Bank of America is set to close accounts deemed 'abandoned' starting April, impacting millions. Accounts inactive for three ...

Key Takeaways - How to Close a Bank Account Closing a bank account isn't difficult. However, you need to be careful so that you avoid missing automatic payments or direct deposits and steer clear of ...

The bank has previously confirmed that it can and will close accounts if they are deemed inactive due to state escheatment laws. The financial institution confirmed that customer accounts may be ...

Campbell, Dennis, F. Asis Martinez-Jerez, and Peter Tufano. "Bouncing Out of the Banking System: An Empirical Analysis of Involuntary Bank Account Closures." Journal of Banking & Finance 36, no. 4 ...

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 close ...