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100 North Tryon Street
Charlotte, NC 28202

Bank of America is headquartered in Charlotte and is the largest bank in the state of North Carolina. It is also the 2nd largest bank in the nation. It was established in 1904 and as of March of 2014, it had grown to 157,297 employees at 5,292 locations. Bank of America has a A health rating.

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12/12 - Bank of America's Higher Checking Fees Unfair To Customers In MA, AZ And GA
12/2 - Bank Of America Is Holding Off On Plans For New Checking-Account Fees
11/6 - New Banking Security Software Developed By My
10/17 - Bank Of America's Q3 Earnings Report - Insights For Depositors
9/27 - Bank Of America Checking Labeled As Inactive Even With ACH Deposits & Withdrawals
9/20 - Bank Of America Cutting 16,000 Jobs By Year End In Cost-Plan Acceleration
8/29 - BofA Joins Chase, Citibank In Simplifying Checking Disclosures
8/21 - Bank Of America To Keep 'Zombie' Checking Accounts Closed In Policy Shift
8/20 - Why A NYT Writer Still Does Business With Bank Of America
8/15 - Review Of Bank Of America's Mobile Check Deposit
7/31 - Bank of America's New Checking Account Bonuses - $200, $100 & $75 Based on Your State
7/25 - Last Chance for 2 Percent CDs? What I Found at Bank of America
7/24 - Bank Of America Slashes ATM Network In Cost-Cutting
7/24 - Bank Of America Rolling Out New Mobile Banking Services
6/30 - Bank Of America's Purchase Of Countrywide Was A $40 Billion Mistake
6/20 - Detroit Man Gambles Away $1.5 Million Accidentally Given By ATM
6/12 - $150 Checking Account Bonus For Bank Of America Credit Card Customers - YMMV
5/31 - 3 Years After Taxpayer Bailout, Bank Of America Ships Jobs Overseas
5/19 - Bank Of America Shuttered 154 Branches In Q1
5/8 - Bank Of America Starts Mortgage Reduction Effort
4/24 - Bank of America Advertising a $100 Checking Account Bonus
4/24 - Checking Bonus
4/19 - Bank Of America Q1 2012 Earnings & My Deposit Growth Observation
4/19 - $100 Checking Account Bonus At Bank Of America Branches In Some States
3/8 - Harsh Early Withdrawal Penalties at Some Banks & Credit Unions
3/8 - Was Bank Of America Negligent In Allowing Man To Embezzle Public Funds?
3/2 - Bank of America's Checking Account Fees in the News Again
3/1 - Bank Of America Considers Revamping Checking Accounts
2/9 - Bank Of America Declares Live Man Dead
2/2 - Bank Of America Takes Back My Claim Money Because My Account Was Compromised Twice
1/25 - Group Calls For U.S. To Break Up Bank Of America
1/24 - Bank Of America Testing New Credit Card Cash Back Service
1/24 - Bank Of America's Deposit Strategy
1/19 - Bank Of America Q4 2011 Earnings
1/14 - Report Claims Bank Of America Told Fed It Could Sell Branches In Emergency
1/4 - Bank Of America Severing Some Small-Business Credit Lines
1/4 - Bank Of America Branch Refuses To Deposit Wedding Gift Checks Because Bride Didn't Change Her Name
12/29/11 - Can Bank Of America Survive A 'Run On The Bank' In 2012?
12/23/11 - CD's For A Organization..
12/2/11 - Top CD Rates at Bank of America & Chase Bank But With Major Downsides
11/22/11 - Bank of America Warned By Regulators To Get Stronger
11/18/11 - Bank Of America Allegedly Gave Man's Account To Another With Same Name
11/16/11 - Inflation Dangerous Banks - Those That Could Refuse CD Early Withdrawals
11/14/11 - My Problems with a Mega Bank Part 2 - Bank of America
11/9/11 - Bank of America IRA CD Early Withdrawal Issues
