Welcome to EverybodyWiki 😃 ! Nuvola apps kgpg.png Log in or ➕👤 create an account to improve, watchlist or create an article like a 🏭 company page or a 👨👩 bio (yours ?)...

Bank of America Canada

From EverybodyWiki Bios & Wiki


Bank of America Canada (French: Banque d'Amérique du Canada), was a wholly owned U.S. bank subsidiary, headquartered in Toronto, Ontario, Canada. It was a Schedule II bank under the Canada Bank Act to accept deposits which may be eligible for deposit insurance provided by the Canada Deposit Insurance Corporation.

In 2001, Bank of America Canada re-established itself as a branch[citation needed] of Bank of America, N.A. of Charlotte, NC. Canada's revised Bank Act had created a new schedule, Schedule III, for banks that are foreign bank branches of foreign institutions that have been authorized under the Bank Act to conduct commercial operations deemed banking in Canada. These branches have certain restrictions under Canadian law.

Membership[edit]

Bank of America Canada is a member of the Canadian Bankers Association and Canadian Payments Association.

External links[edit]


This article "Bank of America Canada" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Bank of America Canada. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.