Bank of America $100 Free Cash Alert!

Posted by Jacques - July 8, 2009

Earlier this year I talked about making money by participating in bank promotions. Now, I don’t condone opening bank accounts simply for the reason of making money, but making money while evaluating a bank’s services seems like a fair deal to me.

I just saw an advertisement for Bank of America’s Get More promotion. In this new program they pledge to give you a $100 bonus for opening a new account, and charging something to your debit card within 30 days. You’ll need $250 to deposit in order to participate, but that’s a return of 30% over 90 days, or if you want to compare to interest in a savings account, an annualized rate of 120% versus 1-2% for your standard savings.

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