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Bank of America warns it may close inactive accounts, transferring funds to state custody.
Bank of America warns it may close accounts inactive for three years, transferring funds to state custody under escheat laws.
This affects checking, savings, IRAs, CDs, and uncashed checks.
Customers should log in regularly, set up alerts, and maintain activity to keep accounts active.
If notified, quick action is advised to avoid account closure and complications in retrieving funds from the state.
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Bank of America advierte que puede cerrar cuentas inactivas, transfiriendo fondos a custodia estatal.