What is the difference between transferring funds from my credit card and requesting a direct deposit from my credit card?
Immediate transfers processed through the Transfers tab from your Bank of America Credit Card Account to your Bank of America checking or savings accounts (Same-Day Online Cash Advance) are considered Bank Cash Advance transactions. These transfers are subject to your Cash Credit Line Available, will be processed at the higher Bank Cash Advance Annual Percentage Rate (APR), in addition these transactions may be subject to transaction fees. In contrast, Direct Deposits are from your personal credit card, may take up to 5 days to process; are subject to your Total Credit Available; are processed at the Direct Deposit and Check Cash Advance (APR) and may be subject to transaction fees. These Direct Deposits transactions are fulfilled via an ACH (Automated Clearing House) and can be transferred to deposit accounts outside of Bank of America. Consult your Credit Card Agreement for any applicable transaction fees.
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