11/1/11 - Bank of America is Latest Big Bank to Back Down on Debit Card Fees
10/28/11 - Bank Of America Is Revamping Debit Card Fees
10/12/11 - Bank Of America Tries To Burnish Tarnished Image With Ads
10/6/11 - Best Response to Bank of America's New Debit Card Fee?
10/3/11 - Bank Of America, Chase, And Citibank Bonuses
10/3/11 - Bank Of America's Website Is Down Again
9/30/11 - Bank of America Adding Debit Card Fees - Future for Debit Cards?
9/29/11 - Bank Of America To Start $5 Monthly Fee For Debit Cards
9/29/11 - Reminder: Bank Of America's Museums On Us Program
8/5/11 - Bank Of America Starts Overdraft Rebate Outreach
8/5/11 - Bank Of America Online System Experiencing Problems
7/18/11 - Tips For Receiving A Bank Of America Fee Refund
7/17/11 - Bank Of America Customer Forced To Pay CD Early Withdrawal Penalty On Last Day Of Grace Period
7/14/11 - Bank Of America Paying Out $410 Million For Reordering Your Transactions To Maximize Overdraft Fees
7/12/11 - Bank Of America's Handling Of Blunder Is Troubling
7/7/11 - Woman's Accounts Frozen After $3M Overdraft
6/25/11 - Another Fee Increase At Bank Of America: Replacing A Debit Card
6/15/11 - Bank of America Changing Checking Accounts and Increasing Fees
5/26/11 - New Person-to-Person Payment Venture Launched by Chase, Bank of America and Wells Fargo
5/25/11 - Bank Of America Security Breach
5/25/11 - Will New Checking Account Fees Have Any Effect on Bank of America?
5/10/11 - Bank Of America To Allow Texts To OK Overdrafts
5/6/11 - Bank of America Increases CD Early Withdrawal Penalties
5/6/11 - Bank Of America Seriously Increases CD Early Withdrawal Penalty. Is It Retroactive?
4/28/11 - Checking Account Fees Going Up At Bank Of America
4/28/11 - Bank Of America Issuing State Tax Refunds As Fee-Heavy Debit Cards
4/21/11 - Unintentional Sign-Up Of Bank Of America Customer Years Program
4/12/11 - Bank Of America ATM Check Deposit Incident
3/31/11 - Bank Of America Begins Promoting Rapport Security Software
3/22/11 - Credit Limits
3/21/11 - New Fee At Bank Ofamerica
2/11/11 - Bank Of America To Close Some Branches & Transform Some Into Merrill Lynch Specialty Stores
1/19/11 - New Fee For Those With Bank Of America Mortgages
1/14/11 - Bank Of America's Online Banking Outage
1/6/11 - Bank Of America Testing New Checking Accounts With New Fees In AZ, GA & MA
11/1/10 - Debit Card Fraud Resolution Problems At Bank Of America
10/21/10 - Future Bank Of America Checking Accounts?
10/19/10 - Bank of America's Third Quarter Earnings Report from a Depositor Point of View
10/15/10 - Bank Of America Experimenting With New Fees
10/11/10 - Bank Of America's Checking Account Bonus: $300 Mortgage Principal Reduction
9/21/10 - $150 Promo From Bank Of America
9/21/10 - Bank Of America Patents Method For Denying Refunds
9/21/10 - $200 Business Checking Account Bonus At Bank Of America
9/20/10 - Bank Of America's Plans For A New Fee Structure
9/14/10 - WSJ's Review Of Bank Of America's CEO
9/8/10 - New Myaccess Checking Fees
8/29/10 - Bank of America's $220 Checking Account Bonus
8/27/10 - Bank Of America Online Banking Outage - Nationwide - Resolved
8/23/10 - Bank Of America Promotion: $75 Checking Account Bonus Update
8/17/10 - Excessive Withdrawal Fees from Bank of America, Citi, Wells Fargo and Ally
8/9/10 - Bank Of America Releases The Ebanking Checking Account
8/6/10 - Bank Of America's 12 Free Months Of Mcafee For Online Banking Customers
8/6/10 - 10% Cash Back Deals In Bank Of America's Add It Up Program
