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
The clause establishes the operational framework for information sharing across the Bank's business operations and establishes that data practices are governed by a separate Privacy Notice document rather than solely by this agreement. This structure allocates specific data governance mechanics to the incorporated Privacy Notice while the deposit agreement addresses the general authorization principle.
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 provision subjects customer information to disclosure to multiple categories of recipients (affiliates and non-affiliated third parties) across multiple stated purposes, with the specific parameters, limitations, and opt-out mechanisms defined in the Bank's Privacy Notice. Users of Online Banking are bound to comply with the data practices as described in the incorporated Privacy Notice document.
How other platforms handle this
Protect us, our business, our users, and others, for example to enforce our terms of service, prevent spam or other unwanted communications, and investigate or protect against fraud
we may use, retain or share information with law enforcement or others in circumstances where a person's vital interests require protection, such as in the case of emergencies.
The Gemini Apps Privacy Notice does not apply, and your Opal data, including feedback you provide, is processed per the Google Privacy Policy.
"We may share information about you and your account history with our affiliates and with non-affiliated third parties as permitted by law and described in our Privacy Notice. This includes sharing for purposes such as providing and improving services, marketing, and as required by law. By using Online Banking, you agree to the data practices described in our Privacy Notice, which is incorporated by reference into this Agreement.Excerpt from Bank of America's Deposit Agreement
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The clause establishes the operational framework for information sharing across the Bank's business operations and establishes that data practices are governed by a separate Privacy Notice document rather than solely by this agreement. This structure allocates specific data governance mechanics to the incorporated Privacy Notice while the deposit agreement addresses the general authorization principle.
The provision subjects customer information to disclosure to multiple categories of recipients (affiliates and non-affiliated third parties) across multiple stated purposes, with the specific parameters, limitations, and opt-out mechanisms defined in the Bank's Privacy Notice. Users of Online Banking are bound to comply with the data practices as described in the incorporated Privacy Notice document.
ConductAtlas has identified this type of provision across 288 platforms. See the full comparison.
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