Looking for bank deals that offer cash back to new customers? Opening a personal or business checking account at Bank of America (BofA) could earn you a $100 bonus. The offer is only available to new customers who open a checking account online or at one of the bank’s branches. Details of the offer include:
- Minimum opening deposit of $250
- You must use a debit card to make a purchase within 30 days of opening the account to receive a $75 bonus
- Two online bill payments must be made within 30 days of opening account to receive additional $25 bonus
- Free online banking
- Free online bill pay
- Student checking accounts are not eligible for the bank deals
Small business checking account customers must enroll in BofA’s Online Business Suite Direct Payments program and complete two payments within 30 days to be eligible for the bonus. Once the terms of the offer are met, the bank will either deposit the bonus in the account or mail a check. The amount of the bonus may be reported to the Internal Revenue Service and the business would be responsible for any taxes owed.
Rates on interest bearing checking accounts as of June 25, 2009, were 0.05% for balances less than $10,000.

