Answers about Business Accounts

Can the bank change the terms of a business checking account?

Generally, a financial institution can change the terms of a business checking account as long as the bank notifies account holders at least 30 days before implementing a change to the bank's Funds Availability policy.

Exception: Any change that expedites (speeds up) the availability of funds—a positive impact for the consumer—may be disclosed not later than 30 days after implementation.

September 2019

See additional questions under Bank Accounts – Funds Availability