MBNA Ceases Credit Card Cheques

CHESTER, England, March 18, 2010 - MBNA has announced that from Wednesday, 31st March, it will stop issuing
all new promotional cheques, standard credit card cheques and replacement
cheques.

The decision is part of the company's commitment to new industry
standards of clarity, simplicity and transparency, highlighted most recently
by the government and UK card industry agreeing a set of new changes to the
rights of credit card customers.

Greg Reed, chief marketing officer for Bank of America Europe Card
Services, which operates the MBNA brand, said: "Credit card cheques are still
valued by some of our customers, however, we acknowledge that, increasingly,
the majority of our customers are choosing to access their accounts by other
means.

"Whilst it's true that new legislation will change the way credit card
cheques can be provided to customers, we have decided to go one step further
and remove them altogether.

"This strategic decision is part of a number of changes we will be making
over the coming months as we seek to offer better choice, added value and
simplicity for our customers."

Customers can access their credit facility by using their credit card,
making a balance transfer or money transfer online or over telephone or
withdrawing cash either at an ATM or over the counter.

Customers can order replacement cheques up to and including 31st March
and they will be sent within seven working days. However, the decision means
MBNA customers will no longer be able to order any new or replacement cheques
after 31st March.

Customers will still be able to use any cheques they already have or
order before 31st March.

Customers are being informed about the decision through their statements
in March and April, on MBNA's online banking areas, and through promotional
campaigns.

To transfer a balance or transfer money into a current account from 31st
March customers can call 0800-0969133 or visit www.mbna.co.uk

About MBNA Europe Bank

MBNA Europe is a wholly owned subsidiary of Bank of America Corporation
(NYSE: BAC) and is the recognized leader in affinity marketing. MBNA credit
cards and related products and services are endorsed by more than 5,000
organisations worldwide.

For more information, visit the company's website at
www.mbna.co.uk or Bank of America's website at
www.bankofamerica.com.

For further information, contact: Gary Jenkins, UK PR Manager, Bank of America Europe Card Services, Tel: +44(0)1244-574136, Mobile: +44(0)7825-721118, Fax: +44(0)1244-672468, Email: gary.jenkins at mbna.com