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Relationship Bonus Offer

Relationship Bonus Offer

A rewards experience that rewards your life

 

When you open a Bank of America® bank account, you’ll gain access to exceptional banking rewards with the same exclusive level of personalized service and experience you’ve come to expect from your Merrill Lynch Advisor. You’ll have the support of a full team dedicated to guiding your financial life and helping you pursue your goals.

How it works1:

  • Open a new Bank of America® checking account, and
  • Open and maintain a new Bank of America savings account with at least $25,000 in new money within 60 days.

 

What you can get:

  • $200 cash back in your checking account after you set up and receive qualifying direct deposits of $4,000 or more within 90 days.2
  • Special promotional fixed savings APY of 2.07% for one year when you open a new eligible savings account, deposit at least $25,000 in new money, and maintain a balance in the account between $25,000 and $10,000,000.

 

Additionally

  • If you open the Premium Rewards® credit card prior to or within 30 days of opening and funding your new checking and savings accounts (within the offer time frames), you will also qualify for a $95 statement credit.4
  • The Premium Rewards credit card comes with a great introductory bonus offer. Clients who open a new Premium Rewards card will receive 50,000 bonus points after they make at least $3,000 in purchases in the first 90 days of account opening.5

Talk to your advisor about the Relationship Bonus Offer,check out the fact sheet



1Eligibility: This offer is intended for new checking and savings customers only; you are not eligible for this offer if you were an owner of a Bank of America personal checking or savings account within the last six (6) months. You must open a qualifying new checking account and qualifying new savings account and fund the savings account with at least $25,000 in new money (as described below) before you are eligible for any of the bonuses. These are the offer requirements of the Wealth Management Banking Suite Offer. The savings account must be opened and funded within 60 days of the checking account. The offer expires on June 30, 2019. Bank of America may change or discontinue this offer at any time before this date without notice.

Additional Terms and Conditions: All account applications are subject to approval. The rates may change after the account is opened and may vary by state. Fees may reduce earnings. Please consult your Merrill Lynch Advisor (if applicable), a Bank of America financial center, visit bankofamerica.com, or see the Personal Schedule of Fees for other account fees, rates and information.

Your account does not qualify for the bonus 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 bonus to the Internal Revenue Service (IRS), including a validly completed IRS Form W-9 or Form W-8 (as applicable). The value of these bonuses 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 bonuses. 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.

Reproduction, purchase, sale, transfer or trade of this offer is prohibited. Offer may not be combined with any other offer and is limited to one bonus per new personal checking customer and account, one eligible savings account and one eligible credit card account. Offer does not apply to business or second or multiple personal checking accounts, savings accounts or credit cards.

2Requirements to Receive the $200 Checking Account Bonus: (1) Open a new eligible Bank of America personal checking account (excludes Bank of America Advantage SafeBalance BankingTM); AND (2) set up and receive Qualifying Direct Deposits equaling a total of $4,000 or more in your new personal checking account within ninety (90) days of checking account opening; AND (3) meet the other requirements for the Wealth Management Banking Suite Offer. A “Qualifying Direct Deposit” is a recurring direct deposit of a paycheck, pension, Social Security or other eligible regular monthly income, electronically deposited by an employer or an outside agency into your new checking account. A transfer done via ATM, online, or teller, or a transfer from a bank or brokerage account, including a Merrill Edge® or Merrill Lynch® account, is not a Qualifying Direct Deposit. Please see the Personal Schedule of Fees for further explanation of eligible regular monthly income.

If you meet the offer requirements for the $200 checking account bonus, we will attempt to deposit the earned bonus directly into your new personal checking account within sixty (60) days; if unable to do so, a check will be issued. The new personal checking account must be open 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 BankingTM account is $100. The minimum deposit required to open a Bank of America Advantage Relationship BankingTM account and a Bank of America Advantage Relationship BankingTM for Wealth Management account is $100. The Annual Percentage Yield (APY) for Bank of America Advantage Relationship BankingTM 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 BankingTM for Wealth Management is: less than $50,000, 0.01%; $50,000 to less than $1,000,000, 0.02%; $1,000,000 and over, 0.05%. APYs are accurate as of 10/26/2018.

