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 bank's operational authority to adjust account economics and conditions through a unilateral modification mechanism. The advance notice requirement creates a procedural window for account holders to review changes, while the acceptance-through-continued-use framework establishes a constructive assent mechanism rather than requiring explicit opt-in.
Account holders operate under terms that may be modified by the bank during the account relationship. The mechanism permits fee or term changes to become effective upon continued use after notice, meaning the account holder must either accept modified terms or close the account to avoid them.
How other platforms handle this
Google may change its offering of billing options (including by limiting or ceasing to offer any billing option) upon 30 days' notice to Customer and any such change will take effect at the beginning of Customer's next Order Term.
Charge interest on any overdue payments at a rate equal to the Reserve Bank of Australia's cash rate, from time-to-time, plus 2% per annum, calculated daily and compounding monthly.
Calendly will bill the Fees in advance. Customers who qualify for invoice-billing are billed immediately at the start of the Initial Subscription Term...payment of which is due thirty (30) days from the first day of the then-current Subscription Term.
"We may change, add, or delete fees or other terms of your deposit account at any time. We will give you advance notice of any change as required by applicable law. Your continued use of your account after the effective date of the change constitutes your acceptance of the change.Excerpt from Bank of America's Fee Schedule
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This provision establishes the bank's operational authority to adjust account economics and conditions through a unilateral modification mechanism. The advance notice requirement creates a procedural window for account holders to review changes, while the acceptance-through-continued-use framework establishes a constructive assent mechanism rather than requiring explicit opt-in.
Account holders operate under terms that may be modified by the bank during the account relationship. The mechanism permits fee or term changes to become effective upon continued use after notice, meaning the account holder must either accept modified terms or close the account to avoid them.
ConductAtlas has identified this type of provision across 231 platforms. See the full comparison.
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