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

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

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

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

Is Bank of America closing bank accounts? Yes, but it isn’t a new practice. A spokesperson for Bank of America refuted claims ...

As digital transformation continues to accelerate in the banking industry, Bank of America has taken a new step into that ...

Bank of America is not only shutting down branches but also canceling inactive accounts. In this evolving banking landscape, ...

Bank of America, one of the largest financial institutions in the U.S., may close accounts deemed 'abandoned.' Here's the ...

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

Amid the rise of online banking, financial institutions in the U.S. continue to shutter physical branches at a steady clip.

Bank of America is closing inactive accounts and transferring funds to state custody under escheatment laws—here's how to ...

Banks across the U.S. have proposed more than 300 branch closures in the first three months of 2025, data from the Office of ...