Bank of America · Bank of America Deposit Agreement · View original document ↗

Unilateral Right to Amend Agreement

Medium severity Unique · 0 of 325 platforms
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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

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

This clause establishes the bank's authority to alter contractual terms governing deposit accounts, interest rates, fees, and account conditions during the term of the agreement. The unilateral amendment right affects the stability and predictability of account terms over time.

Consumer impact (what this means for users)

Account holders operate under terms that may be modified by the bank without their affirmative approval. The modified terms apply to existing accounts according to the notice procedures and effective dates specified in the agreement.

How other platforms handle this

Wealthfront Medium

We reserve the right to change this Agreement by posting a revised Terms of Use and we agree that changes cannot be retroactive. If you don't agree with these changes, you must stop using Wealthfront.

Google Maps Medium

Google may make changes to the Google Maps Platform Terms of Service from time to time. If Google makes a change to these Terms that you find unacceptable, you may terminate these Terms. Your continued use of the Services after Google makes a change to these Terms constitutes your acceptance of the ...

Yelp Medium

We may modify the Terms from time to time. The most current version of the Terms will be located here. You understand and agree that your access to or use of the Service is governed by the Terms effective at the time of your access to or use of the Service.

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Bank of America has changed this document before.

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Provision details

Document information
Document
Bank of America Deposit Agreement
Entity
Bank of America
Document last updated
May 5, 2026
Tracking information
First tracked
March 7, 2026
Last verified
May 10, 2026
Record ID
CA-P-000455
Document ID
CA-D-00053
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
3a84db97f26e6cc43ba57e3064c862f0c801f02c98b952132bcb7ba1add9a99c
Analysis generated
March 7, 2026 04:40 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Bank of America
Document: Bank of America Deposit Agreement
Record ID: CA-P-000455
Captured: 2026-03-07 04:40:52 UTC
SHA-256: 3a84db97f26e6cc4…
URL: https://conductatlas.com/platform/bank-of-america/bank-of-america-deposit-agreement/unilateral-right-to-amend-agreement/
Accessed: May 20, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
Medium
Categories

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Frequently Asked Questions

What does Bank of America's Unilateral Right to Amend Agreement clause do?

This clause establishes the bank's authority to alter contractual terms governing deposit accounts, interest rates, fees, and account conditions during the term of the agreement. The unilateral amendment right affects the stability and predictability of account terms over time.

How does this clause affect you?

Account holders operate under terms that may be modified by the bank without their affirmative approval. The modified terms apply to existing accounts according to the notice procedures and effective dates specified in the agreement.

Is ConductAtlas affiliated with Bank of America?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Bank of America.