Bank of America Gives $300 for New Checking Account Openings Before May

If you’re planning to open a new checking account, Bank of America is running a limited-time online offer that gives you a $300 cash bonus. This promotion is valid until May 31, 2025, and is available only through the bank’s official promotional page.

This offer is designed to attract new customers with a simple reward in exchange for opening an account and meeting a few easy requirements.

Who Is Eligible for This Offer?

To qualify, you must not have been a Bank of America checking account holder (either as the main owner or co-owner) in the past 12 months.

Also, you must open your account online using the designated offer page and enter the promo code: PSJ300CIS during the account opening process.

How to Get the $300 Bonus

You need to complete two simple steps:

Open an eligible Bank of America personal checking account online before May 31, 2025 using the promo code.
Receive direct deposits of $2,000 or more into the account within 90 days of opening it.

Qualifying direct deposits include salary, pension, or Social Security payments made through proper channels. Transfers from other bank accounts, ATM cash deposits, or mobile transfers do not count.

Once the conditions are fulfilled, Bank of America will deposit $300 into your account within 60 days. Your account must remain open and in good standing to receive the bonus. Also, you may need to submit tax forms like IRS Form W-9 or W-8, since the bonus could be considered taxable income.