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Preferred Rewards for Business Overview

Logo for Bank of America Preferred Rewards For Business

Rewards for
the business
you do

Rewards for the business you do

In business, strong relationships matter. With Preferred Rewards for Business, you get rewarded for the business you do as a Bank of America small business client. Members have access to a wide range of valuable rewards, benefits and savings – all with no fee to join or participate in the program.
In business, strong relationships matter. With Preferred Rewards for Business, you get rewarded for the business you do as a Bank of America small business client. Members have access to a wide range of valuable rewards, benefits and savings – all with no fee to join or participate in the program.
Explore member benefits by using the interactive slider.
Displayed benefits are for the following amount:
Display Gold tier content twenty thousand dollars or more Display Platinum tier content fifty thousand dollars or more Display Platinum Honors tier content one hundred thousand dollars or more
     
$0
Gold
Platinum
Platinum Honors
     
Gold $20,000 – $50,000
Platinum $50,000 – $100,000
Platinum Honors $100,000+

Plus monthly fee waivers on Bank of America small business checking and savings accounts

Waived monthly maintenance fees on up to 4 eligible business checking and 4 business savings accounts, per enrolled business

Preferred Rewards for Business clients also enjoy no fees for:

  • ATM or debit card replacement

  • Cashier's checks, check images, check copies and stop payments

  • Overdraft protection transfers

  • Incoming domestic wire transfers

  • Incoming international wire transfers (Platinum and Platinum Honors clients only)

  • Online outbound wires (up to 4 per statement cycle; Platinum Honors clients only)

Get a Rewards Bonus on eligible business card purchases

With the Business Advantage Cash Rewards credit cards, you'll earn 1.25%, 2.5% and 3.75% on every purchase you make. With the Business Advantage Travel Rewards credit card, you'll earn an unlimited 1.87 points on all purchases — everywhere, every time.

Review card eligibility guidelines layer

If you don't have a business card that qualifies, visit our Business Advantage Cash Rewards or Business Advantage Travel Rewards credit card page.

Credit card Rewards Bonus
25%

Gold

50%

Platinum

75%

Platinum Honors

Advice when you need it

A Merrill Financial Solutions Advisor will work one-on-one with you to help define what's important to you and provide advice on how to pursue those goals. No matter where you are in your financial life, a complimentary financial analysis is available to you.

Plus, Platinum Honors tier members benefit from an annual relationship review with a Small Business Specialist who will be able to focus on the unique needs of your specific business.

Professional Advice from Merrill
Yes

Gold

Yes

Platinum

Yes +

Platinum Honors

Make your business savings work even harder

Get a higher interest rate on a Business Advantage Savings account.

If you're a Preferred Rewards for Business client at the Platinum Honors tier level and you have a Business Advantage Savings account that provides you with a 0.02% interest rate, your 20% rate booster would increase the interest rate to 0.024%. (This interest rate is for illustration purposes only; visit our Business Advantage Savings page for current rates.)

Compare business savings accounts

Interest rate booster
5%

Gold

10%

Platinum

20%

Platinum Honors

Get a competitive rate on new business financing

With a Business Advantage Credit Line, Term Loan or Secured Lending account you can purchase inventory and materials, refinance debt or finance account receivables — and get an interest rate discount.

If you're a Preferred Rewards for Business client at the Platinum tier level and you qualify for a new credit line or term loan with a 6.00% fixed interest rate, your 0.50% interest rate discount would lower your interest rate to 5.50%. (This interest rate is for illustration purposes only.)

Learn more about small business financing, loans and funding

Interest rate discount
0.25%

Gold

0.50%

Platinum

0.75%

Platinum Honors

Get a new auto loan at an even lower rate

Purchase or refinance the cars, vans and light trucks you need to keep your business rolling — and get an interest rate discount.

If you're a Preferred Rewards for Business client at the Platinum Honors tier level and you qualify for a Business Advantage Auto Loan with a 2.99% APR interest rate, your 0.50% interest rate discount would lower your interest rate to 2.49% APR. (This interest rate is for illustration purposes only. Interest rate will be based on your creditworthiness. Low or as low as interest rate is subject to change.)

