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Preferred Rewards for Wealth Management:
Our richest rewards program

See how rewarding your banking relationship can be

Preferred Rewards for Wealth Management offers Merrill clients the richest package of benefits available to any Bank of America® clients.1


Contact your advisor today to activate

Get Bank of America’s best rewards benefits

Qualify with a three-month combined average daily balance in your personal deposits and/or qualifying Merrill accounts as well as an active, eligible personal checking account.

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Reduced fees and discounts

Pay no monthly maintenance fees, and enjoy unlimited, no-fee ATM banking at non-Bank of America ATMs throughout the U.S. In addition, receive fee reductions on Bank of America mortgages and reduced rates on auto loans.

Credit where it’s due

Get 75% rewards bonuses on eligible Bank of America credit cards, so your buying power is even more powerful.

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Travel without compromise

Get more from every trip with no foreign exchange transaction or Bank of America ATM fees when using your Bank of America debit card while traveling internationally.

Discover even more about the benefits and rewards here

Get more by activating now

Contact your advisor today to activate your Preferred Rewards for Wealth Management

1 As of November 12, 2021, or such later date as we may provide you notice of, the Preferred Rewards for Wealth Management program will be discontinued.  If you are enrolled in the program on that day, your enrollment will be automatically transferred to the new Bank of America Preferred Rewards program. The new program will be expanded by adding two new tiers for clients with a qualifying balance of $1,000,000 or more.  If your three month combined average daily balance is below $1,000,000 on the third business day of the month in which Preferred Rewards for Wealth Management discontinues, you will transition to the Preferred Rewards Platinum Honors tier. To enroll in the Preferred Rewards for Wealth Management program you must have an active, eligible Bank of America® personal checking account and maintain a qualifying three-month combined average daily balance of at least $250,000 in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your qualifying Merrill investment accounts (such as Cash Management Accounts, 529 Plans).  The qualifying balance is calculated based on your average daily balance for a three calendar month period. Refer to the Preferred Rewards for Wealth Management Addendum to the Personal Schedule of Fees for details on accounts that qualify towards the three-month combined average daily balance calculation and receive program benefits.
Certain credit cards are eligible to receive the Preferred Rewards or Preferred Rewards for Wealth Management 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 and Preferred Rewards for Wealth Management clients can receive a bonus of 75% based on their enrollment and type of card. If your product receives the 10% customer bonus, the Preferred Rewards or Preferred Rewards for Wealth Management bonus will replace the 10% customer bonus. The Preferred Rewards or Preferred Rewards for Wealth Management 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 or program 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 or program when the purchase posts to your account. The Preferred Rewards or Preferred Rewards for Wealth Management bonus is not applied to any account opening bonus, if applicable.  The Preferred Rewards or Preferred Rewards for Wealth Management 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 or Preferred Rewards for Wealth Management 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.

 

Merrill Lynch Wealth management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer and Member SIPC, and other subsidiaries of Bank of America Corporation (“BofA Corp.”). Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp. Equal Housing Lender Home Icon for Equal Housing Lender

 

This credit card program is issued and administered by Bank of America, N.A. Deposit products and services are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

 

Bank of America, the Bank of America logo, Premium Rewards, Merrill Lynch, Cash Management Account, Merrill Lynch Wealth Management, Merrill Edge and the Bull symbol are registered trademarks of Bank of America Corporation.

 

Visa and Visa Signature are registered trademarks of Visa International Service Association and are used by the issuer pursuant to license from Visa U.S.A. Inc.

All other company, product and service names may be trademarks or service marks of others and their use does not imply endorsement of, or an association with, this program.

 

The $600 origination fee reduction plus additional discounts based on relationship eligibility and mortgage product type (mortgage benefit) are available to clients who are enrolled or are eligible to enroll in Preferred Rewards for Wealth Management 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). Merrill clients with a 3-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 are eligible for the Preferred Rewards for Wealth Management program. Eligibility will be available three or more business days after the end of the calendar month in which you satisfy the requirements. The mortgage benefit is based on your eligible tier at the time of mortgage application and is not subject to adjustment. This origination fee reduction will not exceed the amount of the Lender Origination Fee. Some discounts cannot be combined. Any mortgage discount point reduction benefit is subject to a total discount point cap by product type.

 

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.​

 

 

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