At Bank of America Merrill Lynch, your business and your employees can benefit from the financial strength and extensive resources of one of the world's largest financial institutions, serving organizations and individuals with essential benefits, banking and investment services.
We give you more ways to build your company's benefits programs and empower your employees to take control of their personal finances with greater ease, control and efficiency.
You have a strong commitment to your employees and you want to give them the best. We have the solutions to help. The Bank of America at Work® and Money Network programs — two integrated banking solutions that can help you reduce payroll costs and mitigate risk, while providing your employees with value-added, everyday banking benefits and services — all at no cost to you.
Bank of America at Work®
Bank of America at Work provides convenient, reliable, and secure solutions, including interactive tools to help you manage your money. Bank of America at Work provides your employees with checking, savings and borrowing solutions. As a Bank of America at Work participant, not only do you save money with innovative products and services, now you can also make managing your money easier, as you will have access to a website which offers a wide range of financial tools, articles, calculators and tips to help you meet your financial goals. Offering this exclusive banking package to employees is a cost-effective way to enrich your benefits package and at the same time offer employees added incentives to participate in a direct deposit of payroll program.
Money Network™
Bank of America offers a solution to help employers increase the use of direct deposit of pay. Through the Money Network program, made available by Bank of America Merchant Services, and the Bank of America at Work program, we provide employers with an integrated payroll solution that offers eligible employees the choice of receiving their pay through a traditional bank account or a paycard. With these combined programs you can help reduce payroll costs, mitigate risk and offer your employees a safe and cost effective way to receive their pay.
As an employer, you recognize that a cost-effective, valued-added benefits package can help you reduce costs and retain key employees. You can count on Bank of America Benefit Solutions to provide consumer directed healthcare accounts that give your employees more choice and greater control over their healthcare spending. Our health care account benefits specialists work closely with you and your employees, providing participants with the tools and support needed to ensure successful enrollment and participation.
Health Savings Account (HSA)
Our HSA is truly portable and stays with your employees whether they change health plans, move to a new job or retire. With The HSA for Life, employees can save for current or future medical expenses on a pre-tax basis and have more control over how their healthcare dollars are spent. In addition, HSA funds do not expire and are always available to pay for eligible medical expenses.
Health Reimbursement Arrangement (HRA)
With an HRA, you decide the contribution amount and eligible healthcare benefits for employees. Your employees can then access funds to pay for medical expenses not covered in your health plan. As a result, you enjoy tax savings and more efficient cash flows, while your employees avoid filing tedious claim forms and waiting for approvals.
Flexible Spending Account (FSA)
The Health FSA allows your employees to plan ahead for yearly medical outlays by allowing them to set aside pre-tax money on an annual basis. Employees pay for qualified medical expenses incurred during that year. And because Bank of America Benefit Solutions streamlines the claims process, the paperwork for you and your employees is greatly reduced, fostering higher adoption rates across your organization. Employees also have the option to contribute pre-tax dollars to a Dependent Care FSA to pay for childcare and adult care expenses as well.
Today's global marketplace requires a nimble, yet sophisticated approach to pursuing opportunities when and where they arise. So wherever your business takes you, the Bank of America Employee Home Loan program complements your company's internal benefits policy. It's an attractive way to recruit and retain high-caliber employees at no cost to your company.
Bank of America Employee Home Loans®
We are a leading home loan lender and we focus our considerable experience and resources on providing an exceptionally convenient and streamlined home financing process. Your company and employees can be confident that their mortgage loan officer is working hard for them. Experience, focus and resources — these are a few of the benefits to be gained by making Bank of America Home Loans® your partner of choice.
Relocation Services
No matter how many employees you have, or how many employees you need to relocate, we provide an experienced account manager as a single point of contact for you and your staff. Our centralized team of mortgage professionals understands the industry and is dedicated to making the home loan process less complicated and more rewarding for you and your employees.