Before we start, just know that, in most cases (meaning that it is highly likely), this BA ELECTRONIC PAYMENT charge is a legit one. And sure enough, as you can plainly read it in the charge label itself, it has something to do with the electronic payments, which means this shows up when you transfer money online. Let’s understand it all in a much better way here.
What’s a BA Electronic Payment Anyway?
To clarify that question, the first thing to know is that “BA” stands for Bank of America, and the bank uses the phrase “Electronic Payment” when the bank transfers money electronically. It should not be too hard to understand the concept. Take it like this: You make your payments using the internet, mobile, or phone; the bank ensures the transaction as a BA Electronic Payment. It is totally they let you know the time and the money you transferred through this method.
How Does It Show Up on Your Statement?
Present on the statement is “BA ELECTRONIC PAYMENT” with the date and the number of dollars. The minus sign (-) means money is taken from your account when you pay your credit card, so if you have a negative amount, it is a sign that money has been withdrawn. Luckily, if you are the owner of an online or mobile bank, these deals can be as simple as just a click or tap away, and people can be able to know the details of the operations and the sending/recipient points of that money (if any).
How Much and When Does It Post?
The numbers you find here can either be really small, for example, a little over $25, or really huge, or here it could be an amount of thousands of dollars. Typically, if you’re switching money between two BoA accounts, the money will arrive the very same day. However, if the initiating account is with a different bank, you may see the payment as pending for a couple of days, perhaps two to three working days, until it is actually credited to your BoA account.
What’s Up with User Complaints?
Customers get concerned if they see a transaction labelled BA Electronic Payments as they think this may be an issue. Fewer people get surprised when they see one of the double payments being actually correct, particularly when they firstly made payments automatically, and then made new payments manually. But this is the usual way how automatic bill paying and Bill Pay can coexist with each other. If a person is careless, they can confuse the two systems easily as they are similar both in appearance and function.
How to Check a BA Electronic Payment?
If you need to confirm a BA Electronic Payment, that is quite easy to do. You just need to sign in to your Bank of America online banking or use your mobile app, then tap on the transaction to check it. The transaction details (like account name, reference number, and scheduled and posted dates of payment) will be available for your perusal. If it’s an external bank account that is linked you can also check there to see if there is a corresponding withdrawal. And if, after checking, you are still concerned about any particular item, you can contest it directly on that detail page. It’s as simple as that!
It can also appear as one of the following in your credit card Statement :
| 1 | CHECKCARD BA ELECTRONIC PAYMENT |
| 2 | CHKCARD BA ELECTRONIC PAYMENT |
| 3 | CHKCARDBA ELECTRONIC PAYMENT |
| 4 | Misc. Debit BA ELECTRONIC PAYMENT |
| 5 | PENDING BA ELECTRONIC PAYMENT |
| 6 | POS Debit BA ELECTRONIC PAYMENT |
| 7 | POS PUR BA ELECTRONIC PAYMENT |
| 8 | POS PURCH BA ELECTRONIC PAYMENT |
| 9 | POS PURCHASE BA ELECTRONIC PAYMENT |
| 10 | POS REFUND BA ELECTRONIC PAYMENT |
| 11 | PRE-AUTH BA ELECTRONIC PAYMENT |
| 12 | Visa Check Card BA ELECTRONIC PAYMENT MC |
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Looking for other unknown charges? See our full list here: Unknown Bank Charges List.
