As described above, a Remittance Transfer is an electronic transfer of funds initiated by a consumer primarily for personal, family or household purposes to a designated recipient in a foreign country. For Remittance Transfers, the exchange rate to be applied to the transfer will be set forth in disclosures provided to you for the transfer in accordance with federal law. However, alerts may include your name and some information about your accounts, such as your accountbalance or due date. For bank-to-bank transfers, all you need is the receiver's bank account information, including the routing number if applicable. We will refund your money within three business days of your request to cancel a transfer as long as the funds have not already been picked up or deposited into a recipient's account. You're continuing to another website that Bank of America doesn't own or operate. If an account does not have sufficient available funds on the scheduled date, we may elect not to initiate one or more of the transfers. Balance Connect for overdraft protection is an optional service which allows you to link your eligible checking account to up to 5 other Bank of America accounts and automatically transfers available funds from your linked backup account(s) to cover transactions that exceed the available balance in your checking account. IF YOU ARE DISSATISFIED WITH THE SERVICES OR WITH THE TERMS OF THIS AGREEMENT, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE SERVICES. Please contact your advisor for more information on your limits. In addition to the fees already described in this Agreement, you should note that depending on how you access the Services, you might incur charges for: The Services are available 365 days a year and 24 hours a day, except during system maintenance and upgrades. In either case, although the bank allows large transfers, it still must report those over a certain amount. 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. THE SERVICE IS INTENDED FOR SENDING MONEY TO FAMILY, FRIENDS AND OTHERS WHOM YOUTRUST. You may make payments 24 hours a day, 7 days a week, including weekends and holidays. Information from these sources may make it easier for you to make payments or add relevant e-bills to your Service. At an ATM Sign in and go to Move money Sign in to Online Banking and select the Move money tab from the menu at the top of your screen, then select Account transfers. How do I change my automatic transfer Bank of America?----------Our main goal is creating educational content. THE SERVICE IS INTENDED TO SEND MONEY TO FRIENDS, FAMILY AND OTHERS YOU TRUST. The Regulation D Federal Reserve board rule used to limit you to six transactions per month on certain transfers from savings or money market accounts. Bank of America: Up to $3,500: Up to $20,000: Chase - For personal checking accounts: up to $2,000 - For private client and business checking accounts: up to $5,000 - For personal checking accounts: up to $16,000 - For private client and business checking accounts: up to $40,000: TD Bank - Instant transfers: up to $1,000 See Section 6.F for special rules applicable to Remittance Transfers. Transfers between an Ally Bank account and an Ally Invest account can be made Monday through Friday from 8:00 a.m. to 3:55 p.m. EST and can take anywhere from a few minutes up to five business days, depending on . Balance not sent instantly will be sent on your normal schedule. For example, Chase Bank sets the limit at $100,000 for individuals, but offers higher limits to businesses on request. By participating as a User, you represent that you are the owner of the email address, mobile phone number, and/or other alias you enrolled, or that you have the delegated legal authority to act on behalf of the owner of such email address, mobile phone number and/or other alias to send or receive money as described in this Agreement. Bank of America hereby gives notice that Same-Business-Day domestic transfers and international outbound transfers may be executed through Fedwire, a funds transfer system operated by the Federal Reserve Banks, through CHIPS (Clearing House Interbank Payments System), a funds transfer system operated by The Clearing House or through SWIFT (Society for Worldwide Interbank Financial Telecommunication). If we are unable to confirm that you are the owner of the mobile phone number or email address, then you understand that we may cancel your enrollment and you will not be able to send or receive money with the Service until you enroll again. Unless you have a minimum daily balance of an amount that varies with each savings account type. Member FDIC. Move funds between business and personal accounts Set future-date transfers up to a year in advance From the mobile app: 3 Use your fingerprint to securely log in. NEITHER WE NOR ZELLE OFFER A PROTECTION PROGRAM FOR AUTHORIZED PAYMENTS MADE THROUGH THE SERVICE (FOR EXAMPLE, IF YOU DO NOT RECEIVE THE GOODS OR SERVICES THAT YOU PAID FOR, OR THE GOODS OR SERVICES THAT YOU RECEIVED ARE DAMAGED OR ARE OTHERWISE NOT WHAT YOU EXPECTED). You can discontinue a specific e-Bill by signing into Bill Pay and selecting cancel the e-Bill trial., To be removed from all future e-Bill trial enrollments, please e-mail customer care at. The error or problem with the transfer, and why you believe it is an error or problem; 3. The money may also be delayed or the transfer may be blocked to prevent fraud or comply with regulatory requirements. Erica is the Banks virtual financial assistant (a bot) that provides automated responses to your questions. Otherwise, Bank of America will cancel any scheduled payments within two (2) business days from the date we receive your request to discontinue the Service. You understand that when you send the payment, you will have no ability to stop it. 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. (Potentially) USD 10 and USD 100 in correspondent bank fees. Tap "Transfer" and then choose "Account or Brokerage Transfer". General & Security Alerts are sent to you when important changes are made online to your account, such as changing your email or home address, telephone number, User ID or password, or unusual card activity. 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. You expressly agree that Bank of America shall be liable to you only for our negligent performance or non-performance of the ACH and Wire Transfer services, and that our responsibility shall be limited to the exercise of reasonable and ordinary care. Heads Up:The Fed continues to raise rates up 3% this year making credit card debt even costlier. 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). 3) Select Continue. You agree that you will not use the Service to send money to anyone to whom you are obligated for tax payments, payments made pursuant to court orders (including court-ordered amounts for alimony or child support), fines, payments to loan sharks, gambling debts or payments otherwise prohibited by law, and you agree that you will not use the Service to request money from anyone for any such payments. 