Bank of America : Online banking known by its many names such as e-banking, internet banking or virtual banking is a system of electronic payment that lets customers of a bank or other financial institution to conduct a range of financial transactions via the financial institution’s website.
One such popular bank that offers an array of financial transaction features is Bank of America. Abbreviated as BoA, the Charlotte, North Carolina based multinational banking and financial services corporation is the second largest bank holding company in the United States in terms of assets.
In terms of total revenue, Bank of America is United States’ twenty-first largest company as of 2013. Bank of America was listed as the third biggest company in the world by Forbes in 2010.Bank Of America Routing Number is 121000358.
Products and services are provided by Bank of America via operating 16,300 ATMs, 5,100 banking centers, online and mobile banking platforms and call centers. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans
Bank of America became the world’s largest wealth management corporation and a major player in the investment banking market by acquiring Merrill Lynch in 2008. It had assets under management (AuM) of US$ 1,866.6 Billion as per the Scorpio Partnership Global Private Banking Benchmark 2014; an increase of 12.5% on 2013.
12.2% of all bank deposits in the United States were held by the company in August 2009. It is also one of the Big Four banks in the United States alongside Wells Fargo, Citigroup and JP Morgan Chase – its main rivals. Bank of America operates—but does not necessarily maintain retail branches – in all 50 states of the United States, the District of Columbia and more than 40 other countries. The company has a retail banking footprint that serves approximately 50 million consumer and small business relationships at 5,151 banking centers and 16,259 automated teller machines (ATMs).
Naturally, given the bank’s statistics and shareholdings, the number of people opting for Bank of America is also enormous. And as the number of customers increase, the number of queries pertaining to different services increase too. We usually come across common questions related to net banking in Bank of America, ways to create an account, procedures to login to net banking and password recovery options.
We have therefore compiled this article to help you all with the aforementioned queries and make the process simpler. Keep reading on folks!
Enroll in Online Banking at Bank of America
Step 1: Click on the following link
https://secure.bankofamerica.com/login/enroll/entry/olbEnroll.go?reason=model_enroll It will take you to the enrollment page.
Step 2: Fill in details regarding your card number or account number and Social Security Number (SSN) Tax Identification number (TIN).
Step 3: Once you finish typing out your details, click on “Continue” button.
Step 4: You will then be directed to the next page where you can create your ID and pass-code.
Step 5: Fill in the required details to create your ID.
Step 6: Then click on “Continue”.
Step 7: Next, you will get to the Security Set-Up page where in you will have to fill in the necessary details again.
Step 8: Click on “continue” again and you finally reach the ‘Review’ page.
Step 9: You are ready with the ID and password for you Bank of America online banking account.
How to Sign in to Bank of America Online Banking
Step 1: Click on the following link: https://secure.bankofamerica.com/login/sign-in/signOnV2Screen.go
Step 2: Once the Sign In Page opens, fill in details of your Online ID and Passcode.
Step 3: Then, click on “Sign In” and you are done.
How to Reset your BOA Passcode
Step 1: If you have forgotten the passcode of your Bank of America online banking account, you can click on the
Following link: https://secure.bankofamerica.com/login/reset/entry/forgotPwdScreen.go
Step 2: Once you click on the link, the passcode reset page will open.
Step 3: You will then have to enter details of your card number or account number; social security number (SSN) or tax identification number (TIN) and your online ID.
Step 4: After typing out the details, you can click on “Continue” and reset your passcode.
With the help of Online Banking at Bank of America, you can:
1) Check your Account Balance and Pending Transactions
You can find out in your mail if your direct deposits or payments have cleared without waiting for a monthly statement; quickly confirm your credit card balance before making a purchase or payment and your present and past account activities are available when you require them.
With Online Banking you can:
- Check balances for your Bank of America checking, savings, credit card, home equity loan or line of credit and mortgage
- Track your recent transactions, including ATM visits, debit card purchases and direct deposits
- Choose paperless statements to get your statements sooner and review your statements online
2) Set & Get Alerts to Track your Bank Account Activity
A text or an email alert helps notify you of important checking and savings account whether you’re at home or work or even out with friends. This saves you the time of having to sign in or going online.
You can keep track of your bank account activity with alerts such as these:
- Low balance
- Available balance
- Payment due
- Credit card balance nearing its limit
- Unusual activity
Alerts also let you automatically track your mortgage and home equity accounts, credit card transactions and bills.
3) Go Paperless with your accounts
All your online notifications, account statements and other documents are organized in one place that is hassle- free to search and track. Your online statements will be available whenever you need them.
You can enjoy the following benefits while receiving online statements:
- Efficient record keeping: Online statements are stored for 7 years and available when you need them.
- 24/7 access to your documents anytime: Receive monthly email notifications when your new paperless statement is posted.
- Improved security: Help reduce the risk of mail fraud and identity theft.
- Alerts: Set up alerts so you know when your statements are available.
You have to first sign in to Online Banking, then select the Accounts tab and finally choose the Statements & Documents option to get paperless statements.
Source : Usaa Routing Numbers List