Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Bank Of America Checking Labeled As Inactive Even With ACH Deposits & Withdrawals

Thursday, September 27, 2012 - 4:16 AMBank of America - Details
Most probably know that banks and credit unions can label accounts as inactive if there's a long period of inactivity. It can cause monthly inactivity fees. It can also lead to escheatment.

Not all activities may count in making an account active. This can vary by institution. A Bank of America customer described in this FW thread how the bank informed him that his account was considered as inactive even though there were monthly ACH deposits and withdrawals. Apparently, these were considered internet activities which didn't make the account active.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,633
1. Wednesday, November 28, 2012 - 2:20 PM
Reading through this thread, I would guess that BofA may distinguish between "internet activities" which are initiated from BofA's website and those which originate from another bank's system.
deymonddeymond1 posts since
Nov 28, 2012
Rep Points: 1