Bank of America, N.A.PO Box 25118Tampa, FL 33622-5118. 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. You further agree that Bank of America will not be responsible or liable to you in any way if information is intercepted by an unauthorized person, either in transit or at your place of business. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. The cancel feature is found in the Payment History or Recurring Payments sections. We will tell you the results within three business days after completing our investigation. 1/ Higher limits may apply for Bank of America Private Bank, Merrill or small business accounts. We recommend that you not use the Service to make: Payments to settle securities transactions. Payments can be scheduled from linked checking, money market savings, and HELOC accounts during the draw period. We make security and the protection of your information a top priority. When an account is linked to the Services, it does not change the agreements you already have with us or our affiliates for that account and you are still subject to the terms and conditions we gave you in the agreement and disclosure for the linked account. Transfers require enrollment in the service and must be made from an eligible Bank of America consumer or business deposit account to a domestic bank account or consumer debit card. Text HELP for SMS help, or call us at 800.427.2449, For information about our privacy and security practices and a link to our U.S. Consumer Privacy Notice, go to our website at https://www.bankofamerica.com/privacy, Send us a secure online mail message or call us at 800.432.1000, If you are calling from outside of the continental U.S., call us collect at 925.681.7600, FL1-300-02-07P.O. We may contact you by phone to verify your wire transfer request. You agree that we are not liable for any delays, failure to deliver, or misdirected delivery of any alert; for any errors in the content of an alert or for any actions taken or not taken by you or a third party as the result of an alert. You may send and receive the following types of ACH and Wire transfers: Same Business Day (domestic) Wire Transfer (outbound). If we conclude there was no error, we will send you a written explanation. That means that whenever you make an international money transfer that has to be converted into a different currency, the bank or exchange service that does the conversion skims a little off the top of the transfer amount. Many banks in the US require wire transfers to be made by phone or even in person at a branch. At your option, we may offer you the opportunity to add Payees from our service provider’s network or, with your consent, to access your credit report to help you identify Payees which you would like to add to this service. You're continuing to another website that Bank of America doesn't own or operate. If the financial institution upon which your payment is drawn rejects, refuses, or returns the payment, the payment to your Bank of America credit card, business line of credit or vehicle loan will be reversed and you may incur late payment or other fees. You authorize us to make payments in the manner we select from the following methods: Electronic transmission. Text message fees may apply depending on your mobile carrier plan. By enrolling in the Service and accessing it using your Online ID and passcode, and such other security and identification methods as we may require from time to time, such as security questions or one-time passcodes, you acknowledge and agree that this system includes security procedures for transfers initiated through this Service that are commercially reasonable. Automatic Alerts provide you with important account notifications, such as information about a money transfer, insufficient funds or availability of a paperless statement. But, ACH transfer limits are currently set to $3,000 per day or $6,000 per month for standard … When you enroll to use the Service or when you permit others to whom you have delegated to act on your behalf to use or access the Service, you agree to the terms and conditions of this Agreement. You are also consenting to receive online banking Alerts using auto-dialer technology and to receiving text messages. If you do not agree with a change, you may discontinue using the Services. We reserve the right to refuse to process any request for a foreign exchange transaction. Wire transfers can show up in your account within one to two business days. If you are a small business customer, additional or different terms and conditions applicable to the Services, as well as additional Services available exclusively to small business customers, are included in the Business Services Addendum, which is a part of this Agreement. Find out what are all the fees and charges, and how much time does it take. These Currency Transaction Reports … For transfers other than Remittance Transfers, including general questions, requests for cancellation of payments and transfers, or to report unauthorized transactions, please call us at 800.432.1000 or 866.758.5972 for small business accounts, available Monday through Friday from 7:00 a.m. to 10:00 p.m., and Saturday and Sunday from 8:00 a.m. to 5:00 p.m., local time. Your use of the Services may also be affected by your Deposit Agreement and Disclosures, including the applicable schedule of fees (“Deposit Agreement”), or other agreement with us for your linked Bank of America accounts and/or an agreement with our affiliates for your affiliate accounts linked to the Service, including your investment accounts at Merrill. 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. Payments entered after this cut-off will be scheduled and processed on the next calendar day. 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. Requests received after Cut-off Time will be processed the next business day. Please check your mobile service agreement for details or applicable fees. of this Agreement). If we ask you to put your complaint or question in writing, and we do not receive your letter in 10 business days, we reserve the right not to provisionally credit your account. Using Inter-Institution Transfers from Citibank is easy. A non-sufficient funds fee, returned item, overdraft or similar fee may also apply if you schedule payments or transfers and your available balance is not sufficient to process the transaction on the date scheduled or, in the case of a personal check used for a bill payment, on the date when the check is presented to us for payment. Future scheduled and recurring transfers can be canceled prior to midnight ET on the business day prior to the date the transfer is scheduled to be made. Also, the state law applicable to your account may give you more time to report an