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1 Eligibility: Offer only available to customers who receive this offer via a direct communication from a Bank of America small business specialist or from a Bank of America communication. You must open your Bank of America business checking account by July 31, 2018, and the qualifiers of all Select Business Products selected must be met within 60 days of opening your new checking account. Bank of America may change or terminate this offer before this date without notice. Bank of America employees are not eligible for this offer. To redeem this offer, please visit with your Bank of America small business specialist.

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Terms from the bank website as of 01/05/2018 : 
 

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To receive the business checking bonus: 1) Open a new Chase Total Business Checking® account, Chase Performance Business Checking® (or Chase Performance Business Checking® with Interest) account or Chase Platinum Business CheckingSM account, which is subject to approval; 2) Deposit $1,000 or more in new money into your new checking account within 10 business days of account opening; and 3) Maintain at least $1,000 balance for 60 days from the date of deposit. The new money cannot be funds held by Chase or its affiliates. 4) Complete 5 qualifying transactions within 60 days debit card purchases, Chase QuickDepositSM, ACH (Credits), wires (Credits and Debits). After you have completed all the above checking requirements, we'll deposit the bonus in your new account within 10 business days. You can only receive one new business checking account opening related bonus per calendar year and only one bonus per account. Employees of JPMorgan Chase Bank, N.A. ("Chase") and our affiliates are not eligible. Chase reserves the right to withdraw this offer at any time without notice. Bonuses are considered interest and may be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
Bonus/Account Information: Checking offer is not available to existing Chase business checking clients, local, state or federal Government entities or agencies, Not for Profit organizations, Political Action Committees, or those with fiduciary accounts, campaign accounts, or whose accounts have been closed within 90 days or closed with a negative balance.
2Chase Total Business Checking® has no Monthly Service Fee when you maintain a daily minimum balance of $1,500 or more or if you maintain a linked Chase Private Client CheckingSM or Chase Premier Platinum CheckingSM personal account. Otherwise a $15 Monthly Service Fee will apply ($12 Monthly Service Fee when enrolled in Paperless Statements).