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

April 26, 2017Bank Business checking account terms

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

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Generally, a national bank 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 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.