For businesses who use the additional services described in the Business Services Addendum, this section applies to all Online Banking passwords, including those assigned to users or Administrators. With respect to payment orders relating to the transfer which are executed through CHIPS, the CHIPS Operating Rules shall govern the payment orders. You may also write us at: For the Services, our business days are Monday through Friday, excluding bank holidays. However, alerts may include your name and some information about your accounts, such as your accountbalance or due date. If you open an additional eligible account at a later date, we will link your new account to the Service, unless you tell us not to do so. Bank of America will send the payment out on that business day and, except for Remittance Transfers the beneficiarys bank typically receives the funds 1 to 2 business days later and the funds typically will be credited to the beneficiary within 2 business days. After you enter your account and routing number, we may need to verify your account . Does Bank of America charge balance transfer fees? In order to avoid potential duplicate payments to the same biller, you agree to turn off any e-bills or other duplicate electronic billings or recurring payment arrangements you have with the same Payee from whom you elect to receive a RFP. Payments can be scheduled from linked checking, money market savings, and HELOC accounts during the draw period. Please enter a valid 10-digit phone number. You may request copies of the documents that we used in our investigation. Automatic Alerts provide you with important account notifications, such as information about a money transfer, insufficient funds or availability of a paperless statement. Except as otherwise provided in this Agreement, neither we nor Zelle shall have liability to you for any transfers of money under the Service, including without limitation, (i) any failure, through no fault of us or Zelle to complete a transaction in the correct amount, or (ii) any related losses or damages. 2) Enter the amount you want to transfer, the accounts you want to transfer from and to, the transfer date and delivery speed. We must hear from you no later than 60 days after we have sent the FIRST statement on which the problem or error appeared (or 90 days if the problem or error relates to a transfer from an account maintained at another financial institution). If we need to, well change or reformat your Payee account number to match the account number or format required by your Payee for electronic payment processing and eBill activation. This process may impact when fees apply to your account. ACH transfers cost a few bucks at most, but sending a bank wire transfer within the U.S. tends to cost from $20 to $30, and there's usually a fee to receive one. We reserve the right, but assume no obligation, to terminate your ability to send requests for money in general, or to specific recipients, if we deem such requests to be potentially unlawful, abusive, offensive or unwelcome by the recipient. For small business customers, if you transfer funds in U.S. dollars to a non-U.S. dollar account, your payment may be converted into the local currency by any originating, intermediary or receiving bank, payment system or payment service provider, including Bank of America or an affiliate, as applicable. The confirmation code or number of the transaction. D required banks to limit the number of transfers or withdrawals from savings deposit accounts, a term that includes both savings accounts and money market accounts . Transfers submitted after the cutoff time or on a non-business day will be credited on the next bank business day. How do I change my automatic transfer Bank of America?----------Our main goal is creating educational content. The unauthorized use of your Online Banking services could cause you to lose all of your money in your accounts, plus any amount available under your Balance Connect overdraft protection service. Its owner is solely responsible for the website's content, offerings and level of security, so please refer to the website's posted privacy policy and terms of use. In most cases, when you are sending money to another user, the transfer will occur in minutes; however, there are circumstances when the payment may take longer. It may take up to 2 business days for these updates to be reflected in your account balances, funds availability, and transaction posting. If you opt out, though, you may still receive generic advertising. We will determine whether an error occurred within 90 days after you contact us and we will correct any error promptly. When you do, please tell us: 1. The same rule applied to money market accounts. As the second-largest banking institution in the US, it caters to a substantially longer country list than banking US banking giant Chase Bank. You will have no liability for unauthorized transactions if you notify us within 60 days after the statement showing the transaction has been sent to you (or 90 days if the transaction was from an account maintained at another financial institution). You agree to indemnify, defend and hold harmless us, Zelle, our and their owners, directors, officers agents and Network Banks from and against all claims, losses, expenses, damages and costs (including, but not limited to, direct, incidental, consequential, exemplary and indirect damages), and reasonable attorney's fees, resulting from or arising out of any request for money that you send that is related to overdue or delinquent amounts. Currently, the Real Time Transfer option is only available for transferring between your own accounts of Chase and other financial institutions, not to transfer to other people's accounts. When you apply for, enroll in, activate, download or use any of the Services described in this Agreement or authorize others to do so on your behalf, you are contracting for all Services described in the Agreement and