crypto friendly bank
Bank of America
Headquarters: Charlotte, United States • Founded: 1912
About Bank of America
Bank of America is ranked #6 in the list of largest global banks by assets under management. It serves retail and corporate clients worldwide, offering standard commercial banking, wealth management, and capital markets access. Regarding digital assets, its stance is crypto-friendly, offering integrations with major exchanges and custodians.
Regulations & Trust Profile
Banking License Type
national bank charter
Licensed/Regulated By
OCC, FED, FDIC
MiCA Compliant (EU)
No / N/A
Deposit Insurance
FDIC (up to $250,000)
Supported Services & Assets
Fees & Pricing
Account Monthly Fee
$10/mo
Crypto Trading Fee
1.5%
Wire Transfer Fee
$15
Crypto Withdrawal Fee
$5
Pricing Notes: Crypto services may require external account linking.
Pros
- Huge liquidity
- Global network
- FDIC/local deposit protection
Cons
- Rigid traditional structure
- No direct custody of crypto assets
Frequently Asked Questions
Is Bank of America safe for crypto?
Is Bank of America FDIC insured?
Yes, standard cash deposits are insured under the FDIC scheme up to $250,000 or local equivalents. However, government deposit insurance schemes do not cover cryptocurrency holdings.
Does Bank of America support business accounts?
Yes, Bank of America supports corporate and business accounts. Startup and business verification is subject to standard AML and company registration checks.
What countries does Bank of America operate in?
Bank of America operates primarily in United States, and supports international clients from US.
What are Bank of America's crypto fees?
Monthly account fees are $10. Crypto trading fees are 1.5%.
Can I send crypto directly from Bank of America?
No, Bank of America only supports fiat bank transfers and does not support on-chain cryptocurrency withdrawals.