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 provision creates a procedural requirement that allocates responsibility for transaction monitoring between the bank and customer. By establishing a fixed deadline, the clause defines the temporal scope within which the bank will investigate and reverse unauthorized charges.
Customers must review statements and report unauthorized transactions within 60 days of statement delivery to preserve recourse for reimbursement. Failure to meet this deadline may result in the bank declining liability for the unauthorized transaction and refusing account recreditation.
Cross-platform context
See how other platforms handle Unauthorized Transaction Reporting Deadline and similar clauses.
Compare across platforms →Monitoring
Bank of America has changed this document before.
Receive same-day alerts, structured change summaries, and monitoring for up to 25 platforms.
"You must examine your statement and report any errors, unauthorized transactions, or problems within 60 days after we send the statement to you. If you do not report the error within this time, we may not be liable for the unauthorized transaction and you may lose the right to have the amount recredited to your account.— Excerpt from Bank of America's Bank of America Deposit Agreement
Compliance Governance Intelligence
Need to monitor specific governance provisions?
Compliance includes provision-level monitoring, governance timelines, regulatory mapping, and audit-ready analysis.
Built from archived source documents, structured governance mappings, and historical version tracking.
The provision creates a procedural requirement that allocates responsibility for transaction monitoring between the bank and customer. By establishing a fixed deadline, the clause defines the temporal scope within which the bank will investigate and reverse unauthorized charges.
Customers must review statements and report unauthorized transactions within 60 days of statement delivery to preserve recourse for reimbursement. Failure to meet this deadline may result in the bank declining liability for the unauthorized transaction and refusing account recreditation.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Bank of America.