Bank Of America – Multinational Investment Bank And Financial Services Company

From the name itself, you already know that the Bank of America, which is sometimes referred to as BofA is a bank based in the United States of America. This is an American multinational investment bank and financial services company with its headquarters in Charlotte, North Carolina, U.S. This company offers services like consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, and credit cards. The bank was founded in 1998 through the merging of two banks (BankAmerica and NationsBank) and the founders are Amadeo Giannini, George Stephens, and Word H. Wood. Keep on reading to find out how they operate and how to access them.

Bank Of America

Bank Of America

The Bank of America has several branches and automated teller machines (ATMs) in different locations in the United States. There are over four thousand retail financial centers and more than sixteen thousand ATMs. The bank gives international service which means you could be outside the U.S. and still access services from the bank to any part of the world.

This bank has subdivisions to it. These divisions are BofA Securities Merrill and Bank of America Private Bank. The bank is under the leadership of Brian Moynihan as the Chairman and CEO, Anne Finucane as the Co-Chairman and Bruce Thompson as the Co-Chairman. The company has over two hundred thousand people employed in it.

Bank Of America Logo

The logo of the company, Bank of America has undergone several changes before it settled on the current logo it uses. The bank used a particular logo from 1969 until the merger in 1998. Since 1998, the bank has changed the logo a couple of times.

The logo was changed in August 2013 and the logo stayed for over five years. In November 2018, the logo was again changed and then fixed later that day. Three days later, the former logo was placed back on but then replaced by the November version. After two more series of changes between the 2013 version and that of November 2018, the bank now settled for the November version which is the current logo of the bank.

Bank Of America Services

As earlier mentioned, the Bank of America offers a lot of services a bank could offer and even more. The services being offered to their customers and these services help their customers save more or have better financial services and quicker money transactions. The services offered by the Bank of America are grouped in to;

  • Personal.
  • Small Business.
  • Wealth Management.
  • Businesses & Institutions Bank of America.
  • Security.

These are the groups in which the services of Bank of America are grouped and channeled to.


The services under this category are mostly channeled to individuals. The bank has services that are best suited for individuals and family members inclusive. In these services, one can deal with the bank on a personal basis without the involvement of businesses and companies. The services here are;

  • Checking.
  • Savings.
  • Credit Cards.
  • Home Loans.
  • Auto Loans.
  • Investing.
  • Student Banking.

Small Business

The banking services on small business from the Bank of America, allows you to enjoy separate debit, deposit, and employee cards. Also, you get detailed record-keeping expenses tracking and seamless QuickBooks integration. The services being provided are;

  • Checking.
  • Savings.
  • Business Services.
  • Credits cards.
  • Lending.
  • Merchant Services.
  • Investing.
  • Learning.

Wealth Management

The Bank of America also help you with financial planning. The bank provides financial solutions for any wealth management scenario. The wealth management provides you with;

  • A full range of banking and investing solutions: you get access a broad array of Bank of America banking and lending products and the Merrill investment products and services, all with a customizable dashboard to see everything in one place.
  • Helpful people and tools: the Bank of America brings you straightforward tools, access to professional expertise, and knowledgeable advisors when you want to work one-on-one.
  • Insights and perspectives: working with the Merrill or Private Bank under the Bank of America, gives you clear information about how your investments are doing and straightforward guidance on which investment solutions might best fit your needs.
  • A relationship that rewards you: when you bank with the Bank of America and invest with Merrill, it is more than convenient. You may also get tangible rewards you can actually use.

Businesses And Institutions

This business and institution aspect of the Bank of America focuses on global banking and markets. The bank conducts global research to help them make better financial and business decisions. The solutions provided for business and institutions are;

  • Maximizing the value of your business.
  • Fueling growth with cost-efficient capital.
  • Attracting and retaining valuable talent.
  • Fraud and cybersecurity.
  • Global transaction services.
  • Optimizing your trading performance.
  • Growing and managing global operations.

These are some of the solutions being provided by the Bank of America.


