Published at Cryptalker.
Bank of America is the second-largest bank in the US and one of the most US-friendly bitcoin banks. The customers of these bank claim that it is easy to make bitcoin payments and there are not restrictions. You can deposit and cash out large sums over $20K and never have issues. Many bitcoin exchanges have been collaborating with the BoA for bank transfers when buying/selling bitcoin. Bank of America was even reviewing its bitcoin policy to allow customers to buy bitcoin with credit cards.
However, the bank has recently stopped allowing deals with Bitcoins using Bank-issued credit cards and lines of credit. Depositors can still use their debit cards or bank transfers for purchases, though. And clients who still have investments in the Bitcoins Investment Trust can keep those. While those clients who have fee-based accounts will have to sell the holdings.