wwwbank of americacom - Bank of America Online

Bank of America offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, and regular and interest-checking accounts; consumer cards, business cards, debit cards, international cards, and merchant services; mortgage products for home purchase and refinancing needs; insurance services; and lines of credit and home equity loans.



To set up a payee such as your electric company, start by accessing the built-in list of payees that the Bank of America (wwwbank of americacom) online banking program maintains. The program already knows the names of the major players in the community and maintains the names and billing addresses that most customers are likely to use such as electric, cable, and utility companies, area department stores and local major financial institutions. Pick the payee from the list, enter your loan or account number and in seconds, that payee is set up.

The company's Global Wealth and Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and diversified asset management products to institutional clients and high-net-worth individuals. As of September 26, 2007, the company operated approximately 5,700 retail banking offices and 17,000 automated teller machines.

On January 11, 2008 Bank of America (wwwbank of americacom) announced that they will buy Countrywide Financial for $4 billion.[8] This acquisition will give the bank a substantial market share of the mortgage business, and access to Countrywide's expertise, technology, and employees for servicing mortgages.[9] The acquisition also is seen as preventing the potential of bankruptcy for Countrywide. Countrywide has denied that it is close to bankruptcy. Countrywide provides mortgage servicing for nine million mortgages valued at $1.4 trillion USD as of December 31, 2007.

Bank of America generates 90% of its revenues in its domestic market and continues to buy businesses in the US. The core of Bank of America’s strategy is to be the number one bank in its domestic market. It has achieved this through key acquisitions.[11] As a result of its mergers and acquisitions, Bank of America is now the largest issuer of credit, debit and prepaid cards in the world based on total purchase volume, as well as the largest consumer and small business bank in the United States.

Everyday Online Banking - Easier, Faster, and Safer
Everyday banking allows you to perform various banking transaction securely online from the comfort of your homes.