Bank of American is getting ready to open its first online branch in the United States, the company said Friday.
The company’s decision comes just a week after Bank of New York Mellon said it was opening its first branch in New York City.
The Bank of Americas announced its plans for its first U.S. office in August, but has not yet officially opened its doors.
The bank said it would be “open and operational in our first full year.”
The announcement comes after the U.K. and Switzerland both announced plans to open their own branches, which the bank said would be open to people of all ages.