Bank of America News & Media
Bank of America intros income-focused portfolios
March 28, 2024
Bank of America announced its Merrill investment advisory program is offering new income-focused portfolios for retirees to offer predictable income over a…
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Bank of America intros unified mobile app
March 27, 2024
Bank of America introduced a mobile app that combines five separate apps, Bank of America, Merrill Edge, MyMerrill, Bank of America Private Bank and Benefits…
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Bank of America delivers grant to Horry-Georgetown Technical College
March 8, 2024
Bank of America delivered a $250,000 grant to the Horry-Georgetown Technical College in Mrytle Beach, South Carolina to develop its facilities and attract…
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Bank of America saw 23.4B digital interactions in 2023
February 23, 2024
Bank of America saw more than 23.4 billion digital interactions on its platforms in 2023, an 11% increase year-over-year. These included 10.6 billion proactive…
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Bank of America launches partnership with Starbucks
February 22, 2024
Bank of America has partnered with Starbucks to link its cardholders to Starbucks Rewards. With this partnership, members can earn 2% cash back on top of…
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Bank of America sees growth in employee banking program
February 16, 2024
Bank of America announced more than 450 corporate and commercial customers have enrolled in its Employee Banking and Investing program, which now offers almost…
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Bank of America intros car shopping digital tools
December 1, 2023
Bank of America introduced tools for customers looking to purchase and finance a car. Customers can get prequalified for financing without impacting their…
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Bank of America expects soft economic landing in 2024 despite uncertainty
November 29, 2023
Bank of America Global Research economists and strategists predict that disinflation will continue into 2024 and expect rate cuts to begin midway through the…
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Bank of America expands funding for Veteran Loan Fund
November 13, 2023
Bank of America provided $10 million as an additional funding round for the Veteran Loan Fund, doubling its existing two-year commitment, which has funded more…
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Bank of America announces rewards day
November 1, 2023
Bank of America announced its More Rewards Day to be held on Nov. 9. During this day, credit cardholders will earn extra rewards on purchases, according to a…
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What's new in branch design?
by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator
Digital banking is important, but branches also have a role to play. A panel at the Bank Customer Experience Summit in Charlotte, North Carolina took a look at…
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Bank of America's inventors reach 7,000 employees
September 26, 2023
Bank of America announced its inventor base now consists of 7,000 employees globally. These employees have helped Bank of America obtain more than 6,10…
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Bank of America expands maintenance fee waivers
September 25, 2023
Bank of America has expanded its monthly maintenance fee waiver criteria for its SafeBalance account. Accounts that maintain a minimum daily balance of $500 or…
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Bank of America boosts CashPro AI chatbot, intros supply chain service
September 19, 2023
Bank of America improved its chatbot CashPro Chat with propriety AI and machine learning that is also used with its virtual financial assistant Erica. Business…
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Bank of America intros global digital disbursements to Canadian customers
September 15, 2023
Bank of America introduced its Global Digital Disbursements for commercial clients in Canada. This service processes B2C payments and C2B collections using an…
read nowBank of America ATM technician robbed in Washington
August 31, 2023
The Clark County, Washington Sheriff's Office is investigating a robbery at a Bank of America, where two men allegedly stole a large amount of money from a…
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Fitch warns of possible bank downgrade
August 15, 2023
Fitch Ratings has warned that banks, including JPMorgan Chase, may face ratings downgrades. It reduced its overall assessment of the banking industry's health…
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Bank Customer Experience Summit to examine future of branches
by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator
Banks are dramatically changing their branch strategies, from shutdowns to redesigns. The Bank Customer Experience Summit will look at the cutting edge of…
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Bank of America boosts dividend
July 27, 2023
Bank of America has announced a regular quarterly cash dividend of $0.24 per share up from 2 cents from the previous quarter. The dividend will be payable on…
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FDIC calls out banks for incorrect uninsured deposit statements
July 25, 2023
The Federal Deposit Insurance Corp. has called out banks for containing incorrect data on financial statements. The statements showed lower uninsured deposits…
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