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Credit Card Fees FAQs

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What is a balance transfer fee?

A balance transfer fee is charged when you move a part or all of the balance from a non-Bank of America account to your Bank of America credit card. Please refer to your balance transfer offer details and your Credit Card Agreement for specific fee amounts.

What's a late fee?

A late fee is a penalty fee that's charged if the Total Minimum Payment Due shown on your monthly statement is not received on or before the Payment Due Date.

What's a transaction fee?

A transaction fee is a fee charged when making certain cash advance transactions such as bank or ATM cash advances, check cash advances, balance transfers or direct deposits. A transaction fee may also be charged if you make a foreign transaction or if you have overdraft protection on a deposit account that's tied to your credit card. Please refer to your Credit Card Agreement for specific fee amounts by transaction type.

What happens when my credit card is charged with a returned payment fee?

A returned payment fee is assessed if a payment on your account is returned for insufficient funds or for any other reason. The Returned Payment Fee will not exceed the Total Minimum Payment Due immediately prior to assessment of the fee, and will never exceed the amount of the payment being returned.

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