Bank of America, also known as Bank of America Corporation in full, is one of the biggest banking and financial services corporations in United States. The bank was established as a result of the acquisition of BankAmerica by NationsBank in 1998. The headquarters of the Bank of America are located at Charlotte, North Carolina. Its history dates back to 1904 when Amadeo Peter Giannini opened Bank of Italy at San Francisco. It later developed into Bank of America and at a point of time, it was also owned by Giannini’s holding company known as Transamerica Corporation.
Bank of America initially issued their first bank credit card called BankAmeriCard in the year 1958. It was a universal credit card and people could use it at different establishments and was introduced by Diner’s Club, Inc., in 1950. The BankAmerica Corporation was organized at Delaware in the year 1968 as a holding company for Bank of America NT & SA and other financial subsidiaries. The most significant acquisition of BankAmerica was the 1983 purchase of Washington state bank Seafirst Corporation and this was the largest U.S. interstate bank merger at that time.
Today, Bank of America is a very large and successful financial institution and has millions of customers. Bank of America offers online as well as offline banking services.
Still, the online services of the bank suffers from certain occasional issues. One of them is the problem of receiving authorization code by the customer. In terms of net banking registration and other online transactions, authorization code plays an important role because it verifies that the actual account holder is using the account instead of someone else. Overall, the authorization code is the security of the bank. But the customers of Bank of America said that they have been unable to receive the authorization code after requesting for it. A few others said that they have attempted to get the code for multiple times but still they didn’t receive it. Others said that the authorization code was received hours later after the timer to enter the code runs out.
There has been no official statement from the Bank of America on this issue and neither they have suggested a resolution for it. Well, if you are experiencing the same issue, you can follow these steps to fix the problem by yourself –
- Check if your mobile number is registered with the bank.
- Contact the customer care and ensure if there is some bank server issue going on.
- Contact with the bank authorities and check if your account has been blocked for some reason.
- Refresh the page of the bank portal and request for an authorization code again.