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 monthly maintenance fee structure defines the ongoing costs associated with account maintenance and service delivery. This provision establishes the financial terms under which the account relationship continues on a monthly basis.
Account holders are obligated to pay the stated monthly maintenance fee as a condition of maintaining the deposit account. The fee amount and applicability are determined by the account type and current fee schedule maintained by the institution.
How other platforms handle this
If Customer selects this option, Customer will not be committed to purchase the Services for a pre-defined term, but will pay Fees based on its daily usage of the Services, billed monthly in arrears.
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The monthly maintenance fee structure defines the ongoing costs associated with account maintenance and service delivery. This provision establishes the financial terms under which the account relationship continues on a monthly basis.
Account holders are obligated to pay the stated monthly maintenance fee as a condition of maintaining the deposit account. The fee amount and applicability are determined by the account type and current fee schedule maintained by the institution.
ConductAtlas has identified this type of provision across 231 platforms. See the full comparison.
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