Bank of America (BAC) and Fifth Third (FITB) have joined a growing number of large banks that have simplified disclosure notices on retail checking accounts.

In announcing the moves Wednesday, the banks join such rivals JPMorgan Chase (JPM), Wells Fargo (WFC) and Capital One (COF) that have in recent months started offering easy-to-read descriptions of account rules and fees.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.