Bank of America · Bank of America Deposit Agreement · View original document ↗

Electronic Funds Transfer Rights (Reg E)

High severity Unique · 0 of 325 platforms
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This analysis describes what Bank of America's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

Reg E protections establish standardized procedures for error investigation timelines, liability caps for unauthorized transfers, and notice requirements that apply across all depository institutions. This provision's inclusion ensures the deposit agreement incorporates mandatory federal safeguards rather than relying on contract terms alone.

Consumer impact (what this means for users)

The provision establishes Bank of America's procedural obligations to investigate reported errors within specified timeframes, limits consumer liability for unauthorized electronic transfers under federal thresholds, and requires the bank to provide disclosures about these protections. These protections operate as written regardless of other agreement terms that might conflict with federal requirements.

How other platforms handle this

Hinge Medium

California subscribers: You may cancel your subscription, without penalty or obligation, at any time prior to midnight of the third business day following the date you subscribed.

Tinder High

If you purchase a subscription, it will automatically renew until you cancel, in accordance with the terms disclosed to you at the time of purchase. Generally, all purchases are final and nonrefundable, and there are no refunds or credits for partially used periods, except if the laws applicable in ...

Apple Pay High

The Organizer invites other members to participate, and agrees to pay for all Transactions initiated by Family members. The Organizer's eligible payment methods are used to pay for any Transaction initiated by a Family member (except when the Family member's account has store credit, which is always...

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Applicable regulations

FTC Act Section 5
United States Federal

Provision details

Document information
Document
Bank of America Deposit Agreement
Entity
Bank of America
Document last updated
May 5, 2026
Tracking information
First tracked
March 7, 2026
Last verified
May 10, 2026
Record ID
CA-P-000459
Document ID
CA-D-00053
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
3a84db97f26e6cc43ba57e3064c862f0c801f02c98b952132bcb7ba1add9a99c
Analysis generated
March 7, 2026 04:40 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Bank of America
Document: Bank of America Deposit Agreement
Record ID: CA-P-000459
Captured: 2026-03-07 04:40:52 UTC
SHA-256: 3a84db97f26e6cc4…
URL: https://conductatlas.com/platform/bank-of-america/bank-of-america-deposit-agreement/electronic-funds-transfer-rights-reg-e/
Accessed: May 20, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
High
Categories

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Frequently Asked Questions

What does Bank of America's Electronic Funds Transfer Rights (Reg E) clause do?

Reg E protections establish standardized procedures for error investigation timelines, liability caps for unauthorized transfers, and notice requirements that apply across all depository institutions. This provision's inclusion ensures the deposit agreement incorporates mandatory federal safeguards rather than relying on contract terms alone.

How does this clause affect you?

The provision establishes Bank of America's procedural obligations to investigate reported errors within specified timeframes, limits consumer liability for unauthorized electronic transfers under federal thresholds, and requires the bank to provide disclosures about these protections. These protections operate as written regardless of other agreement terms that might conflict with federal requirements.

Is ConductAtlas affiliated with Bank of America?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Bank of America.