Christie Matherne, Credit Card Writer
@christie_matherne
The Bank of America cash advance limit is equal to a portion of your overall credit limit, and you can find more details on your monthly statement or by calling Bank of America customer service. You'll also need to contact customer service to get a PIN if you're getting a cash advance at an ATM.
Key Things to Know About Bank of America Cash Advances
- Bank of America charges fees and separate interest rates for cash advances. Bank of America charges a fee of 4% to 5% and an interest rate of 4% to 5% up to 27.99% Variable.
- There’s no grace period for Bank of America cash advances. The amount of cash you withdraw will start to accumulate interest right away, with no grace period.
- ATM fees and limits are possible. Out-of-network ATMs can get expensive. ATM owners typically charge a fee of around $2 - $5, and banks often charge their customers another $1 - $2 fee for using out-of-network ATMs on top of that. Different ATMs may have their own cash withdrawal limits, as well.
Due to their extremely high cost, cash advances should only be used for emergencies. To learn more, check out WalletHub’s guide to credit card cash advances.
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People also ask
How can I get a Bank of America cash advance?
To get a Bank of America cash advance, use a Bank of America credit card and a corresponding PIN at a participating ATM and withdraw the cash, up to the card’s available cash advance limit. If you do not have a PIN, contact Bank of America customer service at 1 (800) 732-9194 to request one.
How to Get a Bank of America Cash Advance at an ATM
- Call Bank of America customer service at 1 (800) 732-9194 and...
How much is the Bank of America cash advance fee?
The Bank of America cash advance fee is 3% to 5%, depending on the type of transaction. Bank of America cash advance fees are 3% for direct deposits and convenience checks, and 5% for cash withdrawals in person or at an ATM.
Bear in mind that when you get a cash advance, you will incur other costs in addition to the Bank of America cash advance fee, including an expensive cash advance APR that...
read full answer by Chip Lupo, Credit Card WriterHow do you get a cash advance from a credit card?
To get a cash advance from a credit card, you can withdraw the cash from an ATM using the four-digit PIN associated with your account. You can also ask the teller at a local bank branch for a cash advance, or use a convenience check from your credit card company.
How to Get a Credit Card Cash Advance at an ATM
- Insert your card.
- Enter your 4-digit security PIN.
- Select the...
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