agree to be bound by the terms and conditions of the entire Agreement, as well as any terms and instructions that appear on a screen when enrolling in, activating or accessing the Services. ACH transfer is an electronic means to move money between accounts in different banks. In addition, a bank may report any transaction of any amount that alerts its suspicions. The best way to minimize your loss is to call us immediately. We will notify you by email if we block a payment that you have initiated using the Service. You agree that by continuing to use the Services after the date that changes are posted to our website, such changes will be effective for transactions made after that date, whether or not you access the website or otherwise receive actual notice of the changes. Bank of America money transfer fees are prohibitive for all those who maintain a USD account. Unless otherwise required by law, in no event will Bank of America be liable to you for special, indirect or consequential damages including, without limitation, loss or damage from subsequent wrongful dishonor resulting from our acts or omissions or lost profits, even if we are advised in advance of the possibility of such damages. 3. For information regarding your liability for unauthorized transactions, see section 8 of this Agreement. If you need further assistance text HELP to any of the following codes for more information. Make YOUR next transfer using the Bank of America Mobile Banking App. . NEITHER WE NOR OUR VENDORS, INCLUDING OUR OR THEIR OWNERS, DIRECTORS, OFFICERS OR AGENTS, WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE OR ERROR-FREE, OR THAT DEFECTS WILL BE CORRECTED. We may terminate your participation in any or all of your Services for any reason, including inactivity, at any time. All other scheduled and recurring transfers will be debited from the funding account at the beginning of the business day requested. Opting out of the alerts will automatically STOP all security alerts from being sent to you. As part of Online Banking enrollment, you consented to theOnline Banking Electronic Communications Disclosure (eCommunications Disclosure) which allows us to provide you with account-related communications electronically. ET will be credited with the date the payment is submitted. By participating in BankAmeriDeals, the Bank will also share anonymized transaction information with participating merchants, third parties and card networks to administer your benefits and rewards. Failure to do so may result in over payments. Dollars and only between accounts at banks located in the United States that are participating in RTP. Payments can be entered as a one-time transaction up to a year in advance, or as payments that are automatically scheduled upon the receipt of an e-Bill. Another method of transferring large amounts between banks is using a bank-to-bank transfer. . The Services will also end if you close all accounts linked to your Online Banking profile. ET cut-off. We will only use personally identifiable information in accordance with our Online Privacy Notice and U.S. Consumer Privacy Notice. ET cut-off. Bank of America wire transfer customer service. Anyone who has access to your messages could view the alert information. General and Security alerts are automatically activated and sent to your primary email address. We will tell you the results within 3 business days after we complete our investigation. The best way to cancel a future scheduled or recurring payment is to follow the instructions on our website. 1 Enter the amount and select your funding account. If you wish to continue to receive the e-Bills after the introductory period, please follow the instructions at the e-Bills page of Bill Pay. In either case, although the bank allows large transfers, it still must report those over a certain amount. One time transfers may be made at any time and are immediately debited from a checking or savings account's available balance. 5/ To be eligible to receive a next business-day ACH transfer, you must first have received an aggregate of $500.00 in one or more three business day ACH transfers, and the first three business day ACH transfer must have been at least 60 days prior to the first next business day ACH transfer. All payments under Bill Pay that are sent care of APO/FPO or similar addresses will be sent by corporate or personal check. You may use the Service to make payments on your eligible Bank of America Loan accounts without a fee, on either a one-time or recurring basis, from your consumer asset account maintained at another financial institution that you have added to Transfers. ACH/Wires send limits are set at the customer profile (User ID) and apply to all accounts visible in the From dropdown when initiating an ACH/Wire payment. This Agreement governs your use of any online or mobile banking services maintained by Bank of America and accessible through bankofamerica.com using a personal computer or a mobile device, including a smartphone, tablet, or any other eligible handheld or wearable communication device (the Service(s)). 