With the Preferred Rewards program, you enjoy more benefits and rewards with your everyday banking — and that includes fee waivers on select banking services. Knowing which fees are waived can really help you save money. Here’s a quick rundown:
Gold tier clients
Platinum tier clients
Up to 12 per year (one each per statement cycle—includes withdrawals, balance inquiries and balance transfers)
Platinum Honors tier clients
Note: If one owner of an account is an enrolled Platinum or Platinum Honors tier client, all co-owners can take advantage of the no-fee non-Bank of America ATM benefit, based on the enrolled owner's tier.
Preferred Rewards clients can expect additional fee waivers on even more everyday banking services.
Online Banking and/or the Service Fees section of your checking statement show waived fees you’ve enjoyed on the select banking services listed on this page.
For ATM transactions, the Bank of America fee will be waived for each eligible transaction. The fee charged by the ATM operator will appear as a refund on your list of banking transactions in Online Banking and/or on your statements.
Note: This refund will display immediately prior to the ATM withdrawal transaction as a combined amount of the withdrawal and the fee charged by the ATM operator.
Calculate your Preferred Rewards potential
Use our Preferred Rewards calculator to see the benefits you can earn