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 establishes the fee structure governing overdraft transactions and clarifies that fee incidence depends partly on customer selection of available overdraft protection services. The operational significance lies in the per-item fee mechanism and the conditional relationship between service election and fee application.
Customers are subject to per-transaction overdraft fees when the bank pays items that overdraw the account balance. The terms make fee liability conditional on both transaction patterns and the specific overdraft protection service selected, if any.
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"An Overdraft Item Fee is charged when Bank of America pays a transaction that overdraws your account. The fee applies per item paid into overdraft. Overdraft protection services may reduce the number of overdraft fees charged, but fees may still apply depending on the service used.Excerpt from Bank of America's Fee Schedule
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This provision establishes the fee structure governing overdraft transactions and clarifies that fee incidence depends partly on customer selection of available overdraft protection services. The operational significance lies in the per-item fee mechanism and the conditional relationship between service election and fee application.
Customers are subject to per-transaction overdraft fees when the bank pays items that overdraw the account balance. The terms make fee liability conditional on both transaction patterns and the specific overdraft protection service selected, if any.
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