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 Merrill Lynch International Limited operates as a branch of Bank of America Merrill Lynch International Limited (United Kingdom).
Bank of America Merrill Lynch International Limited participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 75 000 GBP per bank per depositor.
Bank of America Merrill Lynch International Limited is located in Amsterdam.
|Address||Amstelplein 1, 1096 HA, Amsterdam, Netherlands|
|Headquarters||Bank of America Merrill Lynch International Limited (United Kingdom)|
|Bank Category||Branches of foreign banks|
|Start Date||October 2015|
|Deposit Guarantee||Yes (up to 75 000 GBP per depositor)|
|European Presence||13 banks in 11 countries|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All branches of EEA-banks operating in the Netherlands participate in deposit guarantee schemes of their home countries. This means that Bank of America Merrill Lynch International Limited participates in the deposit guarantee scheme of the United Kingdom.
In the case of Bank of America Merrill Lynch International Limited failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, small companies|
|Maximum Protected Amount||75 000 GBP|
|Paid In Currency||GBP|
Further Information: Deposit Guarantee Scheme in the United Kingdom
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
|Subject to MRR by ECB||Yes|
|Exempt from MRR by ECB||No|
Any bank can be identified for different purposes and hence can have several different identifiers.
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 Merrill Lynch International Limited and its components are shown in the table below.
|Bank BIC Code||BOFA|
|Country Code||NL (Netherlands)|
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 Merrill Lynch International Limited is shown in the table below.