1/Private Bank and Merrill Lynch Wealth Management clients may be subject to higher dollar limits and total transfers. Youll receive a confirmation that the transfer was successful.. and thats it! We reserve the right to suspend or terminate your use of the Service if we believe, in our sole discretion, that you are using the Service for other purposes, orif we believe you are using the Service in a manner that exposes Bank of America or Zelle to liability, reputational harm or brand damage, including but not limited to using the Service to request, send or receive money related to any of the following: Illegal or brand damaging activities include, but are not limited to: We may determine other eligibility criteria in our sole discretion. Higher transactionlimits may also apply for Bank of America Private Bank, Merrill or small business accounts. 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. Screen images simulated. 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. Equal Housing Lender 2022 Bank of America Corporation. The institution holding your deposit account may impose a returned item or other fee. Neither we nor Zelle guarantee that you will receive money from other Users by sending a payment request, or that you will receive the amount that you request. 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.). These ads are based on your specific account relationships with us. You may receive transfers from other Bank of America customers in the aggregate of $999,999.00 per week. If we conclude there was no error, we will send you a written explanation. Outgoing Transfer Limits. Wire transfers can't be done on the Bank of America app. Payments to your vehicle loan account initiated before 5 p.m. Please note that some of the Services may not be available at all times or when using certain digital devices or applications. Hide all Topics. Transfers submitted after the cutoff time or on a non-business day will be credited on the next bank business day. 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. Transfers to accounts located outside the United States are available for outbound transfers only and are subject to the delivery times indicated above. 2/ Transfers to a Bank of America checking or savings account made after the applicable cut-off time indicated above but by 11:59 p.m. on a business day in the State where your checking or savings account was opened, will be posted as of the next business day in your transaction history, but will be included in the balance we use to pay transactions that night. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Within a 7-day period, you can transfer up to $20,000 to your bank account or debit card. below. Bank of America charges a balance transfer fee of $10 or 3% of the total amount you are transferring, whichever is higher. Press enter to disable closed captioning. However, with respect to Remittance Transfers, to the extent of any inconsistencies between the above referenced rules and the provisions of the Electronic Funds Transfer Act ("EFTA"), the provisions of EFTA shall prevail. When you first set up your Online/Mobile ID, we will link all of your eligible Bank of America and affiliate accounts, including joint accounts. For information regarding your liability for unauthorized transactions, see section 8 of this agreement. 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. One time transfers may be made at any time and are immediately debited from a checking or savings account's available balance. Before scheduling any vendor payment, you agree that you will have received authorization from the vendor to make the payment by electronic means. On screen copy: The Zelle related marks are used under license from Early Warning Services, LLC. However, some banks have a low limit of $2,000. Make YOUR next transfer using the Bank of America Mobile Banking App. A one-time transfer cannot be cancelled after it has been submitted. Consequently, it takes a little less than a week to post the money to your Checking Account. We will try to notify you in advance, but we are not obliged to do so. Call Bank of America at 877-337-8357. NEITHER WE NOR OUR VENDORS, INCLUDING OUR OR THEIR OWNERS, DIRECTORS, OFFICERS OR AGENTS, WARRANT THAT THE WEB SITE, OR THE SERVER THAT MAKES THEM AVAILABLE, IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. You may ask for copies of any documents we used in our investigation. This process may impact when fees apply to your account. 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. This Agreement is between each owner of an eligible account, a person applying for an eligible account, or authorized representative appointed or entitled to online access on another persons behalf (you or your) and Bank of America, N.A. In this case, we will provisionally credit your account within 10 business days for the amount you think is in error, so that you have the use of the money during the time it takes us to complete our investigation. The name of the person receiving the funds, and if you know it, his or her telephone number or address; 4. Not so great if you are looking for varied transfer options. We will have no liability to you if the beneficiary's bank or foreign beneficiary refuses your request to recall the international wire transfer. However, if you are new to this, or are just uncomfortable with the process, you can always just walk into your local branch and ask a teller to do it. You must provide us with an email address that you use and access regularly and/or a permanent U.S. mobile phone number that you intend to use for an extended period of time. Except for Remittance Transfers, you can cancel future scheduled and recurring domestic transfers prior to midnight ET on the date processing for the transfer is scheduled to be initiated by accessing the Transfers page and selecting To/From my accounts at other banks or To someone else or business This is the preferred method for cancelling transfers. 2022 Bank of America Corporation. Citi) weren't allowing zelle transfers directly to bank account numbers, they were making the recipient get a zelle account. 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. I don't know what all the limits, rules are but I've had millions wired routinely so I think it's mainly just whatever their line of credit is. Normal account fees and service charges, such as stop payment requests, check copy orders and account statement copy orders. 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. A one-time immediate payment cannot be canceled after it has been submitted. Please note that beneficiary banks located in some countries may take several days or even weeks to credit the receiving account. Screen images simulated. Bank of America will not be liable for interest compensation, as otherwise set forth in this Agreement, unless Bank of America is notified of the discrepancy within 30 days from the date of your receipt of the confirmation or your bank statement including the transfer, whichever is earlier. You agree to be bound by instructions, whether authorized or unauthorized, which we implement in compliance with these procedures, unless you have given us prior notice of possible unauthorized use as described above (and we had a reasonable opportunity to act on such notice). Explore credit cards, savings or checking accounts, home loans and investment services. The exchange rate you are offered may be different from, and likely inferior to, the rate paid by us to acquire the underlying currency. Future scheduled or recurring payments that fall on a weekend or a non-business day will be processed on the prior business day. The transfer limit for bank wires is $100,000 per day, per client. 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