Bank of America will give you $50 for opening a personal checking account. This checking account deal is good until June 30, 2009. You can open a checking account online or at a Bank of America branch location. When you open the checking account be sure to use promotional code AOU261208.

Also be sure to hold onto this offer code. MonitorBankRates.com has heard reports in the past of people not receiving their promotional money and being asked for the promotional code again months later to receive their promo money. This has happened to several different people with several different banks.

The minimum opening deposit to qualify for this offer is $100. This checking deal doesn’t apply to second or multiple checking accounts and/or existing checking customers. Student checking accounts are also not eligible for this offer. Bank of America will report the $50 to the IRS on Form 1099.

As with most checking account promotional deals, the interest rate is the worse part of the deal. The checking account interest rate is 0.05 percent.If you chase this checking deal for the $50, be sure to deposit the minimum of $100 but don’t deposit to much money because you’ll lose out on the interest rate.

Bank of America $50 checking account offer Application