An individual retirement account (IRA) is one of the most popular ways to invest for retirement. Not only are you saving for your future, but you’re also getting a generous tax advantage to do so, ...

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 ...

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 ...

The financial institution's policy regarding accounts deemed inactive was previously established Charna Flam is a writer-reporter at PEOPLE. She has been working at PEOPLE since 2023. Her work has ...

Bank of America customers are subject to having their accounts closed and losing access to their funds, but this is not a new practice. The bank has previously confirmed that it can and will close ...