The Bank of America also provides security for every customer and accounts opened with them. the banking services offered to their customers comes with a measure of security. The security services provided bt the Bank of America helps the bank and you identify and resolve fraud events faster. The services provided are;

  • Manage your security: you have the access to change your passcode, view your sign in history, update your challenge questions, and so on.
  • Set your privacy choices: you get to control how the bank markets to you and share your information.
  • Customize your alerts: you get alerts on every change to your account and transactions. This helps you get alerted when irregular card activity or changes to personal information takes place on your account.

Your account privacy and security are of the top priory to the Bank of America. in this regard, the bank educates you on how to protect yourself, know a fraud when you see it and be at alert when you see warning signs of common scams.


This bank offers you different options of accounts for your banking convenience. These accounts can be opened within minutes at a branch of any of the Bank of America or you can open an account online.

One can open a checking account, savings account, business account, wealth management account, CD IRA, and even a student account. All you need do is pick the type of account that best suits the banking services you require from the Bank of America.

After opening an account, one can still have access to his or her account online. In other words, the accounts you have opened can be monitored by you online through their online platform. The online platform can be accessed via the online webpage or the online mobile application.

To open any of these accounts online, there are steps to follow. These steps are;

  • Go to Bank Of America.
  • Locate and click on open an account on the sign-in pop-up menu on the home page
  • Select the type of account you want to open and click on it.
  • Select the options of account that best suits your needs and click on the “Open an account” icon on it.
  • Type in your personal information as instructed.
  • Verify your information.
  • Choose the features and funding options you want.

You will receive an email once your application is received and a follow-up email telling you whether it has been approved, plus any next steps.

Sign In

To sign in to your online account is quite easy and very simple. The steps required are as follows;

  • Go to on your browser.
  • Type in your online user ID.
  • Type in your secure password.
  • Click on the “Sign in” icon beneath.

If all the information were properly and correctly imputed, you would be signed in immediately. You can also sign in through the mobile application.

Bank Of America Mobile Banking

The mobile application for the Bank of America can be easily accessed from and supporting mobile devices and the app is supported by both android devices and iOS devices. To get this application in your device follow these steps below;

  • Open your Google Play Store or Apple Store on your mobile device.
  • Enter “Bank of America Mobile Banking” in the search bar and tap on the search icon.
  • Tap on the application from the displayed results.
  • Tap on “Install” to download and install the application into your mobile device.

After the download and installation is complete, you can then fully access the Bank of America banking services via your mobile device. The services on the mobile application allow you to bank on-the-go. You can make transfers, receive payments, check account updates, customize your banking services, and also open banking accounts via the mobile app.

Other features are available on the Bank of America Mobile Banking application. With the mobile application you can;

  • Find a nearby ATM or financial center around you.
  • Make an appointment with the Bank of America to discuss your financial needs on a day and time that works best for you.
  • Open an account to explore credit cards, savings or checking accounts, home loans, and investments.

These are some of the features to enjoy with the Bank of America mobile application. The mobile banking application helps you bank securely from almost anywhere in the world.

Credit Card

There are different credit cards one can apply for with the Bank of America. All the cards are grouped into these categories and they are;

  • Cash Rewards.
  • Travel Reward.
  • Airline Rewards.
  • Lower Interest Rates.
  • Build Credit.
  • Points Rewards.
  • Cards for Students.

Debit Cards

Debit cards are also issued to customers by the Bank. the debit cards are mostly used for everyday spending. With this bank, you get a debit Visa or MasterCard. The card aid simplified banking especially for customers with busy lifestyles.

With the Bank of America debit cards, you get 24/7 access to your funds in your checking account. You can use your money when and where you want, avoid monthly bills, recurring fees, and interest payments, and also add your card to a digital wallet to make fast secure payments from your mobile device.

To get the debit cards, you need to apply for it. It may take a while for you to receive your debit card in your mail and the Bank of America has a solution while you wait. You can request a digital version of your debit card via your mobile application. This digital version of your card can be used for shopping and also at cardless ATMs.

Advantages Of Banking With Bank Of America

There are advantages you stand to get with every account you open with the Bank of America. Some of these advantages give the bank an edge over other banks in the United States of America. These advantages include;

  • Fraud protection.
  • Convenient access.
  • Cashback.
  • Mobile deposits.
  • Better budgeting.
  • Debit card controls and security.
  • Custom alerts.
  • Fast and secure sign in.

These are some of the advantages of banking with this Bank.


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