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Direct Benefits

Your Employee Benefits

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Bank of America Direct Benefits enables you to offer your employees valuable accounts and services. You can offer these special benefits to attract qualified employees, increase employee satisfaction and retention, and provide an extra incentive for employees to participate in direct deposit. To learn more about Direct Benefits, visit your nearest banking center.

Checking & Savings Accounts

MyAccess Checking®

Free of Monthly Maintenance Fee if opened online with qualifying monthly Direct Deposit.

First order of standard checks free with a new account.
CDs

Your employees will earn 0.25% over our posted rate when they open a new fixed-rate CD.1

Home Equity Loans & Lines of Credit

Home Equity Loans & Lines of Credit

Your employees with available equity in their homes can get the money they need for home repairs, education and other necessary expenses. Apply now and they can receive interest rate discounts on their home equity line of credit or loan.2

Credit Cards

BankAmericard® Power Rewards® Visa® Card3

Your employees can enjoy practical rewards on everyday purchases with the BankAmericard® Power Rewards® Visa® card. They can earn one point per dollar on everyday purchases and triple points on gas, grocery and drug store purchases for the first six months. And they get to choose how to redeem their points. They can get cash back to pay down their balance or enjoy rewards they can use like gas cards, travel, restaurant gift cards, house wares and more. Cash back rewards can be redeemed as a statement credit to their card, deposited into their checking or savings account, applied towards an eligible Bank of America mortgage, or issued as a check.

Online Banking Service

Online Banking Service

Your employees get free access to most of their Bank of America accounts anywhere they have Internet access. Transfer money between Bank of America accounts, use online customer service options and download account information to financial management software.

When your employees enroll in Online Banking Service, they can pay their bills online for free.4

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Employee eligibility for Bank of America Direct Benefits terminates when (a) the employee's relationship with the sponsoring company or organization terminates or (b) the sponsoring company's or organization's Bank of America Direct Benefits plan is terminated by either the company or organization or Bank of America, at which time rates and fees will revert to the current rates and fees as stated in the Personal Schedule of Fees.

1The interest bonus on CDs does not apply to renewals, to funds transferred from other Bank of America accounts, or to CDs of $100,000 or more. Early withdrawal penalty may apply. Interest bonus cannot be combined with any other offer.

2Credit 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.

3For information about the rates, fees, other costs and benefits associated with these cards, please visit a banking center and speak to an associate.

This credit card program is issued and administered by FIA Card Services, N.A. Visa is a registered trademark of Visa International Service Association, and is used by the issuer pursuant to license from Visa U.S.A. Inc. BankAmericard, Power Rewards, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.

4Charges for overdrafts, cash advances, excess transaction fees and other account–related fees still apply.

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