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Bank of America

Bank of America Preferred Rewards Program

Take advantage of your new banking benefits through Bank of America.

Bank of America Preferred Rewards Program

Starting October 25, 2025, Albertsons Companies associates have special access to enroll in the Bank of America Preferred Rewards®  program and receive Gold tier benefits without needing the combined qualifying balance of $20,000.1

Enroll to enjoy a wide range of financial benefits and rewards, including:

  • No fees on select everyday banking services
  • A 25% rewards bonus on eligible Bank of America credit cards
  • $200 reduction on origination fee for a new purchase or refinance mortgage
  • 0.05% annual program fee discount on Merrill Guided Investing

Download a  Preferred Rewards Program flyer.

Access Preferred Rewards Benefits

Here’s how to access Preferred Rewards benefits:

  1. 1. Have an existing or new eligible personal Bank of America® checking account.
  2. 2. Set up your Albertsons Companies payroll direct deposit into an eligible Bank of America® checking or savings account.
  3. 3. Once your direct deposit is confirmed, enroll in Preferred Rewards through Mobile2 or Online Banking.

Learn more about  Preferred Rewards benefits and get started.

Important Program Disclosures

  1. Preferred Rewards Program Eligibility. As an employee of a company participating in the Bank of America Employee Banking and Investing Program, you are eligible to enroll in the Bank of America Preferred Rewards® program if you:
    1. have an active, eligible Bank of America personal checking account, and
    2. receive all or part of your payroll direct deposit from the participating company into an eligible Bank of America checking or savings account.
    Employees qualify for the Gold tier of Preferred Rewards without meeting the balance requirement and may qualify for higher tiers on the standard program terms. The standard program terms require an eligible Bank of America personal checking account and a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier and $1,000,000 for the Diamond Honors tier in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). The qualifying balance is calculated based on your average daily balance for a three-calendar month period. Employee benefit plans (such as 401(k)) will not count toward the combined balance requirement. If you are no longer an employee, standard program terms apply. New employees may have to wait up to one month before they can enroll to allow for their employee status to be identified. 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 are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For more information, refer to the Preferred Rewards section of the Personal Schedule of Fees available at  bankofamerica.com/fees.
  2. Mobile Banking requires that you download the Mobile Banking app and may not be available for select mobile devices. Message and data rates may apply.
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