Endless Gibberish

$60 bonus for BoA

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I was talking to the online CSR at Bank of America and asked about any bonuses for opening up accounts. The CSR told me there is a $60 bonus for opening up a student savings and student checking account and a $125 bonus for non-student accounts. The student accounts have a lot less fees and minimum initial opening balances so I went with the student accounts although it is a smaller bonus. Initial funding minimum was $125, which you can charge to your credit card. The charges count as purchases, not cash advances. So I was thinking about funding the maximum, whatever that might be to get the 1% cashback reward but my credit limit is only $800 for the Citi Dividend Card and I might need it for gas and supermarket purchases (5% cashback). I funded $125 from my credit card and 4 days later they e-mailed telling I was approved. According to the CSR it takes up to 45 business days for my account to be credited.

I also signed up for the Keep the Change program from BoA. Check it out here: http://www.bankofamerica.com/promos/jump/ktc/

Oh yeah, the promo code is B60, not sure when the expiration is so verify with the CSR.

In response to the comment: The student checking is free for 5 years and the savings account is free for 6 months and then an average balance of $300 is required or monthly transfer of $25 from checking to savings. So the fees are virtually nonexistent for this offer.