To access the BOA Online Banking website, surf over to www.bankofamerica.com/onlinebanking.
The first time that you browse to www.bankofamerica.com/onlinebanking, you will be required to choose your state of domicile. The website to which you will be directed differs slightly based on your state choice. Once you are on the BOA Online Banking site, there are many things you can do. If this is your first visit to the site, the first thing to do would be to enroll your Bank of America account so that you can access all the online banking services. You can enroll a variety of BOA accounts, including checking, credit card, mortgage and vehicle loan accounts. To enroll, you need to provide your account number, the last 4 digits of your Social Security Number, and your email address. To complete the enrollment, you also need to consent to the Service Agreement, and the Electronic Communications Disclosure by checking a couple of check boxes. Once completing the enrollment, you will then be able to access the various services available to you on the Bank of America Online Banking website.
A basic task that you are able to perform through online banking is to check your account balance, and view the past 12 months of transaction activity, as well as any pending transactions. You can also download up to 18 months of monthly statements as pdf files for your records. The site also allows you to set up banking email alerts so that you are on top of all account changes. For example, you can have your daily checking account balance emailed to you, so that you will not overdraft your account. You can also ask the system to email you an alert if there is an abnormally large transaction, or when an important check clears.
In addition to receiving information about your account, you are also able to initiate transactions at the Online Banking web site. You can make immediate transfers between your various Bank of America accounts. For example, you can transfer money from your BOA checking to your BOA mortgage account immediately to pay your monthly mortgage. You can also set up transfers to other banks and financial institutions. However, these transfers are made from the ACH network, and may take 2-3 days to clear, unlike internal BOA transfers which clear immediately. Lastly, you can also pay your bills through the site. You will need your paper bill so that you can enter your account number and Pay To account information to set up online bill pay.
And finally, the best thing about using the BOA Online Banking site is that Bank of America offers an Online Banking Security Guarantee, which guarantees that you incur no liability from any unauthorized transaction arising from the Online Banking web site, including the Bill Payment service. This guarantee is contingent upon your following certain common-sense precautions, such as safeguarding your login and password, reviewing your monthly statements, and not leaving a computer unattended in the middle of an Online Banking session. So if you are interested in the BOA Online Banking website, go on over to http://www.bankofamerica.com/onlinebanking.