Bank of America is set to close accounts deemed 'abandoned' starting April, impacting millions. Accounts inactive for three years face closure, aligning with state escheatment laws. Customers must act ...

Bank of America, one of the leading financial institutions ... that could affect many of its customers. The bank plans to close accounts deemed “abandoned”, a move that underscores the ...

Getty Bank of America customers are subject to having their accounts closed and losing access to their funds, but this is not a new practice. The bank has previously confirmed that it can and will ...

Bank of America customers across the country could ... The financial institution has confirmed it will close accounts deemed inactive under state escheatment laws—a move that could affect ...

If you’re a Bank of America customer, here’s something you might want to be aware of. The financial institution has announced that it will close some accounts if account holders don’t take ...

Escheatment is the process by which a financial institution must report and remit any abandoned or unclaimed property for safekeeping, Bank of America says. Depending on the state, certain laws are in ...

NEW YORK (PIX11) — Is Bank of America closing bank accounts? Yes, but it isn’t a new practice. A spokesperson for Bank of America refuted claims that the company is making new moves to close ...

If you’re not actively using your Bank of America account, there may be a chance it’s at risk of being closed. While this might be concerning, there are specific steps you can take to keep ...

To prevent account closure, Bank of America advises customers to take proactive steps to ensure their accounts remain active. The bank typically considers an account abandoned if there has been no ...