Preferred Rewards - Business Flashcards
1
Q
Are clients enrolled automatically?
A
No! Clients must enroll!
2
Q
Preferred Rewards program eligibility: Qualifiers
A
- BofA small business, Merrill Small Business or Private Bank Small Business Client
- have - or open - an active, eligible Business Checking account
- combined balance of at least $20,000
- 3-month combined average daily business balance requirement
3
Q
Preferred Rewards program eligibility: Disqualifiers
A
- Business, global commercial, global corporate, investment banking or institutional clients are not eligible
- Some business checking accounts are not eligible
4
Q
Requirements without waiting 3 month?
A
- Must meet the $20,000 combined balance requirement within 30 days
- must open businesses first eligible checking account with the bank and enroll in the program
5
Q
Which account is the preferred rewards interest rate booster applied to?
A
Business Advantage Savings
