Skip To Content

Banking Rewards

Banking Rewards for

Wealth Management

A rewards experience that rewards your life

A Program designed to recognize your relationship with us by providing you with a higher level of Bank of America® banking benefits and services.

With Banking Rewards for Wealth Management you can enjoy:

  • No monthly maintenance fees on eligible Bank of America checking and savings accounts
  • Unlimited no-fee transactions at non-Bank of America ATMs throughout the U.S.1
  • No international transaction or ATM fees with a Bank of America debit card2
  • 75% rewards bonus on eligible Bank of America credit cards3

Additional benefits include:

  • Fee waivers on Bank of America checking and savings accounts, including outbound wire transfer service fees (fee waivers up to two per statement cycle) for each of your Bank of America personal checking and savings accounts
  • 0.50% interest rate discount on purchase or refinance auto loans with Bank of America4
  • $600 reduction in the Origination Fee5 on a new purchase or refinance mortgage through Bank of America, plus additional discounts based on relationship eligibility and mortgage product type5

Check out the fact sheet to learn more about Banking Rewards and eligibility requirements

*You are eligible to enroll in the Banking Rewards for Wealth Management 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 $250,000. All U.S. Trust® clients are eligible for the Banking Rewards for Wealth Management program. Visit bankofamerica.com/preferred-rewards for additional program details.

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

2Third-party fees may be assessed by the ATM operator or network at international ATMs.

3 Credit Card Banking Rewards for Wealth Management Bonus Certain credit cards, including Merrill Lynch-branded cards, are not eligible to receive the Banking Rewards bonus of 75%. A complete list of ineligible cards is available at bankofamerica.com/preferred-rewards. Enrolled clients with eligible credit cards receive the Banking Rewards bonus based on their type of card. The Banking Rewards bonus will replace the 10% customer bonus you may receive with certain cards. Some products receive the Banking Rewards bonus when rewards are redeemed. That means a $100 cash rewards redemption becomes $175. Other products earn the Banking Rewards bonus with each purchase. That means a purchase that earns 100 base points will earn 175 points when the purchase posts to your account. 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 Banking 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.

4Auto loan interest rate discount of 0.50% is valid only for clients who are enrolled in Banking Rewards for Wealth Management at the time of auto loan application and who obtain a Bank of America auto purchase or refinance loan. The maximum 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 nontransferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.

5The $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 Banking 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 Lynch 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 Banking 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.

Credit card programs are issued and administered by Bank of America, N.A.

Banking, mortgage and home equity products offered by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Equal Housing Lender. insert equal housing lender icon Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

© 2018 Bank of America Corporation. All rights reserved.

X

You need to answer some questions first

Then we can provide you with relevant answers.

Get started