Footnote
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 mutual funds. To learn more about Merrill pricing, visit our Pricing page.
Footnote
BofA Rewards™ Eligibility. Customers can enroll and maintain their membership in BofA Rewards™ if they have an open, qualifying Bank of America
® checking account. BofA Rewards tiers are based on each customer's combined average balance in qualifying deposit and investment accounts. The minimum balance for each tier is: Member, no minimum balance; Preferred Plus, $30,000; Preferred Honors, $100,000; and Premier, $1,000,000. When you enroll, you'll be placed in the appropriate tier for your combined average balance and then moved to the highest tier you're eligible for based on one of the following:
- for the 30 calendar days following your first enrollment, the combined end-of-day collected balance of your qualifying accounts ("Daily Balance"), provided that your Daily Balance remains above the required amount for a minimum of three business days; or
- subsequently, the combined average balance of your qualifying accounts calculated on the third business day of each month.
Eligible customers will be moved to the higher tier within 3 business days. New tier benefits may take up to 30 days to become effective. For full terms, including qualifying accounts and the method of calculation of average balances, refer to your
Personal Schedule of Fees.
Additional Eligibility. Employees and retirees of Bank of America may be eligible for BofA Rewards membership on customized terms. For details, please call Employee Financial Services or refer to the Bank of America intranet site. Bank of America Private Bank clients qualify to enroll in the Premier tier regardless of balances. Employees of companies participating in the Bank of America Employee Banking and Investing Program may be eligible for BofA Rewards on customized terms. Refer to
CEBI Program for details.
Footnote
Credit Card BofA Rewards™ Bonus. Certain credit cards are eligible to receive a BofA Rewards™ bonus. Enrolled BofA Rewards members with eligible Bank of America
® credit cards can receive a BofA Rewards bonus of 10% for the Member tier, 25% for the Preferred Plus tier, 50% for the Preferred Honors tier, or 75% for the Premier tier. If your card receives the 10% customer bonus, the BofA Rewards bonus will replace the 10% customer bonus. The BofA 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 $3.30, $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 110, 125, 150, or 175 points, based on your tier when the purchase posts to your account. The BofA Rewards bonus also does not apply to the bonus earn for certain programs and is not applied to any account opening bonus or non-standard rewards that are part of a special offer, unless we indicate otherwise. If you enrolled in Preferred Rewards before May 26, 2026 your credit card account may be eligible for an extended card benefit. Visit the activity section of
BofA Rewards for more details. Other terms and conditions apply. Please refer to your card's Program Rules for details about how you can receive the BofA 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.
View a complete list of ineligible cards popup.
Footnote
First Mortgage. The origination fee reduction and/or interest rate reductions are offered to clients who are enrolled or are eligible to enroll in BofA Rewards™, based on their rewards tier at the submittal of a mortgage loan application to Bank of America, N.A. for a new purchase or refinance loan (for co-borrowers, at least one applicant must be enrolled or eligible to enroll). The rewards tier is not subject to adjustment after the application is submitted. The origination fee reduction ($100 for Member tier, $300 for Preferred Plus tier and $600 for Preferred Honors tier) will not exceed the amount of the Lender Origination Fee. In order to receive the full Premier interest rate reduction of 0.375% the client must be approved for an eligible loan and enroll in PayPlan, our automatic payment service, designating an eligible Bank of America checking or savings account. To allow us to apply and disclose the interest rate reduction and close the loan timely, we encourage Premier tier clients to enroll in PayPlan as soon as possible and prior to the expected loan closing date. PayPlan is not available on VA and FHA products and Premier tier clients closing loans without PayPlan enrollment receive a 0.125% interest rate reduction benefit. For adjustable rate mortgages (except PrimeFirst
®), the discounts are applied to the interest rate only during the initial fixed-rate period. For PrimeFirst
® adjustable rate mortgages, the discount is applied to the margin and cannot reduce the margin below 0%. Some BofA Rewards benefits cannot be combined with other offers. All mortgage interest rate reduction offers may be subject to a maximum interest rate reduction limit. For further details, visit the BofA Rewards section of the
Personal Schedule of Fees. BofA Rewards benefits are non-transferable and are not available with Custom Residential Real Estate financing. Credit and collateral subject to approval. Terms and conditions apply. Programs, rates, terms and conditions subject to change without notice.
Footnote
Auto Loan. BofA Rewards™ members who apply for an auto loan receive an interest rate discount of 0.10% for Member, 0.25% for Preferred Plus tier, 0.35% for Preferred Honors tier, and 0.50% for Premier tier based on their BofA Rewards tier at the time of auto loan application. The maximum BofA Rewards interest rate discount on a Bank of America auto loan is 0.50%. This interest rate discount is not reflected in all our published rates on our website but will be confirmed and reflected in the interest rate quoted upon loan approval. Discounts are only available on auto loan applications submitted by you directly to Bank of America through its website, Financial Centers, or Bank call centers. Discounts are not available for motor vehicle leases or for applications sourced from car dealerships, car manufacturers, or third-party branded/co-branded relationships. Benefit is non-transferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.
Footnote
No Fee Banking Services. Refer to the
Personal Schedule of Fees for information on which fees are waived with BofA Rewards™ and other program benefits.
Footnote
BofA Rewards™ Lifestyle Benefits. You must be enrolled in the BofA Rewards™ program's Preferred Honors or Premier tiers to be eligible for lifestyle benefits or experiences. Lifestyle benefits are provided by third-party vendors not affiliated with Bank of America®. Terms and fulfillment of the offers are the responsibility of the third-party vendors, not of Bank of America. Bank of America does not provide your customer information to the third-party vendor, but by contacting them to take advantage of an offer you will identify yourself as a Bank of America customer. Some offers may be open only to a limited number of BofA Rewards members. Offers can change without notice. You must be 21 years of age or older to participate in offers which include alcohol.
