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
Merrill Edge Self-Directed was awarded #1 for Bank Brokerage and received an overall rating of 4.5 out of 5 stars from StockBrokers.com. Evaluated as one of 16 online brokers in
StockBrokers.com 2025 Annual Awards popup published on January 28, 2025. This award recognizes the broker that the editorial team believes provides the best value and experience for intermediate-level U.S. retail investors who want to consolidate their financial activities with one company. StockBrokers.com takes into consideration the breadth of banking services on offer and how well they are integrated with self-directed investing.
Learn more about the methodology at StockBrokers.com popup. Rankings and recognition from StockBrokers.com are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
Merrill Edge Self-Directed received an overall rating of 4.5 out of 5 stars and was evaluated as one of 16 online brokers in
StockBrokers.com 2025 Annual Awards popup published on January 28, 2025. StockBrokers.com evaluated brokers using 200 variables across 7 categories.
Learn more about the methodology at StockBrokers.com popup. Rankings and recognition from StockBrokers.com are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
Merrill Edge Self-Directed was ranked in NerdWallet's article "
Best Brokerage Accounts for Online Stock Trading popup," published January 31, 2025, and received an overall rating of 4.4 out of 5 stars, from
NerdWallet popup published October 28, 2024. NerdWallet evaluates brokers based on investment selection, trading platform, customer support, account fees, trading costs, mobile app and cash sweep rates. NerdWallet and the NerdWallet logo are trademarks owned by NerdWallet, Inc. and used with permission.
Learn more about the methodology at NerdWallet popup. Rankings and recognition from NerdWallet are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s, Bank of America Advantage SafeBalance Banking™, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen.
Footnote 6 Zelle
® should only be used to send money to friends, family or others you trust. We recommend that you do not use Zelle
® to send money to those you do not know. Transfers require enrollment in the service with a U.S. checking or savings account and must be made from an eligible Bank of America consumer or business deposit account. Transactions between enrolled users typically occur in minutes and transactions between enrolled consumers do not typically incur transaction fees. We will send you an email alert with transaction details after you send money using Zelle
®. Dollar and frequency limits apply. See the Online Banking Service Agreement at
bankofamerica.com/serviceagreement for further details. Data connection required. Message and data rates may apply. Neither Bank of America nor Zelle
® offers a protection program for any authorized payments made with Zelle
®. Regular account fees apply.
Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
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.
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.
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