Bank of America has previously confirmed that it can and will close accounts if they are deemed inactive due to state escheatment laws.

Bank of America customers risk losing access to their funds as account closures expand under state laws, but there are ways to avoid it.

Bank of America is informing customers that their accounts may be closed if they haven’t been used for an extended period. “If you have not accessed your account for an extended period (typically 3 years or more),