Generated by a model from the captured document; not read by a person
MediumNeutral for users
Affected users
All usersDeposit account holdersPersonal account holdersBusiness account holders
Bank of America updated its Deposit Agreement effective May 15, 2026, adding prominent disclosure that the agreement contains an arbitration clause, class action waiver, and other important information regarding legal rights and remedies in disputes. The document's table of contents and page references were reorganized, with sections on arbitration, claims resolution, jurisdiction, and venue repositioned within the agreement structure. The updated terms maintain the same binding contract language and account governance framework but now lead with explicit notice of dispute resolution mechanisms.
Stay ahead of the changes
Track Bank of America and hear on the next check after its terms change. We check daily where we can, and show you where we can't.
Generated by a model from the captured document; not read by a person
The updated Deposit Agreement now explicitly discloses at the outset that the agreement contains an arbitration clause, class action waiver, and other important information regarding legal rights and remedies in disputes. The agreement's substantive terms remain the same, but the reorganized structure places dispute resolution provisions and their consequences in more prominent positions within the document. Account holders are bound by these terms upon accepting the agreement during account opening, completing account documents, activating a card, or using or maintaining the account open.
Key Clauses Affected
Generated by a model from the captured document; not read by a person
arbitration clause and class action waiver disclosure
Now prominently disclosed at the outset of the agreement, signaling that disputes will be resolved through arbitration rather than litigation or class action.
claims resolution procedures
Reorganized to explicitly detail how claims on personal and business accounts will be resolved, with updated page references.
Full clause-by-clause analysis available with Insight.
ⓘ
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
Wording edits to this record that do not change what it claims. Changes to a claim are published as corrections.
2026-10-11 · Feed summary edited · summary regenerated by summarize_events
Previous text Adds prominent arbitration and class action waiver disclosure; substantially revises deposit agreement with 401 structural changes affecting dispute resolution and account operations.
2026-10-11 · Impact summary edited · summary regenerated by summarize_events
Previous text The updated Deposit Agreement now explicitly discloses that disputes are subject to mandatory arbitration and class action waiver provisions, as stated prominently at the document's opening. The agreement establishes separate dispute resolution procedures for personal and business accounts and introduces new operational provisions governing account closure, jurisdiction and venue, cutoff times for legal orders, and responses to conflicting demands. The terms require that by using or maintaining your account after a change is effective, you agree to be bound by the updated provisions. You can review the complete updated agreement on bankofamerica.com or contact Bank of America directly if you wish to understand how the specific dispute resolution procedures apply to your account.
2026-10-11 · Summary edited · summary regenerated by summarize_events
Previous text Bank of America updated its Deposit Agreement in an update detected on July 12, 2026, with an effective date of May 15, 2026. The document now prominently discloses that it contains an arbitration clause, class action waiver, and other dispute resolution provisions, and the agreement has been substantially reorganized and rewritten with 151 sentences added, 41 removed, and 209 modified. The updated terms incorporate mandatory dispute resolution procedures and establish new operational provisions governing account closure, jurisdiction, legal orders, and compliance obligations.
2026-10-07 · Change line edited · change line rewritten to the 2026-10-07 template: no detection date, no sentence counts
Previous text Bank of America updated their Bank of America Deposit Agreement on July 12, 2026. Change detected: 151 sentence(s) added, 41 sentence(s) removed, 209 sentence(s) modified. Document contained 1116 sentences after update.
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
For legal and compliance teams
Institutional Analysis
Generated by a model from the captured document; not read by a person
Assessment
Bank of America restructured its Deposit Agreement to prominently disclose arbitration and class action waiver provisions at the document's outset, effective May 15, 2026. The change reorganizes the table of contents and repositions sections on …
🔒Full institutional analysis
Regulatory exposure, obligation change, escalation trigger, board-ready language, and recommended action for legal and compliance teams.
ConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-X-003660.
Bank of America updated its Deposit Agreement to include mandatory arbitration and a class action waiver. Here's what changed, what it mean…
Get the weekly coverage letter
Companies change their terms without announcing it. We capture governance documents, compare each new version with the last, and publish what changed, with the source text behind it. One email a week on what we found and what we could not reach.
Stay ahead of the changes
Track Bank of America policy changes
Get alerted when this policy changes again, including what changed and why it matters.