10 Facts about Bank of America

Sunday, May 10th 2015. | Companies

If you like to know more about the American multinational banking and financial service corporation, you have to check Facts about Bank of America. The headquarters of this bank is in Charlotte, North Carolina. Based on the assets, Bank of America takes the second largest bank hold company in the country. Based on the total revenue, it is ranked in the 21st largest company in US. Find out more interesting facts about Bank of America below:

Facts about Bank of America 1: the products and services

Do you know that Bank of America has 16,300 ATMs, 5,100 banking centers, mobile and online banking centers and call centers?

Facts about Bank of America 2: the world record

Bank of America takes the world record as the largest wealth management corporation after it acquired Merrill Lynch. This bank also has an important role in the investment banking market.

Bank of America ATM

Facts about Bank of America 3: Consumer Real Estate Services

Bank of America also provides consumer real estate products with its Consumer Real Estate services. The customers can choose between the adjustable rate and fixed rate mortgage loans. It applies for the home equity loans, home purchase and refinancing needs or even home equity lines of credit.

Facts about Bank of America 4: the assets

The assets of Bank of America under the management were enhanced 12.5 percent in 2014. In August 2009, it had 12.2 percent of all bank deposits. Get facts about Adam Smith here.

Bank

Facts about Bank of America 5: the main competitors

Bank of America is included as one of the four biggest banks in the nation. The main competitors include Wells Fargo, Citigroup and JPMorgan Chase. Get facts about American history here.

Facts about Bank of America 6: the consumers

Bank of America has at least 50 million consumers and small business relationships.

Facts about Bank of America

Facts about Bank of America 7: the lawsuit

There are several lawsuits that Bank of America has to deal during in the financial crisis. The legal problems include the mortgages and financial disclosures.

Facts about Bank of America 8: the largest division

The largest division in Bank of America is the consumer banking. The main purpose is to give financial services for small businesses and consumers.

Bank of America

Facts about Bank of America 9: Global ATM Alliance

Using the ATM of Bank of America is great for it is a member of Global ATM Alliance. It means that you do not have to pay any access fees when you check the card at another banks in the network of Global ATM alliance

Facts about Bank of America 10: other bank members

Other bank members of Global ATM Alliance include Westpac (Australia and New Zealand), BNP Paribas (France), Scotiabank (Canada), Ukrsibbank (Ukraine), Barclays (United Kingdom), Deutsche Bank (Germany), China Construction Bank (China), and Santander Serfin (Mexico).