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 operationalizes the bank's intellectual property protections for its platform interface and establishes a mechanism by which user-generated feedback becomes available for institutional use without additional compensation or notice 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 →Users grant the bank rights to all submissions made through Online Banking, meaning any feedback, suggestions, or content provided becomes available for the bank's use in service development and operations. The bank retains exclusive ownership of its platform's design, text, graphics, logos, and software.
How other platforms handle this
We hereby grant you a limited, revocable, non-transferable, non-sublicensable license under the rights licensable by us to use the services and use Content from our services solely for your personal use...
Any intellectual property rights vested by Twilio under this Agreement will include the rights set forth in Article 27 (Right of Adaptation) and 28 (Original Author's Right in Derivative Works) of the Copyright Act of Japan...
Remove, obscure, or alter any notice of any of our trademarks, or other Intellectual Property appearing on or contained within the Services or on any Wise Materials.
"All content included in or made available through Online Banking, such as text, graphics, logos, icons, images, and software, is the property of Bank of America or its content suppliers and is protected by United States and international intellectual property laws. You grant Bank of America a non-exclusive, royalty-free, worldwide license to use any content, feedback, or suggestions you submit through Online Banking for any purpose, including improving our services.Excerpt from Bank of America's Deposit Agreement
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The clause operationalizes the bank's intellectual property protections for its platform interface and establishes a mechanism by which user-generated feedback becomes available for institutional use without additional compensation or notice requirements.
Users grant the bank rights to all submissions made through Online Banking, meaning any feedback, suggestions, or content provided becomes available for the bank's use in service development and operations. The bank retains exclusive ownership of its platform's design, text, graphics, logos, and software.
ConductAtlas has identified this type of provision across 256 platforms. See the full comparison.
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