Get details about small business auto loans

Interest rate discount
0.25%

Gold

0.35%

Platinum

0.50%

Platinum Honors

Get a competitive rate on your real estate loan

Purchase the land or commercial property your business needs or leverage your equity to expand or remodel as your business grows — and get an interest rate discount.

If you're a Preferred Rewards for Business client at the Platinum Honors tier level and you qualify for a Commercial Real Estate Loan with a 4.25% APR interest rate, your 0.50% interest rate discount would lower your interest rate to 3.75% APR. (This interest rate is for illustration purposes only.)

Get details about Commercial Real Estate Loans

Interest rate discount
0.25%

Gold

0.35%

Platinum

0.50%

Platinum Honors

Get full service payroll and save on the monthly fee

Bank of America offers options for your small business to help simplify payroll administration and other human resource tasks. We want to help save you time and effort so you can focus on what's important — your business.

If you've enrolled through Bank of America to receive full service payroll services from a Bank of America approved provider (currently ADP and Intuit), then you're eligible to receive a Full Service Payroll Refund on the cost of the monthly service fee.

Learn more about payroll services for small business

Monthly service fee credit
$10

Gold

$15

Platinum

$20

Platinum Honors

Customized financing for your practice — at a lower rate

Dentists, veterinarians, optometrists and physicians have specific needs. Our Practice Specialists will work with you to help you get Practice Solutions business line of credit or term loan — at an even lower rate.

If you're a Preferred Rewards for Business client at the Platinum Honors tier level and you qualify for a practice loan with a 4.25% APR interest rate, your 0.35% interest rate discount would lower your interest rate to 3.90% APR. (This interest rate is for illustration purposes only. Interest rate will be based on your creditworthiness. Low or as low as interest rate is subject to change.)

Get details about practice loans

Interest rate discount
0.25%

Gold

0.30%

Platinum

0.35%

Platinum Honors

Use non-Bank of America ATMs — without a fee

Bank of America has thousands of ATMs, drive-up ATMs and 24-hour ATMs nationwide. But if you find yourself in a place where one of our ATMs isn't convenient for you, no worries: If you're a Preferred Rewards for Business client at the Platinum or Platinum Honors tier level, you'll be able to make no-fee withdrawals, balance inquiries or balance transfers at non-Bank of America ATMs (1 per statement cycle for Platinum, unlimited for Platinum Honors).

Find a Bank of America ATM near you

No-fee transactions at non-Bank of America ATMs
0

Gold

12/year
(1 per billing cycle)

Platinum

Unlimited

Platinum Honors

Our team has you covered

All Preferred Rewards for Business members enjoy priority client service thru 888.BUSINESS (888.287.4637) from a dedicated team of specialists available to handle your product and service needs.

Priority Client Service
Yes

Gold

Yes

Platinum

Yes

Platinum Honors

Fewer fees. Yes, please.

Save money every month with waived fees on select banking services.

Program members enjoy with no monthly maintenance fees on up to 4 eligible business checking and 4 business savings accounts. You'll also enjoy no fees on:

  • ATM or debit card replacement

  • Cashier's checks

  • Check copies

  • Check images

  • Domestic inbound wire transfers

  • Stop payments

  • Transfers through Balance Connect for overdraft protection

Every purchase is more rewarding

With the Business Advantage Customized Cash Rewards credit card, Gold tier members earn 3.75% in the category of your choice 2.25% on dining and 1.25% on all other purchases.

With the Business Advantage Travel Rewards credit card, you'll earn unlimited 3.75 points on purchases made at the Bank of America Travel Center, and 1.87 points on all other purchases – everywhere, every time.

Review card eligibility guidelines layer

If you don't have a business card that qualifies, visit our Small Business credit card page.

Credit card bonus rewards
25%

Gold

50%

Platinum

75%

Platinum Honors

Give your savings a boost

Get a higher interest rate on Business Advantage Savings accounts. And save more.

