Bank Of America Mortgage Late Fee

– Bank of America (BOA) states that you may be charged a late-payment fee on your credit card account for a variety of reasons. Your mailed payment might have been delayed or you may have transferred money from an automatic teller machine after the cut-off time for that day.

Consumers who make payments from Bank of America accounts are not subject to the fee. This is absurb, paying money to pay money! They already charge a $59 late fee if you pay after the 15th of the month, and now they are charging an additional $6! The current state of things is really not any better.

Zelle P2P payments increased 79 percent year-over-year (YoY) in the second quarter of 2019, Bank of America said Wednesday (July 17), signaling the latest burst of growth for that payment method.

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B of A Redefines ‘Grace Period’ With New Fee. – Consumers who use the bank’s online payment tool, Mortgage Pay, will risk a $6 fee if they fund payments using another bank’s checking account and the payment falls during the final six days of the traditional 15-day grace period.

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