Bank of America Key Facts
|Bank Name||Bank of America, NA|
|Year of Establishment||1998|
|President & CEO||Brian Moynihan|
|Headquarters||Bank of America Corporate Center,|
100 North Tryon Street,
Charlotte, North Carolina, US
|Area of Operation||Worldwide|
|Total Revenue||US$ 115.074 billion|
|Net Income||1.446 billion|
|Total Assets||2.129 trillion|
|Total Equity||230.101 trillion|
|Number of Employees||284,635|
Bank of America is the famous American multinational banking and financial services corporation, with its headquarters situated in Charlotte, North Carolina (NC). The bank is the second largest funds holding company in the United States by assets and the fourth largest bank in the US by market capitalization. With its vast presence in more than 150 countries, it has a relationship with 99% of the US Fortune 500 companies and is also a member of Federal Deposit Insurance Corporation (FDIC). According to Forbes, Bank of America is the third biggest bank in the world.
Its branches are spread all across the America, the District of Columbia and in more than 40 other countries. Being one of the biggest banks in the United States along with Citigroup, JPMorgan Chase and Wells Fargo, it is serving 57 million consumers with 5,900 banking centers and more than 18,000 ATMs along with the strength of 288,000+ employees.
Bank of America History
|The inception of Bank of America was done on July 5, 1874 when its earliest predecessor, the Massachusetts Bank was opened for business with John Hancock as its Governor. Today's Bank of America was formed in the late 20th century as a result of a series of acquisitions done by North Carolina Bank (NCNB).
A milestone was laid in 1855 with the establishment of first bank in Seattle, which marked the beginning of BofA SeaFirst Line. The direct lineage of the bank began in Charlotte with the foundation of Commercial National Bank in 1874. The bank of Italy changed the picture and ultimately led to the formation of the Bank of America on November 3, 1930. Following this, the bank witnessed a series of acquisitions with merger of various financial institutions like MBNA, Merrill Lynch, Bankers Trust and many more.
Bank of America Products and Services
Bank of America is known for its vast range of products and services offered to various individuals, coming from all walks of life. The bank offers its services to individuals, small business owners as well as corporate and commercial customers. You can have a quick glance at the BoA products enlisted below:
|Banking Products||Cards and Loans||Investment Products||Insurance and Protection Products||Other Plans|
|Checking||Credit Cards||Merrill Edge Self-Directed Investing||Home, renters & auto insurance||Retirement Center|
|Savings & CDs||Mortgages||Merrill Edge Advisory Center||Life Insurance||Student Center|
|Credit Cards||Refinance||Merrill Lynch Wealth Management||Health Savings Accounts||Real Estate Center|
|Online Banking||Home Equity||US Trust Private Wealth Management||Identity theft protection||Car Research Center|
|Mobile & Text Banking||Auto Loans||IRAs||Credit Protection|| |
One can always find exciting products and services like its EDD Debit Card, Military Banking, Privacy Assist, rewards and reward cards, Mobile Banking with iPhone and android smart phones, use of QuickBooks, quicken and similar software products for accessing these services.
Bank of America Online Banking
To make banking even easier for its customers, bank of America offers online banking. Customers can enroll themselves for the same. All you need is a unique username and password using which one can sign in at the login page to get access to various features like check balance, funds transfer, online statements, bill payments, setting alerts, check mortgage and loans rate and many more. All the services can be accessed from any where with the help of internet and login details, without visiting the bank's branch.
Bank of America Locations
With its headquarters in Charlotte, North Carolina, the bank has its branches spread throughout the United States and all across the globe. You can easily get the locations of various branches and ATMs of the bank using the Branch/ATM locator on the official website of the bank by giving the necessary inputs like City and State name to get all the contact details, address and working hours of the branch. You can also check for international branch locations in other countries like India, UK, Malaysia and other countries.
Bank of America Mortgage
Bank of America mortgage loans are best in industry and also they are the most convenient and lucrative for all kind of clients. It provides mortgage and home loan at competitive rates. Mortgage rates keep on fluctuating but the customers have the benefit to lock the cheapest rate over phone. The bank sends an SMS to borrowers, if the current rate matches the choice provided by the customer. Mortgage modification plans can be availed by those who are already customers. A foreclosure notice is sent to those who fall behind on their mortgage payment.
Bank of America Credit Cards
Bank of America credit cards are offered to individuals according to their credit records. It has very wide spectrum of choices with unique features and many discounts and are available in appealing rates with optimum fee structure. The credit card account can be managed online by cardholders. The bank also offers reward points for each purchase. Its fraud monitoring technology is instrumental in making the whole banking experience wonderful and secure for all its customers.
Bank of America Careers
The candidates who are looking to make their careers in banking industry can opt for various jobs and career opportunities with the Bank of America. There are various job vacancies posted by the bank from time to time globally in all the countries where it has its operations. The bank offers excellent salaries and various employment benefits to all its employees.
Bank of America Customer Service
Bank of America customer service center can be contacted to obtain its routing number, to make reports for lost credit card, debit card, or any fraud and scam or to seek the online availability of bank's representatives for any information. Complaints and inquiries can be sent through secure message center online or via email as well as through general posts at their mailing addresses.
The General Customer Service phone number and headquarter address of the bank is:
General Customer Service phone number: 1-800-432-1000 (for all other states) and 1-800-622-8731 (for California)
Headquarters/ Head office Address
100 North Tryon Street
Charlotte, North Carolina