When Does Bank Of America Report To Credit Bureaus?

Bank of America is one of the largest banks in the United States and ranks as one of the best banks overall. Lenders like Bank of America are allowed to choose:

• Whether they report information to credit bureaus,
• Which credit bureaus they report to, and
• What information is reported.

Bank of America pulls reports from all 3 of the major credit bureaus (TransUnion, Equifax and Experian) when running “hard pulls” but has been noted to favor Experian over Equifax and TransUnion when reporting consumer data.

When Does Bank Of America Report To Credit Bureaus?

Bank of America reports consumer information at least once per month to all 3 of the major credit bureaus. The reporting itself will take place approximately 3 to 5 days after the due date, specified on the credit card statement issued to the consumer being reported on.

The statement date is set to coincide with the ending of the billing cycle. Once a statement has been received, the next billing cycle will commence the following day. Billing cycles vary in length, typically spanning 30 to 45 days per cycle.

To determine your statement closing date, you can:

• Review your credit statement.
• Review billing information on online accounts.
• Call the number on your credit card for customer services to verify it for you.

Bank of America will reward customers who maintain a zero balance on their credit cards by immediately reporting their accounts to the three major credit bureaus.

What Information Does Bank Of America Report To Credit Bureaus?

Bank of America reports information pertaining to a consumers:

• Payment history,
• Credit limit, and
• Account balance.