BANK OF AMERICA* Charge (What It Is + Is It Legit?)
✓ LegitimateThe "BANK OF AMERICA*" charge is from Bank of America. Bank of America fee or transaction.
Bank of America
Bank of America fee or transaction.
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.
What should you do?
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.
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.
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.
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.
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.
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