Up to 500 Dollar Cash Bonus

Thanks for enrolling in this cash bonus offer1

Next steps

Here's what you need to do next

Step 1

Have a new or existing eligible savings account. Excludes Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs), Minor/Student savings accounts and fiduciary accounts such as trust accounts.

If you don't already have an eligible savings account, you can open an account now.

Step 2

Make qualifying deposits of $10,000 or more in new money* into your eligible savings account within 30 days of enrolling in this offer.

*New money is money not currently or previously held in any account at Bank of America or Merrill.

Use the Mobile Banking app2 to make mobile check deposits3 or transfer money4 from another bank into your eligible savings account.

Qualifying new money* deposits of:1Eligible for a bonus of:1
$10,000 - $19,999$150
$20,000 - $49,999$200
$50,000 - $99,999$300
$100,000 +$500

Step 3

Maintain qualifying deposits in your eligible savings account for 90 days following enrollment in this offer.

We will attempt to deposit the bonus into your eligible savings account within 60 days of satisfying the offer requirements

(Account must remain open and in good standing to receive the cash bonus).1

Get more rewards with your everyday banking®

Preferred Rewards5 members receive benefits and rewards on your everyday banking, including:

  • Extra interest on a Bank of America Advantage Savings account6
  • 25%-75% Rewards Bonus7 on eligible Bank of America® credit cards
  • $0 online stock and EFT trades with a Merrill Edge® Self-Directed account8
  • Monthly maintenance fee waivers on your first 4 checking and savings accounts
See all Preferred Rewards benefits

Expedite your enrollment in Preferred Rewards

  • Take advantage of the savings offer by making qualifying deposits.
    You will then be eligible for Preferred Rewards expedited enrollment, which waives the three-month qualification period.
  • Talk to an associate about expedited enrollment in Preferred Rewards.
    There’s no fee to join or participate. Simply walk into one of our locations or schedule an appointment.

Ready to get started or have questions about this offer?

JD Power 2019 certified mobile app logo JD Power 2019 certified website logo

Bank of America's Mobile app and Online Banking are both certified by J.D. Power* for providing "An Outstanding Customer Experience."

1 This offer is only available to select Bank of America customers who receive this offer via a direct communication from Bank of America. Fiduciary accounts (e.g., trust accounts) are excluded. Offer expires on December 31, 2019. Bank of America may change or discontinue this offer at any time without notice before that date. Only available at participating financial centers (see list below).

Requirements to Receive the Cash Bonus:

(1) Enroll in the offer by December 31, 2019 requesting enrollment from a Bank of America associate or by clicking the enrollment link in a direct email communication.

Next, complete the following steps within 30 days of enrolling:

(2) Open or maintain an eligible savings account (Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs), and Minor/Student savings accounts are not eligible for this offer); and

(3) Make deposits of new money (each is a "Qualifying Deposit") totaling at least $10,000 directly into the eligible savings account. "New money" is money not currently or previously held in any account at Bank of America or Merrill.

Finally, for 90 days following enrollment in the offer (the "Maintenance Period"):

(4) Maintain the Qualifying Deposit(s) in the eligible savings account.

If all requirements listed above are satisfied, Qualifying Deposits totaling $10,000-$19,999 will be eligible for a $150 bonus, $20,000-$49,999 will be eligible for a $200 bonus, $50,000-$99,999 will be eligible for a $300 bonus, and $100,000 or more will be eligible for a $500 bonus. Your Bank of America eligible savings account must be open and in good standing up to and including the date the bonus is paid in order to receive the bonus. If you meet the requirements for the bonus, we will attempt to deposit the bonus directly into the eligible savings account within sixty (60) days.

Additional Important Information:

Thirty (30) days after enrollment in the offer, all Qualifying Deposits will be totaled to determine which of the cash bonus tiers you are eligible for (the "Qualified Tier"). If at any time during the Maintenance Period the balance in the eligible account drops below the minimum for that Qualified Tier, you will no longer be eligible for the bonus attributable to that Qualified Tier, but may be eligible for a lower bonus (as applicable, based on the lowest balance during the Maintenance Period).

