Bank of America issued a clarification after it was widely reported that it is closing accounts. According to the multinational bank's website: “If you have not accessed your account for an ...

But before the bank would close the account, it may issue a letter to the customer informing them that their account is considered abandoned, and the account "may be turned over to the state under ...

Getty But before the bank would close the account, it may issue a letter to the customer informing them that their account is considered abandoned, and the account "may be turned over to the state ...

Escheatment is the process by which a financial institution must report and remit any abandoned or unclaimed property for safekeeping, Bank of America says. Depending on the state, certain laws are in ...

If you’re a Bank of America customer, here’s something you might want to be aware of. The financial institution has announced that it will close ... letter from us letting you know your ...

NEW YORK (PIX11) — Is Bank of America closing ... an account abandoned if it has not been accessed for three years or more, as outlined on its website. Customers may receive a letter with ...

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