Personalized Banking and Credit

Complementing your U.S. Trust® relationship

BANKING SOLUTIONS: CONVENIENCE AND FLEXIBILITY

Checking accounts — Deposit accounts help you coordinate and monitor your individual cash flows. Choose from a variety of checking solutions and services to complement your need for access and convenience:

  • Wealth Management Interest Checking1 — Can be a valuable part of your cash management strategy by helping you meet your cash management objectives while earning a competitive rate.2
  • U.S. Trust debit card — A debit card with the Total Security Protection® package and optional Photo Security® feature available for an easy, secure way to make purchases.
  • Direct deposit — Direct deposit of regular monthly income into your accounts adds convenience, accelerates the availability of cash and enhances security.

Savings accounts — We offer savings vehicles that are designed to pay competitive rates of interest on funds you have not committed to your investment portfolios. Solutions include certificates of deposit (CDs), which can offer an attractive return for a certain term, and money market savings, which offer liquidity and a variable rate with higher rates paid for higher balance tiers.

Overdraft Protection — An optional service that links your Wealth Management Interest Checking account to another Bank of America® account, such as an eligible secondary checking account, savings account, credit card account or home equity line of credit where available, and automatically transfers available funds to cover your transaction amount.3

BENEFITS THAT REWARD YOU FOR YOUR FINANCIAL RELATIONSHIP

Through your U.S. Trust relationship, you have automatic access to the following benefits while continuing to receive the highest level of benefits available on your personal deposit accounts, including:

  • Points or cash bonus on eligible Bank of America credit cards4
  • Interest rate discount on auto loans with Bank of America5
  • Up to 100 Merrill Edge® $0 online equity and exchange traded fund (ETF) trades per month (Other fees may apply.)6

Please contact your advisor to learn more about the benefits available to you.

CREDIT SOLUTIONS: FINANCING FLEXIBILITY FOR BOTH SIMPLE PURCHASES AND COMPLEX GOALS

Mortgage — Residential real estate can play an important part of your overall strategy to build and manage wealth. In addition to meeting your residential real estate needs, the right mortgage can be pivotal in estate planning, as well as for factoring in or preparing for rising interest rates. Your advisor will work with you to offer solutions that complement your unique circumstances.

Home equity lines of credit — This credit tool can be used to help manage your liquidity needs and may also offer the advantage of tax-deductible interest.7

Private Client Line8 — A flexible line of credit, secured by your investment management accounts at U.S. Trust. The Private Client Line is designed to help you meet liquidity needs and enhance your cash flow without depleting cash reserves or compromising your investment strategy.

Custom credit — Your U.S. Trust advisor can focus on both sides of your balance sheet and can advise you on credit. Your advisor can work with credit specialists to design credit solutions using different types of assets as collateral customized to your liquidity needs, long-term objectives and tax situation.

ATM, ONLINE AND MOBILE SERVICES

Online Banking — Manage your accounts securely online 24/7. View your balances, pay bills, transfer money between your accounts or to others,9 set alerts to monitor account activity,10 link to ust.com, and more.

Mobile Banking11 — With the Bank of America Mobile Banking App, you can check balances, stay on top of important account activity with Mobile App alerts12, transfer funds9, pay bills13, deposit checks14 and locate ATMs and financial centers. Plus, you can send money to almost anyone simply by using a mobile number or email address; you don't need to know where the person banks or his or her account number.15

ATMs and financial centers—Access your funds at thousands of Bank of America ATMs and financial centers for your everyday banking needs.

For more information on any U.S. Trust capability, please contact your advisor.

In addition to your stock or ETF (or option) commissions, sell orders also may be subject to a fractional share liquidation fee of 10% of proceeds and a transaction fee (of between $0.01 to $0.03 per $1,000 of principal). If applicable, this fee appears under "Transaction Fee" on a trade confirmation. There are also fees associated with investing in ETFs. Read the Expenses & Charges sections of the prospectus to find out what they are.

1 Checking account name is Bank of America Interest Checking for Wealth Management.

2 Wealth Management Interest Checking is a variable rate account. Fees may reduce earnings. Please consult your advisor for other account fees, rates and information.

