#WIRE TRANSFER FROM BANK OF AMERICA UPGRADE#

#WIRE TRANSFER FROM BANK OF AMERICA UPGRADE#

*Your tier upgrade may take a bit longer if there are other changes to your account.

If your average balance reached $60,000 in month seven and $90,000 in month eight, you’d qualify for the Platinum tier because your three-month average daily balance would be $60,000.*ĭivided by three months = $60,000 average daily balanceĬongratulations! You’ve qualified for the Platinum tier.

You’ve been a Preferred Rewards Gold tier member for six months, with an average combined daily balance in your Bank of America and Merrill accounts of $30,000. To view your qualifying three-month combined average daily balance, log in to Online Banking or use our mobile app and go to My Rewards. Every month, we'll review your three-month average daily balance and if it’s high enough, you'll receive an automatic tier upgrade. Once you’re enrolled in Preferred Rewards, you can speak with a specialist to convert your existing savings account to a Bank of America Advantage Savings account or open a new credit card account that's eligible for the rewards bonus.Īfter you enroll, you can move to a higher Preferred Rewards tier - and enjoy more benefits and rewards - by increasing your qualifying Bank of America® deposit and/or Merrill® investment balances.

An eligible Bank of America credit card, such as the Unlimited Cash Rewards, Customized Cash Rewards, Travel Rewards, or Premium Rewards® card, to receive the credit card rewards bonus.

A Bank of America Advantage Savings account, to receive the savings interest rate booster.

For example, for savings and credit card benefits, you'll need: To take advantage of some Preferred Rewards benefits, your existing accounts may require an account conversion, or you may want to open a new account to receive other program benefits. Once you enroll in Preferred Rewards, you can receive benefits on your existing eligible Bank of America banking and Merrill ® investing accounts. To become a Preferred Rewards member, you must have an active, eligible Bank of America® checking account. It depends on which accounts you already have.

Small safe deposit box is available for Platinum tier and above.

Stop payment fee is waived for all Preferred Rewards tiers.

Check image service fee is waived for all Preferred Rewards tiers.

Outgoing wire transfer fees are waived (two per statement cycle), for Diamond tier.

Incoming domestic wire transfer fees are waived for all Preferred Rewards tiers.

ATM international transaction fees are waived for Diamond tier.

Non-Bank of America ATM fees are waived for withdrawals, transfers, and balance inquiries at the Platinum tier and above – one per statement cycle for Platinum and unlimited for Platinum Honors and Diamond tiers.ATM/Debit card rush fees are waived for all Preferred Rewards tiers.Monthly maintenance fees are waived on checking and savings accounts, for up to four accounts for the Gold, Platinum and Platinum Honors tiers unlimited number of accounts for Diamond tier.Here are some of the no-fee services that Preferred Rewards members are eligible for, based upon their tier: To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. You may also visit the individual sites for additional information on their data and privacy practices and opt-out options. To learn more about ad choices, or to opt out of interest-based advertising with non-affiliated third-party sites, visit YourAdChoices powered by the Digital Advertising Alliance or through the Network Advertising Initiative's Opt-Out Tool. Ads served on our behalf by these companies do not contain unencrypted personal information and we limit the use of personal information by companies that serve our ads.

Relationship-based ads and online behavioral advertising help us do that.īank of America participates in the Digital Advertising Alliance ('DAA') self-regulatory Principles for Online Behavioral Advertising and uses the Advertising Options Icon on our behavioral ads on non-affiliated third-party sites (excluding ads appearing on platforms that do not accept the icon). We strive to provide you with information about products and services you might find interesting and useful.

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