Bank of America offers a $200 bonus for new customers who set up direct deposit into their eligible checking accounts. To qualify, customers must open a new account and receive a qualifying direct deposit of at least $250 within 90 days. The bonus is credited to the account within 60 days of meeting the requirements. This promotion is a great way to kickstart your banking experience with Bank of America, providing both convenience and a financial incentive for new account holders. Be sure to check the terms and conditions for eligibility details.