1/ Higher limits may apply for Bank of America Private Bank, Merrill or small business accounts. For information regarding your liability for unauthorized transactions, see section 8 of this agreement. You certify that any account you add to Bill Pay is an account from which you are authorized to make payments, and any payment you make using Bill Pay will debit an account that you are legally authorized to use. Their Regular Savings requires a minimum daily balance of $20,000 to avoid this fee. Apple, the Apple logo, iPhone, iPad, Apple Watch and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries. We reserve the right to restrict categories of Payees to whom payments may be made using the Service. We will tell you the results within three business days after completing our investigation. We will refer to financial institutions that have partnered with Zelle as Network Banks.. Some accounts and services, and the fees that apply to them, vary from state to state. We shall not be liable for your attorney's fees, except as required by law. You agree to receive money requests from other Users, and to only send requests for legitimate and lawful purposes. You are also responsible for the content of the memos you send using Zelle. If we do elect to initiate the transfer, which may involve one or more attempts on subsequent business days, it may cause an overdraft in your account in which case you shall be liable for the overdraft and any overdraft fees, as set forth in your Deposit Agreement. For Current Bank of America Cardholders. Money transfer Payments to your vehicle loan account initiated before 5 p.m. Wire transfers enable you to transfer large amounts of money. Please see Section 6.F for the cancellation procedures applicable to Remittance Transfers. Your Credit Card/ Business Line of Credit/HELOC. The best way to cancel a transfer is to log in to your account at www.bankofamerica.com and select Transfers>Send Money To Someone>Using their account number at another bank to access the right transfers activity tab. This cancellation applies to your Services, and does not terminate your Bank of America accounts. However, some banks have a low limit of $2,000. You may ask for copies of any documents we used in our investigation. How to transfer money. Their sort code. You can opt out of security alerts anytime by sending the word STOP to the applicable short codes below. Instant transfer: If instant transfers are available on your account, you can send funds to your linked, external bank account 24 hours a day, seven days a week, for a 1.5% fee per transfer. Member FDIC. If a corporate check is returned to you prior to the end of the ninety (90) day period, please inform us immediately so that we can stop payment on the check and re-credit your account. . For payments made by electronic transmission or corporate check, the payment amount will be debited from the account that you designate on the scheduled delivery date. A transfer submitted through the Service may not be canceled once the recipient has enrolled. If you have the recipient's account number and routing number, there is another way you can transfer money from your bank account into that account. Transfer money between your accounts immediately 2. Within a 7-day period, you can transfer up to $20,000 to your bank account or debit card. You may cancel one or more of your Services at any time by notifying us of your intent to cancel in writing, through Online Banking secure mail, or by calling customer service at 800.432.1000. When you interact with Erica by voice, the discussions are recorded and saved for 90 days so they can be analyzed to help refine listening skills. 2022 Bank of America Corporation. 2022 Bank of America Corporation. From outside the U.S., call us collect at 302.781.6374. If we fail to process a payment in accordance with your properly completed instructions and the RTP requirements, we will reimburse you for any late payment fees charged by the Payee, in addition to any other remedies that may be available to you under Section 8 of this Agreement. You agree to: 1) keep your password secure and strictly confidential, providing it only to authorized signers on your account(s); 2) instruct each person to whom you give your password that he or she is not to disclose it to any unauthorized person; and 3) immediately notify us and select a new password if you believe your password may have become known to an unauthorized person. Bank Wire Transfer Limits. Your rights with respect to Remittance Transfers will be explained to you in a disclosure provided to you at the time you initiate each Remittance Transfer. Bank of America Online Banking Service Agreement, Table of Contents: For payments to a Bank of America Payee, such as a vehicle loan, HELOC or mortgage, Bank of America will process and credit the payment to the account effective the same business day, provided the payment is scheduled prior to the 5:00 p.m. Please contact your advisor for more information on your limits. You may make a one-time immediate payment or a future-scheduled payment in response to a RFP. Please check your mobile service agreement for details or applicable fees. ; Scams - Recipient convinces a Sender to send money with Zelle by (i). Except for Remittance Transfers, if you direct us to begin processing a transfer immediately or a transfer's status is In Process or Processed, you no longer have the right to cancel it. You understand that use of this Service by you shall at all times be subject to (i) this Agreement, and (ii) your express authorization at the time of the transaction for us or another Network Bank to initiate a debit entry to your bank account. Furthermore, a returning bank and/or beneficiary's bank may assess charges for their services, which will be deducted from the amount returned to you. If a User ignores your request, we may decide or Zelle may decide, in our sole discretion, that we will not send a reminder or repeat request to that User. Select "For credit card balance transfers.". (Bank of America). If you owe $4,000 on another card and your Bank of America card has a credit limit of $3,000, you won't be able to transfer the entire amount. Payments to your credit card and vehicle loan accounts from your consumer asset account maintained at another financial institution can be for any amount up to $9,999,999.99, with the exception of charged-off credit card accounts which have a payment limit of $249,999.99. 1/ For domestic transfers, funds will be debited from your Bank of America account on the business day you direct us to initiate processing of the transfer, and typically will be credited to the receiving account on the same business day, next business day or third business day after the transfer is initiated, depending on your choice. 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