Bank of America
Bank of America is a major US bank and financial holding company that provides a diversified range of banking and nonbanking financial services and products. It is chartered as a National Bank according to the FDIC and regulated by the Office of the Comptroller of the Currency OCC.
It is a provider of consumer/personal, small business, wealth management and corporate and institutional banking services. It operates through its many physical branch locations across the country including other distribution channels such as on the internet.
Bank of America deposits products that it provides to consumers include savings accounts, money market savings accounts, checking accounts, CDs and IRAs.
Source: http://www.bankofamerica.com and fdic.gov
Bank of America Services
- Checking Accounts
- Savings Accounts
- Credit Cards
- Student Banking
- Online Banking
- Mobile Banking
- Text Banking
- Credit Cards
- Home Equity
- Auto Loans
- Merrill Edge Self Directed Investing
- Merrill Lynch Wealth Management
- Asset Management
- Capital Markets
Bank Of America Discussion
Bank Of America Discussion Activity
Bank of America Reviews
** Please note: This is an opinion based on personal experience over 7 years ago. I no longer have an account and cannot speak as to their current code of conduct. BOA is centered around the corporate world; NOT personal banking. Basically, it is just another corporation whose decisions are financially-based. For example, they lost a class action suit re: overdraft fees. They re-ordered which transactions were paid based on transaction amount (highest to lowest);; NOT by the date charges occurred. This, in turn, cost the customer hundreds in overdraft fees. The lost the class action suit brought against them. The result? In my case, for the 320+ I paid, I received a check for $16.01. Lessons learned? Pay attention to spending, keep track of balance, and be wary of banking systems whose name has "I" located near the end.
Bank of America interest rates are extremely low thus forcing regular customers to go elsewhere for savings.
CD rates lower than competitors. Rates do not keep up with inflation and are at a record low. Retirees need secure investment opportunities.