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Preferred Rewards for Business FAQs

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Get more rewards with everyday banking™

There are 3 tiers in the Business Advantage Relationship Rewards program. Your tier is based on your 3-month average combined balances in your qualifying Bank of America® business deposit and/or your Merrill Edge® and/or Merrill Lynch® business investment accounts.

When you are enrolled, you’ll be moved up automatically when your balances qualify you for the next rewards tier. And no need to worry if your balances dip now and then: Once you reach a rewards tier, you'll keep your program benefits until the next anniversary of your Relationship Rewards enrollment
There are 3 tiers in the Business Advantage Relationship Rewards program. Your tier is based on your 3-month average combined balances in your qualifying Bank of America® business deposit and/or your Merrill Edge® and/or Merrill Lynch® business investment accounts.

When you are enrolled, you’ll be moved up automatically when your balances qualify you for the next rewards tier. And no need to worry if your balances dip now and then: Once you reach a rewards tier, you'll keep your program benefits until the next anniversary of your Relationship Rewards enrollment

Relationship Rewards Frequently Asked Questions

Bank of America Business Advantage Relationship Rewards offers real benefits and rewards on your everyday business banking. And as your qualifying Bank of America® business deposit accounts and/or Merrill Edge® and Merrill Lynch® business investment balances grow, so do your benefits.

There are 3 tiers in the Relationship Rewards program: Gold, Platinum and Platinum Honors. The tier that your business qualifies for depends on your combined balances in your Bank of America business deposit accounts and/or Merrill Edge® and Merrill Lynch® business investment accounts. And, no need to worry if your balances dip now and then. Once you reach a rewards tier, you'll keep your program benefits until the next anniversary of your Relationship Rewards enrollment. View rewards and benefits by tiers

The Business Advantage Relationship Rewards program is available to Bank of America® Small Business, Merrill Lynch® Small Business, and U.S. Trust® Small Business clients. To qualify, all you need is an active eligible Bank of America business checking account and a 3-month average combined daily balance of at least $20,000 in qualifying Bank of America business deposit accounts and/or Merrill Edge and Merrill Lynch business investment accounts.

You simply have to qualify and enroll. To qualify, you need an eligible business checking account and a minimum $20,000 3-month average combined daily balance in your Bank of America® business deposit accounts and/or Merrill Edge® and Merrill Lynch® business investment accounts.

Sign in to Online Banking to find out if you’re eligible to enroll.

There are no fees to join or participate in Relationship Rewards. And once you’re enrolled, as your business balances qualify you for the next level of rewards, we’ll move you up automatically.

It depends on what types of accounts you have. After enrolling in Relationship Rewards, most benefits are automatic, but some may require you to change your account type or open a new account in order to receive all the benefits. Here are a few examples:

  • If you already have a Business Advantage Savings account, you’ll automatically receive the interest rate booster
  • If you already have an eligible Business Advantage credit card, you’ll automatically receive the rewards bonus
  • If you have an active Bank of America Merchant Services account, you’ll automatically receive Cash Rewards on your merchant services processing. Note: To be considered active and receive Merchant Services Cash Rewards, you must process merchant services each month.
  • If you already have a Merrill Edge® Self-Directed Investing account, and you are enrolled in Preferred Rewards for Business, you’ll get $0 online stock and ETF trades (10 per month for Gold, 30 per month for Platinum, 100 per month for Platinum Honors). Note: This applies only to Business Investor Accounts (BIA) and Working Capital Management Accounts (WCMA).

If you’d like to convert an existing savings account or open a new account that’s eligible for the rewards bonus, please call 888.BUSINESS.

Once you enroll and begin receiving Relationship Rewards benefits, you can move to a higher Relationship Rewards tier and enjoy more benefits and rewards once you increase your 3-month average combined daily balance in your qualifying Bank of America® business deposit accounts and Merrill Edge® and/or Merrill Lynch® business investment accounts to the threshold for the next tier. The minimum balance requirements are $20,000 for the Gold tier, $50,000 for the Platinum tier, and $100,000 for the Platinum Honors tier. We’ll review your qualifying balances monthly, and when you reach a higher tier you’ll be moved up automatically. And, no need to worry if your balances dip now and then. Once you reach a rewards tier, you'll keep your program benefits until the next anniversary of your Relationship Rewards enrollment. View rewards and benefits by tier

The minimum 3-month average combined daily balance requirements are $20,000 for the Gold tier, $50,000 for the Platinum tier, and $100,000 for the Platinum Honors tier.

You’ll maintain your Relationship Rewards tier status for 12 months following your enrollment. After 12 months, if you no longer meet the eligible business checking account and/or balance requirements, you’ll have a 3-month grace period. After that, if you still haven’t met the balance requirement, you’ll be moved to a lower benefit tier or lose your Relationship Rewards benefits entirely if you are below the Gold tier level. If you haven’t met the eligible business checking account requirement, you will lose your Relationship Rewards benefits.

Enroll in Preferred Rewards for Business

Take advantage of a wide range of benefits that grow as your business and your balances grow.

  • No fees on select services (including cashier’s checks, overdraft protection transfers from deposit accounts, stop payments and more)
  • Rewards Bonus on eligible business credit cards
  • Cash Rewards for Merchant Services processing
  • Interest rate booster on a Business Advantage Savings account

Sign in to Online Banking to see if you qualify

Sign in

Enroll in Preferred Rewards for Business

Take advantage of a wide range of benefits that grow as your business and your balances grow.

  • No fees on select services (including cashier’s checks, overdraft protection transfers from deposit accounts, stop payments and more)
  • Rewards Bonus on eligible business credit cards
  • Cash Rewards for Merchant Services processing
  • Interest rate booster on a Business Advantage Savings account

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 Edge pricing, visit merrilledge.com/pricing.