BofA Overview
What is BofA Rewards?
Our clients have told us they expect to be recognized and rewarded for their relationship with Bank of America. BofA Rewards is a no-fee loyalty program designed to do just that!
This new program offers personalized rewards for any client with a qualifying personal checking account – with no minimum balance required
With the BofA Rewards program, clients get more benefits and rewards with their everyday banking.
Benefits grow as their qualifying Bank of America Advantage Banking, checking, and savings account balances and/or Merrill® investment account balances increase*.
There is no cost to join or participate in the BofA Rewards program.
Why is BofA Rewards Important?
BofA Rewards delivers a more inclusive loyalty program.
The program gives us a competitive advantage by delivering a comprehensive rewards program that clients cannot get anywhere else, just here --- at Bank of America.
BofA Rewards will help client tier clients understand the benefits of being rewarded for their whole relationship and build upon industry-leading retention
Return
Which checking accounts are NOT included in qualifying for the BofA Rewards?
•Merrill Edge brokerage accounts
•Small Business checking accounts
•Custodial accounts
What does NOT qualify towards the three month combined average daily balances? Name at least 2!
Non-personal accounts with a status of anything other than open and active.
Balances in Revocable and Irrevocable Trust accounts on which the TIN is not the client’s SSN.
Accounts on which the client is not an owner or co-owner; for example, a custodial, executor, grantor, guardian, administrator, representative, power of attorney, payable on death, beneficiary or estate account including Minor UTMA (Uniform Transfer to Minors) and UGMA (Uniform Gift to Minors) accounts.
Business accounts and commercial accounts.
Employee Benefit plans (such as 401(k) plans) and Annuities.
Financial Center, Contact Center, Mobile and Online, Erica (Digital Assistant in Downloadable Mobile App)