As a Gold tier member, you'll earn a 5% higher interest rate on Business Advantage Savings accounts. If the interest rate is 0.02%, a 5% rate booster increases the interest rate to 0.03%. (This interest rate is for illustration purposes only. Visit the Business Advantage Savings page for current rates.)

Compare business savings accounts

Interest rate booster
5%

Gold

10%

Platinum

20%

Platinum Honors

No ATM transaction fees, no matter what ATM you use

Bank of America has thousands of ATMs, drive-up ATMs and 24-hour ATMs nationwide.

Program members at the Platinum and Platinum Honors tiers can make no-fee withdrawals, balance inquiries and balance transfers transactions at non-Bank of America ATMs in the U.S.

Find a Bank of America ATM near you

No-fee transactions at non-Bank of America ATMs in the U.S.
0

Gold

12 per year
(one per month)

Platinum

Unlimited

Platinum Honors

Get a competitive rate on new business financing

With a Business Advantage Credit Line, Term Loan or Secured Lending account you can purchase inventory and materials, refinance debt or finance account receivables — and get an interest rate discount.

If you're a Preferred Rewards for Business client at the Gold tier level and you qualify for a new credit line or term loan with a 6.00% fixed interest rate, your 0.25% interest rate discount would lower your interest rate to 5.75%. (This interest rate is for illustration purposes only.)

Learn more about small business financing, loans and funding

Interest rate discount
0.25%

Gold

0.50%

Platinum

0.75%

Platinum Honors

Payroll is essential. Cash back is a bonus.

Bank of America offers options for your small business to help simplify payroll administration and other human resource tasks. And as a program member, you'll get cash back on eligible payroll service fees. So you can save time and money on running your business.

As a Gold tier member, you'll get a $10 cash back on your monthly payroll service fee.

Learn more about payroll services for small business

Cash Back on payroll service fees
$10

Gold

$15

Platinum

$20

Platinum Honors

Get a new auto loan at an even lower rate

Purchase or refinance the cars, vans and light trucks you need to keep your business rolling — and get an interest rate discount.

If you're a Preferred Rewards for Business client at the Gold tier level and you qualify for a new Business Advantage Auto Loan with a 4.00% APR interest rate, your 0.25% interest rate discount would lower your interest rate to 3.75% APR. (This APR interest rate is for illustration purposes only.)

Get details about small business auto loans

Interest rate discount
0.25%

Gold

0.35%

Platinum

0.50%

Platinum Honors

Get a competitive rate on your real estate loan

Purchase the land or commercial property your business needs or leverage your equity to expand or remodel as your business grows — and get an interest rate discount.

If you're a Preferred Rewards for Business client at the Gold tier level and you qualify for a new commercial real estate loan with a 5.00% APR interest rate, your 0.25% interest rate discount would lower your interest rate to 4.75% APR. (This APR interest rate is for illustration purposes only.)

Get details about Commercial Real Estate Loans

Interest rate discount
0.25%

Gold

0.35%

Platinum

0.50%

Platinum Honors

Customized financing for your practice — at a lower rate

Dentists, veterinarians, optometrists and physicians have specific needs. Our Practice Specialists will work with you to help you get Practice Solutions business line of credit or term loan — at an even lower rate.

If you're a Preferred Rewards for Business client at the Gold tier level and you qualify for a new practice loan loan with a 5.00% APR interest rate, your 0.25% interest rate discount would lower your interest rate to 4.75% APR. (This APR interest rate is for illustration purposes only.)

Get details about practice loans

Interest rate discount
0.25%

Gold

0.30%

Platinum

0.35%

Platinum Honors

Advice when you need it

A Merrill Financial Solutions Advisor will work one-on-one with you to help define what's important to you and provide advice on how to pursue those goals. No matter where you are in your financial life, a complimentary financial analysis is available to you.

Plus, Platinum Honors tier members benefit from an annual relationship review with a Small Business Specialist who will be able to focus on the unique needs of your specific business.

Professional Advice from Merrill
Yes

Gold

Yes

Platinum

Yes +

Platinum Honors

Fewer fees. Yes, please.

