As you can see this looks like a legit web page on Bank of America, however you may notice the address bar says "file:///C:" so you are still on your computer, not any website, yet. Clicking on the Reactivate Now link opens up a real web page.
This looks safe right? Wrong! this is a copy of the real site hosted on a Polish domain. Just because a site looks real, does not mean it is. All they want you to do is blindly accept this and give them your account name and password. You can imagine what happens next.
From: "BankofAmerica Alert" noreply@alert.net
Subject: Your Account Has Been Closed.
Read The Attached Document And Reactivate Your Account Immediately.
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