1) Bank of America offers various personal and commercial banking services including checking and savings accounts, credit cards, loans, and investment services. 2) They provide options for individuals, small businesses, and large corporations with over 6,100 retail banking locations nationwide. 3) In addition to traditional banking, they also offer specialized services for investing, wealth management, and private banking tailored to clients with different asset levels.

1. Entertainment Business FinanceLeadership Portfolio:Commercial BankingPaul SieweThursday, April 23 2009 After conducting an interview with the assistant manager, Jared Whittin, of the Bank of America’s branch located on Aloma Avenue, I came out with a lot of information about the bank services and different accounts, which will be discussed throughout the length of this paper.Jared Whittin graduated from college with a business major; and for a little while it was hard for him to find employment. He was a customer of the bank before starting working as one of their employee, and one of the turning point in his life is when he got hired by the same bank manager from which he had requested a loan previously. Now I’m going to tell you a little bit about the bank and the different services they offer. Bank of America is the largest commercial bank in the USA and its headquarters are located in Charlotte, North Carolina. The size of a bank is measured in deposits, whereas if it were measured in highest assets, Citigroup would be the largest bank. According to the 2006 edition of Forbes Global, Bank of America is the third largest company in the whole world, boasting a net income of $5.84 billion in the second quarter of 2006. Bank of America offers many products and services ranging from checking and saving accounts, credit card, insurance (life, home, auto…), loans (home, vehicle…), investment services, just to name a few. It offers different types of checking accounts such as: “MyAccess Checking,” which has the monthly maintenance fee waived if opened online and no minimum balance. “CampusEdge Checking,” a free Student Checking account and an online only offer with no minimum balance required, and there is only a $25 initial deposit requirement.“Bank of America Advantage Checking,” which earns interest on your checking account's balance with special rate on CDs, IRAs, selected loans, and lines of credit; and receive almost every banking service for free or at special rates.“Small Business Checking Bundle,” which includes both Business and Personal checking accounts and no monthly maintenance fee when you have a qualified Check Card purchase each month or when a specified balance requirement is met (your personal MyAccess checking account is free with no minimum balance requirement). Bank of America offers two types of savings and two types of CD accounts, which are:“Select Money Market Savings,” which has tiered interest rates and no monthly maintenance fee if you link to your Advantage Checking or maintain a minimum daily balance of $5,000. “Regular Savings,” the most popular, have no monthly maintenance fee if you maintain a minimum $300 daily balance or make an automatic monthly transfer of $25 from your Bank of America checking account.“ High Yield CD” is used to maximize your savings without committing your money for a long period, includes $5,000 minimum to open, a locked 2.00% APY, and a short 12-month term.“Risk Free CD” offers the ability to withdraw funds prior to the maturity date without penalties, a minimum deposit of $5,000 and a short 9-month term, a rate you would typically expect from a CD, and you can invest up to $500,000 in one or more Risk Free CD's. Bank of America offers a wide variety of credit cards including but not limited to Shopping Rewards, Golf, Military, Personal Interest, Student, Health & Social Causes, and Flexible Rewards. Each type of card have different credit line and a ranging APR.Bank of America also offers IRAs (Individual Retirement Accounts), which give you tax advantages for long-term retirement savings. The sooner you start contributing to an IRA and the longer you let your money grow, the more you benefit.IRAs come in different options with different rates:“High Yield CD IRA” has a 12-month term with a locked 2.60% APY, there is a requirement of $2,000 minimum to open; it combines the guaranteed return of a CD with the tax advantages of an IRA from Bank of America.“Risk Free CD IRA” has a 9-month term with penalty-free withdrawals permitted prior to maturity, and there is a $2,000 minimum to open.“Fixed Term CD IRA” has terms from 6 months to 10 years, with tiered rates: the higher your balance, the more you earn and a $3,000 minimum to open. APY varies from 1.00% - 3.01%.“Variable Rate CD IRA” has terms from 18 to 23 months; rates can change at any time and you can make deposits at any time without extending the term, minimum to open is $100 with 1.35% APY.“Money Market IRA” is a $100 minimum to open and you can make deposits at any time, the greater your balance, the higher the dividends you earn. Bank of America also offers different types of loans such as mortgage loan with fixed rate (the interest rate is set for the term of the loan), adjustable rate (low interest rate for an initial payment period with an adjustable-rate mortgage), Interest only rate (Interest-only loans have an initial time frame in which only interest is paid, followed by a period of time in which the payment goes up in order to pay down the loan's balance) and other options loan such as flexible mortgage loans, specialized profession loans, and combo loans. But beside mortgage loan Bank of America offers a straight forward mortgage refinance process, which can help you determine your home‘s estimated value, check rates, payments, costs and more. Bank of America also offers loans for things such as automobiles, RVs, boats, and aircraft. Each of those loans has different APR and interest depending on factors such as the loan type, loan amount, the length of time, and the borrower credit history, and you have to meet certain requirements and conditions. For example for an auto loan there’s a minimum and maximum amount financed, a certain mileage, loan-to-value (LTV), and model year restrictions; loan approval voucher, which is only valid for one vehicle per transaction, for dealer purchases, vehicles can't be more than five years old, for private party, refinance and lease buyouts, vehicles can't be over seven years old, no commercial vehicles, no vehicles for business use, no conversion or delivery vehicles, gray market, or lemon law vehicles, no salvaged, rebuilt, or branded title vehicles, no Motorcycles, no Isuzu or Saab vehicles, no Independent Dealer Purchases. Bank of America also offers services for investing and wealth management such as “Self-Directed Investing,” which let you invest independently, with an online equity trades as low as $0, with powerful investment tools and services, and in-depth research, and comprehensive investment choices including stocks, mutual funds (13,000+), ETFs, bonds, you can access all your banking and investing accounts on one page with a single log-in. The “Full-Service Investing,” which allow you to work one-on-one with a financial advisor on personalized strategies for goals like retirement and college savings, it is recommended for clients with $100,000 or more in investable assets. The “Premier Banking & Investments” is a banking solutions from a client manager and investment solutions from a financial advisor, it is a guidance tailored to your complete financial picture and is recommended for clients with $250,000 or more in designated deposit and investment accounts with Bank of America, N.A. and its affiliates. The “U.S. Trust, Private Wealth Management” allow you to partner with a dedicated advisor and team of specialists to give you better comprehensive capabilities in wealth planning and plan implementation, investment management, and credit and banking, with it’s fully customized solutions designed for you, your family, business and legacy; it is recommended for clients with $3 million or more in investable assets.Beside the services listed above, which are more for personal banking and financing, Bank of America also has services for small business and corporate business.Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 55 million consumer and small business relationships with more than 6,100 retail banking offices, more than 18,500 ATMs and award-winning online banking with nearly 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. References:http://phx.corporate-ir.net/phoenix.zhtml?c=71595&p=irol-homeprofilehttp://www.associatedcontent.com/article/1126641/the_history_of_bank_of_america_pg3.html?cat=37http://www.yourmoneydictionary.com/Bank_of_America.aspxhttps://www.bankofamerica.com/hub/index.action?template=productsandservices