Top 25 Bank of America Interview Questions and Answers in 2024

Editorial Team

Bank of America Interview Questions and Answers

The Bank of America, owned by the Bank of America Corporation, is one of the most prestigious banks worldwide. It is known for its secure and user-friendly online banking services and excellent customer service. If you have applied for a position in this bank, we have something for you.

We will look at some of the questions you should expect in your upcoming interview. Remember, you have to prepare adequately before facing an interview panel regardless of your experience level and resume. Since we are dedicated to helping you scale greater heights in your career, take a look at the following questions:

1. Why Are You Interested In Working With Us?

I am currently looking for an internship position and find the Bank of America the best place for such a program. It is one of the best banks in America, widely known for employing new graduates and helping them integrate into the banking world. I believe that this place will give me a chance to hone my skills, obtain career-lasting experience and meet several renowned bankers who will help me kickstart my career. I will work hard and give my all if given the opportunity.

2. What Do You Know About Us?

I grew up listening to adults mention your name. Afterward, I learned that you were one of the first banks in the USA to initiate VISA, known as BankAmericard, at the time. Out of curiosity, I looked you up and learned that you are headquartered in Charlotte, North Carolina, and were acquired by Merrill Launch in 2008. You are recognized worldwide for your amazing online banking service. At the moment, you boast of close to 5000 retail financial centers and north of 16000 ATMs in different locations.

3. Can You Handle Irritated Customers While Working Here?

I understand your love for this excellent customer service, which I believe is the cornerstone of any financial organization’s success. After ten years in the banking industry, I believe that I am well equipped to work with irritated customers. I will listen to the customer, give them a chance to vent out, show empathy while blaming no one and work hard to find a solution to their problems. I don’t also make false promises when dealing with customers or taking such interactions personally.

4. Tell Us About Your Experience

This is my eighth year in banking. I interned here after finishing college, a chance I am grateful about as it furnished me with career-lasting experience. After the internship, I moved to XYZ hedge fund management company, where I learned about investment banking. I have since worked for two other hedge fund management firms and, recently, one of the best investment banks in America. Over the years, I have obtained extensive experience in investment banking, hedge fund management, banking relations, and banking systems management. I am positive that I will get a chance to apply my experience in this establishment.

5. What Will Our Establishment Gain By Employing You?

As I mentioned, I have extensive experience in investment banking and banking relations, which I believe will come in handy in this establishment. I am a hardworking, diligent, and disciplined employee who will work extra hard to achieve the set targets and propel this bank to even greater heights. I know how to fit into team settings, motivate those around me to give their best, and inspire collaboration. This bank will also enjoy the services of a self-motivated employee.

6. How Good Are Your Communication Skills?

I am an excellent communicator, as seen from my previous experiences. I know how to interact with employees and customers, put across information, and use my words to motivate other employees. I can reach people and teams both in speech and writing, which sets me apart from most of my competitors. I believe that I will articulate myself clearly in this work and communicate well with your customers if given a chance.

7. What Is The Main Challenge That You Experienced In Your Former Role? How Did You Overcome It?

My former role taught me valuable lessons about investment banking, which I am grateful for. However, the biggest challenge was the workload. It was my first time working in a Fortune 500 company like this one, and therefore, I had lots of adjustments to make. I always had something to attend to, which was new to me in the first month of work.

I had to adjust quickly, organize myself and learn how to prioritize work well. I also got a mentor who walked with me every two of the way. Given that it was the first Fortune 500 company I worked for, I am confident that my experience prepared me for this role.

8. Mention The Best Strategy And Mindset Required For This Role?

I have tried several strategies in my work, given that this is my eighth year in this industry. However, none beats thoroughness and proper organization of work. Banking can be hectic, and without proper organization and thoroughness, one can make grave mistakes. A poor entry because of fatigue can mess up accounts and get people fired. As for the right mindset, one needs a productive and result-oriented one, given our job description. I am glad that I have managed to come this far.

9. What’s Your Preferred Work Culture?

I have experienced different working cultures, given my experiences in different establishments. However, I discovered that I enjoy working in companies that value teamwork. I love getting along with other employees and collaborating on projects. I prefer learning from one another and helping each other work on our weaknesses. I am glad that this bank greatly values teamwork and good employee relations.

10. How Will You Convince An Adamant Customer To Buy One Of Our Products?

Banking is not an easy fete. I have dealt with many adamant customers in my career and managed to convince a good number to try some of our products. When dealing with them, I usually ensure that I recommend products that may appeal to them after taking time to learn about their patterns, tastes, and preferences. I then dwell on the products’ pros, highlighting why they need them and offering credible information. After a few minutes of back and forth, some agree to try them out. I may even offer special discounts on products if allowed by the bank.

11. What Motivates You In This Job?

My motivation mostly comes from my passion for accounting. I loved Mathematics and Business Studies in high school and automatically knew that I would be a good accountant. I felt a rush of joy anytime I balanced accounts or solved a difficult counting problem. I am therefore always looking forward to the next day to solve more accounting problems and help customers on their banking journeys. I am also result-oriented, and the knowledge that we all depend on each other’s success gives me the urge to press on.

12. Why Do You Believe That You Are The Most Suited Candidate For This Job?

I have worked in several Fortune 500 companies like this one in my career, which has taught me the ins and outs of companies of your caliber. I have got accustomed to the occasional and, at times, constant huge workload, high working standards, and excessive degrees of thoroughness, which I will handle well. I also know how to collaborate on different projects and get along well with other employees, which convinces me that I will be a good fit for this company. I am confident that I will succeed given a chance.

