Bank of America Canada
Bank of America Canada was a wholly owned US bank subsidiary, headquartered in Toronto, Canada. It was a Schedule II bank under the Bank Act to accept deposits, which may be eligible for deposit insurance provided by the Canada Deposit and Insurance Corporation.
In 2001, Bank of America Canada re-established itself as a branch of
Bank of America, N.A.of Charlotte, NC. Canada's Bank Act 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 do banking business in Canada. These branches have certain restrictions.
Bank of America, N.A. (Canada Branch) is a member of the
Canadian Bankers Associationand [http://www.cdnpay.ca/home/home.asp Canadian Payments Association] .
* [http://www.bankofamerica.com Bank of America]
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