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Discover your benefits and rewards

There are 3 tiers in Preferred Rewards. Your tier is based on your qualifying combined balances in your Bank of America® banking and/or Merrill Edge® and Merrill Lynch® investment accounts. As your qualifying balances grow, so do your benefits. Once enrolled, we'll move you up automatically when your balances qualify you for the next rewards tier.

Explore the benefits you could receive as a Preferred Rewards client.

Preferred Rewards gives you benefits based on the balances in your Bank of America® banking and Merrill Edge® investment accounts. Learn more and then simply enroll in Preferred Rewards.

Explore the benefits

Displayed benefits are for the following amount:
Display Gold tier content Display Platinum tier content Display Platinum Honors tier content
Platinum Honors
Gold $20,000 - $50,000
Platinum $50,000 - $100,000
Platinum Honors $100,000+
3-month average combined balance

  • Earn more for every dollar you save

    An interest rate booster on a Rewards Money Market Savings account.Footnote1

    For example, if the interest rate on a Rewards Money Market Savings account is 1.00%, a 5%5%10%20% rate booster would increase the interest rate to 1.05%1.05%1.10%1.20%. This interest rate is for illustration only. Visit the Rewards Money Market Savings page on for current rates.

    5% interest rate booster
    10% interest rate booster
    Platinum Honors
    20% interest rate booster
  • A rewards bonus on eligible Bank of America credit cards.Footnote 2

    Eligible credit cards earn a 25%, 50% or 75% rewards bonus.

    For example, if you have a cash back credit card and you redeem $100 into a Bank of America checking or savings account, your total cash back would increase to $125$125$150$175.

    Review card eligibility guidelines

    25% rewards bonus
    50% rewards bonus
    Platinum Honors
    75% rewards bonus
  • Non-Bank of America ATM transactions when you need them

    No-fee ATM transactions (withdrawals, balance inquiries and balance transfers) with a Bank of America debit or ATM card at non-Bank of America ATMs in the U.S. Footnote3

    up to 12/year (1 withdrawal, balance inquiry and balance transfer each per statement cycle)
    Platinum Honors
  • Preferred pricing with Merrill Edge

    $0 online equity and ETF trades Footnote4 on a Merrill Edge online investment account.

    Other fees may apply.

    Plus, get access to Merrill Edge MarketPro® *, a fully customizable trading platform*.

    up to 30 per month

    Plus Merrill Edge MarketPro®
    Platinum Honors
    up to 100 per month

    Plus Merrill Edge MarketPro®
  • The fast track for client service

    Priority service through the Preferred Rewards Center, a dedicated team of specialists available to handle product and service needs.

  • Preferred Rewards mortgage benefits

    Save at closing on a new Bank of America purchase or refinance loan with a reduction in the Origination Fee, based on your Preferred Rewards tier.

    Platinum Honors
  • Drive away with an interest rate discount

    Want to get an even better rate? As a Preferred Rewards client, you can receive a 0.25%, 0.35% or 0.50% interest rate discount on a new Bank of America auto purchase or refinance loan.

    Platinum Honors
  • Banking made better with no-fee services

    Enjoy fee waivers on everyday services for Bank of America personal checking and savings accounts:

    • Monthly maintenance fees waived on up to 4 eligible checking and 4 savings accounts from Bank of America
    • No fees for ATM or debit card replacement including rush replacement, standard check orders, cashier’s checks, Check Image Service, check copies, stop payments and incoming domestic wire transfers
    • Overdraft Protection transfer fees waived from your linked savings accounts, secondary checking accounts or from a Home Equity Line of Credit

    Platinum and Platinum Honors tier clients also enjoy:

    • No fees for incoming international wire transfers and a small safe deposit box

Enroll in Preferred Rewards

There are no fees to join or participate in Preferred Rewards. Here's all you need to enroll:

To learn more or enroll today:

♦ In addition to your stock or ETF [or option] commissions, sell orders also may be subject to a fractional share liquidation fee of 10% of proceeds and a transaction fee (of between $0.01 to $0.03 per $1,000 of principal). If applicable, this fee appears under "Transaction Fee" on a Trade Confirmation. There are also fees associated with investing in ETFs. Read the Expenses & Charges sections of the prospectus to find out what they are. Contact us to obtain a prospectus.

You are eligible to enroll in the Preferred Rewards program if you have an active, eligible Bank of America® personal checking account and maintain a 3-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 $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. SafeBalance Banking® accounts do not count toward the account or balance requirements, and do not receive the fee waivers and other benefits of the program. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Employee qualification requirements, please visit the Employee Banking & Investments website. The Preferred Rewards Gold tier does not include the $0 online equity and ETF trades via Merrill Edge®, a benefit that is currently available at the Platinum and Platinum Honors tiers of Preferred Rewards. Platinum Privileges® clients who enroll in Preferred Rewards and qualify for the Gold tier could potentially lose this benefit.

