Bank of America Corporate Employee Banking & Investing Program 

Beginning in 2023, Lucid teamed up with Bank of America to provide employees with exclusive banking and investing benefits. Key program highlights include:

  • Mortgage discounts
  • Investing benefits with Merrill Lynch
  • Preferred Rewards program
  • Education resources at your fingertips

Learn more about the program 

Because of our relationship with Bank of America, you may be eligible for:

  • A special bundle of no-fee banking services on qualified checking and savings accounts that have Lucid Motors payroll direct deposit1
  • A rate reduction or reduced closing costs on a new Bank of America mortgage2
  • Help to achieve financial goals through free financial education, available online or in person
  • Turn your goals into action using Bank of America Life Plan® making it easy to set and track financial goals, get personalized advice when you need it and more3

Plus, you can take advantage of a full suite of investment solutions from Merrill, including access to the people, tools and personalized advice and guidance you may need to put your investing ideas into action.

Here’s how to get your banking benefits:

  1. Open an eligible checking or savings account
  2. Set up a Lucid Motors payroll direct deposit into that account
  3. Receive your special bundle of no-fee banking services1 on that account

The special bundle of banking benefits will be applied to your account within 60 days following Bank of America’s identification of your Lucid Motors payroll direct deposit into that account.

It’s easy to set up your Lucid Motors payroll direct deposit. Visit the link below for instructions.

Get direct deposit info

If you already have a Bank of America account, you can set up a Lucid Motors payroll direct deposit into your eligible checking or savings account to receive your banking benefits on that account. If you’re already a Bank of America checking or savings customers with a Lucid Motors payroll direct deposit into an eligible account, your banking benefits on that account are already in the works.

Questions about the program?
Bank of America’s employee relationship managers are here to work one-on-one with you to explain the benefits of the program and provide guidance and education at every stage of your financial life. Simply use the ‘Connect’ button below to access the contact form and request a meeting. A specialist will contact you to discuss potential ways to pursue your goals.

Connect

You can also receive help with everyday banking, opening accounts and more. Specialist in Bank of America’s financial centers are ready to help at your convenience.

Schedule an appointment now 

Fidelity Financial Wellness – NetBenefits®

Below is an overview of Fidelity Financial Wellness resources powered by NetBenefits®. Please have a scroll through the welcome page here to get started.  

Lucid partners with Fidelity to give you more help with your finances than you might realize. Below you will find the top highlighted services provided by Fidelity to Lucid employees at no additional cost: 

  1. Planning Summary – Through your NetBenefits® account, by answering just a few questions, you’ll receive next steps to consider to help you get on track and build your own personal plan(s) in minutes. Login to NetBenefits®> click on the ‘Plan & Learn’ tab> click on ‘Planning Summary’ under ‘Plan’ to see the plans you can create and get started.  
  2.  Free, On-Demand Web Workshops – That’s right! Fidelity offers free on-demand web workshops on a wide array of financial topics. Click here and select from the dropdown menu of topics to select a workshop.  
  3.  Webcast Hub – Important financial questions are explored in an approachable talk show format. Learn about topics, such as: Saving for College in Three Simple Steps, Keeping your Personal Information Safe, Getting More Out of Social Security and much more! Click here to access the Webcast Hub.  
  4. Get Your Financial Wellness Score – Click here to take the Money Checkup to find out how you’re doing financially, and where to improve. It’s easy and only takes a few minutes. 
  5. NetBenefits Mobile App – Monitor your Fidelity workplace account balances, review and change contributions and investments, get your personal rate of return and Fidelity Retirement ScoreSM, and compare your account performance with your peers in your age group and area. 
  6. Fidelity Customer Service – Looking to speak with someone or use a virtual assistant? Please locate the “?” customer service symbol in the upper right-hand corner of your NetBenefits® home login screen to view contact information for Fidelity.   

Morgan Stanley Financial Advisors (The Wrigley Group)

The Lucid Global Equity Management team works closely with Morgan Stanley. They are a key partner in our financial education programs and are very familiar with our RSU and ESPP plans. The Morgan Stanley team is always available to discuss any personal financial planning matters including:

  • Equity compensation in a financial plan
  • Building and protecting personal wealth
  • Preparing for a major purchase and much more

Please find more information on the Morgan Stanley team through the following link.

Meet with the team: Schedule a free 30-minute virtual meeting with a Morgan Stanley financial advisor, who can answer questions about topics such as:

    • Tax and financial strategies for your Lucid Motors equity
    • Trust and estate planning
    • Achieving financial goals (e.g., saving for college, planning for retirement, paying down debt, purchasing a home)
    • U.S. employees can schedule a meeting with the team at lucidmotorsequity@morganstanley.com.

 

Bank of America Disclaimers
1 Disclaimer: The bundle of no-fee banking services is available on qualified checking or savings accounts. A qualified account is an existing or new eligible personal Bank of America checking or savings account receiving a participating Company payroll direct deposit. These banking benefits will be applied within 60 days following Bank of America’s identification of your Lucid Motors payroll direct deposit into your eligible account.

2 Disclaimer: You are invited to apply. Your receipt of this material does not mean you have been prequalified or preapproved for any product or service. This is not a commitment to lend; you must submit an application for review and approval. This benefit is not available with all loan programs; ask your lending specialist for details. Bank of America may modify or terminate this benefit at any time without notice. This benefit is nontransferable and may only be combined with an origination fee reduction that is available to clients who are enrolled or are eligible to enroll in Preferred Rewards at the time of application for a new purchase or refinance loan (for co-borrowers, at least one applicant must be enrolled or eligible to enroll). Amount of the origination fee reduction ($200 for Gold, $400 for Platinum tier and $600 for Platinum Honors tier) are based on your eligible tier at the time of mortgage application and are not subject to adjustment. This benefit is only available to eligible employees of participating companies in this relationship program with Bank of America who obtain a purchase or refinance mortgage with Bank of America and are eligible for a 0.50 reduction in discount points. One (1.0) discount point is one percent of the mortgage amount (e.g., $1,000 on a $100,000 loan). The 0.50 reduction in discount points will be applied at the time of lock-in and may be used to reduce applicable mortgage interest rates (depending on market conditions) or to reduce closing costs. If you are considering obtaining a mortgage with premium pricing please note that the 0.50 discount point reduction is subject to premium pricing discount point caps by product type. Bank of America, N.A., and the other business(es)/organization(s) mentioned above are not affiliated; each company is independently responsible for the products and services it offers. Certain Bank of America clients may receive an increased benefit based on eligible minimum account balances. The 0.50 discount point benefit may not be combined with those programs; ask for details.
3 Disclaimer: To view or use Life Plan, you must be enrolled in Online Banking or Mobile Banking. Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.