![]() ![]() We strive to provide you with information about products and services you might find interesting and useful. If you have enough available funds in your account to cover part of an everyday non-recurring debit card purchase, but not the full amount, some merchants will accept those available funds as partial payment and then allow you to pay the balance of your purchase from another source, or will allow you to reduce your purchase to fall within your available balance, such as by reducing the number of items in your cart. When you do not have enough available funds in your account to cover everyday non-recurring debit card purchases or ATM withdrawals, we will decline the transaction and you will not be subject to overdraft fees for those declined transactions. The hold will remain on the account up to 5 business days or until the authorization amount is reduced to $0, whichever occurs first. When this happens, a single authorization is placed on the account and the authorization hold amount is reduced as each item ships. Some internet, phone and mail order merchants send items in multiple shipments. When the transaction is presented to the bank, the actual purchase amount is deducted from your account. The authorization hold amount reduces your available balance and will remain on the account up to 3 business days when your debit card is swiped or inserted in person, or up to 5 business days when used for an internet, phone or mail order transaction. Many merchants request an authorization for the exact purchase amount, but some merchants may send an authorization request for a nominal amount such as $1 or an estimate that is more or less than the actual purchase amount. The purchase amount sent by the merchant for authorization varies by merchant type. An authorization confirms that your account is open and active and that there are enough funds available to cover the purchase amount at the time of the request. ![]() Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.When you use your debit card to make a purchase, the merchant will request an authorization (or approval) for the transaction. Please treat Zelle® payments like cash, once you send the money, you are unlikely to get it back - for example, you do not receive the item you paid for using Zelle® or the item received is not as described. Neither Bank of America nor Zelle® offers purchase protection for payments made with Zelle®. See the Online Banking Service Agreement at /serviceagreement for further details. We will send you an email alert with transaction details after you send money using Zelle®. Transactions between enrolled users typically occur in minutes and transactions between enrolled consumers do not typically incur transaction fees from Bank of America. checking or savings account and must be made from an eligible Bank of America consumer or business deposit account. Transfers require enrollment in the service with a U.S. We recommend that you do not use Zelle® to send money to those you do not know. Zelle® should only be used to send money to friends, family, or others you trust. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. You may also visit the individual sites for additional information on their data and privacy practices and opt-out options. To learn more about ad choices, or to opt out of interest-based advertising with non-affiliated third-party sites, visit YourAdChoices powered by the Digital Advertising Alliance or through the Network Advertising Initiative's Opt-Out Tool. Ads served on our behalf by these companies do not contain unencrypted personal information and we limit the use of personal information by companies that serve our ads. ![]() Relationship-based ads and online behavioral advertising help us do that.īank of America participates in the Digital Advertising Alliance ("DAA") self-regulatory Principles for Online Behavioral Advertising and uses the Advertising Options Icon on our behavioral ads on non-affiliated third-party sites (excluding ads appearing on platforms that do not accept the icon). ![]()
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