7/31/10 - Bank Of America Slashes CD Rates, Tips For Bank Of America Customers
7/18/10 - Bank Of America's Plans Of Dealing With New Regulations
6/7/10 - Update on Bank of America Checking Account Bonuses
5/13/10 - Money Market Account Deal at Bank of America for NEA Members
11/12/09 - Bank of America's Special Rate Money Market Savings Account
10/5/09 - $35 Bill Pay Bonus at Bank of America
9/13/09 - $100 Checking Account Bonus at Bank of America - Update 2
8/21/09 - Bank of America's Introductory Rate Money Market Savings Account
8/10/09 - 2.00% Money Market Account with Rate Guaranteed until 2010 at Bank of America for NEA Members
7/2/09 - Bank of America's $100 Checking Account and Bill Pay Bonus
6/2/09 - $75 Checking Account Bonus at Bank of America, Plus a Note on the New Fees
4/20/09 - Switching from a giant monster mega-bank to a credit union is easier than you think
4/14/09 - Bank of America $75 Checking Account Bonus for Existing Credit Card Customers
3/18/09 - $50 Checking Account Bonus at Bank of America
3/4/09 - 2.50% 9-Month Risk Free CD at Bank of America in Many States
2/23/09 - 2.50% Money Market Account with Rate Guaranteed till Jun 30th at Bank of America in Texas
12/11/08 - Bank of America's $50 Checking Account Bonus
12/9/08 - Bank of America's 4.01% 48-Month CD in FL and MA
11/6/08 - The 3 Superbanks and the Effects on Depositors
10/16/08 - 4.25% 3-Month CD and 3.86% Money Market Account at Bank of America
7/24/08 - 4.00% 7-Month CD at Brick-and-Mortar Bank of America
7/18/08 - 4.11% 7-Month High Yield CD at Bank of America
7/6/08 - Bank of America Checking and Credit Card Bonuses
7/1/08 - Bank of America Completes Acquisition of Countrywide
6/8/08 - Latest Banking News: Online Savings Accounts, Bank of America, Countrywide and National City
5/27/08 - Fee Refunds and Hold Times at Bank of America
5/19/08 - Update on Bank of America's $75 Checking Account Bonus
3/5/08 - $100 Business Checking Account Promotion at Bank of America
2/21/08 - Update on Chase and Bank of America Checking Account Bonuses
2/5/08 - Update on LaSalle Bank's $100 Checking Account Bonus
1/16/08 - News Coverage on the Savings Programs from Wachovia, WaMu and Bank of America
1/11/08 - It's Official. Bank of America is Buying Countrywide
12/24/07 - Bank of America $100 Credit Card Bonus
12/18/07 - 5.10% 5-Month Online CD at LaSalle Bank
12/7/07 - Bank of America's Money Market Savings Account Yield Up to 5.12%
11/30/07 - 5.20% 4-Month CD at Bank of America
11/5/07 - Bank of America's Online 4-Month CD - Yield as High as 5.25% APY
11/2/07 - More Falling Rates: GMAC, Countrywide, Presidential, Bank of America
10/19/07 - $100 Bank of America Checking Account Bonus Continues
9/21/07 - Falling Saving Account Rates: GMAC, AmTrustDirect, Apple, BofA DoW Money Market
9/14/07 - 5.45% 4-Month Online CD at Bank of America in Some States
9/14/07 - Update on Bank of America's High Yield Money Market Savings Account
9/7/07 - 5.71% Money Market Savings Account at Bank of America
8/24/07 - $75 Bank of America MasterCard Bonus
8/6/07 - $100 Bank of America Checking Account Bonus
7/11/07 - $250 Promotion for a Bank of America Credit Card
3/29/07 - $100 Checking Account Bonus at Bank of America - Update
3/25/07 - Update on $75 Bank of America Checking Account Bonus
2/16/07 - Bank of America Checking Account Bonuses
9/24/06 - 5.36% Money Market Account from Bank of America?
8/27/06 - Summary of Bank of America Checking and Savings Account Bonuses and Promotions