unauthorized transaction or may give you more protection. Zelle provides no deposit account or other financial services. All payments under Bill Pay that are sent care of APO/FPO or similar addresses will be sent by corporate or personal check. Payments that are entered after this cut-off time or on a day that is a non-business day will be scheduled and processed the next bank business day. If you are receiving a payment from a business or government agency, your payment will be delivered in accordance with both this Agreement and the procedures of the business or government agency that is sending you the payment. ET on a business day will be applied on the same day. Oftentimes this is just deducted from the transfer amount when the funds are added to the recipient’s account. Bank of America recommends that wire transfer customers sign up for their SafePass feature. You can also print and complete the Ally Bank Domestic Wire Transfer … Unless indicated otherwise by the context, "linked Bank of America accounts" or "linked accounts" refers to all of your accounts with Bank of America and its affiliates that are linked to the Service. It’ll take a little research to find out exactly what your transfer is going to cost in upfront fees, but be aware that the costs can vary greatly between banks and other services, so it may take some time to determine where you can get the best deal. If you close your primary checking account, or there is no longer any eligible funding account linked to your Service, any unprocessed payments will be canceled. We may pay such interest either to you or the intended recipient of the payment or transfer, but in no event will we be liable to both parties, and our payment to either party will fully discharge any obligation to the other. Internal Transfer send limits for both Sections 2.A and 2.B are set at the customer profile (Online ID) and apply to all accounts visible in the “From” dropdown when initiating an Internal Transfer. Notwithstanding anything to the contrary contained herein, the rights and obligations that apply to Remittance Transfers are set forth in the EFTA and, as applicable, as set forth in New York law. We will try to notify you in advance, but we are not obliged to do so. Please review the information for your state in the Personal Schedule of Fees (at www.bankofamerica.com/feesataglance or at your local Banking Center) and in the Online Banking Service Agreement at www.bankofamerica.com/serviceagreement. You may receive transfers from other Bank of America customers in the aggregate of $999,999.00 per week. You will need to provide certain identifying information about each non-Bank of America account in order to register that account for this Service. The sender is the one who provides all the instructions for the transfer, which may include the recipient’s name, bank, account number, amount, and sometimes a pickup location. Limitation of Liability for Online Banking Transactions, C. Our Liability for Failure to Complete Transactions, D. Our Liability for ACH and Wire Transfers, B. Higher limits may also apply for Bank of America Private Bank, Merrill or small business accounts. Once your card and bank are linked, choose “Move Money Out ” and follow the steps to set up an ACH transfer. Small Business Credit Card Security Alerts, Account Restrictions alerts are sent from short code 85594. Box 25118Tampa, FL 33622-5118. If we block a payment that you have initiated through a request for money, we will notify you by email. pretending to be or to represent another person or entity; or (ii). Transfers to Someone Else Using Their Account Number, A. Corporate check – This is a check drawn on our account or the account of our vendor. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. The following limits apply to Zelle transfers.1. . Bill payments from your Bank of America account can be for any amount up to $99,999.99. Next-Business-Day and Three-Business-Day ACH transfers are not available for international transfers. By accepting this Agreement, you agree that you are not engaging in the business of debt collection by attempting to use the Service to request money for the payment or collection of an overdue or delinquent debt; to request money that is owed to another person; or to collect any amounts that are owed pursuant to a court order. You will have no liability for unauthorized transactions if you notify us within 60 days after the statement showing the transaction has been mailed to you (or 90 days if the transaction was from an account maintained at another financial institution). There are transfer limits with most banks. You must contact us within 180 days of the date we indicated to you that funds would be made available to the recipient. External transfers. 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. Information from these sources may make it easier for you to make payments or add relevant e-bills to your Service. A SWIFT code or bank identification code (BIC) identifies the bank that'll receive your wire transfer. You agree that we may send notices and other communications, including passcode confirmations, to the current address shown in our records, whether or not that address includes a designation for delivery to the attention of any particular individual. Zelle neither transfers nor moves money. Know how to send, receive, and all the fees included. We and/or an affiliate include a mark-up or fee on such currency conversion and may profit in connection with any such currency conversion. You agree that we may, Zelle may or our agents may use automatic telephone dialing systems in connection with text messages sent to any mobile phone number you enroll. A Bank of America wire transfer sent domestically, generally arrives at the recipient’s bank within 1-2 business days. Once a payment has begun processing, it cannot be canceled. We don’t charge a fee for outbound transfers. The outgoing bank … We do not accept any liability for our exchange rates. For domestic wire transfers, fees can range between $15 and $20 for the receiver and $25 and $35 for the sender. Bank of America, N.A. When sending an international wire transfer to a new account, you’ll need either your Bank of America credit or debit card information (account number, expiration date and 3-digit security code) or the one … If you give your Online ID and passcode and grant authority to make transfers to a person who exceeds the authority given, you are responsible for all transactions that person performs unless you notify us that the transfers by that person are no longer authorized. If the recipient has not yet enrolled, you may cancel by going to the Zelle section of the Bank of America website or mobile app and tapping on “Activity”. All rights reserved. To send or receive a wire transfer at your RBC Royal Bank … Note that you may not link HELOC accounts opened in Texas. OR FAILURE OF TRANSPORTATION OR COMMUNICATION METHODS OR POWER SUPPLIES. Some accounts and services, and the fees that apply to them, vary from state to state. This means that most people can transfer … For Remittance Transfers, please see the contact information in Section 5.F. ET will be applied on the same day. 