Bank of America refers to very well-known multinational investment bank and its main headquarters are located at Charlotte, North Carolina. The bank was formed through NationBank’s acquisition of BankAmerica in 1998. It is termed as one of the Big Four banking institutions of United States. It services around 10.73% of the American bank deposits and has been competing with JPMorgan Chase, Citigroup and Wells Fargo. The primary financial services of this bank are involved around commercial banking, wealth management and investment banking.
The bank has around $313.5 billion market capitalization since August 2018 and this makes it the 13th largest company in the world. It has been able to gain around $102.98 billion sales since June 2018. It was ranked in the 25th position at the 2020 Fortune 500 rankings of the biggest US corporations by total revenue. It was ranked in the 8th position at the 2020 Global 2000 rankings by Forbes. Bank of America has been named as the ‘World’s Best Bank’ by Euromoney Institutional Investor in the 2018 Awards for Excellence.
Bank of America has a huge share in the market and unfortunately, its business activities and economic impact has led to many lawsuits and investigations related to mortgages and financial disclosures dating back to the financial crisis of 2008.
Despite having many people as its valuable customers, the services of the Bank of America faces a lot of occasional errors for certain reasons. One of them is the Error Code 412. Net banking has made banking more easier for us because things are just one click away from us. But users have faced the Error Code 412 when they try to get any information related to their account. Users said that when they tried to enquire about their account balance and the bank statement regarding their transactions, they were unable to get any information and the Error 412 popped up saying that the bank is facing technical difficulties. Other users said that when they tried to make any transaction online, the process failed because of the Error 412. Well, if you are experiencing the same, you can try these steps to fix the issue by yourself –
- Try another browser to make the transaction or get your account statement.
- Check if your account has been blocked by the bank for some reason.
- Contact the Bank of America customer care at 001315-724-4022.