Bank of America Online banking

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Bank of America is one of the largest banks or financial services in the world. With current market capitalization of 110 billion, Bank of America is rank fifth after HSBC Holding, JPMorgan Chase, Wells Fargo & Co and Citigroup in market cap. I have been banking with Bank of America since 2002. I especially like it vast and diverse banking networks. Bank of America provides many different financial services such as checking account, saving account, brokerage account, credit card, mortgage loans, insurance and more. It also offer and online banking and mobile banking option for 24 hours and 7 days a week.

Bank of America, or BofA, was founded in 1874. The current headquarter is located at Charlotte, NC, USA. As part of US bank network, Bank of America banking account is insured by FDIC up to $250,000 per account.

Products or Services

B of A offers 5 main products / services for personal account:

1. Banking services

The main banking services include checking account, savings & certificate of deposit (CD), student banking, online banking, mobile and text banking, Add It Up Cash Back and Keep the Change.

2. Borrowing services

For borrowing services, it includes credit card, mortgage loan, refinance, home equity loan and auto loans.

3. Investing services

With the integration of Merrill Lynch Investment to Bank of American Investment division, Bank of America can provide various different services such as Merrill Edge Self-directed Investing, Merrill Edge Advisory Center, Merrill Edge Wealth Management and IRA.

4. Protect or Insurance services

Bank of America also has diverse insurance department such as Home insurance, renter insurance, Auto insurance (car insurance), Life insurance, Health Savings Accounts (HSA), Identity Theft Protection, and Credit Protection.

5. Plan services

With the current crisis, customer may need various plans to prepare for future such as retirement center, student center, car research center, real estate center and financial solutions.

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