Is Bank of America a bank?

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, Global Markets, and All Other.

Who provides banking products?

Banking products are provided by Synovus Bank, Member FDIC. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, and South Carolina. This communication is directed to properties in those states.

What is Bank of America advantage banking?

Bank of America Advantage SafeBalance Banking®. This account is for someone who keeps a low balance and doesn’t need checks. Eligible students under age 24 can avoid the monthly fee. Bank of America Advantage Plus Banking®. This is the standard checking option with four ways to avoid the monthly fee, including receiving direct deposits.