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Old 03-31-2016, 06:07 PM
 
Location: NC
940 posts, read 968,369 times
Reputation: 1241

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I just recently found out about Bank of America's preferred rewards program. The benefits, mostly for the ATM reimbursements, are nice as are the free stock trades thru Merrill Edge.

Bank of America Preferred Rewards Program

I actually knew somewhat about the program prior to looking more in depth but always kissed it off because, quite frankly, who wants to have that kind of money in a checking or savings account at BoA when they pay 0.1% interest when you can make 1% thru other places? Well apparently they let you count your brokerage account balance as well in that, so now it makes a lot more sense.

Using this link you can even get up to $1,000 for transferring money in at the same time:
https://www.merrilledge.com/offers/1000offer

(offer code NYEXPO2016)

So now I'm looking at it more and more. Are there any other banks that offer something similar to this? Links?
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Old 03-31-2016, 08:09 PM
 
Location: Tricity, PL
61,631 posts, read 86,981,866 times
Reputation: 131583
The best bank reward programs are those that suit your needs. Here is a listing to consider:
https://www.nerdwallet.com/blog/bank...d-debit-cards/
https://www.nerdwallet.com/blog/bank...king-accounts/
https://www.depositaccounts.com/chec...-accounts.html
Best Bank Bonuses, Promotions, Deals, Offers & Referrals - March, 2016
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Old 04-01-2016, 01:30 AM
 
151 posts, read 195,144 times
Reputation: 116
Lets assume op wants to WIN with finance. Name a winner who concentrates on cc mileage, and cash back deals, its there but dont concentrate on it.


I played the airline mileage game. I did well but it did not really add to my wealth. Looking back it WAS a waste of time........hahahahahaha.
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Old 04-01-2016, 02:03 PM
 
Location: NC
940 posts, read 968,369 times
Reputation: 1241
I appreciate the responses above but I'm looking more at it from a perks point of view, for example you get free trades with $x balance in your Merrill Edge account and along with an ever increasing balance linked to your BoA account you get some nice perks as well.

Just wondering if other retail banks do this sort of thing and if so what are the perks. I'm not talking about credit card points or miles.
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Old 04-01-2016, 02:19 PM
 
Location: California side of the Sierras
11,162 posts, read 7,630,968 times
Reputation: 12523
Quote:
Originally Posted by pipsters View Post
I appreciate the responses above but I'm looking more at it from a perks point of view, for example you get free trades with $x balance in your Merrill Edge account and along with an ever increasing balance linked to your BoA account you get some nice perks as well.

Just wondering if other retail banks do this sort of thing and if so what are the perks. I'm not talking about credit card points or miles.
Wells Fargo also does this. I get a free PMA checking account (normally $30 per month) and 100 free trades per year in my WellsTrade brokerage account, simply because the two are linked and I have at least 50k. The PMA account includes atm reimbursement, free cashier checks, free notary service, etc.
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Old 04-01-2016, 08:18 PM
 
Location: NC
940 posts, read 968,369 times
Reputation: 1241
So I was having difficulty finding a comparison but did find this article:

https://www.nerdwallet.com/blog/bank...mium-checking/

It seems like a lot of focus is put on CC rewards and such but not too many look for these sort of programs that can offer quite a bit of value.
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