Small Business Videos

What is the Business Advantage Relationship Rewards Program?

GRAPHIC What is the Business Advantage Relationship Rewards Program?Bank of America Logo

HOST With the Business Advantage Relationship Rewards program, your business can earn rewards and benefits that

HOST grow as your balances grow.

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HOST Based on the three month average balance maintained in your Bank of America business deposit and investment accounts you can qualify for

GRAPHIC 3 bars representing accounts with the amounts $20K to less than 50K, $50K to less than 100K and 100K+

HOST GOLD,

GRAPHIC 3 bars representing accounts with the amounts GOLD $20K to less than 50K, $50K to less than 100K and 100K+

HOST PLATINUM

GRAPHIC 3 bars representing accounts with amounts GOLD $20K to less than 50K, PLATINUM $50K to less than 100K and PLATINUM HONORS 100K+

HOST or PLATINUM HONORS TIER.

GRAPHIC 3 bars representing accounts with the amounts $20K to less than 50K, $50K to less than 100K and 100K+

HOST With each tier, you gain more rewards and benefits, like No Fees on select Banking services, a 25% to 75% reward bonus on the base earn for eligible business credit cards, cash rewards on Bank of America Merchant Services processing, an interest rate booster on a Business Advantage Savings Account, discounts on new loans and lines of credit, and more.

GRAPHIC A list of benefits for the GOLD, PLATINUM and PLATINUM HONORS

HOST Take advantage of this great new program today. Talk to a Small Business Specialist

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HOST or visit our website for more information or to enroll.

GRAPHIC Animated URL bankofamerica.com/Relationshiprewards

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END CARD Bank of America Logo
Get rewards and benefits that grow with your balances.
bankofamerica.com/Relationshiprewards

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. ©2018 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. MLPF&S is a registered broker-dealer, Member Securities Investor Protection Corporation (SIPC) and a wholly owned subsidiary of Bank of America Corporation

Investment Products

Are Not FDIC InsuredAre Not Bank GuaranteedMay Lose Value

Overall Program Rules:

Business Advantage Relationship Rewards (the program) is only available to Small Business, Merrill Lynch® Small Business, and U.S. Trust ® Small Business clients. Other categories of clients, such as those commonly referred to as Business Banking, Global Commercial Banking, Global Corporate Investment Banking, or Institutional clients are not eligible to participate in the program. Subject to certain exceptions, eligible business checking accounts generally are any Small Business checking account and the following Analyzed checking accounts: Full Analysis Business Checking or Analyzed Business Interest Checking. Clients in the eligible business categories may enroll in the program if you have an active, eligible Bank of America business checking account, and maintain a combined balance in your qualifying Bank of America® business deposit accounts and/or your qualifying Merrill Edge® and/or Merrill Lynch® business 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 either (i): your average daily balance for a three calendar month period, or (ii) your current combined balance, if you enroll at the time you open your first eligible business checking account and satisfy the balance requirement within thirty days of opening that account. U.S. Trust® Small Business clients are automatically enrolled in the program at the Platinum Honors tier as long as you maintain your U.S. Trust relationship. Certain benefits may be available without enrolling in the program if you satisfy balance and other requirements. Program benefits subject to change.

Banking made better with no-fee services including ATM

Fee waivers do not apply to an analyzed business checking or savings account product.

Receive the following fee waivers on everyday services on Bank of America small business checking and savings accounts.

  • Waived monthly maintenance fees on up to 4 eligible business checking and 4 business savings accounts, per enrolled business.
  • No fees for ATM or debit card replacement (including rush replacement fee), cashier's checks, check images, check copies, stop payments and incoming domestic wire transfers.
  • Waived overdraft protection fees for transfers from your linked business savings account or secondary business checking account.

Platinum tier:

  • Also receive no fees for incoming international wire transfers.

Platinum Honors tier:

  • Also receive no fees for incoming international wire transfers and
  • No fees on up to 4 outbound domestic and international wires per statement cycle sent online (through Online Banking or Direct Payments). Wires sent via CashPro are not eligible for the fee waiver.

The Platinum and Platinum Honors program tier clients using a Bank of America debit or ATM card will not be charged the non-Bank of America ATM fee and will receive a refund of the ATM operator or network fee for withdrawals, balance inquiries and balance transfers (1 each per statement cycle for Platinum tier clients, unlimited for Platinum Honors tier clients) from non-Bank of America ATMs in the U.S. and U.S. territories.

Fee waivers do not apply to cards issued under an analyzed business checking or savings account product.