Additional Terms and Conditions:

Your eligible savings account does not qualify for the cash bonus until you provide all of the information we require in connection with the account by the expiration date. This includes information we require to identify each account owner, including a validly completed IRS Form W-9 or Form W-8 (as applicable). The value of this bonus may constitute taxable income to you. Bank of America may issue an IRS Form 1099 (or other appropriate form) to you that reflects the value of the bonus. To the extent required by law, Bank of America may withhold tax or other amounts from the payment. Please consult your tax advisor, as neither Bank of America, its affiliates, nor their employees provide tax advice.

All account applications are subject to our normal approval process. The Bank of America Advantage Savings account requires a minimum opening deposit of $100 and pays the following Annual Percentage Yields (APYs): less than $2,500, 0.03%; $2,500 and over, 0.03%. APYs are accurate as of 08/23/2019 and are based on the account being domiciled in California. For today’s rates, select the applicable account at bankofamerica.com/depositsrates.

Rates may change at any time without prior notice, before or after the account is opened, and may vary by location. Fees may reduce earnings. All other savings account details remain the same. Please consult a financial center, visit bankofamerica.com or see the Personal Schedule of Fees for account fees and additional information about accounts.

Offer cannot be combined with any other bonus offer and is limited to one per eligible savings account and per customer. Offer does not apply to second or multiple eligible savings accounts. In the event a customer has more than one eligible savings account, only one account can qualify for this offer.

Reproduction, purchase, sale, transfer or trade of this offer is prohibited.

Participating Financial Centers (by county):

Arizona: Maricopa, Pinal

California: Alameda, Contra Costa, El Dorado, Los Angeles, Marin, Orange, Placer, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Mateo, Santa Clara, Yolo

Colorado: Adams, Arapahoe, Denver, Douglas

Connecticut: Fairfield, Hartford, Middlesex, Tolland

Delaware: New Castle

District of Columbia: District of Columbia

Florida: Broward, Clay, Duval, Hernando, Hillsborough, Lake, Miami-Dade, Nassau, Orange, Osceola, Palm Beach, Pasco, Pinellas, Seminole, St. Johns

Georgia: Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding, Rockdale, Spalding

Illinois: Cook, DuPage, Kane, Lake, Madison, McHenry, St. Clair, Will, Winnebago

Indiana: Hamilton, Marion

Kansas: Johnson, Wyandotte

Maryland: Anne Arundel, Baltimore, Baltimore City, Carroll, Harford, Howard, Queen Anne's

Massachusetts: Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk

Michigan: Livingston, Macomb, Oakland, Wayne

Minnesota: Dakota, Hennepin, Ramsey, Washington

Missouri: Cass, Clay, Jackson, Jefferson, Lincoln, Platte, St. Charles, St. Louis, St. Louis City

Nevada: Clark

New Hampshire: Rockingham, Strafford

New Jersey: Atlantic, Bergen, Burlington, Camden, Cape May, Cumberland, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Union

New York: Bronx, Kings, Nassau, New York, Queens, Richmond, Suffolk, Westchester

North Carolina: Cabarrus, Durham, Gaston, Iredell, Johnston, Lincoln, Mecklenburg, Orange, Rowan, Union, Wake

Oklahoma: Canadian, Cleveland, Oklahoma

Oregon: Clackamas, Multnomah, Washington, Yamhill

Pennsylvania: Allegheny, Bucks, Chester, Delaware, Montgomery, Philadelphia, Washington

Rhode Island: Bristol, Kent, Newport, Providence, Washington

South Carolina: Anderson, Greenville, Pickens, York

Tennessee: Davidson, Robertson, Rutherford, Sumner, Williamson, Wilson

Texas: Bexar, Brazoria, Collin, Comal, Dallas, Denton, Fort Bend, Galveston, Guadalupe, Harris, Hays, Hunt, Kaufman, Kendall, Montgomery, Rockwall, Tarrant, Travis, Williamson

Utah: Salt Lake

Virginia: Albemarle, Charlottesville City, Chesterfield, Colonial Heights City, Greene, Hanover, Henrico, Hopewell City, Petersburg City, Richmond City

Washington: Clark, King, Pierce, Snohomish

2 Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.

