# Who does Bank of America pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/bank-of-america · Facet: suppliers · Updated: 2026-09-11T18:43:29.443835+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Bank of America's confirmed suppliers/cost counterparties include Visa Inc, Mastercard Inc, Workday, Inc. plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 5 cost edges, backed by 5 dated sources, 1 of them primary filings (as of 2026-09-11).

### 예금 이자비용 (high)
- note: Interest paid on deposits and borrowings (the paid side of NII); its low-yield HTM book (~$568B) carries large unrealized losses.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-25) https://www.sec.gov/Archives/edgar/data/70858/000007085826000157/bac-20251231.htm: "Held-to-maturity securities and interest expense disclosures."

### 임직원 보상 (high)
- note: Employee compensation and benefits, the largest noninterest expense.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-25) https://www.sec.gov/Archives/edgar/data/70858/000007085826000157/bac-20251231.htm: "Compensation and benefits is the largest noninterest expense."

### Visa Inc (mid)  → /visa.md
- note: 5th-largest US card issuer (the top five account for 69% of card spending). Issues Visa-network cards, paying Visa network/assessment fees.
- [confirms] Nilson Report (EN, research, published 2025-05-01) https://nilsonreport.com/articles/top-50-us-visa-and-mastercard-credit-card-issuers-2024/: "Bank of America rounded out the top five US credit card issuers."
- [confirms] Nilson Report (EN, news, published 2025-03-06) https://www.globenewswire.com/news-release/2025/03/06/3038338/0/en/JP-Morgan-Tops-Nilson-Report-Ranking-of-US-Credit-Card-Issuers.html: "The 5 largest issuers accounted for 69.1% of all spending on credit cards in 2024 (Chase, Amex, Citi, Capital One, Bank of America)."

### Mastercard Inc (mid)  → /mastercard.md
- note: A top-five issuer of both Visa- and Mastercard-network cards, paying Mastercard assessment fees.
- [confirms] Nilson Report (EN, research, published 2025-05-01) https://nilsonreport.com/articles/top-50-us-visa-and-mastercard-credit-card-issuers-2024/: "BofA ranks among the top-5 US Visa/Mastercard credit card issuers."

### 워크데이 (mid)  → /workday.md
- note: A Workday HCM customer, confirmed by a 2016 GlobeNewswire release and still listed on Workday's current newsroom customer list. Neither source discloses a contract value.
- [confirms] Workday (EN, ir, published 2026-09-05) https://newsroom.workday.com/company-overview-customer-facts: ""Workday Human Capital Management customers include: Bank of America, Bayer AG, Carrefour ..." (No explicit publish date; date reflects access date.)"
- [confirms] GlobeNewswire (Workday press release) (EN, news, published 2016-02-29) https://www.globenewswire.com/news-release/2016/02/29/1270923/0/en/Industry-Leaders-Continue-to-Select-and-Deploy-Workday.html: "Bank of America, one of the largest banks in the U.S. and globally, recently went live on Workday HCM."

Reverse side: https://valuechain.wiki/bank-of-america/customers.md · Ripple: https://valuechain.wiki/bank-of-america/ripple.md

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Full node: https://valuechain.wiki/bank-of-america.md · JSON: https://valuechain.wiki/bank-of-america.json