03/09/2019 · What's the cash advance fee? It's the same fee that's charged when using a credit card to withdraw money from an ATM or branch. The interest rate is usually higher than using the credit card for a purchase. So when you send money to a friend, you may be charged an additional fee based on dollar amount or percentage rate–whichever is ;· American Express: The NYT article suggests that Amex does not charge a fee. Bank of America: NYT reports on someone who was charged a cash advance fee for using a Bank of America credit card with both Paypal and Venmo. And a reader comments about getting a fee on their Bank of America business Cash Rewards card with ;· In mid-April, she was surprised to see “cash equivalent” fees of $10 for Venmo and PayPal transactions on her Bank of America credit card statement. The charges totaled $40 for four ;· They shouldn’t incur a cash advance fee, though this may be subject to change. Bank of America: If using a Bank of America card on Venmo, you’ll likely get hit with a cash advance fee. Barclays: If you use a Barclays credit card on a payments service like Venmo, you’ll likely incur a cash advance transaction fee is a fee charged when making Balance Transfers, Direct Deposit or Check Cash Advances, or other Bank Cash Advances, such as ATM cash advances, with your credit card. A transaction fee may also be charged if you make a foreign transaction or if you have overdraft protection on …Bank Accounts & Cards - FAQ – VenmoMajor Banks Charge Cash Advance Fees For Peer-To-Peer Here’s How to Choose the Best Credit Card for Venmo [2021 Bank Account Rates & Fees FAQs - Bank of AmericaInteresting. The symbol under category shows as Cash advance. But it doesn't look like I was charged any additional fees. I made a payment of $508, so with the 3% Venmo fee it should show up as $523, and that's what it showed up as on BOA, yet it puts it in the CA category.

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