Business Credit Cards:

Only certain credit cards are eligible to receive the program bonus. Enrolled clients with eligible cards will receive the program bonus based on program tier and type of card. All eligible card types receive the program bonus with each net purchase on the base earn only. That means 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 less any credits, returns and adjustments. For example, a Gold tier client with a Business Advantage Travel Rewards credit card earns: 1.50 Base Points + a Relationship Rewards Bonus of .37 Points = a total of 1.87 points per $1 in net purchases. For Business Advantage Cash Rewards, the Relationship Rewards Bonus will be added as Bonus Cash Rewards to the Base Cash Rewards you earn with each $1 spent in net purchases. That means a client enrolled in Business Advantage Relationship Rewards in the Gold tier will actually get 3.25% on gas and office supplies, 2.25% on restaurants, and 1.25% on all other purchases. Calculation example: your gasoline purchase will earn the base earn of 1%, + the Relationship Rewards bonus of .25%, + the Category Bonus for Gas purchases of 2% = a total of 3.25% per $1 in net purchases (up to $250,000 in gas station and office supply store purchases annually, 1.25% base earn after that). Calculation examples above will vary based on your enrollment tier, Platinum and Platinum Honors calculations will be higher. Other terms and conditions apply. If you have an eligible card, please refer to your card's Program Rules for details about how you will receive the Relationship Rewards bonus on your business card. 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. Most Bank of America® branded business credit cards (such as the Business Advantage Cash Rewards, Business Advantage Travel Rewards and WorldPoints Rewards for Business credit cards) are eligible to receive the program bonus as long as the card account is open and in good standing.

Visit bankofamerica.com/Relationshiprewards for a complete list of ineligible cards.

Merchant Services:

If you are: (1) enrolled in the program; (2) have a merchant services processing account with Bank of America Merchant Services ("Merchant Services"); and (3) direct your Merchant Services settlement funds into an eligible Bank of America business checking or business savings account, then you are eligible to receive a percentage-based rewards payment that is calculated using the combination of the total amount of your monthly net merchant services processing ("Monthly Net Processing ") with Merchant Services and your tier status in the program is as follows: Gold tier: 0.05% of Monthly Net Processing, Platinum tier: 0.10% of Monthly Net Processing, Platinum Honors tier: 0.15% of Monthly Net Processing. Monthly Net Processing equals your total monthly sales processed by Merchant Services, minus any refunds, returns, chargebacks, or other adjustments as determined by Merchant Services. The rewards payment(s) will be deposited into the same eligible Bank of America business checking or business savings account where your Merchant Services settlement funds are deposited. The merchant services processing rewards payment is typically paid in the month following a Merchant Services processing statement cycle.

Merchant Services are provided by Bank of America, N.A. and its representative Banc of America Merchant Services, LLC. Banc of America Merchant Services, LLC is not a bank, does not offer bank deposits, and its services are not guaranteed or insured by the FDIC or any other governmental agency.

©2018 Banc of America Merchant Services, LLC. All trademarks, service marks and trade names referenced in this material are the property of and licensed by their respective owners.

Business Advantage Savings accounts:

The Business Advantage Relationship Rewards program savings interest rate booster is only available to clients who have a Business Advantage Savings account and who have enrolled in the program. The interest rate booster will be applied to your Business Advantage Savings account after program enrollment. All savings accounts other than a Business Advantage Savings account, including Business Advantage Select Savings, Business Advantage Commercial Savings, Business Advantage Commercial Select Savings, Business Advantage Platinum Savings, and Business Investment Account are not eligible to receive the booster. Your enrollment in Business Advantage Relationship Rewards will automatically convert a Business Advantage Platinum Savings to a Business Advantage Savings account, which will then be eligible to receive the booster. Your enrollment in Business Advantage Relationship Rewards will not automatically convert any other existing savings account type to a Business Advantage Savings account, and any conversion from a non-eligible savings account type into a Business Advantage Savings account requires that you ask us to do a conversion. If your enrollment in the program is discontinued for any reason, the interest rate booster will end.

Business Advantage Credit Line, Term Loan, and Secured Lending Interest Rate Discounts

Business line of credit and term loan interest rate discounts are available to business applicants and co-applicants who are enrolled in the program at the time of line of credit or term loan application for a new credit facility (excludes lending products designated as Small Business Administration lines or loans and specialty lending products that receive customized pricing). The amount of the discount (0.25% for Gold tier, 0.50% for Platinum tier, and 0.75% for Platinum Honors tier) is based on the business applicant's or co-applicant's eligible tier and status at the time of application. The benefit is non-transferable. The interest rate discount is a standalone benefit and in certain instances may be combined with or superseded by other promotional offers. This interest rate discount will be incorporated into final pricing upon loan approval, which is subject to credit approval. Standard underwriting guidelines and credit policies apply.

Business Advantage Auto Loan Interest Rate Discounts

Business Advantage Auto Loan relationship interest rate discount of 0.25% to 0.50% is valid only for applicants who are enrolled in the program at the time of loan application who obtain a Business Advantage Auto Loan purchase or refinance loan. The maximum relationship interest rate discount on a Business Advantage Auto Loan is 0.50%. Business Advantage Auto Loans do not qualify for, or entitle any applicant to, a discount under the Preferred Rewards program. This relationship interest rate discount is not reflected in our published rates on our website but will be reflected in the interest rate quoted upon loan approval. Discounts are only available on vehicle loan applications submitted by you to Bank of America and not applications submitted through dealerships. Benefit is non-transferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.

