$100 For A New Bank of America Account
If you're willing to jump through a few minor hoops and wait a while, BofA gives you a Benjamin for opening a new account.
Here's the catches:
• The account has to remain open for 50 days before they credit your account.
• After approval, you will need to make a $25 deposit.
• After the first two months, you need to make a least one deposit a month, otherwise they charge you $5.98 for hurting their feelings.
Make sure to avoid their various add-on services and go straight for the streamlined checking account.
We gave it a shot, will see if they approve us. Not going to move away from our current bank, Washington Mutual, or nothing, but it seems like a fairly painless way to get a hundred big ones.
(Thanks to Kevin!)
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Comments:
Rats, try this one:
http://www.bankofamerica.com/deposits/checksave/100mya/
Will change the links in the post momentarily.
As long as you're cool with getting a tax reporting form at the end of the year for $100, it's a good deal. Just remember that nobody at a bank is ever going to just 'give' you something and not tell Uncle Sam.
I think it's technically labled an "incentive or dividend", so it may have a different tax rate compared to regular income. Any tax attorneys out there to back me up?
Crap, I just signed up for an account with the old link. What do I get, a toaster?
$25.
I just went to my local branch and set up another set of checking and savings accounts (I am already a BoA customer) and they assured me that there will be 100 dollars after 30 days, not 50, but I'll wait and see
I see nothing on the BofA webpage about $100 for opening an account. Where's the info coming from?