Bank of America – Products and Services

The products and services of Bank of America are available in four major domains � personal, wealth management, small business, and businesses and institutions.

Personal Banking – Products and Services
In the personal banking segment, Bank of America offers the following products and services:

  • Checking
  • Student banking
  • Savings and CDs
  • Online banking
  • Mobile and text banking

The following products are offered in the Borrow section of the personal banking segment:

  • credit cards
  • Home equity loans
  • Mortgage
  • Auto loans
  • Refinance

Bank of America offers the products and services mentioned below in the INVESTsection of the personal banking segment:

  • Merrill Edge Self-DirectedINVESTING
  • US Trust Private Wealth Management
  • Merrill Edge Advisory Center
  • IRAs
  • Merrill Lynch Wealth Management

The products and services mentioned below are available in the Protect section of Bank of America�s personal banking segment:

  • Home, renters and auto insurance
  • Identity theft protection
  • Life insurance
  • Credit protection
  • Health Savings Accounts

The personal banking customers of Bank of America can avail the following services:

  • Retirement center
  • Car research center
  • Student center
  • Real estate center

Small Business – Products and Services:
The small business clients of Bank of America can opt from any of the following banking products and services:

  • Business checking
  • Online banking
  • Business savings and CDs
  • Mobile and text banking
  • Debit cards
  • BusinessCREDIT CARDS
  • Account recommendation

The following business products and services are provided for the small business customers:

  • Payroll services
  • Account permissions
  • Remote deposit
  • Merchant services
  • Invoicing
  • Online tax services
  • Direct payments
  • Online Business Suite

The credit facilities mentioned below are provided to the small business enterprises by the Bank of America:

  • CREDIT CARDSand charge cards
  • Business leasing
  • Business loans
  • Medical and CPA practice loans
  • Business lines of credit

The following resources are made available to the small business clients of Bank of America:

  • Starting a business
  • Internet/commerce
  • Sales and marketing
  • Online community
  • Legal and insurance
  • Retirement planning
  • Technology management

Wealth Management – Products and Services:
The wealth management products and services of Bank of America are provided through Merrill Lynch:

  • Merrill Edge Self DirectedINVESTING
  • Wealth Management
  • Merrill Edge Advisory Center
  • Private Banking andINVESTMENT Group

Products and Services for Businesses and Institutions
The small and mid sized businesses are offered the following products and services by the Bank of America:

    • Commercial banking: Affinity Banking, Merchant Services, Card Solutions, Trade and Supply Chain, and Cash Management
    • Workplace Benefit Solutions: Retirement and Benefit Plan Services, and Employee Benefit Solutions
    • FINANCING Asset-Based Lending, EquipmentFINANCE/Leasing, Business Loans and Lines of Credit, Real EstateFINANCING
    • Research: Global Research
    • investing Global Institutional Consulting, Private Equity andINVESTMENT Solutions
    • Global Markets: Rates and Currencies (FX), and Commodities
    • INVESTMENTBanking: Debt Capital Markets, Mergers and Acquisitions Advisory, and Equity Capital Markets


The SMEs can avail the following

Industry Solutions

from the Bank of America:

        • Accounting
        • Government
        • Dealers (Auto, Marine, RV)
        • Healthcare
        • Education
        • Law Firms
        • Franchises and Restaurants
        • Not-for-Profit
        • Security Alarm
        • Real Estate


The major institutions and corporations are provided with the following products and services at the Bank of America:

        • Global markets: Clearing andFINANCING, Mortgages, Commodities, Prime Brokerage, Credit, Rates and Currencies, Equity Execution Services, and Value-Added Services
        • investmentBanking: Debt Capital Markets, Mergers and Acquisitions Advisory, and Equity Capital Markets
        • Research: Global Research
        • Corporate Banking: Affinity Banking, Merchant Services, Asset-Based Lending Equipment, Trade and Supply Chain, Equipment finance/Leasing, and Treasury Management
        • investing Global Institutional Consulting, Private Equity, and investment Solutions


The following Industry Solutions are offered in this segment:

        • Consumer and Retail
        • Global Industries
        • Energy and Power
        • Healthcare
        • Financial Institutions
        • Real Estate
        • Financial Sponsors
        • Technology, Media and Telecommunications
        • Gaming



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Last Updated on : 30th July 2013


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