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 clause creates a fee structure tied to statement delivery method, establishing paperless delivery as the default cost-free option while paper delivery incurs periodic charges. This structure creates an operational distinction between service delivery mechanisms within the fee schedule.
Account holders who receive paper statements will incur a per-cycle fee unless they elect paperless statements through Online Banking. The terms establish the cost differential between the two statement delivery methods.
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"A Paper Statement Fee may be charged each statement cycle if you receive paper statements. You can avoid this fee by enrolling in paperless statements through Online Banking.Excerpt from Bank of America's Fee Schedule
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The clause creates a fee structure tied to statement delivery method, establishing paperless delivery as the default cost-free option while paper delivery incurs periodic charges. This structure creates an operational distinction between service delivery mechanisms within the fee schedule.
Account holders who receive paper statements will incur a per-cycle fee unless they elect paperless statements through Online Banking. The terms establish the cost differential between the two statement delivery methods.
ConductAtlas has identified this type of provision across 231 platforms. See the full comparison.
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