Advantage Banking (Plus, SafeBalance, or Relationship)
- Bonus
- Up to $500 ($100 for $2,000+, $300 for $5,000+, $500 for $10,000+)
- To qualify
- Up to $500 with $10,000 in direct deposit within 90 days
- What counts as a direct deposit
- Real payroll, pension or government benefit deposits. Transfers from your other bank accounts, Zelle and Venmo don't count. More
- Who can open it
- Anyone in the US, online
- Monthly fee
- $12 a month
- When the bonus is paid
- 90 to 150 days after you open the account
- Keep it open
- At least until the bonus posts. Bank of America's offer doesn't list a penalty for closing early, but some banks take the bonus back within 6 months, so 6 months is the safe choice.
- Past customers
- Not eligible if you got a Bank of America checking bonus in the last 12 months
- Open by
- January 31, 2027
Good to know: Advantage Plus fee can be waived with direct deposit; the page doesn't state the amount, so we count the fee. SafeBalance has no fee under 25.
Checked against Bank of America's own terms on October 19, 2026.