Bank Of America - More Than Bad Banking...Harassment And Lies!

   I was very excited to open my new checking and savings accounts through Bank of America. I had just started a job in Tacoma, wa that used B.O.A. as their bank and if I had an account there I could deposit my checks with no fees. For the first few months, I loved B.O.A. I was young and trying to start financially "building a life" for myself so I decided to open a credit card through B.O.A. BAD IDEA!!  I was hoping to build up good credit as I had no credit record at this point in my life.  The account's only fee mentioned was that of a single late fee if the payment was not made on time. This seemed reasonable. Over the next few months, I started to notice charges on my account that were incorrect. Each time I found one, I called B.O.A and, after long debate, they usually corrected these errors. After I charged a hospital bill to my card and the balance was closer to the limit, things got ugly. I always made my payments in full and on time. B.O.A, however, began adding more and more fees for various reasons that had NOT been part of the initial contract. Every time I contacted them, I was given an ear full of stories that NEVER gave any real explanation. If I continued to question them about this they would put me on hold for 20 minutes or longer and then disconnect the line. If this had happened once or twice, I would be willing to assume it was an accident but EVERY time??? Come on, now. I also began noticing false charges to my account supposedly made in places I had never even been. After doing the dance with B.O.A several more times over this, I finally became so fed up that I borrowed the money from a family member and paid off the account. I asked that ALL of my accounts be frozen as I knew no more charges or transactions were due to come through and I would most definitely NOT be banking with Bank of America again. I choze to freeze my accounts because a B.O.A. adviser said it would effect my credit negitively if I just closed the account right away. I confirmed this with other agentcies.  The employee I spoke with argued to the best of her ability but finally gave in, accepted the payment and froze my accounts...OR DID SHE?  Four months later, I recieved a statement in the mail. Everything looked as though no transactions had been made to my checking or savings accounts. Now, might I remind you these statements are ALWAYS seperate from the credit card statement. However, on this statement, in very small print at the bottom was a notice stating that a charge had been made to my credit card and that I had failed to make my payment on time. card had been cut up, my checks is this possible?  I called B.O.A once again for our ritual song and dance of complete disrespect...they informed me that this had been a mistake and that they would "take care of it right away". WRONG! EVERY YEAR I do a credit check on my self and EVERY YEAR it shows up that B.O.A closed my account for failure to make payments on time. EVERY YEAR we argue, it gets corrected and we continue on until the next credit check. This year, 2010, I checked my credit and once again my dear friends at B.O.A have reported that my account was closed for failure to pay on time. This year's song and dance lasted for close to an hour with multiple holds and transfers to different departments ending to guess?...a transfer to a closed department that disconnected the line. Thank you, Bank Of America, for the never ending nightmare of harassment and complete disrespect. See you in court.

There Were Great Times, There Were Worst Times

I have been a long time banker at BOA...very long.

I had some great experiences with the bank. There were times when I would overdraft and they would take my overdraft charge away at request. They made my credit card payment easy to pay by lowering my interest rate and allowing small payments to be taken out of my account each month. It wasn't until recently that we had problems.

I was given a check for $250. I cashed the check and took out $50. Two days later I get a call from BOA and am told without a reason that I am no longer allowed to bank with them. They kicked me out quicker then hobo in the Trump tower. When I called to find out why they said that my the check I had cashed was from a fake account and that I was putting the bank at risk....!!!

So there I was with no source of income since they pretty much told me I would have to wait up to 2 weeks to recieve the money I had in my account. Not to mention it was the end of the month meaning bills had to be paid. After I spoke to about 4 rude customer service reps who told me to just go to another bank and that they were sorry because there was nothing they could do I headed over to Chase. Now I am responsible person and my credit is decent so when I was told that I was not able to join Chase I wanted answers.

Turned out BOA blacklisted me. I was and still am not able to join any bank for up to FIVE YEARS!!! I even showed proof to them that the check had no connection to me and it was given to me for graphic work I had done for a client. I made a lawsuite out of it and that is still pending because the client is no where to be found...and I am stuck with this mess. BOA may seem great in their commercials and may offer perks here and there but when I say they will leave you high and dry...I mean seriously they will leave you without care in the world and ruin you while they are at it so you don't want to bank with anyone but them...

