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Bank of America offer a range of brokerage accounts to customers. One can open an investment account and make trades with Merrill Lynch or use MLPF&S which is a broker-dealer and subsidiary of Bank of America.
Some of the types of accounts Bank of America offers its customers are:Checking/Current accountSavings accountsInternet/Mobile BankingATM CardsCheck BooksDeposit AccountsLoansCredit Cards etc.
Bank of America uses a nine digit number for their bank accounts. Each person has their own account and has different numbers.
There are several banks that offer merchant credit card accounts. These banks include TD Bank, PNC Bank, Merchants Bank, Bluepay, and Bank of America.
Bank of America does not offer savings accounts especially for Christmas gifts, but you are free to open as many accounts as you would like and you can name them accordingly.