Save money every month with waived fees on select banking services.

Program members enjoy with no monthly maintenance fees on up to 4 eligible business checking and 4 business savings accounts. You'll also enjoy no fees on:

  • ATM or debit card replacement

  • Cashier's checks

  • Check copies

  • Check images

  • Domestic inbound wire transfers

  • International inbound wire transfers

  • Stop payments

  • Transfers through Balance Connect for overdraft protection

Every purchase is more rewarding

With the Business Advantage Customized Cash Rewards credit card, Platinum tier members earn 4.5% in the category of your choice 3% on dining and 1.5% on all other purchases.

With the Business Advantage Travel Rewards credit card, you'll earn unlimited 4.5 points on purchases made at the Bank of America Travel Center, and 2.25 points on all other purchases – everywhere, every time.

Review card eligibility guidelines layer

If you don't have a business card that qualifies, visit our Small Business credit card page.

Credit card bonus rewards
25%

Gold

50%

Platinum

75%

Platinum Honors

Give your savings a boost

Get a higher interest rate on Business Advantage Savings accounts. And save more.

As a Platinum tier member, you'll earn a 10% higher interest rate on Business Advantage Savings accounts. If the interest rate is 0.02%, a 10% rate booster increases the interest rate to 0.04%. (This interest rate is for illustration purposes only. Visit the Business Advantage Savings page for current rates.)

Compare business savings accounts

Interest rate booster
5%

Gold

10%

Platinum

20%

Platinum Honors

No ATM transaction fees, no matter what ATM you use

Bank of America has thousands of ATMs, drive-up ATMs and 24-hour ATMs nationwide. But if you find yourself in a place where one of our ATMs isn't convenient for you, no worries.

Program members at the Platinum tier can make 12 no-fee withdrawals, balance inquiry and balance transfers transactions at non-Bank of America ATMs in the U.S.

Find a Bank of America ATM near you

No-fee transactions at non-Bank of America ATMs in the U.S.
0

Gold

12 per year
(one per month)

Platinum

Unlimited

Platinum Honors

Get a competitive rate on new business financing

With a Business Advantage Credit Line, Term Loan or Secured Lending account you can purchase inventory and materials, refinance debt or finance account receivables — and get an interest rate discount.

If you're a Preferred Rewards for Business client at the Platinum tier level and you qualify for a new credit line or term loan with a 6.00% fixed interest rate, your 0.50% interest rate discount would lower your interest rate to 5.50%. (This interest rate is for illustration purposes only.)

Learn more about small business financing, loans and funding

Interest rate discount
0.25%

Gold

0.50%

Platinum

0.75%

Platinum Honors

Payroll is essential. Cash back is a bonus.

Bank of America offers options for your small business to help simplify payroll administration and other human resource tasks. And as a program member, you'll get cash back on eligible payroll service fees. So you can save time and money on running your business.

As a Platinum tier member, you'll get a $15 cash back on your monthly payroll service fee.

Learn more about payroll services for small business

Cash Back on payroll service fees
$10

Gold

$15

Platinum

$20

Platinum Honors

Get a new auto loan at an even lower rate

Purchase or refinance the cars, vans and light trucks you need to keep your business rolling — and get an interest rate discount.

If you're a Preferred Rewards for Business client at the Platinum tier level and you qualify for a new Business Advantage Auto Loan with a 4.00% APR interest rate, your 0.35% interest rate discount would lower your interest rate to 3.65% APR. (This APR interest rate is for illustration purposes only.)

Get details about small business auto loans

Interest rate discount
0.25%

Gold

0.35%

Platinum

0.50%

Platinum Honors

Get a competitive rate on your real estate loan

Purchase the land or commercial property your business needs or leverage your equity to expand or remodel as your business grows — and get an interest rate discount.

If you're a Preferred Rewards for Business client at the Platinum tier level and you qualify for a new commercial real estate loan with a 5.00% APR interest rate, your 0.35% interest rate discount would lower your interest rate to 4.65% APR. (This APR interest rate is for illustration purposes only.)

