Skip To Content

Preferred Rewards for Wealth Management

 

Now your relationship with us is even more rewarding

 

Graphic Preferred Rewards for Wealth ManagementPreferred Rewards for Wealth Management is a rewards program that offers you access to the best banking benefits, solutions and services available from Bank of America.

 

 

With Preferred Rewards for Wealth Management, you can benefit from:

 

  • No monthly maintenance fees on eligible Bank of America checking and savings accounts

  • No fees on select banking services, including:
    • Up to two outbound wire transfers per statement period for Bank of America personal checking and savings accounts
    • Unlimited no-fee transactions at non-Bank of America ATMs throughout the U.S. 1

  • International travel benefits available with Bank of America debit card, including:
    • No international transaction fees when clients use their Bank of America debit card to make purchases in a foreign currency 2
    • Waiver of Bank of America fees at non-Bank of America international ATMs 3

  • 75% credit card rewards bonus on eligible Bank of America® credit card accounts 4

  • 0.50% auto loan interest rate discount on purchase or refinance loans 5

 

To learn more about Preferred Rewards for Wealth Management, click here.

 

 

 

 

1 No-fee transactions at non-Bank of America ATMs with a Bank of America debit or ATM card.

 

2 This fee is assessed as a separate transaction fee on the posting date of the withdrawal. Due to your account relationship, your account may not be assessed the international transaction fee. The fee will be waived for Preferred Rewards for Wealth Management clients when they use their Bank of America debit card to withdraw funds. Your deposit account statement will reflect the U.S. dollar equivalent of your foreign ATM withdrawal. Please call the toll-free number on your account statement for additional details. The exchange rate for international purchases and foreign ATM transactions is set by Visa® or MasterCard®, depending on your card’s logo.

 

3 Third-party fees may be assessed by the ATM operator or network at international ATMs.

 

4 Credit Card Preferred Rewards for Wealth Management Bonus: Certain credit cards, including Merrill Lynch-branded cards, are not eligible to receive the Preferred Rewards for Wealth Management bonus of 75%. A complete list of ineligible cards is available at bankofamerica.com/preferred-rewards. Enrolled clients with eligible credit cards receive the Preferred Rewards for Wealth Management bonus based on their type of card. For example, the Bank of America® Cash Rewards credit card Preferred Rewards for Wealth Management bonus will be applied after all base and bonus earn cash rewards have been calculated on a purchase. For example, a $50 purchase that earns 3% ($1.50) will actually earn $2.63 when the purchase posts to your account. For all other eligible card types, a purchase that earns 100 base points will actually earn 175 points when the purchase posts to your account. If your product receives the 10% customer bonus, the Preferred Rewards for Wealth Management bonus will replace the 10% customer bonus. The Preferred Rewards for Wealth Management bonus is not applied to any account opening bonus, if applicable. The 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. If you have an eligible card, please refer to your card’s Program Rules for details about how you will receive the 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.

 

5 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.

X

You need to answer some questions first

Then we can provide you with relevant answers.

Get started