Offer only available to business owners who receive this offer via a direct communication from a Bank of America Specialist or from a Bank of America communication. This offer is intended for new customers only; your business is not eligible for this offer if you were an owner or signer on a Bank of America Business Advantage Banking account within the last six (6) months.
Bank of America employees are not eligible for this offer. Offer expires on May 28, 2021, and all qualifying activities must be completed within the stated time frames in order to be eligible for this offer. You must meet the requirements of each offer, in order to receive the bonus associated with each offer. Bank of America may change or discontinue this offer at any time before this date without notice. Only one Banking Relationship bonus offer per business owner, regardless of the number of businesses owned or operated by the customer.
Between 3/5/21 and 5/28/21 ("Promotion Period") as part of the Preferred Rewards for Business ("Program") 12 - Month Trial Promotion ("Promotion"), the three-month combined average daily business balance requirement to be eligible for program enrollment will be waived. Clients who open an eligible Business Fundamentals or Business Advantage Checking account online, are accepting the offer at the time of account opening (“Offer Acceptance”) and will be enrolled to receive Program Gold tier benefits for 12- Months. Offer Acceptance must take place by May 28th, 2021. Program Enrollment will take place within 60 days of offer acceptance if you qualify. Benefits become effective within 30 days of your enrollment. Bank of America may change, extend or terminate this offer before this date without notice.
During the Promotion period, the Gold tier combined balance requirement will be waived. When the 12-month Promotion ends, if you meet the requirements for Program eligibility, you will remain in the Program. To meet Program eligibility requirements, or advance to a higher program tier, you must maintain an active, eligible business checking account and a three-month combined average daily balance for a three-calendar-month period in any combination of your qualifying Bank of America® business deposit accounts and/or your qualifying Merrill 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. Additional program information is available at www.bankofamerica.com/RewardsforBusiness.
The Preferred Rewards for Business program is only available to Small Business, Merrill Small Business, and Bank of America Private Bank® 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. To enroll you must have an active, eligible Bank of America business checking account, and maintain a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier in your combined qualifying Bank of America business deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill business investment accounts (such as Working Capital Management Accounts, Business Investor Accounts, Delaware Business Accounts). The qualifying balance is calculated based on either (i): your average daily balance for a three calendar month period, or (ii) your current combined balance, provided that you enroll at the time you open your first eligible business checking account and satisfy the balance requirement at the end of at least one day within thirty days of opening that account. Refer to your Business Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Bank of America Private Bank® Small Business clients are automatically enrolled in the program at the Platinum Honors tier as long as you maintain your Bank of America Private Bank® relationship. Once you are no longer a client of the Private Bank, your enrollment in Preferred Rewards for Business will end and the benefits from enrollment will no longer be provided. You can continue to receive Preferred Rewards for Business benefits if you are eligible for the program and you take action to enroll. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Certain benefits may be available without enrolling in the program if you satisfy balance and other requirements.
Banking made better with no-fee services: Fee waivers do not apply to an analyzed business checking or savings account product or to cards issued under these products. Visit bankofamerica.com/RewardsforBusiness for a complete list of no-fee banking services
Eligibility: The $500 and $750 bonus offers are mutually exclusive: only one bonus ($500 or $750) per business customer, regardless of the number of businesses owned or operated by the customer.
Offer only available to customers who receive this offer via a direct communication from a Bank of America Small Business Specialist or from a Bank of America communication. This offer is intended for new customers only; you are not eligible for this offer if you were an owner or signer on a Bank of America small business checking account within the last six (6) months. Bank of America employees are not eligible for this offer.
Offer expires on May 28, 2021 and all qualifying activities must be completed within the stated time frames in order to be eligible for this offer. Bank of America may change or discontinue this offer at any time before this date without notice.
Requirements to Receive a Business Advantage Banking Bonus Up to $750:
To earn the $500 bonus:
1. Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals ™ Banking account by May 28, 2021; AND
2. Make Qualifying Deposits of $20,000 or more in new money* into your new Business Advantage Banking account within fifteen (15) days of account opening; AND
3. Maintain an average balance of $20,000 during the Maintenance Period** into the new Business Advantage Banking account.
To earn the $750 bonus:
1. Open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account by May 28, 2021; AND
2. Make Qualifying Deposits of $50,000 or more in new money* into your new Business Advantage Banking account within fifteen (15) days of account opening; AND
3. Maintain an average balance of $50,000 during the Maintenance Period** into the new Business Advantage Banking account
The $500 and $750 bonus Business Advantage Banking offers are mutually exclusive: only one bonus (either $500 or $750).
*New money is new funds deposited into your Business Advantage Banking account that are not transfers from other Bank of America deposit accounts or Merrill investment accounts. A transfer done via ATM, online or teller, or a transfer from a Bank of America deposit account or brokerage account, such as a Merrill account, is not considered new money. A cash withdrawal from an existing Bank of America account and deposited into the new Business Advantage Banking account is not considered new money.
**The Maintenance Period begins sixteen (16) calendar days after account opening and ends seventy-five (75) calendar days after account opening.
Additional Terms:
All account applications are subject to approval. Your account does not qualify for the bonus until you provide all of the information we require in connection with opening the account by the promotion end date May 28, 2021. This includes information we require to identify each account owner and to report the bonus to the Internal Revenue Service (IRS), 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. 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. Please consult a financial center, visit bankofamerica.com, or see the Business Schedule of Fees found at bankofamerica.com/businessfeesataglance for other account fees, rates and information.
All new Business Advantage Banking accounts must be open up to and including the date the earned bonus is paid in order to receive the earned bonus. We will make every attempt to deposit the earned cash bonus directly into your Business Advantage Banking account within 60 days from the end of your qualifying period.
Reproduction, purchase, sale, transfer or trade of this offer is prohibited.