The agreement states that Bank of America determines and may change the order in which transactions are processed and posted to accounts at its discretion and without notice, and acknowledges that certain processing orders can result in more insufficient funds items and therefore more overdraft fees than other orders.
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 provision reserves the bank's right to alter transaction processing and posting sequences without notice, and the agreement itself acknowledges that these sequencing decisions can affect the number of overdraft fee-generating events on a given account.
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 →Under this provision, the order in which deposits, withdrawals, checks, and electronic debits are processed and posted to an account is determined by the bank at its discretion and may change without notice. The agreement states that some processing orders result in more insufficient funds items than others, which may affect the number of overdraft fees assessed in a given processing cycle.
Cross-platform context
See how other platforms handle Discretionary Transaction Processing and Posting Order and similar clauses.
Compare across platforms →"We determine the processing and posting orders that we use, at our discretion. We can make changes, without notice, to any aspect of the processing and posting orders described above. Some processing and posting orders can result in more insufficient funds items than other orders.Excerpt from Bank of America's Deposit Agreement
1.
Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
Get the research letter
Companies change their terms quietly. We read every version and catch what actually changed. One email a week on the changes that matter and what they mean.
This provision reserves the bank's right to alter transaction processing and posting sequences without notice, and the agreement itself acknowledges that these sequencing decisions can affect the number of overdraft fee-generating events on a given account.
Under this provision, the order in which deposits, withdrawals, checks, and electronic debits are processed and posted to an account is determined by the bank at its discretion and may change without notice. The agreement states that some processing orders result in more insufficient funds items than others, which may affect the number of overdraft fees assessed in a given …
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Bank of America.