| Term | Detail |
|---|---|
| Initial term | Month to monthBank of America, N.A. (opens in a new tab) · Contract or terms · No minimum term. Fundamentals is not interest-bearing, so the seven-day notice does not apply to it. |
| Early termination fee (ETF) | You can close the checking account at any time without advance notice. The bank does not have to close it while there are pending transactions, a negative balance, legal process or a hold; a fee waiver does not carry over if the account is reopened (Deposit Agreement, Account Closing).Bank of America, N.A. (opens in a new tab) · Contract or terms · |
| How the ETF is calculated | Not researched yet |
| Right to raise prices | Bank of America may change the agreement at any time. It ordinarily sends advance notice of an adverse change, but may make changes without prior notice unless the law requires it; if you don't agree, you must close the account before the change takes effect (Deposit Agreement, Changes to This Agreement).Bank of America, N.A. (opens in a new tab) · Contract or terms · |
| Trial period | Not researched yet |
This is general information about published contracts, not legal advice: read your own contract and check with a lawyer before you sign.