Bank of America Warns Customers: Stay Active or Risk Account Closure

Bank of America defines exact time requirements for using a bank account but will close accounts that stay unused for a specified time period. The financial organization is working hard to deal with unused bank accounts while safeguarding customer funds.

The bank names accounts as abandoned when the customer does not use them within three years. When the bank applies this label it starts actions that may end in closing the account and moving the money to state control under legal rules about property return.

Customers can prevent account closure by:

  1. Regularly log into online banking platforms
  2. Conduct periodic transactions
  3. Make routine deposits or withdrawals
  4. Set up digital banking alerts and reminders

The policy encompasses various account types, including:

  • Checking accounts
  • Savings accounts
  • Individual Retirement Accounts (IRAs)
  • Certificates of Deposit (CDs)
  • Stocks
  • Safe deposit boxes
  • Uncashed cashier’s checks
Amina

Recent Posts

Hidden Winter Getaways in Europe for a Last-Minute Weekend Trip

In need of a last minute getaway but a holiday not full of trudged-up tourist destinations and over-the-top resort charges?… Read More

December 6, 2025

Flame for 2026 Winter Olympics Officially Lit in Rome

The 2026 Winter Olympics flame is now officially lit in Rome and this marks the official beginning of the countdown… Read More

December 6, 2025

Digital Boom in Asia-Pacific: Why Global Ad-Spend Will Cross US$1 Trillion in 2026

World advertising will grow to exceed US$1 trillion in 2026 and the Asia-Pacific region is among the key growth drivers.… Read More

December 6, 2025

Donald J. Trump’s 2025 National Security Strategy: Reviving the Monroe Doctrine and Its Implications for Latin America

The 2025 National Security Strategy by Donald J. Trump indicates a rediscovery of a defensive-aggressive interest in the Western Hemisphere… Read More

December 6, 2025

Why UK Film Students Are Studying Cary-Hiroyuki Tagawa’s Acting Techniques

Global film legends are being used by British film schools to redefine the manner in which future actors train their… Read More

December 5, 2025

Aviation Bottlenecks: Edinburgh Airport, Why it Became a Case Study in 2025

When the rise in customer numbers was met with low capacity to carry them, Edinburgh Airport became a high-profile symbol… Read More

December 5, 2025

This website uses cookies.

Read More