Such notice must be given separately from any other notices given to other Bank departments or financial centers by calling us at 1.888.business ( 287.4637). You are obligated to inform Bank of America of any changes to the person(s) authorized on the signature card for each linked account to designate signers and/or users for each such account. Any user to whom you have given transfer ability will be able to see the last name and last 4 digits of the account number for all transfer recipients created by you, an Administrator or any other user, even those that the user did not initiate. In addition to designating general service settings, you can also provide additional account settings on certain eligible accounts, such as allowing a user to view statements, view check images or make transfers for the selected accounts. For users of the Payroll Services and Direct Payments, only Transactional Access is available. For the Bill Pay functionality, you may limit a user to use only certain specified accounts. You may, however, designate Limited Access for a user of Bill Pay, which will permit the user to have Transactional Access for specific accounts and existing payees only. If you select to enable Full Access for a user of Bill Pay, that user will automatically have Transactional Access to all the accounts that you have set up for Bill Pay, and the user will be able to pay bills using the Bill Pay feature and set up new payees. There are additional controls available for the Bill Pay option. These include Full Access Bill Pay, Payroll Services and Direct Payments. You may also designate certain "general service settings," which are global settings that may affect more than one account. In addition to specifying Transactional, View, or No Access for a user of an account, you can also specify certain other account settings, including transaction limitations as provided on our web site. View Access (also sometimes referred to as “inquiry access” or “basic access”) allows a user to only view account balances and activity, subject to the selected account or general service settings.Īccount settings are levels of access and transactional limits that you and/or an Administrator may select for each user. You agree that by granting Transactional Access (also sometimes referred to as “financial access” or “full access”) to an account you will be allowing a user to transfer funds, make payments, perform account maintenance, and view account balances and activity on the account, subject to the selected account or general service settings. You agree that users have Transactional Access, unless otherwise specified by you or an Administrator. You may also place limits on the types of transactions for each account to which the user is granted access.įor each account linked to your Online ID, except for personal investment accounts, you can designate each user's access level and account settings.Īccess Level (also sometimes referred to as “Activity Level”) means either Transactional Access, View Access or No Access. An Administrator in Account Management is not eligible to enroll in other Business Services or grant levels of access to other users that have not been granted to the Administrator.įor each user, you can designate which account(s) the user will have access to. You may designate the user level either as “user” (also sometimes referred to as “sub-user”) or “Administrator.”Īn Administrator in Account Management is a user who is able to create additional users, edit and monitor other users. You may add additional users to your online banking profile and provide each with a separate Online ID and passcode. You may authorize other users and control their scope of activities by designating user levels, access levels, and account settings. Third Party Service Providers/Third Party Beneficiary Not a Legal, Financial Planner or Tax Advisor Information from Third Parties/Service LimitationsĬollection, Use, and Disclosure of Information and Third-Party Account Informationĭescription of the Direct Payments Serviceĭescription of Payments and Invoicing Service Linking Accounts of Additional Businesses and Consumer AccountĬash Flow Monitor and Connected Apps ("Cash Flow Monitor") Bank of America Online Banking Service Agreement: Business Services Addendum
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |