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
This clause establishes the bank's authority to alter contractual terms governing deposit accounts, interest rates, fees, and account conditions during the term of the agreement. The unilateral amendment right affects the stability and predictability of account terms over time.
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.
View change record →Account holders operate under terms that may be modified by the bank without their affirmative approval. The modified terms apply to existing accounts according to the notice procedures and effective dates specified in the agreement.
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If any update has a material adverse effect on Customer, then Customer may object to the update by notifying Mistral AI within thirty (30) days after Mistral AI provides notice or otherwise posts such updated Terms.
With respect to GWS Services, SecOpS Services, Looker (original) Services, and Cloud Identity Services...material updates to this Agreement will only take effect if and when Customer's Order Term renews.
We may update this Notice from time to time. We will notify you of material changes to this Notice and will update the Last Revised date on this Notice.
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This clause establishes the bank's authority to alter contractual terms governing deposit accounts, interest rates, fees, and account conditions during the term of the agreement. The unilateral amendment right affects the stability and predictability of account terms over time.
Account holders operate under terms that may be modified by the bank without their affirmative approval. The modified terms apply to existing accounts according to the notice procedures and effective dates specified in the agreement.
ConductAtlas has identified this type of provision across 288 platforms. See the full comparison.
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