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

Bank of America is warning customers that their accounts may be canceled if they haven’t been in used in several years.The national bank is sending letters to customers who haven’t accessed their account in several years,

If you have an inactive account at the Bank of America beware. You could be in danger of losing access to your money. According to rules on the financial institution’s official FAQ page on its website,