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. You acknowledge that if Bank of America attempts to cancel or amend a transfer, then the reversal request or amendment must be agreed to by each financial institution which has accepted a payment order related to the transfer at issue before it will be acted upon and you further agree that Bank of America shall have no liability if a cancellation or amendment is not completed. You may also request to cancel a future scheduled or recurring transfer by calling us at. You can access our Online Privacy Notice and U.S. Consumer Privacy Notice at https://www.bankofamerica.com/security-center/overview/, which are incorporated into and made a part of this Agreement by this reference. You agree to: 1) keep your passcode secure and strictly confidential, providing it only to authorized signers on your account(s); 2) instruct each person to whom you give your passcode that he or she is not to disclose it to any unauthorized person; and 3) immediately notify us and select a new passcode if you believe your passcode may have become known to an unauthorized person. $45.00 (US Dollar transfer) $0.00 (Foreign currency). It is not intended to amount to advice on which you should rely. If we need to, we’ll 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. The terms and conditions for those account agreements, including any applicable fees, transaction limitations, liability rules and other restrictions that might impact your use of an account with the Services, are incorporated into this Agreement. 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. Some banks can deduct the money for the transfer from the account it’s being sent from automatically. We do our best to provide alerts in a timely manner with accurate information, but alerts may be delayed or prevented by a variety of factors beyond our control (such as system failures or misdirected delivery). And if you send money to a friend or family member either in the US or abroad, anything over $15,000 requires filing a gift tax return.3. For the provisions governing our liability for ACH or Wire Transfers, please see Section 5.E above. 3/ Funds transferred as a payment to an eligible credit card, business line of credit, home equity line of credit during draw period (“HELOC”), installment loan or mortgage (together “Loan Accounts”) will be credited with the date the payment is submitted. The cancel feature is found in the Transfer Activity or Recurring Transfers sections. Many banks and transfer services don’t use the real exchange rate; instead, they mark up their rates, on average, 3-5%. Normal account fees and service charges, such as stop payment requests, check copy orders and account statement copy orders. If you are calling from outside of the continental U.S., call us collect at 925.681.7600. Payments to your vehicle loan account initiated before 5 p.m. If we make a payment or transfer in an erroneous amount that exceeds the amount per your instructions, or if we permit an unauthorized payment or transfer after we have had a reasonable time to act on a notice from you of possible unauthorized use, unless otherwise required by law or as otherwise provided in this Agreement, our liability will be limited to a refund of the amount erroneously paid or transferred, plus interest thereon from the date of the transfer to the date of the refund, but in no event to exceed 60 days' interest. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. Please note that the exchange rate may be different from the original rate applicable to the transfer, which may result in a loss to you. 2/ For Direct Payments Service, see the Business Services Addendum for details on fees and limits. Want to know why those limits exist? The wire transfer … Verify your identity in the app now to sign in to Online Banking. Bank of America supports transfers to 200+ countries in more than 140 currencies. International wire transfers can take up to 15 calendar days but may be received sooner. Check with your individual carrier to confirm availability. 2. Any and all liability for our exchange rates is disclaimed, including without limitation direct, indirect or consequential loss, and any liability if our exchange rates are different from rates offered or reported by third parties, or offered by us at a different time, at a different location, for a different transaction amount, or involving a different payment media (including but not limited to bank-notes, checks, wire transfers, etc.). In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. He states, “To be told they ALLOWED me to have access to … We may terminate your participation in any or all of your Services for any reason, including inactivity, at any time. Page 1 of 2 (See reverse side for more information.) In the case of any messages that you may send through either us or, Your wireless carrier is not liable for any delay or failure to deliver any message sent to or from us or, To cancel text messaging from us, text STOP to. 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. … This can be inconvenient, which might result in you leaning toward an alternative transfer service like TransferWise that allows you to handle everything online. We will refer to financial institutions that have partnered with Zelle as “Network Banks.”. Requests for money are solely between the sender and recipient and are not reviewed or verified by us or by Zelle. For international wire transfers, in addition to our standard wire transfer fee, other fees may also apply, including those charged by the recipient’s financial institution, foreign taxes, and other fees that are part of the wire transfer process. Bank of America customers may use Bill Pay to make payments to companies or individuals (“Payees”) in the following manner: When you attempt to schedule a payment, we will inform you of the earliest available delivery date. If the beneficiary's bank agrees to return the funds to us, then upon confirmation of receipt of funds in our account, we will credit your account at the current Bank of America retail buy rate for that currency that day (see below). Equal Housing Lender © 2020 Bank of America Corporation. Bank of America Bank of America Swift Code BofA Wire Transfer Fees. 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