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 ...

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

The correspondence shows how a Swiss private bank courted a roster of questionable clients linked to autocratic regimes and ...

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 ...

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 ...

Flagstar Bank, a subsidiary of Flagstar Financial, will soon close 60 branches across the United States including three sites ...

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

NEW YORK (PIX11) — Is Bank of America closing bank accounts? Yes ... Customers may receive a letter with instructions on what to do to prevent their funds from being transferred to the state.