The Rewards Money Market Savings interest rate booster is only available to customers enrolled in the Preferred Rewards program. Your enrollment in Preferred Rewards will not automatically convert any existing money market savings account to a Rewards Money Market Savings account without your request. If your enrollment in the Preferred Rewards program is discontinued, the interest rate booster may be discontinued. The interest rate in the interest rate booster example is for illustrative purposes only. For current interest rate information, view our Rewards Money Market Savings rates.
Bonus will vary based on your type of rewards program. BankAmericard Cash Rewards™ bonuses apply to rewards redeemed into a Bank of America® checking or savings account or a Merrill Lynch Cash Management Account®. BankAmericard Travel Rewards® bonus applies to customers with a qualifying account. For these cards, if enrolled in Preferred Rewards, your base reward earnings will increase by 25%, 50% or 75%, depending on eligible tier. For example, if you earn $100 in base rewards, your Preferred Rewards bonus will add $25, $50 or $75 to your reward earnings, totaling $125, $150 or $175, depending on your tier. The bonus will replace the customer bonus you may already receive with the card. For all other eligible points and cash rewards cards, the Preferred Rewards bonus is applied to the monthly base rewards depending on eligible tier. See a complete list of ineligible cards and additional program details
Preferred Rewards Platinum and Platinum Honors tier clients using a Bank of America debit or ATM card will not be charged the non-Bank of America ATM fee and will receive a refund of the ATM operator or network fee for withdrawals, balance inquiries and balance transfers (1 each per statement cycle for Platinum tier clients, unlimited for Platinum Honors tier clients) from non-Bank of America ATMs in the U.S. and U.S. territories.
$0 trades are only available with an individual or joint Merrill Edge self-directed brokerage account. MLPF&S waives its commission fee for 30 monthly online equity trades for Preferred Rewards Platinum tier clients and 100 monthly online equity trades for Platinum Honors tier clients. Equity trades include stock and exchange traded funds (ETFs). To learn about additional ways to qualify for $0 trades, call 888.MER.EDGE (888.637.3343) or visit

To determine the number of qualifying trades, MLPF&S adds the qualifying trades in your individual accounts and joint accounts. Commission fees apply when qualification requirements are not met, or when you exceed the number of qualifying trades a month. Brokerage fees associated with, but not limited to, margin transactions, option trading, special stock registration/gifting, account transfer and processing, research request and termination apply. See for details. Standard deposit account fees apply. Relationship requirements and pricing are subject to change.

This offer does not apply to Business/Corporate Accounts, Investment Club Accounts, Partnership Accounts and certain fiduciary accounts held at MLPF&S.
Merrill Edge MarketPro® is available to clients who maintain a Merrill Edge self-directed relationship. To qualify, you must be a Preferred Rewards Platinum or Platinum Honors tier client, or maintain total combined balances of $50,000 or more in your Merrill Lynch investment accounts and Bank of America, N.A. deposit accounts, or make at least 15 self-directed trades per quarter. Not available to investment professionals or for trust accounts and business accounts. Relationship requirements and pricing are subject to change. See for details.
The mortgage origination fee reduction is available to clients who are enrolled or are eligible to enroll in Preferred Rewards 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). Amount of the reduction ($200 for Gold tier, $400 for Platinum tier and $600 for Platinum Honors tier) is based on your eligible tier at the time of mortgage application and is not subject to adjustment. This reduction will not exceed the amount of the Lender Origination Fee. Clients with higher deposit and investment balances may receive a discount point reduction of greater value – ask for details. Eligibility will be available 3 or more business days after the end of the calendar month in which you satisfy the requirements. For details on requirements, visit the Preferred Rewards Addendum of the Personal Schedule of Fees. Benefit is non-transferable.
Auto loan interest rate discount of 0.25% to 0.50% is valid only for customers who are enrolled in Preferred Rewards 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 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 new auto loans through a financial center or online and are not available on dealer financing. Benefit is nontransferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.
Visit the Bank of America Preferred Rewards page for a list of no-fee banking services, or review the Personal Schedule of Fees for your state, also available at your financial center.

Some Merrill Edge benefits may be available to customers with less than $20,000 in investable assets. Please speak with a Financial Solutions Advisor for more information about Merrill Edge. Merrill Lynch clients with an active, eligible Bank of America personal checking account and a 3-month average combined balance of at least $20,000 can enroll in Preferred Rewards. Merrill Lynch clients with a 3-month average combined balance of at least $250,000 and an active, eligible Bank of America personal checking account or eligible Merrill Lynch account and all U.S. Trust® clients are eligible for the Banking Rewards for Wealth Management program. Please speak with your Merrill Lynch financial advisor or U.S. Trust advisor for more information.

Merrill Edge is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), and consists of the Merrill Edge Advisory Center (investment guidance) and self-directed online investing. MLPF&S is a registered broker-dealer, member SIPC and a wholly owned subsidiary of Bank of America Corporation.

Merrill Lynch makes available products and services offered by MLPF&S and other subsidiaries of Bank of America Corporation.

Banking and mortgage and Home Equity products 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, N.A. Equal Housing Lender Equal Housing Opportunity Lender (icon)

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

Investment products are provided by MLPF&S and:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Some accounts, services, and fees vary from state to state. Please review the Personal Schedule of Fees for your state, also available at your local financial center.

"Get more rewards with your everyday banking", Better Balance Rewards, Octave and BankAmericard Cash Rewards are trademarks and Merrill Edge, Merrill Lynch, Octave, the Bull symbol, Merrill Lynch Cash Management Account, Merrill Accolades, MERRILL+, Total Merrill, Total Merrill Match, U.S. Trust, BankAmericard, BankAmericard Travel Rewards, Bank of America Accolades, Merrill Edge MarketPro, Platinum Privileges, SafeBalance Banking, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.

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.