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Bank Of America Home Personal

December 2, 2011 by staff 

Bank Of America Home Personal, If managing finances has always been a headache for you, or you are searching for the most ideal financial management concern to take care of your finances here is someone to help you out – meet “Bank of America”.

One of the most well established and still growing further, a bank, that will deliver the best product and service to you. The bank has its corporate headquarters based in North Carolina, and operates offices in 31 countries and it is providing services to clients in more than 150 countries across the globe.

A network of more than175,000 bank associates spread across 50 states provide financial products, services, ideas and solutions to customers. The statistics go more interesting with the facts that the bank has nearly 14.7 million active online customers, around 4.8 million people pay their bills online with transactions amounting to 21billion dollars for each quarter through the banks online portal, the largest ATM network with 16,795 ATMs with 2.3 million transactions are carried out at these ATMs every day, providing for wealth management services to more than 820,000 customers, and the list goes on as if unending. What’s more is the banks involvement in the societies development, the bank is currently involved in various developmental activities for the general people, society, disabled, children and youth.

Talking of the sectors in which the bank operates, it is involved in banking and non banking financial services and products. The four noted business segments through which it operates are Consumer and Small Business Banking, Business and Financial Services, Capital Markets and Investment Banking, and Wealth and Investment Management.

Here is what each of these segments does: Consumer and Small Business Banking

There is a wide range of products being offered to suit individual needs of the customers. The bank offers Checking, Savings and Certificate of Deposit (CD) account facilities to common people. The diversity of credit cards on offer is indeed commendable; the customer has a wide choice to pick from nearly a hundred different cards, with cards specifically designed for different professions and age groups. Mortgage, consumer loans, home equity and insurance are some of the other facilities for the consumers. Not to forget one could make use of their wealth and investment management services. All accounts with the bank get to enjoy great facilities like online banking, talking ATMs, money transfer, reorder checks, telephone banking, and reorder checks and so on.

As for the small businesses apart form the usual accounts like – Checking, Savings and Certificate of Deposit accounts and business credit cards, an elaborate range of business financing services are available where tailor-made solutions to suit every firms requirements are made. The bank also provides payment processing options and even internet merchandising options. If you need help on investment, tax or payroll management the bank is well equipped to do it for you. The bank will not just finance your business but will help you managing finances as well. While treasury management and insurance facilities are also available, the small businesses can make use of wholesale mortgage lending as well.

Business and Financial services

With the statistics as strong as, the bank is currently catering to the financial needs of 98 percent of the fortune 500 companies in the US, the bank is the right choice to trust your finances with. You can avail of the finance and advice for your business which is delivered to you by a team of experts whoanlyze and keep a track of sector fluctuations across various industries. The list of solutions and services being offered by the bank include – asset management, foreign exchange facility, insurance schemes, futures dealing, property leasing, real estate management, mergers and acquisitions, research facilities, principal investing help and advice, and treasury management.

Capital Markets and Investment Banking: this segment works towards providing clients with detailed solutions on how to raise capital and an advisory service apart from the regular bank accounts, providing loans, payment services and cash management. For the help and comfort of the investors features like debt and equity search are made available, and further facilities such as financing activities in fixed income and equity markets and secondary trading capabilities are on the offer. Clients can benefit themselves from the extensive derivative and other risk-management products.

Wealth and Investment Management

The Bank of America will help you out whether you need the services of a financial advisor or you wish to make your investment decisions on your own. If your need is of an integrated financial solution, the bank will provide you with a financial team which has a Premier Banking Client Manager and a financial advisor from the Bank of America Investment Services, Inc. on the board. The more complex your wealth management gets the bank will take more initiative to help you by providing for an advisor and also a team of experts with specializations in the various aspects of investment and wealth management. And the service is not just limited to the corporate they do it for families too.

Security issues With a bank as large and as reputable as this one definitely need not worry about the financial security, it indeed is guaranteed. And to talk of the online facilities the bank has gone miles ahead to make sure that their website is well equipped with security features guarding your finances against all frauds and scams. The website of the bank is based on the latest security technology such as Encryption based browser, SSL secure server, authentication protocol and data integrity to ensure no unwarranted person has access to any information which is related to any of the bank customers as also no other computer can pose up as the website of Bank of America. You can also customize your security and secrecy preferences once you are logged into your account.

Online facilities The bank has a well designed and user friendly website so you can do just about anything from the convenience of your home or office. The variety of applications possible is wide and nearly all facilities being offered by the bank can be successfully availed of on the website itself. If you are keen to know more about what the bank has on offer for you just check their website and you certainly would not be on a look out for any other bank or financial services company.

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