Preferred Rewards

Discover your benefits and rewards

There are 3 tiers in Preferred Rewards. Your tier is based on your qualifying combined balances in your Merrill Edge® and Merrill Lynch® investment 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 client.

  • Preferred pricing with Merrill Edge
    $0 online equity and ETF trades1 on your Merrill Edge online investment account.1 See fee details.*
    Gold
    N/A
    Platinum
    up to 30 per month
    Platinum Honors
    up to 100 per month
    Close
  • Unlimited access to trading and analysis tools
    Get access to Merrill Edge MarketPro®, a fully customizable trading platform with advanced research, real-time data, powerful analysis and trading tools.
    Gold
    N/A
    Platinum
    Unlimited Access
    Platinum Honors
    Unlimited Access
    Close
  • Earn more for every dollar you save
    An interest rate booster on a Rewards Money Market Savings account.3
    For example, if the interest rate on a Rewards Money Market Savings account is 1.00%, a 5% rate booster would increase the interest rate to 1.05%. Get 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.4
    Eligible credit cards earn a 25% rewards bonus.
    For example, if you have a cash back credit card and you redeem $100 into a Bank of America checking or savings account, your total cash back would increase to $125.
    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.5
    Gold
    N/A
    Platinum
    up to 12/year (1 withdrawal, balance inquiry and balance transfer each per statement cycle)
    Platinum Honors
    Unlimited
    Close
  • The fast track for client service
    Priority service through the Preferred Rewards Center, a dedicated team of specialists available to handle product and service needs.
    Close
  • Drive away with an interest rate discount
    Want to get an even better rate? As a Preferred Rewards client, you can receive a 0.25%, 0.35% or 0.50% interest rate discount on a new 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

 
Enroll in Preferred Rewards
There are no fees to join or participate in Preferred Rewards. Here's all you need to enroll:
  • An eligible Bank of America personal checking account
  • Three-month average combined balances of $20,000 or more in qualifying Merrill Edge and Merrill Lynch investments accounts and/or Bank of America deposit accounts. Visit the Bank of America learning center for more information.
Enjoy the full benefits
Open a Merrill Edge account and you may qualify for special benefits—like $0 online equity and ETF trades1 (30 per month for Platinum tier and 100 per month for Platinum Honors tier), Merrill Edge MarketPro®Footnote2 and priority customer service. See fee details.*

Not yet a Merrill Edge 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)
* Other fees may apply. Sell trades 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. To learn more about Merrill Edge pricing, visit merrilledge.com/pricing.

You maintain your Preferred Rewards status if you have an active, eligible Bank of America personal checking account and maintain a three month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill Edge and Merrill Lynch investment accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. SafeBalance Banking accounts do not count towards the account or balance requirements, and do not receive the fee waivers and other benefits of the program. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Employee qualification requirements, please visit the Employee Banking & Investments website. The Preferred Rewards Gold tier does not include the $0 online equity and ETF trades via Merrill Edge®, a benefit that is currently available at the Platinum and Platinum Honors tiers of Preferred Rewards. Merrill Lynch Wealth Management clients with greater than $250,000 in assets with Bank of America and Merrill Lynch are eligible for additional banking benefits. Please speak with your Merrill Lynch financial advisor for details.

Eligibility: Commissions are only waived for online stock and ETF trades conducted via an individual or jointly owned online investing and trading personal CMA or IRA account.

Qualify for 30 $0 online stock and ETF trades per month (meet any one of these criteria):
1.   $25,000 or more in combined balances in your Bank of America deposit accounts through 09/30/2017
2.   $25,000 or more in combined cash balances in your Merrill Edge online investing and trading personal CMA and/or IRA accounts through 09/30/2017
3.   Preferred Rewards Platinum client

Qualify for 100 $0 online stock and ETF trades per month (meet any one of these criteria):
1.   Preferred Rewards Platinum Honors clients
2.   U.S. Trust Client

For details about commissions, transaction fees and any other fees that may apply visit merrilledge.com/pricing. Certain account types are not eligible. Other restrictions may apply. Relationship requirements and pricing are subject to change and/or termination without advance notice. For full details about ways to qualify for $0 trades, call 888.MER.EDGE (888.637.3343) or visit merrilledge.com/$0detail. Employees who are subject to an AIM policy must adhere to all of the policy guidelines relating to investment activities.
2 Merrill Edge MarketPro® is available to clients who maintain a Merrill Edge self-directed relationship. To qualify, you must maintain total combined balances of $50,000 or more in your Merrill Edge and Merrill Lynch investment accounts and Bank of America, N.A. deposit accounts, or make at least 15 self-directed trades per quarter. Preferred Rewards Platinum or Preferred Rewards Platinum Honors also qualify. Not available to investment professionals or for trust accounts and business accounts. Relationship requirements and pricing are subject to change.

3 The Rewards Money Market Savings interest rate booster is only available to customers enrolled in the Preferred Rewards program. Your enrollment in Preferred Rewards will not automatically convert any existing money market savings account to a Rewards Money Market Savings account without your request. If your enrollment in the Preferred Rewards program is discontinued, the interest rate booster may be discontinued. The interest rate in the interest rate booster example is for illustrative purposes only. For current interest rate information, view our Rewards Money Market Savings rates.

4 Bonus will vary based on your type of rewards program. BankAmericard Cash Rewards™ and BankAmericard Privileges® with Cash Rewards bonuses apply to rewards redeemed into a Bank of America® checking or savings account or a Merrill Lynch Cash Management Account®. BankAmericard Travel Rewards® bonus applies to customers with a qualifying account. For these cards, if enrolled in Preferred Rewards, your base reward earnings will increase by 25%, 50% or 75%, depending on eligible tier. For example, if you redeem $100 in base rewards, your Preferred Rewards bonus will add $25, $50 or $75 to your reward earnings, totaling $125, $150, or $175, depending on your tier. The bonus will replace the customer bonus you may already receive with the card. For all other eligible points and cash rewards cards, the Preferred Rewards bonus is applied to the monthly base rewards depending on eligible tier. Please click here for a complete list of ineligible cards and additional program details.

5 (ATM) Preferred Rewards Platinum and Platinum Honors tier clients 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 clients, unlimited for Platinum Honors tier clients) from non-Bank of America ATMs in the U.S. and U.S. territories.

6 No fee services: Visit bankofamerica.com/preferred-rewards for a list of no-fee banking services.

7 Auto loan interest rate reduction of 0.25% to 0.50% is valid only for customers who are enrolled in Preferred Rewards at the time of auto loan application and who obtain a Bank of America auto purchase or refinance loan. The maximum interest rate discount on a Bank of America auto loan is 0.50%. This 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 new auto loans through a financial center, contact center, or online and are not available on dealer financing. Benefit is nontransferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.

Some Merrill Edge benefits may be available to customers with less than $20,000 in investable assets. Please speak with a Financial Solutions Advisor for more information about Merrill Edge. Merrill Lynch clients with an active Bank of America personal checking account and a 3-month average combined balance of at least $20,000 can enroll in Preferred Rewards. Merrill Lynch clients with a 3-month average combined balance of at least $250,000 and an active Bank of America personal checking account or eligible Merrill Lynch account and all U.S. Trust® clients are eligible for the Banking Rewards for Wealth Management program. Please speak with your Merrill Lynch financial advisor or U.S. Trust® advisor for more information.

ARP93W5D-EXP033118