Real Time Payments (RTP®) - Instant Payments via RTP Network with Bank of America

Transcript for Global Real-Time Payments Hub page animation

Scene description: Super close-up of slowly rotating earth globe appears

Scene description: Image reduces in size until entire globe is visible

Text on screen:

Improve your payment processes with RTP

Scene description: Globe is encircled by four quadrants, each in a different color

Text on screen:

Quadrants are titled: Speed, Data, Certainty and 24 x 7 x 365

Text on screen:

The words “Frictionless Digital Ecosystem” appear over the center of the globe.

Each of the four colored quadrants has explanatory text nearby.

Speed: Transfer funds in seconds with immediate local funds availability

Data: Payments and related information matched throughout the transaction

Certainty: Irreversible and irrefutable funds transfer with immediate notification removes doubt for both parties

24 x 7 x 365: Steady flow of transactions and messages around the clock in a mobile-friendly format

Scene description: The explanatory text and the quadrants disappear, leaving the globe which fades and

shrinks to a small blue circle with a white numeral 1 inside. A bubble appears above the small blue circle

showing icons representing a laptop computer and a mobile phone. A new page heading appears: “How Global

Real-Time Payments Works,” and remains on the screen for the remainder of the video.

Text on screen:

Initiate

Client Initiates Real-Time Payment in local currency using recipient’s account number

Scene description: A thin red arrow extends from the #1 blue circle and moves to the right until it intersects

with a blue circle with the numeral 2 inside. A bubble appears above the blue circle with an arrow symbol,

pointing to the right.

Text on screen:

Send

Sending Financial Institution Sends payment over RTP Network

Scene description: A thin red arrow extends from the #2 blue circle and moves to the right until it intersects

with a blue circle with the numeral 3 inside. A bubble appears above the blue circle with a dual-arrow symbol,

pointing to the left and the right.

Text on screen:

Transfer

Receiving Financial Institution Receives payment via RTP Network and transfers funds to recipient account

Scene description: A thin red arrow extends from the #3 blue circle and moves to the right until it intersects

with a blue circle with the numeral 4 inside. A bubble appears above the blue circle with a symbol indicating

the movement of funds.

Text on screen:

Notification

Recipient Receives notification of completed funds transfer

Scene description: A thin red arrow extends from the #4 blue circle and moves to the right until it intersects

with a blue circle with the numeral 5 inside. A bubble appears above the blue circle with a symbol representing

recipients and security.

Text on screen:

Funds received

Recipient Authenticates identity to view payment details

Scene description: A thin red arrow extends from the #5 blue circle and moves to the right. A final image

appears showing the entire sequence of five “actions.” The page heading “How Global Real-Time Payments

Works” remains above the sequence of five images and their accompanying text.

Text on screen:

“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.

Investment products offered by Investment Banking Affiliates:

Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed