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 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 a Merrill Edge® Self-Directed
    $0 online stock and ETF tradesFootnote 1 with a self-directed. Other fees may apply.*
    Gold
    up to 10 per month
    Platinum
    up to 30 per month access to Merrill Edge MarketPro™Footnote 2
    Platinum Honors
    up to 100 per monthaccess to Merrill Edge MarketPro™Footnote 2
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  • 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 investment professionals. Get started with as little as $5,000 for Merrill Guided Investing or $20,000 for Merrill Guided Investing with an advisor.Footnote 8
    Fee discount
    Gold
    0.05%
    Platinum
    0.10%
    Platinum Honors
    0.15%
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  • Earn more for every dollar you save
    An interest rate booster on an eligible savings account.Footnote 3
    For example, if the interest rate on a Rewards Savings or eligible 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 products and rates.
    Gold
    5% interest rate booster
    Platinum
    10% interest rate booster
    Platinum Honors
    20% interest rate booster
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  • A rewards bonus on eligible Bank of America credit cards.4
    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
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  • 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
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  • Preferred Rewards mortgage benefits
    On a new purchase or refinance mortgage. Other fees may apply.*
    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 9
    Reduction in the Origination Fee
    Gold
    $200
    Platinum
    $400
    Platinum Honors
    $600
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  • 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

 
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 account and you may qualify for special benefits — like $0 online stock and ETF trades.Footnote 1 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)
Footnote 
Other fees may apply. Sales 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. Learn more about Merrill Edge pricing.
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 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. 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. For details on employee qualification requirements, please call Employee Financial Services or visit the Bank of America intranet site. 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 financial advisor for details.
Footnote 
Eligibility: Commissions are only waived for online stock and ETF trades conducted via an individual or jointly owned self-directed personal CMA® or IRA account.

Merrill Edge waives its commission fee for:
  • 10 monthly online stock & ETF trades for Gold tier members
  • 30 monthly online stock & ETF trades for Platinum tier members
  • 100 monthly online stock & ETF trades for Platinum Honors tier members & Bank of America Private Bank clients
For details about commissions, transaction fees and any other fees that may apply, visit merrilledge.com/pricing. For full details about ways to qualify for $0 trades, call 888.637.3343 or visit merrilledge.com/$0detail. Preferred Rewards for Wealth Management clients (formerly known as Banking Rewards for Wealth Management), other than Bank of America Private Bank clients, do not receive Merrill Edge® Self-Directed commissions waivers.
Footnote 
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.
Footnote 
The 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 savings account to a Rewards Savings or eligible 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. Visit bankofamerica.com/savings for current products and rates.
Footnote 
Credit Card Preferred Rewards Bonus. 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 Bank of America® Cash Rewards credit card Preferred Rewards bonus 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. 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 bankofamerica.com/preferred-rewards for a complete list of ineligible cards.
Footnote 
Preferred Rewards Platinum and Platinum Honors tiers 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 tiers, unlimited for Platinum Honors tiers) from non-Bank of America ATMs in the U.S. and U.S. territories.
Footnote 
Visit For a list of no-fee banking services visit bankofamerica.com/preferred-rewards 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 Banking Rewards for Wealth Management program. The combined balance is calculated based on your average daily balance for a three calendar month period. The Banking Rewards for Wealth Management program will be renamed Preferred Rewards for Wealth Management. Please speak with your Merrill Lynch financial advisor or Bank of America Private Bank advisor for more information.

Footnote 8 Clients enrolled in Preferred Rewards receive a discount off the Merrill Guided Investing program's annual asset-based fee of 0.45%, and the Merrill Guided Investing with an 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. 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 investments 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 mutual funds. To learn more about pricing, visit merrilledge.com/pricing.

Preferred Rewards for Wealth Management clients (formerly known as Banking Rewards for Wealth Management), other than Bank of America Private Bank clients, do not receive the Merrill Guided Investing fee discount.

Footnote 9 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", Merrill Edge, Merrill Lynch, the Bull Symbol, Cash Management Account, Merrill Lynch Wealth Management, Bank of America Private Bank, Better Balance Rewards, Bank of America Accolades, Merrill Edge MarketPro, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.

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