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Bank of America

Bank of America, N.A.

BankingPublic CompanyNYSE: BAC210K+ Employees
Basic Information
Company NameBank of America, N.A.
Parent CompanyBank of America Corporation
BrandBank of America
IndustryBanking & Financial Services
Founded1904 (as Bank of Italy); 1998 (modern merger with NationsBank)
HeadquartersCharlotte, North Carolina, USA
CEOBrian Moynihan
Stock SymbolNYSE: BAC
TypePublic Company
Employees210,000+ globally
Countries Served35+ countries
Primary MarketUnited States

Company Overview

Bank of America is one of the world's largest financial institutions, serving individuals, small businesses, middle-market companies, large corporations, and governments. The company provides a full range of banking, investing, asset management, and other financial and risk management products and services. Through its Merrill brand, Bank of America offers wealth management and investment services, while its consumer banking division serves approximately 67 million consumer and small business relationships.

Main Products

Personal Banking
  • Checking Accounts
  • Savings Accounts
  • Certificates of Deposit (CDs)
  • Debit Cards
  • Online Banking
  • Mobile Banking
Credit Cards
  • Customized Cash Rewards
  • Unlimited Cash Rewards
  • Travel Rewards
  • Premium Rewards Elite
  • BankAmericard
  • Alaska Airlines Cards
  • Air France KLM Cards
  • Norwegian Cruise Line Cards
Loans
  • Home Mortgages
  • Auto Loans
  • Personal Loans
  • Home Equity Lines of Credit
  • Refinancing
Investing
  • Merrill Self-Directed Investing
  • Merrill Guided Investing
  • Financial Advisors
  • Retirement Accounts
  • 529 College Savings
Business Banking
  • Business Checking
  • Merchant Services
  • Payroll Services
  • Treasury Management
  • Commercial Lending
  • SBA Loans
Services
Consumer BankingCommercial BankingInvestment BankingGlobal Wealth ManagementAsset ManagementCredit CardsMortgagesAuto FinanceBusiness LoansTreasury ServicesDigital Banking
Customer Segments
IndividualsFamiliesStudentsSmall BusinessesMid-sized BusinessesLarge EnterprisesGovernment AgenciesNonprofits
Digital Services
Mobile Banking App
Online Bill Pay
Zelle Integration
Mobile Check Deposit
Digital Wallet Support
Fraud Alerts
Credit Score Monitoring
Virtual Assistant (Erica)
Competitive Advantages
  • Extensive branch and ATM network with approximately 3,800 retail financial centers and 15,000 ATMs nationwide
  • Integrated wealth management through Merrill, providing seamless banking and investment services under one roof
  • Erica virtual assistant — an AI-powered digital assistant that helps customers with banking tasks and financial guidance
Awards & Recognition

Bank of America has been recognized by Fortune as one of the World's Most Admired Companies and has received recognition for corporate responsibility, diversity and inclusion, and environmental sustainability initiatives. The company has also been recognized by Forbes on its Best Employers for Diversity list.

Frequently Asked Questions

Does Bank of America offer online banking?

Yes, Bank of America provides comprehensive online banking through bankofamerica.com, allowing customers to check balances, transfer funds, pay bills, and manage accounts 24/7.

Does Bank of America have a mobile app?

Yes, the Bank of America Mobile app is available for iOS and Android. It includes features like mobile check deposit, Zelle transfers, Erica virtual assistant, credit score monitoring, and account alerts.

Does Bank of America offer mortgages?

Yes, Bank of America provides a variety of home lending options including fixed-rate mortgages, adjustable-rate mortgages, FHA loans, VA loans, jumbo loans, and refinancing options.

Can businesses open accounts?

Yes, Bank of America offers comprehensive business banking solutions including business checking accounts, merchant services, payroll processing, treasury management, commercial lending, and SBA loans.

Does Bank of America issue credit cards?

Yes, Bank of America is a major credit card issuer, offering cards for cash back, travel rewards, balance transfers, and co-branded partnerships with airlines and cruise lines.

Does Bank of America provide investment services?

Yes, through Merrill and Merrill Edge, customers can access self-directed investing, guided investing, financial advisors, retirement accounts, brokerage services, and 529 college savings plans.

Contact Bank of America

1-800-432-1000
Charlotte, NC

Information provided is for educational purposes only. Data sourced from publicly available information. Please verify all details directly with Bank of America before making financial decisions.