13. Your Resume Shows That You Have Worked In The Loans Sections Of Different Banks. Can You Tell Us About Some Tell-Tale Signs That A Customer May Not Be Reliable If Given A Loan?

While working in the loan department of my former bank, I learned always to approve responsible loans. I, therefore, checked an applicant’s general credit and credit default histories, credit card usage and debt-to-income ratios. I found out that customers with a higher credit card utilization were more predisposed to defaulting loans. The same applied to customers with poor payment histories and lower income-to-debt ratios.

14. We Are Known For Our Amazing Mobile Banking Services. Do You Think That It Has Influenced How We Interact With Our Clients?

Mobile banking revolutionized banking, similar to every other technological advancement in recent years. It has changed how you interact with your clients. They don’t have to come to the bank or incessantly call for simple tasks such as depositing checks, checking their balances, and approving transactions. It has made your customer’s work easy, which has improved your relations.

15. What Will You Do To Ensure That Customers Understand Challenging Financial Concepts?

I have discovered that it is important to explain things in simple terms when dealing with customers. I normally avoid jargon when talking to clients about their accounts or different concepts unless I am convinced that they have adequate financial literacy. However, if the customer still finds it hard to understand, I will strive to make my explanations more relatable by using an example of a visual interpretation. I am glad that it has always worked.

16. What Would You Do If You Discover That A Customer’s Accounts Are Frozen?

Banking situations should be handled with high levels of respect and discretion. To avoid embarrassing customers, I normally ask them to move with me to a different computer away from the line of customers or find a place where I can relay bad news regarding their accounts. Our clients require high levels of privacy, which I am always ready to offer. Such matters will be dealt with at discretion, saving them the embarrassment and ensuring a happy solution.

17. Do You Believe That Technological Advancement Has Revolutionized The Banking Industry?

Yes. Technology has revolutionized all industries. At the moment, customers can access baking services from all over the world thanks to mobile banking services. One doesn’t have to be in the US to authorize or stop a transaction. The rise of automated teller machines has also ensured that people can access their money whenever they like, given the right types of accounts. We can also serve customers better thanks to the ever-changing banking software. Tech has made work easier for the clients and us.

18. Do You Have An Account With Us?

Yes. I have been baking with Bank of America for seven years without regrets. I have a checking account for my short-term purchases. I can access the money whenever I want, which comes in handy during emergencies. I also have a savings account, where I stack some money for my long-term goals. I am happy with your interest rates and investment advice. I am sure of a long-term relationship with this bank regardless of today’s results.

19. Do You Think We Are Better Than Our Competitors?

Absolutely. You have invested in mobile banking, an invention that greatly revolutionized the banking sector. You are known as one of the best banks worldwide regarding mobile banking. This establishment also has an automatic savings program, allows easy access to physical branches, and has debit card shopping rewards, which I have immensely enjoyed ever since I opened my account with you. I am glad about our relationship.

20. Can You Mention Some Of Our Services?

I took some time to research more about this institution ahead of my interview. I am also an ardent customer here and know quite a bit about your services. You offer different types of accounts, such as checking and savings, which have changed the lives of Americans. You also give loans to small and large-scale businesses and offer student banking, auto loans, and home loans. I am currently enjoying four of your services and will be signing up for more soon.

21. Would You Advise A Student To Open An Account With Us?

Absolutely. I had an account here during my college days. This bank has a good student baking service that has helped several students go through their education and easily transition into adulthood and their career life after school. Your baking account serves all students but is particularly helpful to those in colleges outside their states of residence. They have low opening deposits since they serve demography with low cash. All students enjoy the zero monthly maintenance fee requirement.

22. How Would You Deal With An Angry Customer?

I normally treat all customers with respect. People are always extra careful with money, and therefore it is understandable if they get angry for different reasons. I have learned that the best way of dealing with an angry customer is to give them a listening ear and let them rant instead of agitating them further. I normally let them vent out and, without blaming anyone, offer my apologies and strive to find solutions to whatever is troubling them. I may also involve my supervisor or the bank manager if the issue is beyond my control. I am glad that I have successfully dealt with many such clients before.

23. You Have Mentioned That You Enjoy How Our Automatic Savings Program. Can You Shed More Light On It And Tell Us How It Works?

Your auto savings program is convenient and rounds off every debit card purchase to the nearest dollar before depositing it into the debit card linked to the savings account. Therefore, account-holders will automatically save money from their debit card purchases, which is highly commendable. I am glad that I have had your debit card for some time and therefore enjoyed this program.

24. What Do You Know About Our Checking Accounts?

I have been your customer for quite some time and therefore owned a checking account. This bank offers two types of personal checking accounts: Bank of America Interest Checking and Bank of America Core Checking Accounts. It is outstanding that both have free online banking, bill payment, and mobile and text banking. One is also entitled to a debit card for both, which comes with a $0 liability guarantee. These personal accounts enjoy fraud monitoring, and any fraudulent charges are credited back at the beginning of the next business day.

25. Mention A Time That You Failed In This Role And The Lesson You Learned

We learn from our mistakes, and I have had my fair share of lessons in my career. I once failed to approve a customer’s loan request on time, which saw him personally come to the establishment angry. I had lots of things to attend to and got so occupied that I forgot that I had n urgent request on my desk. I didn’t get heavily reprimanded since I was still relatively new to my role. However, this experience taught me the importance of prioritizing work. I am glad that such an occurrence has never happened again in my career.


We have covered some of the most common questions in Bank of America interviews. Ensure that you work on behavioral and technical questions to increase your chances of landing the job you are interviewing for. We wish you all the best in your upcoming interview.