bank

Your Guide to Bank of America SWIFT Codes J2R / Shutterstock.com When transferring money between banks, the sending bank has to have some way to identify the bank it’s transferring the funds to. In the case of international money transfers, banks use a SWIFT code, which is a bank identification code (BIC) that uniquely identifies the receiving […]

J2R / Shutterstock.com With a Bank of America checking or savings account, you have access to financial products, including cashier’s checks. You might need a cashier’s check for a large transaction in which a guaranteed form of payment is requested, like buying a house or a car. Although some banking institutions will issue cashier’s checks […]

What Is Bank-Owned Life Insurance? Bank-owned life insurance (BOLI) is a product where the bank is the policy beneficiary and usually the owner. Such insurance is used as a tax shelter for the financial institutions, which leverage its tax-free savings provisions as funding mechanisms for employee benefits. This permanent life insurance policy is often purchased […]

Home SWIFT SWIFT US Bank of America SWIFT The SWIFT/BIC code for Bank of America is BOFAUS6SXXX. This code should be used for incoming international wire transfers in a foreign currency. For transfers in US dollars, the SWIFT code BOFAUS3NXXX should be used instead. If you’re looking for Bank of America’s SWIFT/BIC code, you probably […]

The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina. The bank was founded in San Francisco and took its present form when NationsBank of Charlotte acquired it in 1998.

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