How to Dispute Bank of America's Stop Payment Fees
Stopping payment of a check is commonly done to prevent payment for a good or service that didn't meet the account holder's expectations or if the payment was made in error. However, a stop payment fee is usually assessed by the bank when this transaction is processed. These fees can be pricey, ranging from $20 to $35 for each payment.
In this article, we will take a closer look at Bank of America's process and associated fees. Additionally, how to dispute or waive stop payment fees will be covered. As you will soon learn, DoNotPay can also handle this procedure on your behalf quicker and easier than if you were to do it yourself.
What Is a Stop Payment Action?
A order is a formal request to a bank to cancel a check that has been issued but not yet cashed. The order is typically made by the check's owner and must include specific information about the check, such as the date, amount, and payee. Once the stop payment order is in place, the bank will not honor the check if it is presented for payment.
How Do You Order a Stop Payment at Bank of America?
Before contacting Bank of America, you should first attempt to stop the payment by the business or individual you sent the check to. If this is not possible, Bank of America offers three methods to stop the payment.
From your Bank of America online account. Under Services, click on stop payment on a check.
- By Phone
Call Bank of America Monday to Friday from 7 AM to 10 PM or Saturday and Sunday from 8 AM to 5 PM, to request the stop payment.
- By Mail
Issue a stop payment order in writing a letter to Bank of America.
|Bank of America Contact Information|
|Mailing Address||Bank of America
P.O. Box 25118, Tampa, FL 33633-0900
|Bank of America|
|Find a Branch||Branch Locator|
|Customer Service Page||Contact Us|
You can also reach Bank of America through their social media accounts for other inquiries.
What Are Bank of America's Stop Payment Fees?
Bank of America, as well as other top banks including Chase, TD Bank, and Citibank, charge $30 for each stop payment request. This fee can cost anywhere between a high of $36 at SunTrust Bank to only $15 at Ally-when made over the phone or online. Certain fees may also vary depending on your location.
How to Get Your Bank of America Stop Payment Fees Waived
Bank of America waives your stop payment fees if you have any of the following accounts:
- Advantage Relationship Banking
- Advantage with Tiered Interest Checking
- Advantage Regular Checking
- Preferred Rewards
How to Get a Stop Payment Fee Refunded
If you do not have any of the above accounts that waive stop payment fees, you can attempt to negotiate with the bank to refund the fee. This is more likely to succeed if the stop payment was issued in error, or if it did not go through.
- Have all of your information including bank account number, check number, date written, exact amount, and payee.
- Describe the events leading up to the stop payment transaction and why you believe you should be refunded the fee.
- If you are experiencing financial hardship and this is the first time you're requesting a refund, they are more likely to work with you to get the fee refunded.
- If customer service is unable to reverse the stop payment fee, you can try to escalate the issue with a supervisor or manager.
Get Bank of America Stop Payment Fees Waived With DoNotPay
If you want to get waived with DoNotPay but don't know where to start, DoNotPay has you covered in four easy steps:
- Open the DoNotPay Fight Bank Fees product.
- Enter the name of your bank.
- Verify the last 4 digits of your bank account.
- Choose which fees you want to waive, including overdraft, ATM, and transaction fees.
DoNotPay Can Help With Other Bank-Related Issues
In addition to assisting you with Bank of America stop payment fees, DoNotPay can also work with other bank-related issues:
- Citizens Bank overdraft fees refund
- Chase Bank overdraft fees refund
- PayPal transfer to bank fee
- Bank of America ATM fees
- Fifth Third bank overdraft fees
- Bank of America overdraft fees refund
- TD Bank overdraft fees refund
- Wells Fargo Checking account overdraft fees refund
- Find banks without overdraft fees
- Learn about overdraft fees on weekends
What Else Can DoNotPay Do?
DoNotPay works across all companies, groups, and entities to solve many of life's administrative problems. Here are just some of the many issues DoNotPay can help you with:
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