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No Fee Banking Services

 
 
 

No-fee services are another way you get more with Preferred Rewards. Learn how to take advantage of this benefit.

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:

No fees for non-Bank of America® ATM transactions in the U.S., using a Bank of America debit or ATM card

Gold tier clients
Not included

Platinum tier clients
Up to 12 per year (one each per statement cycle—includes withdrawals, balance inquiries and balance transfers)

Platinum Honors tier clients
UNLIMITED

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.

ATM fee waivers are just the beginning

Preferred Rewards clients can expect additional fee waivers on even more everyday banking services.

All Preferred Rewards clients enjoy:

Fee waivers on select services for Bank of America personal checking and savings accounts, including:

  • No monthly maintenance fees on up to 4 eligible checking and 4 eligible savings accounts from Bank of America
  • ATM or debit card replacement, even when it’s a rush
  • Standard check orders or cashier’s checks
  • Incoming domestic wire transfers
  • Overdraft Protection transfer fees waived from your linked savings accounts, secondary eligible checking accounts or from a Home Equity Line of Credit
  • Stop payments
  • Check images service or check copies
  • No withdrawal limit fee on savings accounts

Platinum and Platinum Honors tier clients also enjoy fee waivers on:

  • Incoming international wire transfers
  • A small safe deposit box

Plus, it’s easy to keep track of your no-fee 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.

Not enrolled in the Preferred Rewards Program? Learn more about Preferred Rewards

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