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Preferred Rewards

Discover your benefits and rewards

There are three tiers in Preferred Rewards. Your tier is based on your qualifying combined balances in your Merrill 体育平台app accounts and/or Bank of America® deposit accounts. As your qualifying balances grow, so do your benefits. Once enrolled, we'll move you up automatically when your balances qualify you for the next rewards tier.

Explore the benefits you could receive as a Preferred Rewards member.

  • Preferred pricing with a Merrill Guided Investing account
    Get a professionally managed portfolio aligned to your goals that's built, monitored and rebalanced by Merrill 体育平台app professionals. Get started with as little as $5,000 for Merrill Guided Investing or $20,000 for Merrill Guided Investing with an advisor.Footnote 7
    Fee discount
    Gold
    0.05%
    Platinum
    0.10%
    Platinum Honors
    0.15%
    Close
  • Earn more for every dollar you save
    An interest rate booster on a Bank of America Advantage Savings account.Footnote 2
    For example, if the interest rate on a Bank of America Advantage Savings account is 1.00%, a 5% rate booster would increase the interest rate to 1.05%. Interest rate shown is for illustration only. Visit bankofamerica.com/savings for current rates.
    Gold
    5% interest rate booster
    Platinum
    10% interest rate booster
    Platinum Honors
    20% interest rate booster
    Close
  • A rewards bonus on eligible Bank of America credit cards.3
    Eligible credit cards earn a 25% rewards bonus.
    For example, for credit cards that earn points or cash rewards, your rewards bonus will be awarded on every purchase. That means a purchase that earns 100 base points will actually earn 125, 150 or 175 and a purchase that earns $1.00 cash rewards will actually earn $1.25, $1.50 or $1.75 based on your tier when the purchase posts to your account.
    Gold
    25% rewards bonus
    Platinum
    50% rewards bonus
    Platinum Honors
    75% rewards bonus
    Close
  • Non-Bank of America ATM transactions when you need them
    No-fee ATM transactions (withdrawals, balance inquiries and balance transfers) with a Bank of America debit or ATM card at non-Bank of America ATMs in the U.S.4
    Gold
    N/A
    Platinum
    up to 12/year (1 withdrawal, balance inquiry and balance transfer each per statement cycle)
    Platinum Honors
    Unlimited
    Close
  • Preferred Rewards mortgage benefits
    On a new purchase or refinance mortgage.
    Save at closing on a new Bank of America purchase or refinance mortgage with a reduction in the Origination Fee, based on your Preferred Rewards tier.Footnote 8
    Reduction in the Origination Fee
    Gold
    $200
    Platinum
    $400
    Platinum Honors
    $600
    Close
  • Drive away with an interest rate discount
    Want to get an even better rate? As a Preferred Rewards member, you can receive a 0.25%, 0.35% or 0.50% interest rate discount on a Bank of America auto purchase or refinance loan.
    Gold
    0.25%
    Platinum
    0.35%
    Platinum Honors
    0.50%
    Close
  • Banking made better with no-fee services
    Enjoy fee waivers on everyday services for Bank of America personal checking and savings accounts:
    • Monthly maintenance fees waived on up to 4 eligible checking and 4 savings accounts from Bank of America
    • No fees for ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, money orders, Check Image Service, check copies, stop payments and incoming domestic wire transfers.
    • Overdraft Protection transfer fees waived from your linked savings accounts or secondary checking accounts
    Close
 

How to get started

 
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Enroll in Preferred Rewards
There is no fee to join or participate in the program. To become a Preferred Rewards member, you will need:
  • An active, eligible Bank of America® checking account.
  • A three-month combined average daily balance of $20,000 or more in qualifying Bank of America® deposit and/or Merrill® 体育平台app accounts.
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Enjoy the full benefits
Open a Merrill account and you may qualify for special benefits — such as preferred pricing on a Merrill Guided Investing account.

Not yet a Merrill client?

 
 
 
Not an Online Banking customer?
Don't have a checking account?
We're here to help
Call a Preferred Rewards Specialist with any enrollment questions. 1.888.888.RWDS (1.888.888.7937)
Footnote asterisk 
Other fees may apply. Sales of ETFs are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs and 体育平台app. To learn more about pricing, visit our Pricing page.
Merrill Guided Investing and Merrill Guided Investing with Advisor have an annual program fee of 0.45% and 0.85%, respectively, based on the assets held in the account. This fee is charged monthly in advance. In addition to the annual program fee, the expenses of the 体育平台apps will vary based on the specific funds within each portfolio. Actual fund expenses will vary; please refer to each fund's prospectus.

Footnote 1 You are eligible to enroll in the Preferred Rewards program if you have an active, eligible Bank of America® personal checking or Bank of America Advantage Banking account and maintain a three-month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill 体育平台app accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. The combined balance is calculated based on your average daily balance for a three calendar month period. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. Your benefits become effective within one month of your enrollment, or for new accounts within one month of account opening, unless we indicate otherwise.

Footnote 
The Bank of America Advantage Savings interest rate booster is only available to enrolled Preferred Rewards members. Your enrollment in Preferred Rewards will not automatically convert any existing savings account to a Bank of America Advantage Savings account without your request. If your enrollment in the Preferred Rewards program is discontinued, the interest rate booster may be discontinued.
Footnote 
Certain credit cards are eligible to receive the Preferred Rewards bonus. Enrolled Preferred Rewards members can receive a Preferred Rewards bonus of 25% for the Gold tier, 50% for the Platinum tier, or 75% for the Platinum Honors tier based on their Program tier and type of card. If your product receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus. The Preferred Rewards bonus for eligible cash rewards credit cards will be applied after all base and bonus cash rewards have been calculated on a purchase. For example, a $100 purchase that earns 3% ($3.00) will actually earn $3.75, $4.50 or $5.25 based on your tier when the purchase posts to your account. For all other eligible card types, a purchase that earns 100 base points will actually earn 125, 150 or 175 points based on your tier when the purchase posts to your account. The Preferred Rewards bonus is not applied to any account opening bonus, if applicable. The Preferred Rewards bonus also does not apply to the bonus earn for certain programs. This information can be found in the Program Rules associated with those credit cards. Other terms and conditions apply. Please refer to your card's Program Rules for details about how you will receive the Preferred Rewards bonus. Program Rules are mailed upon account opening and are accessible through the rewards redemption site via Online Banking or by calling the number on the back of your card.

