank of America checking account, you can earn a $50 bonus for each new business checking account customer that you refer.

Business Account Bonus for New Customers

If you don’t have a BofA checking account, you can earn a $50 bonus when you open a new business checking account with a minimum opening balance of $250 and make 1 debit card transaction within the first 30 days.

Bank of America Referral Details

This offer cannot be combined with any other new customer offer.

Bank of America will pay the incentive to existing customers (referrers) by check after Bank of America verifies that the new customer that you referred opened a qualifying new checking account and also met the other terms of this offer.

Checks are usually issued within 90 days of a qualifying account opening.

New customers must present the referral form at the time of the account opening and satisfy the terms of the applicable referral program.

For personal checking accounts, you must open a new checking account with a minimum opening balance of $125 and make a minimum of 1 debit card purchase during the first 30 days from account opening.

For business checking accounts, you must open a new checking account with a minimum opening balance of $250 and make a minimum of 1 debit card purchase in the first 30 days from account opening.

Referrals must be new customers. You are not eligible if you are or were an owner or signer on a Bank of America consumer, student, or small business checking account that is open now or that was closed within the last 6 months.

New customers will usually receive their incentive bonus via a credit to your new Bank of America checking account within 90 days of account opening, or you may receive the incentive by check.

Extra incentives for opening additional accounts at the same time that the new checking account is opened are for the new customer only.

Savings accounts that are eligible include Regular Savings (or Market Rate Savings in WA and ID), which requires a minimum opening balance of $25 ($1 in WA and ID).

Take advantage of this Bank of America referral program bonus offer whether you are a new customer or you already have a Bank of America checking account.

Check out our Bank of America Cash Bonuses for more bonus promotions from Bank of America.

Review the Bank of America referral bonus offers to earn cash bonuses with Bank of America checking account referrals.

Leave a Reply

Your email address will not be published. Required fields are marked *