Would you like to earn extra cash just by opening a new checking account? With banks trying to lure more depositors, checking account promotions are abundant this year. There are many checking account promotions offered by banks that are hard to pass by considering the amount they are giving away. Take for example the following:

1. Bank of America. Current checking account promotion of $200 in statement credits. If you work hard to pay your credit card bill this is the kind of checking account that you want to get because it chips in. But there is a catch.

• First, you must open a new checking account.
• Second, you must establish a direct deposit within 3 months of account opening and you will receive the first $100 bonus in statement credits.
• You will earn $20 each  month for 6 months or a total of $100 if you pay your Bank of America credit card online using your new Bank of America checking account.

Bank of America’s current offer is very tempting considering the amount involved. In 2009, the banks’ offer was $75.

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