Get details about Commercial Real Estate Loans

Interest rate discount
0.25%

Gold

0.35%

Platinum

0.50%

Platinum Honors

Customized financing for your practice — at a lower rate

Dentists, veterinarians, optometrists and physicians have specific needs. Our Practice Specialists will work with you to help you get Practice Solutions business line of credit or term loan — at an even lower rate.

If you're a Preferred Rewards for Business client at the Platinum tier level and you qualify for a new practice loan with a 5.00% APR interest rate, your 0.30% interest rate discount would lower your interest rate to 4.70% APR. (This APR interest rate is for illustration purposes only.)

Get details about practice loans

Interest rate discount
0.25%

Gold

0.30%

Platinum

0.35%

Platinum Honors

Advice when you need it

A Merrill Financial Solutions Advisor will work one-on-one with you to help define what's important to you and provide advice on how to pursue those goals. No matter where you are in your financial life, a complimentary financial analysis is available to you.

Plus, Platinum Honors tier members benefit from an annual relationship review with a Small Business Specialist who will be able to focus on the unique needs of your specific business.

Professional Advice from Merrill
Yes

Gold

Yes

Platinum

Yes +

Platinum Honors

Fewer fees. Yes, please.

Save money every month with waived fees on select banking services.

Program members enjoy with no monthly maintenance fees on up to 4 eligible business checking and 4 business savings accounts. You'll also enjoy no fees on:

  • ATM or debit card replacement

  • Cashier's checks

  • Check copies

  • Check images

  • Domestic inbound wire transfers

  • International inbound wire transfers

  • 4 online outbound wire transfers (per statement cycle)

  • Stop payments

  • Transfers through Balance Connect for overdraft protection

Every purchase is more rewarding

With the Business Advantage Customized Cash Rewards credit card, Platinum Honors tier members earn 5.25% in the category of your choice 3.5% on dining and 1.75% on all other purchases.

With the Business Advantage Travel Rewards credit card, you'll earn unlimited 5.25 points on purchases made at the Bank of America Travel Center, and 2.62 points on all other purchases – everywhere, every time.

Review card eligibility guidelines layer

If you don't have a business card that qualifies, visit our Small Business credit card page.

Credit card bonus rewards
25%

Gold

50%

Platinum

75%

Platinum Honors

Give your savings a boost

Get a higher interest rate on Business Advantage Savings accounts. And save more.

As a Platinum Honors tier member, you'll earn a 20% higher interest rate on Business Advantage Savings accounts. If the interest rate is 0.02%, a 20% rate booster increases the interest rate to 0.05%. (This interest rate is for illustration purposes only. Visit the Business Advantage Savings page for current rates.)

Compare business savings accounts

Interest rate booster
5%

Gold

10%

Platinum

20%

Platinum Honors

No ATM transaction fees, no matter what ATM you use

Bank of America has thousands of ATMs, drive-up ATMs and 24-hour ATMs nationwide. But if you find yourself in a place where one of our ATMs isn't convenient for you, no worries.

Program members at the Platinum Honors tier can make unlimited no-fee withdrawal, balance inquiry and balance transfers transactions at non-Bank of America ATMs in the U.S.

Find a Bank of America ATM near you

No-fee transactions at non-Bank of America ATMs in the U.S.
0

Gold

12 per year
(one per month)

Platinum

Unlimited

Platinum Honors

Get a competitive rate on new business financing

With a Business Advantage Credit Line, Term Loan or Secured Lending account you can purchase inventory and materials, refinance debt or finance account receivables — and get an interest rate discount.

If you're a Preferred Rewards for Business client at the Platinum Honors tier level and you qualify for a new credit line or term loan with a 6.00% fixed interest rate, your 0.75% interest rate discount would lower your interest rate to 5.25%. (This interest rate is for illustration purposes only.)

Learn more about small business financing, loans and funding

Interest rate discount
0.25%

Gold

0.50%

Platinum

0.75%

Platinum Honors

Payroll is essential. Cash back is a bonus.

Bank of America offers options for your small business to help simplify payroll administration and other human resource tasks. And as a program member, you'll get cash back on eligible payroll service fees. So you can save time and money on running your business.

