Cloud RAN Accelerators: which one is in the lead, and why? - Ericsson

Image
Press play on photo to watch the video Do you want to listen to this videoepisode instead? Play the audio only. Service providers' key expectations from 5G and toward 6G era are to successfully manage the immense traffic growth and leverage mobile networks to support new use cases. To put the expectations into concrete numbers – the projections say that 5G subscriptions will reach 1 billion, and the average monthly usage per smartphone will surpass 15 GB by the end of this year and then grow to 40 GB by the end of 2027. As mid-band brings the potential of high capacity to explore new use cases with high bandwidth demand, new considerations appear on how to get the most out of 5G in Cloud RAN, impacting service providers' strategy of designing their 5G networks and selecting the best RAN processing option. Talking about processing and the time-critical nature of some elements, different parts of the RAN software stack have different requiremen

Bank of America Promotions Of June 2022: $100, $200, $500 Bonus Offers - Forbes

Bank of America (BofA) wants to welcome you as a new customer—with several hundred dollars cash when you open a business or personal checking account.

As the second-largest U.S. bank in terms of assets, Bank of America has a national presence in keeping with its name: It operates 4,100 branch locations and 16,000 ATMs across 37 states and the District of Columbia. BofA serves around 37 million U.S. customers, including those who hold a substantial amount of assets with the bank and qualify for its Preferred Rewards program, offering reduced fees and additional perks.

Bank of America is eager for new customers, too, and uses attractive sign-up bonuses to bring them in.

How Can You Earn a Bank of America Checking Account Bonus?

It's relatively easy to qualify for a Bank of America promotion as a new consumer or business checking customer. Here are the steps:

  • Open a new Bank of America checking account through a promotional offer or by using a Bank of America offer code.
  • Meet the promotion's qualifying conditions. Personal checking accounts generally require a minimum ongoing direct deposit. Business accounts usually require you to make a minimum amount of new-money deposits into your account, and maintain an average balance during a qualifying period.
    • Receive your bonus, usually 60 days after you meet the requirements.

    Here are the current Bank of America new-account promotions for individual and business checking customers. Offer details are accurate as of May 25, 2022.

    Bank of America Promotions for 2022

    Bank of America Advantage Banking: Earn $100

    Bank of America offers a suite of checking account products for consumers, under its Advantage Banking brand.

    Options include: Bank of America Advantage SafeBalance Banking®, a "checkless" checking account that doesn't allow paper check writing and has a $4.95 monthly maintenance fee;  Bank of America Advantage Plus Banking®, which Bank of America calls "a good choice if you want everyday banking" and carries a $12 monthly fee; and Advantage Relationship Banking, which earns an annual percentage yield (APY) of up to 0.02% and has a $25 monthly fee.

    • What is the offer? Open a new Bank of America Advantage Banking personal checking account online, using offer code DNL100CIS. Then, set up and receive qualifying direct deposits of $1,000 or more into the account within 90 days to receive a $100 bonus.
    • What is considered a direct deposit? Deposits of regular monthly income—such as a salary, pension or Social Security—using your account and routing numbers count as qualifying direct deposits for this promotion.
    • When do you receive your bonus? Bank of America says it will attempt to deposit your bonus within 60 days after you satisfy the qualification requirements.
    • Is there a time limit on the offer? Yes. It's available to new customers who open accounts by June 30, 2022.
    • Can you avoid the monthly service fee? Bank of America offers several ways for Advantage Banking customers to fend off the maintenance fees:
      • Students under age 25 or other account holders under 18 can receive fee waivers for Advantage SafeBalance Banking accounts.
      • Advantage Plus Banking customers can avoid fees each month with a qualifying direct deposit of $250, or by maintaining a daily balance of $1,500 or more.
      • With Advantage Relationship Banking, Bank of America waives the monthly fees when a customer keeps a combined balance of at least $10,000 across linked accounts.
      • You pay no service fees for any Advantage Banking checking account if you're enrolled in Preferred Rewards.

    Bank of America Business Checking: Earn $500

    For small business customers, Bank of America offers Business Advantage checking, featuring access to small business specialists and tools, including the bank's Cash Flow Monitor. The more basic Bank of America Business Advantage Fundamentals™ Banking has a monthly maintenance fee of $16, while the more comprehensive Bank of America Business Advantage Relationship Banking account carries a monthly fee of $29.95.