Bank Of America -- Can Be A Good Bank

I have been banking with BofA for many many years, from Baybank to Bank of Boston, then BofA.  I have to admit that, in addition to the amazing numbers of ATMs everywhere, they also offer superb customer service (although I have to say that I am their premier member). 

The bank is a good bank only when situation arises: Recently I made an error on their BillPay and paid twice (at $2,000) to one of my BofA credit card accounts.  This error, in turn, created insufficient funding in my savings account.  They sent me an e-mail within a day, paid the double amount even though there is insufficint fund in my account, and did not charge me a cent on the overdraft. 

When I called the BofA credit card department, they initiated an ACH and returned the second (double) payment to my savings account within two business days.

And this was just one example of their excellent customer service that I enjoyed over the years!  BTW, I also have their fee-free HELOC (with a huge amount), at a rate of 2.24%. 

I know that BofA is well-known for their poor customer service and greediness in charging customer fees after fees.  But this customer has been a long-term loyal customer and continue to be one.  So far, I have only good things to say about them. 

Student Account

I recently opened a student account with Bank of America after having an account with my small-town, local bank since age 12. Overall, I am very satisfied with the new account and all of the online and mobile banking capabilities that go along with the Bank of America experience. It is now much easier to manage and transfer funds between my accounts on the go, a priority for a frugal college student.



Data for Q1 2014

Bank of America consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

3510 - Bank of America, National Association
25178 - Bank of America California, National Association

Institution Health

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bank of America had $20.07 billion in non-current loans and owned real-estate with $191.44 billion in equity and loan loss allowances on hand to cover it. This gives Bank of America a Texas Ratio of 10.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bank of America decreased dramatically from 21.21% as of March 31, 2013 to 10.48% as of March 31, 2014, resulting in a positive change of 50.57%.This indicates that the balance sheet and financial strength for Bank of America has improved dramatically in recent periods.

Deposit Growth


In the past year, Bank of America has increased its total deposits by $16.54 billion, resulting in 1.49% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of America has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of America has $1457.86 billion in assets with $191.44 billion in equity, resulting in a capitalization level of 13.13%, which is excellent.

Institution Statistics

FDIC Certificate #3510
Year Established1904
Primary RegulatorOCC
Assets and Liabilities
Assets$1.46 trillion
Loans$765.30 billion
Deposits$1.13 trillion
Equity Capital$180.10 billion
Loan Loss Allowance$11.34 billion
Unbacked Noncurrent Loans$18.41 billion
Real Estate Owned$1.66 billion
Historic Data - March 2013
Assets$1.46 trillion
Equity Capital$179.33 billion
Loan Loss Allowance$15.68 billion
Unbacked Noncurrent Loans$18.41 billion
Real Estate Owned$2.97 billion
Profit Margin - Quarterly
Net Interest Margin2.55%
Return on Assets0.81%
Return on Equity6.51%
Interest Income$8.28 billion

Always verify rates and promotions with the bank or credit union. We are not Bank of America, we are a rate comparison website and can not provide official rates or promotions.

Bank of America Savings Account Rates

0.01%--Regular Savings
0.01%--UTMA/UGMA Custodial Savings Account

Bank of America Money Market Rates

0.20%$1m-Analyzed Business Investment Account
0.15%$100k-Money Market IRA
0.15%$100k-Money Market CESA
0.15%$100k-Money Market Roth IRA
0.10%$100k-Platinum Money Market Savings
0.04%$500k-Business Interest Maximizer
0.04%$250k-Personal Money Market Savings
0.02%--Business Investment Account

Bank of America Checking Account Rates

0.03%$100k-Bank of America Interest Checking
0.01%--Business Interest Checking

Bank of America CD Rates

0.15%$1k-48 - 59 Month CD - Platinum Rate
0.15%$1k-60 - 119 Month CD - Platinum Rate
0.15%$1k-120 Month CD - Platinum Rate
0.13%$1k-48 - 59 Month CD
0.13%$1k-60 - 119 Month CD
0.13%$1k-120 Month CD
0.13%$1k-Business 48 - 59 Month CD
0.13%$1k-Business 60 - 119 Month CD
0.13%$1k-Business 120 Month CD
0.12%$1k-36 - 47 Month CD - Platinum Rate
0.10%$1k-36 - 47 Month CD
0.10%$1k-Business 36 - 47 Month CD
0.10%$1k-24 - 35 Month CD - Platinum Rate
0.08%$1k-24 - 35 Month CD
0.08%$1k-Business 24 - 35 Month CD
0.08%$10k$25k12 Month Featured CD - Platinum Rate
0.07%$1k-18 - 23 Month CD - Platinum Rate
0.06%$10k$25k12 Month Featured CD
0.05%$5k-9 Month Risk Free CD - Platinum Rate
0.05%$1k-12 - 17 Month CD - Platinum Rate
0.03%$5k-9 Month Risk Free CD
0.03%$1k-12 - 17 Month CD
0.03%$1k-18 - 23 Month CD
0.03%$1k-Business 12 - 17 Month CD
0.03%$1k-Business 18 - 23 Month CD
0.03%$5k-Business 9 Month Risk Free CD
0.03%$1k-28 - 179 Day CD - Platinum Rate
0.03%$1k-6 - 11 Month CD - Platinum Rate
0.01%$1k-28 - 179 Day CD
0.01%$1k-6 - 11 Month CD
0.01%$1k-Business 28 - 179 Day CD
0.01%$1k-Business 6 - 11 Month CD

Bank of America IRA Rates

0.15%$500-48 - 59 Month CESA - Platinum Rate
0.15%$1k-48 - 59 Month IRA - Platinum Rate
0.15%$500-60 - 119 Month CESA - Platinum Rate
0.15%$1k-60 - 119 Month IRA - Platinum Rate
0.15%$500-120 Month CESA - Platinum Rate
0.15%$1k-120 Month IRA - Platinum Rate
0.13%$1k-48 - 59 Month IRA
0.13%$1k-60 - 119 Month IRA
0.13%$1k-120 Month IRA
0.13%$500-48 - 59 Month CESA
0.13%$500-60 - 119 Month CESA
0.13%$500-120 Month CESA
0.12%$500-36 - 47 Month CESA - Platinum Rate
0.12%$500-36 - 47 Month IRA - Platinum Rate
0.10%$1k-36 - 47 Month IRA
0.10%$500-36 - 47 Month CESA
0.10%$500-24 - 35 Month CESA - Platinum Rate
0.10%$1k-24 - 35 Month IRA - Platinum Rate
0.08%$1k-24 - 35 Month IRA
0.08%$500-24 - 35 Month CESA
0.08%$2k-12 Month Featured IRA - Platinum Rate
0.07%$500-18 - 23 Month CESA - Platinum Rate
0.07%$1k-18 - 23 Month IRA - Platinum Rate
0.06%$2k-12 Month Featured IRA
0.05%$500-12 - 17 Month CESA - Platinum Rate
0.05%$1k-12 - 17 Month IRA - Platinum Rate
0.05%$2k-9 Month Risk Free IRA - Platinum Rate
0.03%$2k-9 Month Risk Free IRA
0.03%$1k-12 - 17 Month IRA
0.03%$1k-18 - 23 Month IRA
0.03%$500-12 - 17 Month CESA
0.03%$500-18 - 23 Month CESA
0.03%$500-6 - 11 Month CESA - Platinum Rate
0.03%$1k-6 - 11 Month IRA - Platinum Rate
0.03%$100-18 - 23 Month Variable Rate IRA - Platinum Rate
0.02%$100-18 - 23 Month Variable Rate IRA
0.01%$1k-6 - 11 Month IRA
0.01%$500-6 - 11 Month CESA

Bank of America has 5,400 locations. Click to view all Bank of America locations.