Bank of America is among the biggest and most renowned banking companies in America. Indeed, it provides almost any financial service – from a simple account for an individual to complex financial services for a company. In this article, readers will be informed of the reasons why millions of customers choose Bank of America and how the proposed services will help you.
An overview of Bank America
It is an investment bank and financial service company located in Charlotte, North Carolina. After its final consolidation in the wake of the 1998 acquisition of NationsBank, it joined the four most significant banking organizations in country-operation.
Key Stats:
- Headquarters: Charlotte, North Carolina
- Number of Employees: ~200,000
- Total Assets: Over $3 trillion
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Personal Banking Services
, a service offering that has received considerable interest and patronage from the public, is the personal banking services offered by Bank of America. The consumers are able to operate check and savings accounts, borrow money and even make credit card payments via a smooth online portal.
Banking Products:
- Checking Accounts: Some accounts don’t incur a monthly maintenance fee if certain balance requirements are not met during the month.
- Savings Accounts: Low INTEREST RATES and services such valuable as Bank of America Advantage Savings.
- Credit Cards: Research to find which of the options is easier: cashback, rewards or travel-oriented credit cards and choose credit cards you may like: Bank of America® Customized Cash Rewards Credit Card.
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The other important division is the Business and Commercial Banking.
It offers a complete range of business and commercial services, which is ideal for small business and huge corporations.
Services for Businesses:
- Small Business Checking: Designed for merchants with low to moderate daily transaction volume.
- Merchant Services: Transact with customers’ funds safely and in the shortest time possible.
- Corporate Loans: Learn about its lines of credit and other customized financial products for its growth and business requirements.
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Internet Banking and Mobile Application
Moreover, now Bank of America is one of the leaders in digital banking services with powerful mobile application and online banking. Customer can be able to open accounts, perform money transfers, appointment to see the manager physically, and other things.
App Features:
- Erica®: Chatbot being used by Bank of America.
- Mobile Check Deposit: Cut the middle man and deposit checks through your smartphone.
- Bill Pay: Make appointments, as well as avoid missing or being late for any bill payments online.
Investment and Wealth Management
For those looking to accumulate their investments, there is Merrill, Bank of America’s investment arm available.
Investment Products:
- Merrill Guided Investing: An investment advisory service for the entry level investor.
- Personalized Wealth Management: Services aimed at the population of wealthy customers.
- Retirement Accounts: Also, contributions from inheritances and IRAs as well as transferred 401(k)s are also considered.
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Bank of America plans, perks and incentive schemes
Bank of America has included many consumer and business promotion programs such as cash, travel, and banking.
Preferred Rewards Program:
- Tiered Benefits: The more one banks, the richer the reward, where there features such as Gold, Platium, and Platium Honors available.
- Cashback Boost: Help credit cardholders get extra percentage on their cash back rewards.
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Customer support and security aspects are two main parameters.
The Bank of America also provides round the clock customer support through several methods. Customers’ account are highly secured and the bank has put in place various policies that enhance security of the accounts.
Security Features:
- Two-Factor Authentication: This is especially useful especially when typing in your login details for accounts you hold online.
- Zero Liability Protection: It helps the owner prevent unreasonable transactions by unapproved third parties.
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Why Choose Bank of America?
Bank of America provides strong services for a customer, has a flexible environment with a high-level applications, and offers a wide range of products for personal and business customers.
Conclusion
Bank of America offers customer with a broad range of service offering, these being checking account, credit cards, mortgage loans as well as investment services. It blends features of the conventional financial institutions with modern resources in the world of business and finance.