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Bank of America $300 New Checking Offer with $2000 direct deposit

+46 Deal Score
54,518 Views
Bank of America New Checking Bonus $300
Expires 01/31/2025

https://promotions.bankofamerica....wToBankCta
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Created 10-22-2024 at 10:19 AM by SlickLocket671
in Finance Bank of America - Bank Advertiser
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Joined Dec 2016
L3: Novice
> bubble2 211 Posts
14 Reputation
kylepaqu
01-23-2025 at 05:26 AM.
01-23-2025 at 05:26 AM.
Quote from blackfog :
So I got denied due to a bad bank deposit score from Early Warning Systems!? I have prime credit and banking history with multiple banks. I do open/close a few accounts a year to take advantage of these new account bonuses so that could be having an impact on the score.

Going to open an inquiry with this third party and see what they got on file for me. Just a head's up in case anyone else gets denied.

I also got denied. Did you figure any information out about this?
Reply
Joined Feb 2009
L3: Novice
> bubble2 244 Posts
92 Reputation
blackfog
01-23-2025 at 06:30 AM.
01-23-2025 at 06:30 AM.
Quote from kylepaqu :
I also got denied. Did you figure any information out about this?

Sort of. I got a report from early warning systems and they listed all the deposit history I had with all my accounts the past few years. They didn't explain how I received a low score. I can only conclude that my deposits were low on new accounts (just to get banking bonuses) I received a poor score. Even though my main account has been open for 10 years with consistent deposits. Really hard to dispute the score when they don't explain the formula. I can only dispute the accuracy of the report (e.g. missing accounts or transactions).
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Joined Mar 2004
L10: Grand Master
> bubble2 6,666 Posts
5,521 Reputation
practicalme
02-09-2025 at 12:14 PM.
02-09-2025 at 12:14 PM.
Quote from blackfog :
Sort of. I got a report from early warning systems and they listed all the deposit history I had with all my accounts the past few years. They didn't explain how I received a low score. I can only conclude that my deposits were low on new accounts (just to get banking bonuses) I received a poor score. Even though my main account has been open for 10 years with consistent deposits. Really hard to dispute the score when they don't explain the formula. I can only dispute the accuracy of the report (e.g. missing accounts or transactions).
If you open and close accounts too quickly and too often, that will affect your EWS. I believe accounts need to be open 6 months to no longer be considered new on EWS reports.
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Last edited by practicalme February 9, 2025 at 12:16 PM.
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