Bank of America

Check full information about Bank of America — review, rating in 2024. See detailed contact information, financial data, locations and list of branches.

Bank of America
Detailed Bank of America Rating
Bank of America Corporate Center
100 North Tryon Street Charlotte, NC 28255
FDIC Certificate ID
Bank Charter Class
National Bank

Detailed Bank of America Rating

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Credit Card Products
Average rate of credit cards products
The Moody’s rating for Bank of America is Aa2 and the tier 1 leverage ratio is 7.49%
Customer experience
The Bank of America mobile app has 4.8 stars on the App Store and 4.6 stars on Google Play.


  • Headquarters:
    Bank of America Corporate Center
    100 North Tryon Street Charlotte, NC 28255
  • Website:
  • General account information, Lost or stolen ATM or debit card, Opening an account:

Demographic information

  • Institution Name
    Bank of America
  • Number of Domestic Offices
  • Full Time Employees
  • Established Date
  • Primary Federal Regulator
    Office of the Comptroller of the Currency
  • Date of Deposit Insurance
  • Bank Charter Class
    National Bank
  • Primary Web Address
  • LEI
  • Federal Reserve ID (RSSD-ID)
  • 026009593

Branches near me

Financial data

All values USD, Dollar figures in thousandsAll Financial Data Bank of America


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Credit cards
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Bank of America General info Pros&Cons

  • Full-service banking. Customers have access to a wide range of free banking solutions, including branch, online, mobile, and text banking.
  • One of the most accessible banks in the US. Bank of America is available in all 50 states. It has approximately 17,000 ATMs and 4,300 branches across the country. This means that no matter where you are in the US, you will most likely find a BofA ATM or Branch nearby.

Bank of America Checking and saving accounts Pros&Cons

  • Good selection of checking and savings accounts. BofA offers customers, whether they are individuals, parents, students, guardians, and children, a wide range of accounts that suit their needs. Advantage Savings is their most popular offering.
  • Keep the Change program. When you make everyday purchases, including groceries, takeout, and online merchandise, with your debit card, BofA will round up each purchase to the nearest dollar amount and transfer the change from your checking account to your savings account automatically.
  • Monthly fees can be waived. Bank of America offers a variety of ways for customers to waive the monthly maintenance fee.
  • $0 Liability Guarantee. All fraudulent transactions charged to your debit card when it's stolen will be reimbursed the following day.
  • Monthly fees. You will be charged pay a monthly maintenance fee for checking and savings accounts.
  • Low interest rates. Bank of America doesn’t offer competitive interest rates compared to other banks. The APY of a majority of BofA’s savings accounts is 0.01%, which is below the industry standard of 0.04%.
  • Non-network ATM fees. If you’re not using a BofA ATM, you will be charged $2.50 per transaction. If you’re abroad that fee goes up to $5. If the non-BofA ATM owner charges other fees, these will be added on top of the non-network ATM fee.

Bank of America Credit cards Pros&Cons

  • Wide selection. There are several cards to choose from that will allow you to meet a variety of needs, whether you’re a frequent shopper, dining out lover, or traveler, business owner, or someone who needs to pay off a debt.
  • Your photo on the credit card. If you own a Visa Preferred, Gold, or Platinum Plus credit card, BofA’s Photo Expressions feature allows you to add a personal photo on the front of your card.
  • Sign-up bonuses. Some Bank of America credit cards come with a sign-up bonus. The most enticing welcome bonus is for the BofA Premium Rewards credit card, where you get 50,000 bonus points. You get these points when you spend $3,000 on eligible purchases within 90 days of opening the account.
  • Preferred Rewards program. You can join the Preferred Rewards program when your BofA and/or Merrill Edge investment accounts have a combined minimum balance of $20,000. Through this program, you can earn 25%-75% more in cash back and credit card rewards when you make a qualifying purchase.
  • Annual fee. Some credit cards charge an annual fee. For example, you will have to pay $95 annually if you have the Premium Rewards credit card (the fee is not waived for the first year).
  • Good-to-excellent credit requirement. To be approved for BofA’s credit card, you need a good-to-excellent credit rating.

Bank of America Mortgage Pros&Cons

  • Can apply online. Many customers can apply for a loan online, as well as estimate their mortgage rates and fees.
  • Several mortgage options. Mortgage products offered by BofA include conventional, FHA, jumbo, VA, refinance, and home equity.
  • Affordable down payment mortgages are available. If you are low on cash for a down payment but meet the minimum income requirements, BofA can still offer you a loan through their Affordable Loan Solution program. Here, you will find home loans with down payments as low as 3%.
  • Can’t get a mortgage at every branch. Not all BofA branches are lending centers. About 1,800 BofA locations in 38 states allow you to apply for a loan on-premises.
  • Missing some important loans. While the selection of mortgages is impressive, you won’t find some popular options like renovation and USDA loans.

Bank of America Investment Pros&Cons

  • Merrill Edge integration. You can link your Bank of America and Merrill investment accounts and seamlessly transact between them.
  • No commission on stocks and ETFs. Merrill offers commission-free trading for stocks and ETFs.
  • Less hassle when opening an account. For most investment accounts, you don’t pay an account opening fee. There’s also no minimum deposit requirement with these accounts.
  • Valuable insights. You get insights from research gathered by Bank of America and other third-party companies, including Recognia, Morningstar, and CFRA. These insights help you make informed trading decisions.
  • No cryptocurrencies. Advanced traders might find the lack of bitcoin and other cryptocurrencies disappointing.
  • Small selection of trading instruments. Special investments, like futures and precious metals aren't available.