News Release

Now It Is Even Easier To Bank From Your Verizon Wireless Phone With Mobile Banking From Bank Of America

Redesign of Mobile Web 2.0 Makes It Easier for Wireless Customers to Manage Their Finances While On-the-Go

August 12, 2007

Jeffrey Nelson
Jeffrey.Nelson@VerizonWireless.com
908-559-7519Betty Riess
Bank of America
Betty.Riess@bankofamerica.com
415-622-6397

BASKING RIDGE, NJ, and CHARLOTTE, NC — Verizon Wireless, the leading wireless company with the most reliable wireless voice and data network, and Bank of America, the nation's leader in online banking, today announced that Verizon Wireless customers now have easier access to mobile banking services with the latest redesign of Verizon Wireless' Mobile Web 2.0SM service. Customers can now access the Bank of America mobile site from within the Mobile Web 2.0 service more quickly.

Verizon Wireless customers can find Bank of America in the new Money category under More in Mobile Web 2.0. Customers log on with their Online Banking ID and passcode to access their accounts. With Bank of America on Mobile Web 2.0, customers are able to check account balances, view transactions, pay bills, and transfer money between accounts and to other Bank of America customers. Customers can locate Bank of America ATMs and Banking Centers, view location hours and get directions from their Verizon Wireless phones.

Mobile Web 2.0 can be self-provisioned, eliminating the need for customers to call customer service or visit a Verizon Wireless Communications Store to sign up for the service. Verizon Wireless customers with Mobile Web 2.0-capable handsets automatically view the new redesigned portal when they navigate to Mobile Web 2.0. Customers simply register for the service on their Mobile Web 2.0-capable handsets by visiting the News and Info category under the Get It Now® menu on their phones.

Mobile Web 2.0 is available for $5.00 monthly access, plus airtime, if purchased as a standalone service from the phone, or as a part of the V CAST VPak, which also includes unlimited basic V CAST Video clips and access to ESPN MVP for $15.00 monthly access. Subscribers to the V CAST VPak do not incur airtime charges when using V CAST Video or Music, Mobile Web 2.0 or Get It Now applications.

For more information about Mobile Web 2.0 from Verizon Wireless, visit www.verizonwireless.com/mobileweb.  

About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 62.1 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 67,000 employees nationwide. The company is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.  

About Online Banking
Bank of America is a leading provider of online financial services, and its online site, www.bankofamerica.com, has received widespread recognition. Bank of America has the most online bankers in the world, according to Financial Insights. The site is among the top 50 of all U.S.-based Internet properties in terms of unique visitors monthly, and No. 1 among business and finance sites, according to comScore Media Metrix. Bank of America has ranked No. 1 in Javelin Strategy & Research's safety scorecard three years in a row. BusinessWeek called the SiteKey™ security service one of the best products of 2005. Bank of America won the Webby Award and Webby People's Choice Award in 2006 in the online banking/bill pay category. Global Finance magazine named bankofamerica.com the best consumer online banking site in the U.S. and ranked the bank No. 1 for its online investment management services, bill payment and presentment, information security initiatives and integrated consumer bank site. In 2006, Nielsen/NetRatings said Bank of America is the top online full-service bank destination in terms of audience, page views and active reach on the site.

About Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving 57 million consumer and small business relationships with more than 5,700 retail banking offices, more than 17,000 ATMs and award-winning online banking with more than 22 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

www.bankofamerica.com

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