The schedule asserts that Bank of America may modify, add, delete, or amend any account terms, fees, services, or conditions at any time, and may convert or discontinue existing accounts or services without any stated advance notice requirement in this document.
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 reserves Bank of America's right to unilaterally alter the terms governing all personal deposit accounts covered by this schedule at any time; the applicable regulatory notice requirements under Regulation DD and Regulation E establish constraints on how this reserved authority may be exercised in practice.
Interpretive note: The practical scope of this provision is constrained by Regulation DD and Regulation E notice requirements, which operate independently of this contractual language; the extent to which the provision may be enforced without regulatory notice depends on the specific type of change and the applicable regulatory framework.
The agreement reserves Bank of America's right to change any account terms, fees, or services at any time; the document does not specify a minimum advance notice period within this provision, though applicable federal banking regulations including Regulation DD establish notice requirements for certain types of changes that may constrain the practical application of this clause.
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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: Regulation DD (Truth in Savings Act) imposes advance notice requirements for certain changes to deposit account terms, including fee increases and reductions in interest rates on term accounts.
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This provision reserves Bank of America's right to unilaterally alter the terms governing all personal deposit accounts covered by this schedule at any time; the applicable regulatory notice requirements under Regulation DD and Regulation E establish constraints on how this reserved authority may be exercised in practice.
The agreement reserves Bank of America's right to change any account terms, fees, or services at any time; the document does not specify a minimum advance notice period within this provision, though applicable federal banking regulations including Regulation DD establish notice requirements for certain types of changes that may constrain the practical application of this clause.
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