To enroll in Preferred Rewards you need an eligible Bank of America® personal checking account and a 3-month average combined balance of $20,000 or more in qualifying Bank of America® banking accounts and/or Merrill Edge® and Merrill Lynch® investment accounts. Learn more about Preferred Rewards
Monthly Fee
No monthly maintenance fee for each statement cycle that you:
Maintain a minimum daily balance of at least $500
or
Link your Bank of America Advantage Savings account to your Bank of America Advantage Relationship Banking® account, Bank of America Advantage with Tiered interest Checking account or Bank of America Advantage Regular Checking account (waiver applies to first 4 savings accounts).
or
When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)
or pay $8/month
Required Opening Deposit
$100
Withdrawal Limit Fee
Make a total of 6 transfers and withdrawals each monthly statement cycle with no Withdrawal Limit Fee. A $10 fee applies for each withdrawal or transfer exceeding 6 in a monthly statement cycle.Footnote 2
Other limits apply to certain types of withdrawals and transfers.Footnote 3
Monthly Fee
Required Opening Deposit
Withdrawal Limit Fee
No monthly maintenance fee for each statement cycle that you:
Maintain a minimum daily balance of at least $500
or
Link your Bank of America Advantage Savings account to your Bank of America Advantage Relationship Banking® account, Bank of America Advantage with Tiered interest Checking account or Bank of America Advantage Regular Checking account (waiver applies to first 4 savings accounts).
or
When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)
or pay $8/month
$100
Make a total of 6 transfers and withdrawals each monthly statement cycle with no Withdrawal Limit Fee. A $10 fee applies for each withdrawal or transfer exceeding 6 in a monthly statement cycle.Footnote 2
Other limits apply to certain types of withdrawals and transfers.Footnote 3
Not all offers require an offer code. If you received an offer code in the mail/email or at a Bank of America event, it will be prominently displayed. Enter your code here.