Bank of America and AARP today announced a collaboration to provide resources to help retirees combat financial exploitation. Through the collaboration, Bank of America will feature AARP educational content in the Bank of America Security Center. The additional content, focused on promoting security and fighting scams, will complement the Security Center’s full range of information related to the bank’s efforts to help clients to identify, avoid and resolve fraud events faster. Bank of America will also offer an exclusive 31 percent discount on a two-year AARP membership to its Preferred Rewards members, allowing them to take advantage of the wide range of AARP benefits and resources, in addition to the extensive list of rewards provided through the bank’s industry-leading loyalty program.
The collaboration reflects the commitment of both organizations to help people plan for the financial challenges that come with advanced life stages and to help identify and prevent fraud.
“As our clients navigate caregiving and retirement life stages, our goal is to help them manage and protect their finances and live their best financial life,” said Kieth Cockrell, head of Bank of America Specialty Client Services. “We’re thrilled to work with AARP to enhance all that we provide to our clients.”
AARP Senior Vice President of Digital Strategy and Membership Sami Hassanyeh added, “Because we know fighting fraud requires vigilance and ongoing awareness, we are excited that Bank of America Preferred Rewards participants will save on AARP membership and get the ongoing access to tools, tips and advocacy against financial exploitation they need to help protect them, their families and their life savings.”
Preferred Rewards is a three-tiered membership program available to Bank of America clients. Currently, nearly 6 million clients are enrolled in Preferred Rewards. It is the first no-fee program of its kind that recognizes and rewards clients for choosing to do more across their Bank of America banking and/or Merrill investment accounts. The loyalty program’s unique relationship-based approach provides members extensive rewards and benefits across their deposit accounts, investments, credit cards, mortgages, auto loans and banking services, as well as access to exclusive discounts and experiences. Last year, Bank of America launched Preferred Rewards for Business to provide business owners rewards and solutions to grow their businesses.
Visit bankofamerica.com/preferred-rewards for more information about the benefits and discounts offered in the Preferred Rewards program, and for more about AARP’s work against financial exploitation, visit https://www.aarp.org/money/scams-fraud/.
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 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,200 lending centers, 2,400 financial centers with a Consumer Investment Financial Solutions Advisor and 1,700 business centers; approximately 16,600 ATMs; and award-winning digital banking with more than 37 million active users, including approximately 28 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 across the United States, its territories and approximately 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 the Bank of America newsroom and register for news email alerts.
© 2019 Bank of America Corporation. All rights reserved.
###
Reporters May Contact:
Betty Riess, Bank of America
Phone: 1.415.913.4416
betty.riess@bofa.com
.jpg/_jcr_content/renditions/original){kind=logo}
Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.
This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.
Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. These materials are for informational purposes only. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “ MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.
Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”). Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (“MLLA”), a licensed insurance agency and wholly-owned subsidiary of BofA Corp.
Investment products offered through MLPF&S and insurance and annuity products offered through MLLA:
| Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
| Are Not Deposits | Are Not Insured by Any Governmental Agency | Are Not a Condition to Any Banking Service or Activity |
Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Company goals are aspirational and not guarantees or promises that all goals will be met. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards.
Bank of America, N.A. Member FDIC. Equal Housing Lender
© 2023 Bank of America Corporation. All rights reserved.
Subscribe to press release updates