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Home » Best Banks of the World » Consumer Bank

World Best Consumer Bank

Consumer bank is an institution which accepts, deposits, makes personal loans and offers other related services. To get an idea about World best consumer bank you have compare features like interest rates, convenience, FDIC membership and minimum deposit. You should also compare services like direct deposit, ATMs, online banking, debit cards and credit cards. The Global Finance magazine has marked Bank Of America as the World best consumer bank. The magazine has also marked Bank Of America as the “World's Best Internet Banks”. There are certain criteria on which the magazine has marked Bank Of America as the best consumer bank of the world.

Bank Of America is the leading online banking site with 13.8 million active online banking customers, 6.7 million pay customers and more than 1.5 billion visits the site of bankofamerica.com annually. Bank Of America was the first major financial services company to provide an additional level of security to prevent fraud. Sitekey is part of an umbrella of security measures that include a zero liability guarantee that protects customers from fraud losses, two-tired authentication for fund transfers and the capaility for customers to stop receiving paper statements to reduce risks associated with sending sensitive information through mail. The bank has 5.7 million active online customers which is the largest number in the industry. This makes Bank Of America the World best consumer bank.

The other important points that is taken into consideration while nominating Bank Of America as the World best consumer bank are:
    durability of stretegies and policies for attracting and servicing online customers huge success in getting clients to use Web Site offerings Online base growth Breadth of product offerings evidence of real benefits gained from Internet initiatives excellent web site design and functionality


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