As a Platinum Honors tier member, you'll get a $20 cash back on your monthly payroll service fee.

Learn more about payroll services for small business

Cash Back on payroll service fees
$10

Gold

$15

Platinum

$20

Platinum Honors

Get a new auto loan at an even lower rate

Purchase or refinance the cars, vans and light trucks you need to keep your business rolling — and get an interest rate discount.

If you're a Preferred Rewards for Business client at the Platinum Honors tier level and you qualify for a new Business Advantage Auto Loan with a 4.00% APR interest rate, your 0.50% interest rate discount would lower your interest rate to 3.50% APR. (This APR interest rate is for illustration purposes only.)

Get details about small business auto loans

Interest rate discount
0.25%

Gold

0.35%

Platinum

0.50%

Platinum Honors

Get a competitive rate on your real estate loan

Purchase the land or commercial property your business needs or leverage your equity to expand or remodel as your business grows — and get an interest rate discount.

If you're a Preferred Rewards for Business client at the Platinum Honors tier level and you qualify for a new commercial real estate loan with a 5.00% APR interest rate, your 0.50% interest rate discount would lower your interest rate to 4.50% APR. (This APR interest rate is for illustration purposes only.)

Get details about Commercial Real Estate Loans

Interest rate discount
0.25%

Gold

0.35%

Platinum

0.50%

Platinum Honors

Customized financing for your practice — at a lower rate

Dentists, veterinarians, optometrists and physicians have specific needs. Our Practice Specialists will work with you to help you get Practice Solutions business line of credit or term loan — at an even lower rate.

If you're a Preferred Rewards for Business client at the Platinum Honors tier level and you qualify for a new practice loan with a 5.00% APR interest rate, your 0.35% interest rate discount would lower your interest rate to 4.65% APR. (This APR interest rate is for illustration purposes only.)

Get details about practice loans

Interest rate discount
0.25%

Gold

0.30%

Platinum

0.35%

Platinum Honors

Advice when you need it

A Merrill Financial Solutions Advisor will work one-on-one with you to help define what's important to you and provide advice on how to pursue those goals. No matter where you are in your financial life, a complimentary financial analysis is available to you.

Plus, Platinum Honors tier members benefit from an annual relationship review with a Small Business Specialist who will be able to focus on the unique needs of your specific business.

Professional Advice from Merrill
Yes

Gold

Yes

Platinum

Yes

Platinum Honors

Become a Preferred Rewards for Business member

There’s no fee to join or participate in the program. Here’s all you need to become a member:

  • An active, eligible Bank of America business checking account
  • A 3-month combined average daily balance of $20,000 or more in qualifying Bank of America business deposit accounts and/or Merrill® business investment accounts

Get started now

Become a Preferred Rewards for Business member

There’s no fee to join or participate in the program. Here’s all you need to become a member:

  • An active, eligible Bank of America business checking account
  • A 3-month combined average daily balance of $20,000 or more in qualifying Bank of America business deposit accounts and/or Merrill® business investment accounts

Sign in to Online Banking to see if you qualify »


Speak with a Small Business Specialist to get started today

Schedule an appointment now or call 888.BUSINESS (888.287.4637)

Not an Online Banking Customer?

Enroll in Online Banking »

Don’t have a business checking account?

Learn more about business checking »


. Sell trades are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principle. There are costs associated with owning ETFs. To learn more about Merrill pricing, visit merrilledge.com/pricing.

Cards not eligible for the Rewards Bonus:

  • Non-rewards credit cards (Bank of America Platinum and Platinum Plus for Business cards)
  • Personal or consumer-purpose credit cards
  • Business Advantage Cash Rewards 123 w/50% bonus
  • Business Advantage Travel Rewards w/50% bonus
  • Merrill branded Merrill Rewards for Business Card
  • Alaska Airlines®
  • Asiana Airlines®

Business Banking, Global Commercial Banking, Global Corporate Investment Banking or Institutional clients are not eligible to participate in the program. This list is subject to change without prior notice.