Bank of America warns it may cancel accounts that aren’t active - Customers who haven’t logged into their accounts for three years may be impacted

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

The financial institution has announced that it will close some accounts if account holders don’t take certain proactive measures. Tododisca reports how Bank of America issued an alert to its customers warning them that accounts deemed inactive will be shut down. The contents of these accounts will then be turned over to the proper entities.