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August 07, 2006
Bank of America likes to give away money
Lately, BofA has been offering $50 to open new checking and savings accounts but either no one is going for it or they just decided to be generous. Here's $100 to open a checking account.
I like BofA because I can find the ATMs everywher. Plus, when we went to England, we could use the Barclays ATMs with our BofA ATM cards free of charge.
As always, there's a catch. For the offer linked above, you get hit with a $5.95 monthly fee unless you have direct deposit. You can get around it by transferring at least $25/month from BofA checking or you might be able to get around this by transfering funds from Paypal, ING, HSBC, etc. into your BofA account regularly.
The last time I took BofA's money, I got the bonus in about 30 days. So you could always try out the account and keep it if you like it, or close it, pay one month's worth of $5.95, and walk away with $94.05 (plus a little interest).
I ended up closing my account, by the way. We don't go to England that often and WaMu has a lot of ATMs, too.
Posted by brian at August 7, 2006 04:21 PM
Comments
That's what I've always hated about BofA. Their stupid hidden fees. I've tried them in the past and wasn't too pleased.
Since then, I've been going to a local bank and I recently opened a GMAC money market account, which I'm pleased with.
Great site!
Posted by: Tom at August 9, 2006 06:10 PM
Yeah, I used to have a GMAC money market account. Much better rates (5.00% money market account right now).
http://gmacbank.com/
Posted by: brian at August 9, 2006 07:52 PM