Bank of America is one of the largest banks in the United States and a global player with assets of over US$1 trillion. It offers a range of financial services to consumers and businesses including banking, mortgages, credit cards and investment management.
Its consumer bank provides retail services to individuals and small business customers. It has 4,600 banking centers and 15,900 automated teller machines. It also offers online and mobile banking applications for iPhone, iPad, Android, Windows Phone, Blackberry and Kindle Fire.
The Bank of America Mobile App enables clients to manage accounts and make payments using Erica, the bank’s virtual financial assistant. It also offers features such as Bill Reminders, Account Snapshots and Insights.
Bank of America has a presence in all 50 states and more than 40 countries. It is a member of the Global ATM Alliance, which allows members to reduce fees when making withdrawals or deposits at ATMs outside their home countries.
It has a wide range of products for its clients, from savings accounts to credit cards and CDs. Its interest rates aren’t as competitive as the best online bank’s, but it offers an array of fee waivers for students and seniors.
If you’re a traveler, the Bank of America Travel Rewards card can help you earn cash back on your purchases at museums, zoos and campgrounds around the world. It’s also a good choice for travelers who want flexibility in how they can redeem their points.
The Bank of America Business Advantage Customized Cash is a great option for business owners who are looking to maximize their spending potential. It’s easy to qualify for, has no annual fee and offers a low-hassle rewards structure.
For businesses that spend in the categories of travel and office supplies, the Bank of America Business Advantage Customized Cash card can help you earn significant cash back rewards. It offers a welcome offer of 3% cash back on purchases in the first year and has flexible spending categories to maximize your rewards potential.
Alternatives: The American Express Blue Business Cash is an option if you’re looking for a slightly longer introductory APR period and a more lucrative rewards structure. It’s also a better fit for business owners who are looking for no-hassle earning opportunities in high-traffic spending categories, such as hotels and dining.
Among the bank’s most popular financial products are its Merrill Lynch Global Corporate and Investment Banking (GCIB) offerings, which provide mergers and acquisitions advisory, underwriting, capital markets and sales & trading in fixed income and equities. The company also has a strong wealth-management arm that manages investments for high-net-worth individuals.
Bank of America offers a variety of financial services to consumers and small businesses, including checking, savings, credit cards and loans. Its mobile apps allow users to view account balances and transactions, deposit checks and transfer funds through the bank’s secure network.
The bank is also the biggest employer in the United States, employing approximately 6 million people across all of its locations. Its headquarters are in Charlotte, North Carolina. It is also the parent company of Bank of America Merrill Lynch, a global investment bank that provides investment banking, asset management and reinsurance services.