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 authorizes the Bank to satisfy all communication and disclosure obligations through electronic channels rather than paper mail, reducing operational costs and delivery timelines while establishing that electronic delivery fulfills the Bank's legal communication requirements.
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 →The customer's enrollment in Online Banking constitutes consent to receive all future communications electronically rather than by paper mail. The customer must monitor the Online Banking site and provided email address to receive required notices, disclosures, and account documents.
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"By enrolling in Online Banking and/or accepting this Agreement, you consent to receive all communications, agreements, documents, notices, and disclosures (collectively, 'Communications') from us electronically. We will provide these Communications by posting them to the Online Banking site, by emailing them to the email address you have provided to us, or by sending an electronic message to you. You agree that electronic delivery of Communications has the same legal effect as if we sent you paper Communications.Excerpt from Bank of America's Deposit Agreement
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This clause authorizes the Bank to satisfy all communication and disclosure obligations through electronic channels rather than paper mail, reducing operational costs and delivery timelines while establishing that electronic delivery fulfills the Bank's legal communication requirements.
The customer's enrollment in Online Banking constitutes consent to receive all future communications electronically rather than by paper mail. The customer must monitor the Online Banking site and provided email address to receive required notices, disclosures, and account documents.
ConductAtlas has identified this type of provision across 4 platforms. See the full comparison.
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