Bank of America N.A. (formerly Bank of America, N.A., London Branch)

Bank of America is an American financial services and banking corporation. Bank of America provides a broad spectrum of services, including retail and private banking, asset management, corporate banking, investment banking and insurance. Bank of America N.A. operates as a branch of Bank of America Corporation (United States).

Bank Category

Branches of foreign banks

Bank of America N.A. is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is (P)Aa3 (high grade; provisional).

Bank of America N.A. participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85 000 GBP per bank per depositor.

Headquarters

Bank of America Corporation (United States)

Contacts

5 Canada Square, Canary Wharf, E14 5AQ, London, United Kingdom
20 7174 4000
20 7174 6400

Bank of America N.A. is located in London.

Bank Identifiers

BIC (SWIFT)
BOFAGB3SSWI
MFI ID
GB0387
Company Number
BR001358
Start Date
February 1931

Credit Ratings (as of May 2018)

Fitch Moody's
- (not rated) (P)Aa3 (high grade; provisional)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Bank of America N.A. is rated by Moody's.

Credit ratings assigned to Bank of America N.A. as of May 2018 are shown in details in the following sections.

Moody's

Long-term rating for Bank of America N.A. it is set to (P)Aa3 (high grade; provisional). Long-term bank deposit rating is (P)Aa3 (high grade; provisional). Baseline credit assessment is not set. Short-term rating is not assigned.

Long-Term Rating  (P)Aa3
Long-Term Bank Deposit Rating  (P)Aa3
Short-Term Rating  -
Outlook  no outlook

Outlook for the ratings of Bank of America N.A. is set to no outlook (an outlook has not been assigned to a rated entity).

Deposit Guarantee

Deposit Guarantee
Yes (up to 85 000 GBP per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in the United Kingdom are obliged to participate in the United Kingdom's deposit guarantee scheme.

In the case of Bank of America N.A. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, small companies
Covered Currencies  all
Maximum Protected Amount  85 000 GBP
Paid In Currency  GBP

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Bank of America N.A. and its components are shown in the table below.

BIC  BOFAGB3SSWI
Bank BIC Code  BOFA
Country Code  GB (United Kingdom)
Location Code  3S
Branch Code  SWI

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Bank of America N.A. is shown in the table below.

MFI ID  GB0387

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  BR001358

European Presence: 15 banks in 11 countries

Bank of America N.A. operates under the brand name Bank of America. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Belgium

Cayman Islands

France

Germany

Greece

Ireland

Italy

Netherlands

Spain

Switzerland

United Kingdom

Defunct Banks: 5 banks in 5 countries

The following banks operating under Bank of America brand name has been recently closed down:

Belgium

Ireland

Italy

Netherlands

Switzerland