The term escheatment refers to the legal process where unclaimed or abandoned property is transferred to the state for safekeeping. This process ensures that assets are not left in limbo indefinitely.

Bank of America has addressed concerns over accounts being mistakenly labelled as "abandoned," explaining the specific reasons behind the classification. The bank also outlined the steps customers can ...

If you’re not actively using your Bank of America account, there may be a chance it’s at risk of being closed. While this might be concerning, there are specific steps you can take to keep your ...

Established in October 1904 in San Francisco, Bank of America has grown into one of Texas’ most popular banking services. However, account holders who haven’t touched their accounts in a while may be ...

Bank of America customers across the country could be at risk of losing access to their funds if they fail to meet certain activity requirements. The financial institution has confirmed it will close ...