Whether they’re just starting out their financial journey or they have more complex financial needs, your employees will have access to a dedicated team of specialists who can work one-on-one with them to provide ongoing financial education and guidance. Your employees will have support with a full range of banking and lending solutions from Bank of America and investing solutions from Merrill.
Plus, for some qualified companies, employees will have special access to join BofA Rewards,3 the loyalty program that brings you a world of personalized benefits, moments of delight and more ways to make the most of your banking relationship.
How we make it happen
BofA Rewards
Special access to BofA Rewards Preferred Plus tier benefits are available to employees of qualified companies who set up a full or partial direct deposit of your company payroll into their eligible Bank of America checking or savings account, and then enroll in BofA Rewards through Mobile or Online Banking. This provides:
- A useful lineup of Bank of America banking benefits
- More benefits by joining our BofA Rewards program3
- High-tech, high-touch engagement
Financial education
- Explore resources and tools that can help build financial wellness Better Money Habits®
- Versatile tools and calculators help your employees spend smarter and save more
- Set and track your goals with just a few taps
- Bank of America Life Plan® is powerful digital tool that helps you work toward your short- and long-term goals, get one-on-one advice and adjust when life changes
Simplified implementation
- There is no technology development or investment needed to begin your company’s participation, which means your employees can receive the benefits sooner
- Your employees’ personal information is not transferred between firms, which ensures the highest level of privacy of information protection
- Participant does not require an exclusivity agreement with Bank of America, which allows for flexibility in how you support your employees financial wellness.
Frequently asked questions
Get in touch today
For more information
please email us at EBI.info@BofA.com.
Set and track your goals with just a few taps
Bank of America Life Plan® is powerful digital tool that helps you work toward your short- and long-term goals, get one-on-one advice and adjust when life changes.
Find out how we can help. Connect with us.
See how our banking with Bank of America and investing with Merrill can help empower your employees.
Related topics
1 Banking products are available from Bank of America, N.A., and affiliated banks, Members FDIC.
2 Investment products are available from Merrill Lynch, Pierce, Fenner & Smith Incorporated.
3 BofA Rewards™ Eligibility. Customers can enroll and maintain their membership in BofA Rewards™ if they have an open, qualifying Bank of America® checking account. BofA Rewards tiers are based on each customer’s combined average balance in qualifying deposit and investment accounts. The minimum balance for each tier is: Member, no minimum balance; Preferred Plus, $30,000; Preferred Honors, $100,000; and Premier, $1,000,000. Employees of a company participating in the Bank of America® Employee Banking and Investing Program, are eligible to enroll in BofA Rewards if the employee:
- has an active eligible Bank of America personal checking account; and
- receives all or part of the employee’s payroll direct deposit from the participating company in an eligible Bank of America deposit account.
Eligible employees qualify for the Preferred Plus tier regardless of combined average balance and may qualify for higher tiers based on the standard program terms. For full terms, including qualifying accounts and the method of calculation of average balances, refer to your Personal Schedule of Fees.