3 Mobile Check Deposits are subject to verification and not available for immediate withdrawal. Other restrictions apply. In the Mobile Banking app menu, select Deposit Checks, then Help for details and other terms and conditions. Message and data rates may apply.

4 Fees apply to wires and certain transfers. See the Online Banking Service Agreement for details. Data connection required for online and mobile transfers. Wireless carrier fees may apply.

5 You are eligible to enroll in the Preferred Rewards program if you have an active, eligible Bank of America® personal checking or Bank of America Advantage Banking account and maintain a three-month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill investment accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. The combined balance is calculated based on your average daily balance for a three calendar month period. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on employee qualification requirements, please call Employee Financial Services or visit the Bank of America intranet site.

6 The Savings interest rate booster is only available to customers enrolled in the Preferred Rewards program. Your enrollment in Preferred Rewards will not automatically convert any existing savings account to a Bank of America Advantage Savings or eligible savings account without your request. If your enrollment in the Preferred Rewards program is discontinued, the interest rate booster may be discontinued. Visit bankofamerica.com/savings for current products and rates.

7 Credit Card Preferred Rewards Bonus. Certain credit cards are eligible to receive the Preferred Rewards bonus. Enrolled Preferred Rewards members can receive a Preferred Rewards bonus of 25% for the Gold tier, 50% for the Platinum tier, or 75% for the Platinum Honors tier based on their Program tier and type of card. If your product receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus. The Bank of America® Cash Rewards credit card Preferred Rewards bonus will be applied after all base and bonus cash rewards have been calculated on a purchase. For example, a $100 purchase that earns 3% ($3.00) will actually earn $3.75, $4.50 or $5.25 based on your tier when the purchase posts to your account. For all other eligible card types, a purchase that earns 100 base points will actually earn 125, 150 or 175 points based on your tier when the purchase posts to your account. Other terms and conditions apply. Please refer to your card’s Program Rules for details about how you will receive the Preferred Rewards bonus. Program Rules are mailed upon account opening and are accessible through the rewards redemption site via Online Banking or by calling the number on the back of your card. Visit bankofamerica.com/preferred-rewards for a complete list of ineligible cards.

8 Eligibility: Commissions are only waived for online stock and ETF trades conducted via an individual or jointly owned self-directed personal CMA® or IRA account.

Merrill Edge waives its commission fee for:
- 10 monthly online stock & ETF trades for Gold tier members
- 30 monthly online stock & ETF trades for Platinum tier members
- 100 monthly online stock & ETF trades for Platinum Honors tier members & Bank of America Private Bank clients

For details about commissions, transaction fees and any other fees that may apply, visit merrilledge.com/pricing. Other restrictions may apply. For full details about ways to qualify for $0 trades, call 1.888.637.3343 or visit merrilledge.com/$0detail. Preferred Rewards for Wealth Management clients (formerly known as Banking Rewards for Wealth Management), other than Bank of America Private Bank clients, do not receive Merrill Edge® Self-Directed commissions waivers.

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.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

Investment products:

  • Are Not FDIC Insured
  • Are Not Bank Guaranteed
  • May Lose Value

MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America Corporation.

* J.D. Power 2019 Mobile App Certification ProgramSM and 2019 Website Certification ProgramSM recognition is based on successful completion of an audit and exceeding a customer experience benchmark through a survey of recent servicing interactions. For J.D. Power award information, visit jdpower.com/awards

Bank of America, the Bank of America logo and Merrill Edge are registered trademarks of Bank of America Corporation.