Bank of America has deposited $5.8 billion through Expedited Account Opening Service with additional commitments from clients total $8.6 billion.
Delivering Expedited Account Opening Service Bank of America met the increasing clients need for rapid access to their funds with the opportunity to open business money market accounts in 60 minutes. Such service along with the creation of Global Liquidity Solutions organisation offer liquidity investment applications for commercial, government and municipal clients.
The package offered by Global Liquidity Solutions within Bank of America’s Client Management Process covers interest-bearing and non-interest-bearing deposits, short-term fixed-income securities, money market mutual funds, online investment portal access, asset management products offered by Columbia Management, and other liquidity options.
A delivery model that provides our market-leading solutions in a truly integrated way enables us to be more responsive to our clients’ needs, builds on our past momentum and accelerates growth, says Cathy Bessant, president of global product solutions, Bank of America.
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