• SPECIAL OFFER$300 bonus1

Enjoy a more valuable checking experience with a Bank of America Advantage Banking® checking account.

Your $300 cash bonus is just the beginning

 

With your new Advantage Banking checking account, you'll experience all the benefits of securely banking and investing in one place with Bank of America, including:

 

 

 

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    Bank of America® Preferred Rewards,2 for eligible clients

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    Mobile3 and online banking

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    Additional benefits of banking with Bank of America

Qualify in three simple steps

 

  • Open a new eligible Bank of America Advantage Banking checking account between now and December 31, 2022, AND

  • For each month, for three consecutive months within 120 days of account opening: Maintain a $2,000 or more monthly average balance, AND

  • Make any ONE of the following transactions in each of those three consecutive months: use Bank of America Bill Pay4 or send money with Zelle®5 or make a Mobile Check Deposit6 or have qualifying direct deposits made into the account.

Speak with your Merrill advisor to take advantage of this exclusive offer today

See Eligibility and Requirements footnote below for additional details.

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Bank of America® Preferred Rewards 2

 

Unlock additional rewards

Preferred Rewards is our way of showing you our appreciation — with premium benefits and rewards around the different ways you work with us.

 

Contact your advisor to enroll.

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1 Eligibility and Requirements to Receive the $300 Bonus: This offer is intended for new checking customers only; you are not eligible for this offer if you were an owner or co-owner of a Bank of America personal checking account or Bank of America Advantage Banking account within the last (12) months. Fiduciary accounts such as trust accounts are not eligible. Each customer is limited to only one checking account for this offer. Customers must have a U.S. domestic address to qualify for this offer.

Offer Requirements: To take advantage of the offer, speak to your Merrill advisor. To be eligible for this offer, you must open a new Bank of America Advantage Banking account between February 1, 2022 and December 31, 2022, and meet the following requirements with your Bank of America Advantage Banking account for each month for three consecutive months, within 120 days of account opening: 

(1) maintain a $2,000 or more average monthly balance AND
(2) make any one of the following transactions in each of those three consecutive months: Bank of America Bill Pay, Zelle®, Mobile Check Deposit or have qualifying direct deposits made into the account.

A “Qualifying Direct Deposit” is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them. Examples of non-qualifying transfers and deposits include the following: teller deposits, wire transfers, debit card transfers, ATM transfers or deposits, Online and Mobile Banking transfers or deposits, or transfers from a bank or brokerage account or Merrill account.

If the offer requirements are met for the $300 bonus, we will attempt to deposit the earned bonus directly into your eligible Bank of America Advantage Banking account after (30) days but no more than (60) days after qualifying: if we are unable to do so, a check will be issued. Your new Bank of America Advantage Banking account must be open and in good standing up to and including the date any earned bonus is paid in order to receive the bonus.

The minimum deposit required to open a Bank of America Advantage Plus Banking® account is $100. The minimum deposit required to open a Bank of America Advantage SafeBalance Banking® account is $25. The minimum deposit required to open a Bank of America Advantage Relationship Banking® account and a Bank of America Advantage Relationship Banking® for Wealth Management account is $100. The Annual Percentage Yield (APY) for Bank of America Advantage Relationship Banking is as follows: less than $50,000, 0.01%; $50,000 and over, 0.02%; and the Annual Percentage Yield (APY) for Bank of America Advantage Relationship Banking for Wealth Management is as follows: less than $50,000, 0.01%; $50,000 to less than $1,000,000, 0.02%; $1,000,000 and over, 0.02%. APYs are accurate as of February 1, 2022. Bank of America Advantage Relationship Banking for Wealth Management is a variable rate account. The rates may change after the account is opened. Fees may reduce earnings. 

Available Only for a Limited Time: This program is a limited time offer and is not available for use in combination with other offers. Offer is valid from February 1, 2022 through December 31, 2022. Bank of America may change or discontinue this offer at any time without notice before that date. 

Additional Terms and Conditions: Your account does not qualify for the bonuses described until you provide all of the information we require in connection with opening the account by the promotion end date. This includes information we require to identify each account owner and to report the value of the bonus to the Internal Revenue Service (IRS), including a validly completed IRS Form W-9 or Form W-8 (as applicable). The value of the bonus may constitute taxable income to you. Bank of America may issue an IRS Form 1099 (or other appropriate form) to you that reflects the value of such bonus. To the extent required by law, Bank of America may withhold tax or other amounts from the payment. Please consult your tax advisor, as neither Bank of America, its affiliates, nor their employees provide tax advice. 

For other account fees, rates and information, please see the Personal Schedule of Fees. To obtain a copy consult your Merrill advisor (if applicable), visit a financial center, or go to bankofamerica.com.

Reproduction, purchase, sale, transfer or trade of this offer is prohibited. Offer may not be combined with any other offer. Offer does not apply to business or second or multiple personal checking accounts.

2 To enroll in the Preferred Rewards program you must have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the balance tiers in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). You can satisfy the combined balance requirement for enrollment with either:

  1. a three-month combined average daily balance in your qualifying deposit and investment accounts or
  2. a current combined balance, provided that you enroll at the time you open your first eligible personal checking account and satisfy the balance requirement at the end of at least one day within 30 days of opening that account.

You must have a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. Bank of America Private Bank clients qualify to enroll in the Diamond tier, and may qualify for the Diamond Honors tier based on their qualifying Bank of America, Merrill, and Private Bank balances. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements.

Credit Card Preferred Rewards Bonus. Certain credit cards are eligible to receive a Preferred Rewards bonus. Enrolled Preferred Rewards members with eligible Bank of America® credit cards can receive a Preferred Rewards bonus of 25% for the Gold tier, 50% for the Platinum tier, or 75% for the Platinum Honors, Diamond or Diamond Honors tier on each purchase. If your product receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus. You will not receive the Preferred Rewards bonus when you redeem your Cash Rewards or Points. 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 bankofamerica.com/preferred-rewards for a complete list of ineligible cards.

3 Mobile banking requires that you download the Mobile Banking App and is only available for select mobile devices. Message and data rates may apply.

4 Payments made through Bill Pay with your Bank of America Advantage Banking account will be withdrawn from your account before delivery to the payee. If there are not enough funds in your account when we attempt to withdraw the payment amount, the payment will not be sent. Please see the Online Banking Service Agreement bankofamerica.com/serviceagreement for details. Not all payees are provisioned to accept electronic payments in our Mobile Bill Pay feature. 

5 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.

6 Mobile check deposits are subject to verification and not available for immediate withdrawal. Other restrictions apply. In the Mobile Banking app menu, select Menu > Help > Browse More Topics > Mobile Check Deposit for details and other terms and conditions. Message and data rates may apply.

Investing involves risk. There is always the potential of losing money when you invest in securities.

Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.

Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary.  

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.

Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation.

Trust, fiduciary and investment management services are provided by Bank of America, N.A. and its agents, Member FDIC, or U.S. Trust Company of Delaware. Both are wholly-owned subsidiaries of Bank of America Corporation.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

Investment, insurance and annuity products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity
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