Bank of America reserves the right to change, add, delete, or amend any account terms, fees, services, or conditions in this schedule at any time, and may also convert or discontinue existing accounts or services.
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 a broad contractual reservation of authority to modify fee structures, account terms, and available services without specifying a notice period or consumer consent requirement, though applicable law, including Regulation DD and state-specific deposit account statutes, may independently require advance notice for certain types of changes.
Interpretive note: The practical scope of this reservation is constrained by Regulation DD and applicable state law, which may independently require advance notice for adverse changes regardless of this contractual language.
Under this clause, the terms governing fees, account features, and service availability applicable to existing accounts may be changed at Bank of America's discretion; the extent to which advance notice is required depends on the type of change and applicable federal and state law rather than solely on this contractual reservation.
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Compare across platforms →"We may change the accounts and services described in this schedule at any time. We may add new terms and conditions. We may delete or amend existing terms and conditions. We may also add new accounts or services and convert or discontinue existing accounts or services at any time.Excerpt from Bank of America's Fee Schedule
(1) REGULATORY LANDSCAPE: This provision engages Regulation DD under the Truth in Savings Act, which requires advance notice of certain changes in account terms for consumer deposit accounts, including changes that adversely affect the consumer.
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This provision establishes a broad contractual reservation of authority to modify fee structures, account terms, and available services without specifying a notice period or consumer consent requirement, though applicable law, including Regulation DD and state-specific deposit account statutes, may independently require advance notice for certain types of changes.
Under this clause, the terms governing fees, account features, and service availability applicable to existing accounts may be changed at Bank of America's discretion; the extent to which advance notice is required depends on the type of change and applicable federal and state law rather than solely on this contractual reservation.
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