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New Program Offers Small Business Clients Wide-Ranging Benefits to Help Them Grow
Bank of America today launched Business Advantage Relationship Rewards, a new program that rewards eligible small business clients with an attractive suite of benefits and rewards that grow as their Bank of America business deposit and/or Merrill Edge and Merrill Lynch investment balances increase. The program is built on the success of Bank of America Preferred Rewards, which launched in 2014 as the first and only consumer banking rewards program of its kind offering clients benefits and rewards for their everyday banking activities.
According to a recent Bank of America Small Business Owner Report, 82 percent of entrepreneurs who receive rewards from vendors and business partners say it increases their loyalty. As the most comprehensive multi-product rewards program available in the small business banking space, Business Advantage Relationship Rewards provides clients with an opportunity to enjoy a more rewarding business relationship with Bank of America.
“We created this new rewards program to show our 3.1 million small business customers, as well as potential clients, how much we value their business while providing them with a competitive advantage,” said Sharon Miller, managing director, head of small business at Bank of America. “Through Business Advantage Relationship Rewards, we are committed to building strong, long-term relationships with our clients through a wide range of tangible benefits to help them grow their businesses and get more back from their banking.”
Clients with an eligible Bank of America business checking account, and a three-month average combined balance of $20,000 or more in qualifying Bank of America business deposit accounts and/or Merrill Edge or Merrill Lynch business investment accounts, can now enroll in Business Advantage Relationships Rewards by visiting a Bank of America financial center or calling 888.287.4637.
The program is structured into three tiers – Gold, Platinum and Platinum Honors – with increasing benefits and rewards as a client’s combined balances grow. Qualify with three-month average combined balances of $20,000 for the Gold tier, $50,000 for the Platinum tier, and $100,000 for the Platinum Honors tier. Benefits include:
There is no fee to enroll in Business Advantage Relationship Rewards. For more information on the program, including terms and conditions, click here.
1 Eligibility: Commissions are only waived for online stock and ETF trades conducted via an individual or jointly owned online investing and trading personal CMA® or IRA account. MLPF&S waives its commission fee for:
For details about commissions, transaction fees and any other fees that may apply, visit merrilledge.com/pricing. Certain account types are not eligible. Other restrictions may apply. Relationship requirements and pricing are subject to change and/or termination without advance notice. Visit merrilledge.com/$0detail. for full details about ways to qualify for $0 trades or call 888.MER.EDGE (888.637.3343).
2 Other fees may apply. Sales are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs. To learn more about Merrill Edge pricing, visit merrilledge.com/pricing.
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,500 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 35 million active users, including approximately 24 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements and other important information, visit Bank of America newsroom and register for news email alerts.
Bank of America and the Bank of America logo are registered trademarks of the Bank of America Corporation.
Merrill Edge® is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), and consists of the Merrill Edge Advisory Center (investment guidance) and self-directed online investing.
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Reporters May Contact:
Don Vecchiarello, Bank of America
Phone: 1.980.387.4899
don.vecchiarello@bofa.com
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