Bank of America today announced that customers who qualify for the Platinum Privileges® program with their Bank of America bank and Merrill Edge investment accounts will receive 30 commission-free online equity and ETF trades per month within their Merrill Edge self-directed brokerage accounts, as well as complimentary access to Merrill Edge MarketPro™. In order to qualify for Platinum Privileges status, customers will need to maintain $50,000 or more in combined balances in Bank of America deposit accounts and/or Merrill Edge investment accounts and have an active Bank of America personal checking account or an eligible Merrill Edge brokerage account. 1 “Giving Bank of America’s Platinum Privileges customers who open a Merrill Edge self-directed account 30 commission-free online equity and ETF trades per month along with complimentary access to Merrill Edge MarketPro ™ is a great way to recognize and reward customers who do more business with Bank of America and Merrill Edge,” said Alok Prasad, head of Merrill Edge. “We are continually innovating and listening to our customers to develop new ways to provide them with outstanding value and convenience.” In addition to making Platinum Privileges customers eligible for 30 commission-free online equity and ETF trades per month, Merrill Edge customers who have $25,000 in Bank of America deposit accounts or cash in Merrill Edge self-directed investment accounts will continue to receive 30 commission-free online equity and ETF trades per month. Platinum Privileges customers will also receive complimentary access to Merrill Edge MarketPro ™, a real-time market analysis and trading platform for self-directed investors. 2 The platform provides clients with real-time market analysis for greater control over every trade, customization and features including integrated trading, account information, streaming market data and interactive charting, and access to BofA Merrill Lynch Global Research, ranked No. 1 by Institutional Investor magazine. 3 “We are excited to make more features available to our Platinum Privileges customers,” said Aron Levine, Preferred channel executive for Bank of America. “We will continue to expand our offerings to make sure these customers understand the value of doing business with Bank of America and Merrill Edge.”
Bank of America now offers Platinum Privileges for consumers in all states except California. 4 With Platinum Privileges status, customers get priority service, higher savings rates and pricing discounts on many banking products from Bank of America. Benefits include:
- Priority phone service: Access to the dedicated Platinum Service Center, with a direct phone line to a team of specialists and extended hours of operations.
- The BankAmericard Privileges® credit card with Cash Rewards, which offers a 50 percent customer bonus when you redeem into an eligible account.5
- Preferred pricing including higher rates on the Platinum Privileges Money Market Savings account6 and select CDs and IRAs.7
- Discounts and fee waivers on many standard banking products such as cashier’s checks, stop payments and incoming wire transfers.
- Exclusive home loan benefits, including a ¼ point discount on discount points for a home purchase or refinance loan.
Merrill Edge provides mass affluent customers access to professional investment guidance through Merrill Edge Financial Solutions Advisors in the Merrill Edge Advisory Center or in-person at select banking centers. For customers who prefer to invest on their own, Merrill Edge provides a self-directed online investing platform, with robust tools and resources to help them make informed investment decisions.Bank of America Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,250 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. For more Bank of America news, visit the Bank of America newsroom. www.bankofamerica.com 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. Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.
Credit card programs are issued and administered by FIA Card Services, N.A.Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. www.merrilledge.com Investment products:
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