You can limit certain sharing of your financial data by phone, online, or mail, but Bank of America may share your data for 30 days before your opt-out takes effect if you are a new customer, and sharing may continue after you close your account.
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 30-day window for new customers and the post-account-closure sharing provision mean your data may be shared even during and after your banking relationship in ways you cannot immediately prevent.
If you are a new customer, your information may be shared for up to 30 days before any opt-out you submit takes effect, and even after you close your Bank of America account, certain sharing may continue under the terms of this notice.
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California residents have the right to request certain information regarding our disclosure of personal information...to third parties for their direct marketing purposes unless we provide them with an ability to exercise choice regarding such disclosures.
"To limit our sharing: Call us at 1-888-341-5000 — our menu will prompt you through your choices. Visit us online: bankofamerica.com/privacy. Mail the form below. If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice.Excerpt from Bank of America's Privacy Notice
REGULATORY LANDSCAPE: Regulation P (12 CFR Part 1016) permits financial institutions to begin sharing new customer information after 30 days from notice delivery if the customer does not opt out, which is the framework reflected …
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The 30-day window for new customers and the post-account-closure sharing provision mean your data may be shared even during and after your banking relationship in ways you cannot immediately prevent.
If you are a new customer, your information may be shared for up to 30 days before any opt-out you submit takes effect, and even after you close your Bank of America account, certain sharing may continue under the terms of this notice.
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