Commercial Real Estate Loan Interest Rate Discounts

Business Commercial Real Estate Loan interest rate discounts are available to business applicants and co-applicants who are enrolled in the program at the time of application for a new credit facility (excludes lending products designated as Small Business Administration lines or loans and specialty lending products that receive customized pricing). The amount of the discount (0.25% for Gold tier, 0.35% for Platinum tier, and 0.50% for Platinum Honors tier) is based on the business applicant's or co-applicant's eligible tier and status at the time of application. The benefit is non-transferable. The interest rate discount is a standalone benefit and in certain instances may be combined with or superseded by other promotional offers. This interest rate discount will be incorporated into final pricing upon loan approval, which is subject to credit approval. Standard underwriting guidelines and credit policies apply.

Full Service Payroll

If you are enrolled in the Business Advantage Relationship Rewards program and are a client who has enrolled through Bank of America to receive full service payroll services from a Bank of America approved payroll provider (currently, ADP® and Intuit®), then you are eligible to receive a refund of a portion of your payroll product services fees based on your tier status in the Business Advantage Relationship Rewards program as follows: Gold tier: $10, Platinum tier: $15, Platinum Honors tier: $20. Only service fees for the payroll provider's full service payroll solutions are refund eligible. In addition to the general eligibility requirements, you also must fund your payroll with an eligible Bank of America business checking or business savings account. The payroll service fee refund is typically reflected monthly as a statement credit into the same account you are using to fund payroll as long as you have processed at least one payroll transaction through the account in the last 180 days.

Intuit® Full Service Payroll is a product of Intuit Inc. You must go to the Intuit website to enroll in and use the product. Bank of America is not responsible for the product or the performance of Intuit Inc. Intuit and the Intuit logo are registered trademarks of Intuit Inc., used under license.

Clients must have enrolled in ADP ® Payroll Services through Bank of America on or after December 31, 2015. Bank of America does not deliver the services associated with ADP products. Internet access may be required. Internet service provider fees may apply. Other bank fees may apply. ADP and the ADP logo are registered trademarks of ADP, LLC.

Practice Solutions Client Interest Rate Discounts

Practice Solutions business line of credit and term loan interest rate discounts are available to business applicants and co-applicants who are enrolled in the program at the time of line of credit or term loan application for a new credit facility (excludes lending products designated as Small Business Administration lines or loans and specialty lending products that receive customized pricing). Amount of discount (0.25% for Gold tier, 0.30% for Platinum tier, and 0.35% for Platinum Honors tier) is based on the business applicant's or co-applicant's eligible tier and status at the time of application. Benefit is non-transferable. The interest rate discount is a standalone benefit and in certain instances may be combined with or superseded by other promotional offers. This interest rate discount will be incorporated into final pricing upon loan approval, which is subject to credit approval. Standard underwriting guidelines and credit policies apply. Bank of America Practice Solutions may prohibit use of an account to pay off or pay down another Bank of America account. Bank of America Practice Solutions is a division of Bank of America, N.A.

SB Specialist:

Clients enrolled in the Platinum Honors tier are eligible for an annual relationship review with a small business specialist. If you are a Merrill Lynch client and you have questions about the program, please call 800.MERRILL (800.637.7455) or your Merrill Lynch advisor. Enrollment in Business Advantage Relationship Rewards is not required to receive a complimentary financial review.

U.S. Trust and Merrill Lynch clients receive financial reviews as part of their advisor relationship.

Merrill Edge:

Eligibility: Commissions are only waived for online stock and ETF trades conducted via an online investing and trading Merrill Edge Self-Directed Working Cash Management Account® or Merrill Edge Self-Directed Business Investor Account.

Merrill Edge waives its commission fee for:

  • 30 monthly online stock & ETF trades for Platinum tier clients
  • 100 monthly online stock & ETF trades for Platinum Honors tier clients

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. For full details about ways to qualify for $0 trades, call 1-888-MER.EDGE (1.888.637.3343).

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.

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

U.S. Trust operates through Bank of America, N.A., and other subsidiaries of Bank of America Corporation ('BofA Corp.'). Merrill Lynch makes available products and services offered by MLPF&S and other subsidiaries of Bank of America Corporation.

Banking, mortgage and home equity products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Bank of America, N.A. Equal Housing Lender. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

Investment products are provided by MLPF&S and:

Are Not FDIC InsuredAre Not Bank GuaranteedMay Lose Value

Enrollment in Business Advantage Relationship Rewards is not required to receive a complimentary financial review.

Bank of America, N.A. Member FDIC ©2018 Bank of America Corporation

AR53DNW7 05.08.19
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