Bank of America provides USD 175m in benefits to small business clients.
BANKING AND CREDIT NEWS-September 9, 2019-Bank of America provides USD 175m in benefits to small business clients
(C)2019 M2 COMMUNICATIONS http://www.m2.com
Bank of America has announced that it has rewarded approximately USD 175 million in benefits to small business clients participating in Preferred Rewards for Business during the inaugural year of the program, the company said.
Benefits include interest rate boosters on savings accounts, discounts on business loans, monthly maintenance fee waivers and rewards bonuses on credit cards. The program's wide range of benefits have driven enrollment to approximately 385,000 members, holding USD 67 billion in assets, with nearly half adding a new product to their banking relationship.
The most comprehensive multi-product rewards program in small business banking, Preferred Rewards for Business offers members a wide range of benefits that grow as their relationship deepens across their Bank of America business...
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