Bank of America - Get Paid $100 to Open a Checking Account

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Bank of America - Get Paid $100 to Open a Checking Account

Bank of America is offering $100 for new customers that open a checking account with them

- This offer is available only to new customers who open a qualifying personal checking account with a minimum balance of $500
- The new checking account must be open for at least 30 days
- You must make a minimum of one transaction with the newly assigned check card

- Link to Details
- Offer code AOU261109
- Expires 01/31/10
 
B of A is awful. Join a credit union instead.
 
I have been a BoA customer for over 10 years. I have never missed a payment on my cc and yet the other day they reduced my available balance to down to almost the amount I owe on the card. I spoke to some friends and it seems that they are doing this to most of their customers. BAD BAD behavior to reduce my credit when I have never been late on anything with them.
Be warned I would completely leave them if I did not have outstanding debt with them right now. I will leave once I pay it off.

The reason they are offering this good deal is because of their recent policies are driving off all their customer base. They will screw you and they don't care. Just ask a room full of people and you will get angry responses!
 
The reason for the change is cause new laws are in effect & they have 8 months to start them so they are changing your account to avoid risk for them.
 
I work for a bank and with the economy in the state it is in, all banks are cutting unused credit. That includes credit cards, lines of credit, etc. If your debt to income ratio is to high, your have lost some income or your credit score has decreased, banks are paying attention to all of that now. You should be thanking the bank for cutting your limit so now it gives you the ability to pay it off quicker without being able to spend more. Use your debit card to make your purchases. You can go to another bank, but I promise you that if you do apply for a credit card, your limit will not be anywhere near what your BOA card used to be. It will be similar to what it is now and that is even if the card gets approved.
 
Bank of America is notorious for rearranging your funds in order to cause you to overdraft. I can't recall what the penalty was, but it was far too high (especially considering that the people technically hadn't overdrafted at all; I believe Bank of America intentionally delayed their deposits and prioritized their withdrawals). Apparently legislation is being passed on this practice and should also make the penalty for overdrafting proportional to the amount overdrafted.

For what it's worth, Chase was offering a similar promotion with new checking accounts but it might have expired by now.
 
I agree with many people BOA is not worth it. I am in process of leaving them. I had credit score of 820, never late on any payments at all, Recently I was buying Pre Owned BMW 750LI , Applied from dealer to BOA for 49K loan, Only reason I was to keep on buliding credit they declined my loan application, saying I haven't borrowed this much money before. Above all I have my Direct Deposit salary Paycheck giong in to BOA account.

I worte a 1.5 page angry letter to them asking to take action against person who declined my application, they just sent me same generic letter again which they had sent me prior to my complaint.

Above all I am practicing ONCOLOGIST with 6 figure salary and they knew it.

Bottom line they don't care I don't know if other banks do but I think smaller local bank wants my buisness and Just to punish them I am moving my money.

100 dollar is not worh a credit check hit on your credit history.

P.S: I paid full 49K with in 30 days and by BOA check written from my BOA account
 
B of A

This is great ! I've been looking to switch from my credit union due to the fallen economy credit unions are closing a lot of their branches! I can read very well unlike some people on here, B of A is giving $100 to open a CHECKING account not to open a loan nor a credit card! Therefore if you are looking for just a simple checking account with a reward this is a good deal.... and Chase was giving $50......
 
My credit is also impeccable with a number of revolving credit cards. B of A is the only bank to close out 2 accounts. I would not expect much from them either. I also had a large debt with them I retired without incident and good history. I believe their actions are independent of other banking institutions.
 
Just to add to the chorus....

We have been loyal customers for 15 years+ with an impeccable credit history and score. Still we were treated like dirt in every department except for the local friendly teller.

Although it was a pain in the keister, we closed all accounts with them recently.
Scumbag organization.
 
Closed our accounts the other day, too. Haven't used them in a while and they have horrible rates. Plus, aren't they Obama-owned, too?
 
Be focussed and seek the rewards

I agree with every one and with each and every posting. I have exactly the same to say and also closed all my accounts including my credit cards more than 3 years ago. However I will open the account again for the hundred dollars they want to give and close my account in a year or so. I got a hundred dollars a year ago from Key bank. I guess now is the time for me to close Key bank account and pursue B of America account. I am sure we all joined spoofee to take adv of deals out there on the web. And here is an offer which is not a deal but an offer to give you free cash. You dont have to buy anything etc. You just get a hundred dollars cash with very little effort. I am not saying that I am an unscrupulous person who will do anything do gain some cash, but I am saying that my intentions are to stay focussed and seek what the bootom line is !!!!! when I browse thru spoofee website.
 
Like them or hate them, where else can you get a 20% return on your investment in 30 days?
LoL.
Deposit $500 for atleast 30 days and get $100 bonus?
Sounds like a deal to me.
 
Just to add ... today my husband went to cash a BOA check for apx. $100 at a BOA. My husband didn't have an account there but had ID. Any other bank we ever went to checked your id & gave you the cash. But they actually fingerprinted my husband and put a copy of his print on the check and charged him a $6 fee!!I personally would have walked out. He is also writing the angry letter. What a horrible bank!!
 
Bank of America

Cashing a check for no matter what amount the check is for, has a standard set of policies. Lets say a bank cashes its own check for five dollars when you just present an ID. Now what the bank did becomes a policy. So if I walk into a bank of A with a bank of A check for 50,000 dollars and an ID, the bank has to cash it because a policy is a policy no matter if the check is for 5 or 50,000. All Banks have to follow rules set by the Congress/FDIC etc etc. By cashing a check with very little paper trail 5 or 50,000 or even 100,000 will be hard to correct if at a later point the bank finds out that a mistake has occured. For ex the ID could be a fake one. The bank has no way of checking your ID, or the check could be a fake one. With no paper trail and just to rely on the fact that you walk in with a real check and a real ID and walked out with the money involves a lot of uncertainities. In that short time it is hard to verify if the id is real or the check is real. However IF you deposit the check into some sort of an established bank account most of the guess work is eliminated at that point. They know whom they are dealing with, and it is easy to correct any mistakes because they will not release the funds for 5 days or so. Remember the movie catch me if you can, Leonard dicaprio scams a lot of money by presenting fake out of state checks. If a bank policy exists where you can cash a check with an ID, by this time there would be a lot scams out there. A new can of worms for the Banks and the cops to deal with. However instead of relying on an ID brought by you and believe it face value, the Bank decides to get its own proof and that is your finger print for the cops to pursue if things go wrong. The finger print is a std procedure all banks follow per the rules and regulations all banks agreed to. If you say that another bank cashed a check with just an ID, they are doing that at their own risk. If there was a problem with the transaction the law will not come to their rescue because they did not follow the set procedures of taking a finger print before you cashed a check.
 
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The $6 fee kty1's husband paid isn't a standard regulation though. There is a reason I don't use Buttrippers, I mean, Bank of America anymore.
 
B of A

I agree that the six dollars charged was not regulation. However THINGS have changed from the time Thomas J made that quote to the present day.
The assumptions underlined during that period are not the same as in the present time. It is a good idea to rely on the foundations laid by our fore fathers/mothers as guidelines, but to totally depend on them to lead us in to the future would be ignoring a lot of improvement the universe has gone thru since Thomas J days. When I say "improvement" I meant for the good or worse.
And by the way I thought the Govt was no other than the same as the Govt itself.
that this nation, under God, shall have a new birth of freedom -- and that government of the people, by the people, for the people, shall not perish from the earth. Abe Lincoln.
 
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