3 If you enroll in Overdraft Protection with a linked savings account, secondary checking account or Home Equity Line of Credit, there is no overdraft transfer fee. Please see your Personal Schedule of Fees for details. If you enroll in Overdraft Protection with your credit card, overdraft transfers will be Bank Cash Advances under your Credit Card Agreement and will accrue interest at the APR stated in your Credit Card Agreement. A fee may apply to each transfer. Please refer to your Credit Card Agreement for additional details

4 Bonus will vary based on your type of rewards program. BankAmericard Cash Rewards™ and BankAmericard Privileges® with Cash Rewards bonuses apply to rewards redeemed into a Bank of America checking or savings account or a Merrill Lynch Cash Management Account®. BankAmericard Travel Rewards® bonus applies to customers with a qualifying account. For these cards, if enrolled in Banking Rewards for Wealth Management, your base reward earnings will increase by 75%. For example, if you earn $100 in base rewards, your Preferred Rewards bonus will add $75 to your reward earnings, totaling $175. The bonus will replace the customer bonus you may already receive with the card. For all other eligible points and cash rewards cards, the Banking Rewards for Wealth Management bonus is applied to the monthly base rewards. Visit the Banking Rewards for Wealth Management page at bankofamerica.com/preferred-rewards for a complete list of ineligible cards and additional program details

5 Auto loan interest rate discount of 0.50% is valid only for clients who are enrolled in Banking Rewards for Wealth Management at the time of auto loan application and who obtain a Bank of America auto purchase or refinance loan. The maximum interest rate discount on a Bank of America auto loan is 0.50%. This discount is not reflected in our published rates on our website, but will be applied at loan fulfillment. Discounts are only available on new auto loans through a financial center or online and are not available on dealer financing. Benefit is nontransferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.

6 $0 trades are only available with an individual or joint Merrill Edge self-directed brokerage account. MLPF&S waives its commission fee for 100 monthly online equity trades for Banking Rewards clients. Equity trades include stock and exchange traded funds (ETFs). To learn about additional ways to qualify for $0 trades, call 888.MER.EDGE (888.637.3343) or visit merrilledge.com/pricing.

7 Consult your tax advisor regarding interest deductibility.

8 The Private Client Line is offered by U.S. Trust and not by or through Merrill Lynch, Pierce, Fenner & Smith Incorporated. Credit is subject to approval. Normal credit standards apply.

9 Fees apply to wires and certain transfers. See the Online Banking Service Agreement at bankofamerica.com/serviceagreement for details. Data connection required for online and mobile transfers. Wireless carrier fees may apply.

10Alerts received as text messages on your mobile access device may incur a charge from your mobile access service provider. This feature is not available on the Mobile website. Wireless carrier fees may apply.

11 Mobile Banking requires enrollment through the Mobile Banking app, Mobile website or Online Banking. Enrollment through the Mobile Banking app is not available on all devices. View the Online Banking Service Agreement at bankofamerica.com/serviceagreement for more information. The Mobile Banking app is available on iPad, iPhone, Android and Windows 10 (except Xbox) devices. Not all Mobile Banking app features are available on all devices. Data connection required. Wireless carrier fees may apply.

12 Mobile Banking app alerts are not available on the Mobile website. Data connection required. Wireless carrier fees may apply.

13 Before using Bill Pay in Mobile Banking, you will need to first enroll in the service through Online Banking.

14 Mobile Check Deposits are subject to verification and not available for immediate withdrawal. In the Mobile Banking app menu, select Get Help, then Mobile Check Deposit for details, including funds availability, deposit limits, proper disposal of checks, restrictions and terms and conditions. Requires at least a 2-megapixel camera. Data connection required. Wireless carrier fees may apply.

15 Email and mobile transfers require enrollment in the service and must be made from a Bank of America consumer checking or savings account to a domestic bank account. Recipients have 14 days to register to receive money or the transfer will be cancelled. Dollar and frequency limits apply. See the Online Banking Service Agreement at bankofamerica.com/serviceagreement for details, including cut-off and delivery times. Data connection required. Wireless carrier charges may apply.

Please review the Personal Schedule of Fees, available at www.bankofamerica.com/feesataglance and your local financial center.

Total Security Protection, U.S. Trust Photo Security, Bank of America Accolades, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. American Express is a federally registered service mark of American Express and is used by the issuer pursuant to a license. Amazon® and Kindle Fire™ are trademarks of Amazon.com, Inc. or its affiliates, registered in the U.S. and other countries. BlackBerry® and related trademarks, names and logos are the property of Research In Motion Limited and are registered and/or used in the U.S. and countries around the world. Used under license from Research In Motion Limited.

Always consult with your independent attorney, tax advisor, investment manager and insurance agent for final recommendations and before changing or implementing any financial, tax or estate planning strategy.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

 

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