Why Did Bank of America Close My Business Monetary Records?

If you are like millions of people, you are curious as to why your business’ monetary records were closed by Bank of America. This bank started out in California, but soon expanded outside of the state, including in many other parts of the country. In the 1980s, it started a business that specialized in consumer banking. In the 1990s, the bank was sued for breach of contract by a former customer, and the resulting lawsuit was settled for nearly a billion dollars.

If you are worried about losing your business’ monetary records, don’t be. Bank of America will process your payments as quickly as possible. As long as you initiate your payments before the 11:59 p.m. ET cutoff, your transactions will be processed on the same day. If you make your payment after that, it will be processed the next day, which may affect when you’ll be charged fees.

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