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Frequently Asked Questions

Why is Bank of America closing branches?

Why is Bank of America closing down branches? The bank is permanently and temporarily closing down branches around the U.S., largely due to the ongoing COVID-19 pandemic and staff shortages. Staff...

Is Bank of America safe?

Yes, all Bank of America bank accounts are FDIC insured (FDIC #3510) up to $250,000 per depositor, for each account ownership category, in the event of a bank failure. Is Bank of America safe? Bank of America employs the latest encryption technology and other security measures to protect its customers.


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