3Requirements to Receive the Promotional Interest Rate on the Savings Account: (1) Open a new eligible Bank of America personal savings account (excludes Regular Savings, Minor Savings, and Money Market IRA) within 60 days of opening a Bank of America personal checking account; AND (2) deposit at least $25,000 of new money directly into the eligible savings account. “New money” is money not currently or previously held in any account at Bank of America, Merrill Edge and/or Merrill Lynch. When you meet the offer requirements for the Wealth Management Banking Suite Offer, you will receive a promotional interest rate on the savings account of 2.05% (the “Special Rate”), which results in an APY of 2.07%, for a period of one year if the balance in the account is at least $25,000 and less than $10,000,000. Bank of America may increase the Special Rate at any time at its discretion, but will not decrease the Special Rate below 2.05% during the one-year promotional period. After one year, the interest rate and annual percentage yield (“APY”) will be variable and will change to the then-current standard rates applicable to that account. For example, as of 10/26/2018 the current standard APY for the Wealth Management Money Market Savings account is 0.15% for balances less than $100,000, 0.30% for $100,000 to less than $500,000, 0.40% for $500,000 to less than $2,500,000, 0.80% for $2,500,000 to less than $10,000,000 and 0.80% for balances of $10,000,000 and over. Please see the rate sheet for the applicable account for more information.

Additional Important Information About the Promotional Rate on the Savings Account: Your eligible account will begin to earn the Special Rate no later than 30 days after the date on which you meet the offer requirements for the Wealth Management Banking Suite Offer. Until then, you will earn the then- current variable APY applicable to your eligible account. The Bank of America Preferred Rewards and Banking Rewards for Wealth Management interest rate booster on an eligible savings account does not apply while the Special Rate is in effect. You will earn the Special Rate each day during the one-year period that you maintain an account balance of at least $25,000 and less than $10,000,000 in your eligible account (including any accrued interest). For any day during the one-year promotional period that your eligible account balance is either less than $25,000 or $10,000,000 or greater, the following rate applies on the entire balance: a fixed interest rate of at least 0.80%, which results in an APY of 0.80% (as of 10/26/2018, and assumes the eligible account balance remains within that range for the one-year period).

4Requirements to Receive the Statement Credit on the Bank of America Premium Rewards Card: Bank of America will apply a statement credit of $95 to your Premium Rewards account if you meet the requirements for the Wealth Management Banking Suite Offer and you open a new Bank of America Premium Rewards credit card account prior to, and no later than 30 days after, meeting those requirements. The credit will be applied within 60 days of meeting all of the offer requirements. Other advertised promotional bonus cash rewards offers can vary from this promotion and may not be substituted or combined. Opening of the credit card account is subject to credit approval. For information about rates, fees and other costs and benefits associated with the use of this credit card or to apply, see an associate.

5Premium Rewards Bonus Points Offer: You will qualify for 50,000 bonus points if you use your new credit card account to make any combination of Purchase transactions totaling at least $3,000 (exclusive of any fees, returns and adjustments) that post to your account within 90 days of the account open date. Limit one (1) bonus points offer per new account. This one-time promotion is limited to new customers opening an account in response to this offer. Other advertised promotional bonus points offers can vary from this promotion and may not be substituted. Allow 8 to 12 weeks from qualifying for the bonus points to post to your rewards balance. The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) that reflects the value of such reward. Please consult your tax advisor, as neither we, nor our affiliates, provide tax advice.

Subject to credit approval. We may change or discontinue this introductory offer at any time. Please see your Advisor for additional details.Bank of America Advantage Plus Banking, Bank of America Advantage Relationship Banking and Bank of America Advantage SafeBalance Banking are trademarks and
Bank of America Advantage Plus Banking, Bank of America Advantage Relationship Banking and Bank of America Advantage SafeBalance Banking are trademarks and

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

The 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., Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

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

Equal Housing Lender. 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.

Bank of America, N.A. Member FDIC. © 2018 Bank of America Corporation

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