要約
This is a legitimate charge from Balance Transfer Fee.
What is a Balance Transfer Fee?
A balance transfer fee is a charge applied by a credit card issuer when you move existing debt from one credit card or loan to another.
The fee is usually a percentage of the total amount you transferred, typically between 3% and 5%, or a minimum flat fee (e.g., $5 or $10).
Why It Appears
Banks charge this fee to cover the administrative costs of the transfer and as a source of revenue. Even if you have a 0% introductory APR offer, you are often still required to pay this upfront fee.
While the fee is an added cost, the primary goal is to save money on high-interest debt over time.
- Step 1 Review your credit card agreement or the promotional offer you signed up for to confirm the specific fee percentage.
- Step 2 Calculate your savings: Compare the fee you paid against the interest you would have otherwise paid on the original debt.
What if I didn't initiate a transfer?
If you do not recall initiating a balance transfer, contact your bank immediately to ensure the charge is legitimate and not an unauthorized transaction.
Dispute Rights & Fraud Prevention
If you suspect this charge is fraudulent or billing in error, you have strict federal rights protecting your account.
Always review your statement carefully and take action within 60 days.
What should I do if I don't recognize this charge?
First, check with family members or anyone authorized on your account. If the charge remains unrecognized, contact your bank immediately to report it. Under the Fair Credit Billing Act (FCBA), you have 60 days from the statement date to dispute unauthorized credit card charges.
How long does it take for a disputed charge to be removed?
Once you file a dispute, your bank must acknowledge it within 30 days and resolve it within two billing cycles (not exceeding 90 days). During this time, the disputed amount is usually placed on a provisional hold, meaning you do not have to pay it.
本サイトはBalance Transfer Feeとは提携していない独立したリファレンスです。
検証ソース
- CFPB: Disputing Credit Card Charges https://www.consumerfinance.gov
- FTC: Fair Credit Billing Act https://consumer.ftc.gov