Bank of America Deposit Account Agreement

You have the option to add a mobile phone number to your online banking profile. By adding a mobile phone number to your online banking profile, you confirm that you are the mobile phone account holder or that you have the account holder`s permission to use the mobile phone number for online banking. You also agree to receive online banking notifications using auto-dial technology and to receive text messages. Depending on your carrier, text messaging charges may apply. Select an overdraft setting when opening an account. This determines how we process transactions when you do not have sufficient funds. If your Service is linked to one or more joint accounts, we may respond to verbal, written or electronic instructions from an authorized signatory. A checking account is a type of deposit account that allows you to deposit and withdraw funds available upon request, usually by writing a check or with a debit card. Current accounts sometimes bear interest. The Services will remain in effect until terminated by you or Bank of America. You may terminate one or more of your Services at any time by notifying us of your intention to terminate in writing, by secure online banking or by calling Customer Service at 800.432.1000. For small business accounts, call 866.758.5972.

This termination applies to your Services and does not terminate your Bank of America accounts. We recommend that you cancel any scheduled payments before notifying us that you are discontinuing the Service. Otherwise, Bank of America will cancel all scheduled payments within two (2) business days of the date we received your request to discontinue the Service. If you close your master current account or there is no longer an eligible financial account associated with your service, all unprocessed payments will be cancelled. The Services also end when you close all accounts associated with your online banking profile. View Access (sometimes referred to as “request access” or “basic access”) allows a user to view account balances and activity only subject to the selected account or general service settings. For the provisions governing our liability for same-day outbound transfers and international transfers, see section 5. Our liability for three-business day ACH transfers and next business-day ACH transfers involving a transfer to or from a Bank of America consumer account is described in this Section 7. This Agreement is between any Eligible Account holder, a person applying for an Eligible Account, or an authorized representative designated or authorized to access online on behalf of another person (“you” or “your”), and Bank of America, N.A. (Bank of America). This Agreement governs your use of online or mobile banking services operated by Bank of America through accessed through a PC or mobile device, including a smartphone, tablet, or other authorized portable or portable communication device (the “Services”).

You will not be responsible for unauthorized transactions if you notify us within 60 days of sending the transaction (or 90 days if the transaction originates from an account with another financial institution). If you do not, you may not receive any refund of the money you lost in an unauthorized transaction that took place after the 60-day period (or a 90-day period if the transaction was made from an account with another financial institution) if we can prove that we could have stopped the transaction, if you had informed us in time. If a good reason (for example. B a long trip or a stay in the hospital) prevented you from telling us, we can extend the deadlines. You can visit our Better Money Habits website┬« and watch a video on how banks process deposits. This will explain in more detail how banks process deposits and why you or the person you wrote a check to may not be able to access the money immediately. Back to FAQ list As part of our online banking guarantee, we will refund all late payment charges if we do not process a payment in accordance with your correctly completed instructions. As stated above, some payments can be made by personal check. As we cannot predict the exact date on which a personal cheque will be presented to us for payment, please ensure that you have sufficient funds in your account a few days before the scheduled delivery date and keep these funds ready until the payment is deducted from your account. The service allows you to send or receive money with your retail or small business account. We reserve the right to suspend or terminate your use of the Service if we believe, in our sole discretion, that you are using the Service for any other purpose, or if we believe that you are using the Service in a manner that exposes Bank of America or Zelle to reputational or trademark damage related to liability; including, but not limited to, using the Service to request, send or receive money in connection with any of the following: For any account associated with your online ID, with the exception of personal investment accounts, you may set each user`s access level and account settings….