Bank of America has previously confirmed that it can and will close accounts if they are deemed inactive due to state ...

The financial institution has announced that it will close some accounts if account holders don’t take certain proactive ...

Bank of America customers risk losing access to their funds as account closures expand under state laws, but there are ways to avoid it.

Recently, several sources have highlighted concerns about protecting your BoA account from potential cancellation. Find out ...

Escheatment is the process by which a financial institution must report and remit any abandoned or unclaimed property for ...

But before the bank would close the account, it may issue a letter to the customer informing them that their account is considered abandoned, and the account "may be turned over to the state under ...

According to rules on the financial institution’s official FAQ page on its website, the bank will close accounts it ...

NEW YORK (PIX11) — Is Bank of America closing bank accounts? Yes, but it isn’t a new practice ... Customers may receive a letter with instructions on what to do to prevent their funds from being ...

The House voted Wednesday to overturn a rule that would have limited bank overdraft fees to $5, following the Senate in ...

The Department for Work and Pensions (DWP) has explained the powers it has to take out funds from someone's bank account. Recently, the DWP sent a letter to the relative of someone who had died ...