    • What is the offer? Earn a cash bonus of $500 when you make $20,000 in qualifying deposits within 30 days of opening a new business checking account, then maintain a minimum average balance of $20,000 for the next 60 days—until 90 days after the account was opened.
    • What is considered a qualifying deposit? You must deposit new money not currently or previously held in any account at Bank of America or its Merrill wealth management division.
    • When do you receive your bonus? Bank of America says it will attempt to deposit your cash bonus into your Business Advantage Banking account within 60 days from the end of the qualifying period.
    • Is there a time limit on the offer? Yes. It's available to new customers who open accounts by June 30, 2022.
    • Can you avoid the monthly service fee? The fees will be waived each month if you maintain an average balance across your business checking accounts, become a member of BofA Preferred Rewards for Business, or complete other requirements:
      • Business Advantage Fundamentals customers must maintain a $5,000 combined average balance across business accounts or spend at least $250 on new net purchases with their business debit card.
      • Business Advantage Relationship accounts must maintain a $15,000 combined average balance.

    Bank of America Business Checking: Earn $100 or $200

    You can earn a bonus for opening a new Bank of America business checking account even if you don't have $20,000 to keep on deposit. This promotion applies to the same accounts as the $500 bonus: Bank of America Business Advantage Fundamentals™ Banking (which has a monthly maintenance fee of $16); and Bank of America Business Advantage Relationship Banking (with a monthly fee of $29.95).

    • What is the offer? Earn up to a $200 cash bonus when you open either Business Advantage checking account, make a qualifying deposit within 30 days, then maintain a balance of at least $1,000 for the following 60 days—until the 90th day after the account was opened. Deposit and keep an average $1,000 in your account to get a $100 bonus, or deposit and maintain an average $2,000 balance for a $200 bonus.
    • What is considered a qualifying deposit? It must be "new money," not transfers from other Bank of America or Merrill accounts.
    • When do you receive your bonus? Bank of America will attempt to deposit the cash into your Business Advantage Banking account within 60 days from the end of the qualifying period.
    • Is there a time limit on the offer? Yes. It's available to new customers who open their accounts by Dec. 31, 2022.
    • Can you avoid the monthly service fee? The fees are waived if you maintain an average balance across your business checking accounts, become a member of Preferred Rewards for Business, or complete other requirements:
      • Business Advantage Fundamentals customers must maintain a $5,000 combined average balance across business accounts or spend at least $250 on new net purchases using their business debit card.
      • Business Advantage Relationship accounts must keep a $15,000 combined average balance.

    Is a Bank of America Welcome Bonus a Good Deal?

    Bank of America's welcome bonuses for new personal checking accounts are competitive, on par with bonuses frequently offered by other large national banks. But they're not as generous as some of the best bank bonuses out there.

    And while BofA's $500 bonus offer for new business customers has a stiff minimum deposit and balance requirement ($20,000), the $100 and $200 promotions have fairly simple requirements to qualify.

    What Else Should You Know About Bank of America Checking Account Promotions?

    Your Account Must Be Open to Receive A Welcome Bonus

    Bank of America requires that you keep your account open until the date your bonus is paid. Customers usually receive their cash within 60 days after meeting the qualification requirements.

    Your Bonus May Be Taxable

    Your bank account bonus may be considered taxable income. If required by law, Bank of America may withhold taxes or other amounts from your bonus payment. The bank says it may also issue you an IRS Form 1099 that reflects the value of your welcome bonus.

    You Must Be a New Customer

    Bank of America welcome bonuses are for new checking account customers.

    You qualify as a new personal checking customer if you have not owned or co-owned a Bank of America consumer checking account within the last 12 months. You can receive only one welcome bonus as a new personal checking customer.

    Business checking customers wanting to receive a bonus must not have been an owner or a signer on a Bank of America Business Advantage account within the last 12 months. Even if you own multiple businesses, you are eligible to receive only one bonus as a new business checking customer.

    Find The Best Online Savings Accounts Of 2022

    Learn More

    Bottom Line

    Bank of America has a strong national presence with thousands of branches and over 16,000 ATMs, making it a good choice for customers in most states who are looking for banking convenience. The bank offers $100 for new personal checking account customers and up to $500 for new small business checking account customers, with relatively easy qualification requirements.

    Bank of America's Preferred Rewards program can make the bank a great long-term choice if you are looking to keep substantial assets in one place. If you are just looking to get started, an extra $100, $200 or $500 for a new checking account can be a great deal.

Bank of America Promotions Of June 2022: $100, $200, $500 Bonus Offers - Forbes

Comments

Popular posts from this blog

Cloud RAN Accelerators: which one is in the lead, and why? - Ericsson

Top ICT tenders: Eskom looks to customer engagement - ITWeb

Virginia Tech Pamplin alumnus Jay Ives included in Forbes' 30 ... - Virginia Tech Daily