Footnote
BofA Rewards™ Subscription Credits. In order to be eligible for the subscription credit benefit, you must:
- Be enrolled in the BofA Rewards program's Preferred Honors or Premier tiers.
- Agree to the full terms of the subscription credit benefit from the subscription credit benefit page within BofA Rewards.
- Make payments directly to eligible merchants using your Bank of America debit card linked to a checking account that you designate via the subscription credit benefit page.
Preferred Honors tier members may receive statement credits up to $8 per month, and Premier tier members may receive up to $15 per month. Eligible merchants are subject to change without notice. Currently eligible merchants can be found on the subscription credit benefit page.
BofA Rewards is a trademark of Bank of America Corporation. Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. All other trademarks are the trademarks of their respective owners.
Footnote
BofA Rewards exclusive deals. BofA Rewards™ members will be eligible for exclusive deal offers. All such offers are subject to the standard terms and conditions of the deals program. Refer to the
Deals homepage for details.
Footnote
My Credit. My Credit, including FICO
® Score, is for educational purposes only and accessible through Mobile and Online Banking. Certain My Credit features, content and related material may be available only in English. You must be at least 18 years of age, be an owner or co-owner of an eligible Bank of America consumer account, have a Social Security number, and have a U.S. address in your Online Banking profile. Data connection required. Carrier fees may apply. Identity Monitoring is available for clients enrolled in BofA Rewards™. To learn more, visit
bofa.com/MyCredit. FICO
® Score is a registered trademark of Fair Isaac Corporation in the United States and other countries.
Footnote
Non-Bank of America ATM Benefit. Account owners enrolled in BofA Rewards™ who qualify for the Preferred Plus tier that use a Bank of America Debit or ATM card at a non-Bank of America ATM in the U.S. qualify for a waiver of the Non-Bank of America ATM fee for one withdrawal and one transfer per statement cycle, as well as receive a refund of the ATM Operator Fee for one withdrawal and one transfer per statement cycle. Account owners enrolled in BofA Rewards who qualify for the Preferred Honors or Premier tier will qualify for a waiver of the non-Bank of America ATM fee for withdrawals and transfers from non-Bank of America ATMs in the U.S. and receive a refund of the ATM operator fee when using a Bank of America Debit or ATM card.
Footnote
No Fee Banking Services. Refer to the
Personal Schedule of Fees for information on which fees are waived with BofA Rewards™ and other program benefits.
Footnote
Foreign currency cash exchange rate discount. Account owners enrolled in BofA Rewards™ and who qualify for the Preferred Plus, Preferred Honors or Premier tiers receive an exchange rate discount for mobile and online foreign currency cash orders plus free standard shipping when shipped to an eligible home address or Financial Center.
Footnote
BofA Rewards™ Home Equity Line of Credit. Home Equity Line of Credit (HELOC) interest rate discounts are offered to clients who are enrolled or are eligible to enroll in BofA Rewards, based on their rewards tier at the submittal of home equity application (for co-borrowers, at least one applicant must be enrolled or eligible to enroll). Amount of discount (0.00% for Member tier, 0.250% for Preferred Plus tier, 0.375% for Preferred Honors tier, and 0.625% for Premier tier) is based on the rewards tier at the submittal of home equity application and is not subject to adjustment after the application is submitted. For further details, visit the BofA Rewards section of the
Personal Schedule of Fees. Benefit is non-transferable. BofA Rewards home equity benefit can be combined with certain other home equity interest rate discounts. Credit and collateral subject to approval. Terms and conditions apply. Programs, rates, terms and conditions subject to change without notice.
Footnote
Please review the applicable
Merrill Guided Investing Program Brochure (PDF) or
Merrill Guided Investing with Advisor Program Brochure (PDF) for information including the program fee, rebalancing, and the details of the investment advisory program. Your recommended investment strategy will be based solely on the information you provide to us for this specific investment 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 fiduciary of this account for the benefit of the account owner or account holder (e.g., trustee for a trust or custodian for an UTMA), please keep in mind that these assets will be invested for the benefit of the account owner or account holder. Merrill Guided Investing is offered with and without an advisor. Merrill, Merrill Lynch, and/or Merrill Edge investment advisory programs are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") and Managed Account Advisors LLC ("MAA") an affiliate of MLPF&S. MLPF&S and MAA are registered investment advisers. Investment adviser registration does not imply a certain level of skill or training.
The Chief Investment Office (CIO) develops the investment strategies for Merrill Guided Investing and Merrill Guided Investing with Advisor, including providing its recommendations of ETFs, mutual funds and related asset allocations. Managed Account Advisors LLC (MAA), Merrill's affiliate, is the overlay portfolio manager responsible for implementing the Merrill Guided Investing strategies for client accounts, including facilitating the purchase & sale of ETFs and mutual funds in client accounts and updating account asset allocations when the CIO's recommendations change while also implementing any applicable individual client or firm restriction(s).
Clients enrolled in BofA Rewards™ receive a discount off the Merrill Guided Investing program's annual asset-based fee of 0.45%, and the Merrill Guided Investing with Advisor and Merrill Edge Advisory Account programs' annual asset-based fee of 0.85% for any of their accounts enrolled in the respective advisory programs. BofA Rewards enrolled clients receive a discount of 0.10% for the Preferred Plus tier, or 0.15% for the Preferred Honors and Premier tiers based on their BofA Rewards tier effective at the time the applicable advisory program fee is calculated. It may take up to 30 calendar days for changes to your BofA 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 investments will vary based on the specific funds within each portfolio. Actual fund expenses will vary; please refer to each fund's prospectus.
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