Visit Bank of America Preferred Rewards for a complete list of ineligible cards.
Footnote 
Preferred Rewards Platinum and Platinum Honors tiers members using a Bank of America® debit or ATM card will not be charged the non-Bank of America ATM fee and will receive a refund of the ATM operator or network fee for withdrawals, balance inquiries and balance transfers (1 each per statement cycle for Platinum tier members, unlimited for Platinum Honors tier members) from non-Bank of America ATMs in the U.S. and U.S. territories.
Footnote 
Visit the Bank of America Preferred Rewards page for a list of no-fee banking services.
Footnote 
Auto loan preferred interest rate discount of 0.25% to 0.50% is based on reward tier and valid only for enrolled Preferred Rewards members or Preferred Rewards for Wealth Management clients at the time of auto loan application who obtain a Bank of America auto purchase or refinance loan. The maximum preferred interest rate discount on a Bank of America auto loan is 0.50%. This preferred interest rate discount is not reflected in our published rates on our website but will be reflected in the interest rate quoted upon loan approval. Discounts are only available on auto loan applications submitted by you to Bank of America and not applications submitted through dealerships. Benefit is non-transferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.
Merrill Lynch® clients with an active, eligible Bank of America® personal checking or Bank of America Advantage Banking account and a three-month average combined balance of at least $20,000 can enroll in Preferred Rewards. Merrill Lynch clients with a three-month average combined balance of at least $250,000 and an active, eligible Bank of America personal checking or Bank of America Advantage Banking account and all Bank of America Private Bank® clients are eligible for the Preferred Rewards for Wealth Management program. The combined balance is calculated based on your average daily balance for a three calendar month period. Please speak with your Merrill Lynch financial advisor or Bank of America Private Bank advisor for more information.

Footnote 
Please review the applicable Merrill Guided Investing Program Brochure (PDF) or Merrill Guided Investing with Advisor Program Brochure (PDF) for information including pricing, rebalancing, and the details of the 体育平台app advisory program. Your recommended 体育平台app strategy will be based solely on the information you provide to us for this specific 体育平台app goal and is separate from any other advisory program offered with us. If there are multiple owners on this account, the information you provide should reflect the views and circumstances of all owners on the account. If you are the custodian of this account for the benefit of another person, please keep in mind that these assets will be invested for the benefit of the other person. Merrill Guided Investing is offered with and without an advisor. Merrill, Merrill Lynch, and/or 体育平台app 体育平台app advisory programs are offered by Merrill Lynch, Pierce, Fenner and Smith Incorporated ("MLPF&S"). MLPF&S and Managed Account Advisors LLC ("MAA") are registered 体育平台app advisers. Investment advisor registration does not imply a certain level of skill or training.
Clients enrolled in Preferred Rewards receive a Preferred Rewards discount off the Merrill Guided Investing program's annual asset-based fee of 0.45%, and the Merrill Guided Investing with Advisor and 体育平台app Advisory Account programs' annual asset-based fee of 0.85% for any of their accounts enrolled in the respective advisory programs. Preferred Rewards-enrolled clients receive a discount of 0.05% off of the annual rate for the Gold tier, 0.10% for the Platinum tier, or 0.15% for the Platinum Honors tier based on their Preferred Rewards tier effective at the time the applicable advisory program fee is calculated. Bank of America Private Bank clients will also receive a discount of 0.15% off of the annual rate. It may take up to 30 calendar days for changes to your Preferred Rewards status or tier to be associated with and effective for your accounts in the advisory programs. This fee is charged monthly in advance. In addition to the annual program fee, the expenses of the 体育平台apps will vary based on the specific funds within each portfolio. Actual fund expenses will vary; please refer to each fund's prospectus. Sales of ETFs are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs and 体育平台app. To learn more about pricing, visit merrilledge.com/pricing. Preferred Rewards for Wealth Management clients other than Bank of America Private Bank clients, do not receive the Merrill Guided Investing fee discount.

Footnote 8 The origination fee reduction is available to clients who are enrolled or are eligible to enroll in Preferred Rewards at the time of application for a new purchase or refinance loan (for co-borrowers, at least one applicant must be enrolled or eligible to enroll). Amount of the reduction ($200 for Gold tier, $400 for Platinum tier and $600 for Platinum Honors tier) is based on your eligible tier at the time of mortgage application and is not subject to adjustment. This reduction will not exceed the amount of the Lender Origination Fee. Eligibility will be available three or more business days after the end of the calendar month in which you satisfy the requirements. Some discounts cannot be combined. For details on requirements, visit the Preferred Rewards section of the Personal Schedule of Fees Benefit is non-transferable. Bank of America Private Bank clients receive Private Bank mortgage rates and fees through their client team. Contact your client team for details.

"Get more rewards with your everyday banking", 体育平台app, Merrill Lynch, the Bull Symbol, Cash Management Account, Merrill Lynch Wealth Management, Bank of America Private Bank, Better Balance Rewards, Bank of America Accolades, 体育平台app MarketPro, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.

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