Bank of America is warning customers that their accounts may be canceled if they haven’t been in used in several years. The national bank has sent letters to customers who haven’t accessed ...

Bank of America customers across the country could ... an extended period (typically 3 years or more), you may receive a letter from us letting you know your account is considered abandoned ...

“You will need to follow the instructions on your letter to contact the bank and prevent escheatment.” As for what escheatment is exactly, Bank of America explains it’s essentially “the ...

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 ...