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Bank of America (BoA) is one of largest commercial bank in United States and one of the largest international bank. As a Schedule III banks in Canada, BoA Canada branch have certain restrictions of commercial banking business approved under the Banking Act. BoA provide a wide range of corporate banking and treasury management services across Canada including: short-term borrowing, trade finance, short term investing, treasury management, and foreign exchange solutions.

The bank's coverage specialists and product professionals work together to leverage BoA's global strength to meet clients' comprehensive needs including working capital needs, treasury management, trade finance & solutions, capital raising, risk management, forex and fixed income. With a global network of over 300 intermediaries and counterparties, BoA offer access to a wide range of investment products and solutions backed by reliable, unbiased and consistent advice.

Bank of America Canada committed to develop and deliver the most innovative products, manage customer experience, deliver quality service that contribute to brand strength, develop a competitive advantage and enhance profitability, thus providing value to the stakeholders of the bank.

Unlike the Schedule I and Schedule II banks, as a Schedule III bank, Bank of America (Canada branch) are NOT incorporated under the Bank Act and therefore operate in Canada under other government-mandated restrictions. Schedule III banks usually operate within the country's largest cities (being Toronto, Montreal, Calgary and Vancouver), under certain restrictions mentioned in the Act. As of October 2010, there were 23 such banks in Canada.

In Canada, the Office of the Superintendent of Financial Institutions (OSFI) is responsible for administering a number of federal statutes, including the Bank Act and the Trust and Loan Companies Act, the statutes applicable to the regulation of banks and federal trust and loan companies.