BofA program provides banking & investing benefits to 4 million corporate employees

Banking & Finance
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Aron Levine, president of preferred banking | LinkedIn

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Bank of America has reported that over 450 corporate and commercial clients have enrolled in its Employee Banking & Investing (EBI) program. These clients, which span a range of industries across the country, are extending the benefits of this Bank of America initiative to their employees.

Companies that join the program can provide their employees with enhanced financial benefits. These include access to Bank of America's Better Money Habits online resource and live seminar series, as well as Preferred Rewards Gold Tier perks. TriNet, a company with more than 333,000 worksite employees and colleagues, is among the latest to adopt the program. This demonstrates its widespread acceptance among U.S. Fortune 1,000 companies, according to a press release by Bank of America.

Levine, president of preferred banking at Bank of America, said in a press release: "By the middle of this year, more than 500 companies will be enrolled in our Employee Banking & Investing program. This accelerated growth reflects employers’ interest in providing valuable benefits and resources that empower employees with greater knowledge and tools to manage their financial lives and pursue their goals."

Burton M. Goldfield, president and CEO of TriNet also shared his thoughts on the partnership with Bank of America. He said: "At TriNet we strive to power the success of small and medium-sized businesses by supporting their growth and enabling their people in addition to providing access to programs such as Bank of America’s Employee Banking & Investing program. We are thrilled to partner with Bank of America to offer this amazing program to our valued customers and TriNet colleagues."

According to the workplace benefits webpage provided by Bank of America, employees who participate in the EBI program can access dedicated specialists for financial education and guidance tailored to their needs from both Bank of America for banking and lending solutions and Merrill for investing advice. Furthermore, employers gain access to exclusive benefits aligned with saving, spending, borrowing, and investing through Bank of America's Preferred Rewards.

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