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BANK OF AMERICA* Charge (What It Is + Is It Legit?)

✓ Legitimate

The "BANK OF AMERICA*" charge is from Bank of America. Bank of America fee or transaction.

🌍 US✅ Community verified
Bank of America

Bank of America

Bank of America fee or transaction.

BANK OF AMERICA*

Category

Banking

Avg. Charge

Variable

Country

US

Billing Cycle

Variable

Cancel At

bankofamerica.com/account

Support

See website

Why does this charge appear?

When Bank of America processes internal fees, service charges, or account-related transactions, their billing systems often transmit the descriptor "BANK OF AMERICA*" to your statement rather than the full formal name, because the asterisk format is a standardized shorthand used across their automated payment and fee-processing infrastructure. The truncation and asterisk are artifacts of character limits imposed by card networks and banking transaction systems, which cap merchant descriptor fields at around 22-25 characters, leaving no room for the complete legal entity name. If you see "BANK OF AMERICA*" on your statement, it typically reflects a direct charge from the bank itself, such as a monthly maintenance fee, overdraft charge, or wire transfer fee, rather than a third-party transaction.

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What should you do?

1

Verify the charge on Bank of America's website

Log into your account at bankofamerica.com and navigate to your transaction history to confirm the BANK OF AMERICA* charge matches a known fee or transaction, such as a monthly maintenance fee, overdraft fee, or wire transfer charge.

2

Review your Bank of America fee schedule

Visit bankofamerica.com and check your account's fee schedule under account details to determine if the BANK OF AMERICA* charge aligns with any standard banking fees associated with your specific account type, such as a checking or savings account.

3

Contact Bank of America directly for clarification

If you are unsure what the BANK OF AMERICA* charge covers, call the number on the back of your Bank of America card or visit a local branch to speak with a representative who can explain the exact nature of the fee or transaction.

4

Manage or adjust your Bank of America account settings

To avoid unexpected BANK OF AMERICA* fees in the future, log into your account at bankofamerica.com/account to review and update your account preferences, set up balance alerts, or explore options to waive recurring fees by meeting minimum balance requirements.

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Is this charge fraudulent?

No, this is a legitimate charge from Bank of America. However, if you did not authorize this charge or cancelled your subscription, you may be eligible for a refund.

Frequently Asked Questions

Community Reports (1)

1 votes
Confirmed legitimate
100%
Reported fraud
0%

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